Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -6.22 -24.10 -34.38 -146.69
Price to Sales 22.79 16.79 60.49 111.40 232.49
Book Value Per Common Share 0.54 2.45 3.77 5.45 7.26
Price to Book 34.05 17.49 21.41 27.29 29.91
Price to Operating Cash Flow -7.38 -23.12 1155.94 -84.40 -146.50
Price to Free Cash Flow
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Price to Earnings -5.08 -6.86 -7.15 -16.72 -19.66 -59.47 -15.09 -31.21 -54.35 -31.90 -37.48 -129.38 -235.32
Price to Sales 8.05 7.38 31.07 54.89 53.99 266.89 51.95 119.91 214.09 45.63 71.62 653.94 169.84 200.26 715.72
Book Value Per Common Share -2.05 -0.76 -0.61 0.54 1.35 1.86 1.57 2.45 1.84 2.56 3.08 3.77 4.21 4.30 4.70 5.45 6.13 6.66 6.67 7.26
Price to Book -4.23 -9.42 -10.63 34.05 25.63 15.76 36.00 17.49 18.81 18.17 14.99 21.41 13.20 12.13 17.50 27.29 30.82 27.89 34.14 29.91
Price to Operating Cash Flow -4.85 -5.32 -7.97 -21.64 -37.81 -53.64 -16.54 -30.03 -44.48 98.44 -63.34 -109.41 -144.77 -239.62 -344.85
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY -59.64 126.84 9.52 44.84
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Earning YoY
Revenue YoY 11.95 366.37 22.01 197.62 -83.31 73.31 82.15 73.98 476.45 19.94 191.33
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 6.56 8.02 8.07 5.71 13.43
Quick Ratio 3.88 5.53 6.26 6.64 20.95
Current Ratio 2.60 4.50 5.31 5.24 12.78
Debt to Equity 7.68 2.15 0.87 0.35 0.19
Long-Term Debt to Equity 4.72 1.52 0.57 0.19 0.10
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Cash Per Common Share 2.76 3.19 4.26 6.10 8.50 7.75 6.87 7.91 7.83 11.08 6.17 7.13 9.40 7.06 5.86 5.71 6.50 7.65 7.29 13.43
Quick Ratio 3.29 3.71 2.76 3.88 4.90 4.31 5.70 5.53 6.60 9.97 6.26 6.26 8.03 9.59 7.40 6.64 8.87 13.82 15.15 20.95
Current Ratio 2.53 3.12 2.16 2.60 3.09 3.41 4.46 4.50 5.18 6.14 5.11 5.31 5.95 7.44 5.90 5.24 7.07 10.63 11.74 12.78
Debt to Equity -3.40 -9.17 -13.45 7.68 3.06 2.21 3.12 2.15 2.84 2.00 0.93 0.87 0.74 0.84 0.38 0.35 0.31 0.17 0.17 0.19
Long-Term Debt to Equity -2.58 -6.86 -8.30 4.72 1.88 1.36 2.30 1.52 2.19 1.57 0.61 0.57 0.49 0.63 0.20 0.19 0.18 0.09 0.09 0.10

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -58.74 -22.69 -29.29 -30.91 -8.15
ROE -509.99 -71.36 -54.92 -41.79 -9.68
Gross Margin
Operating Margin -362.81 -56.79 -168.66
EBITDA Margin -335.51 -46.45 -159.73
Net Profit Margin -366.62 -69.47 -175.89 -170.55 -75.20
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
ROA -68.84 -33.34 -23.63 -34.31 -21.72 -14.43 -31.93 -19.05 -13.98 -21.12 -16.89 -12.88 -18.15 -10.15 -8.47
ROE 165.38 272.39 294.32 -139.38 -69.81 -59.39 -122.71 -57.25 -26.99 -36.83 -31.15 -17.75 -23.77 -11.87 -9.88
Gross Margin
Operating Margin -158.89 -107.81 -328.17 -274.38 -447.52 -335.85 -377.84 -387.84 -135.80 -180.40
EBITDA Margin -149.42 -100.47 -299.53 -251.04 -413.56 -308.09 -347.63 -361.01 -130.13 -175.07
Net Profit Margin -158.88 -107.79 -436.62 -328.19 -274.40 -447.52 -344.56 -383.67 -394.90 -143.07 -191.57 -663.22 -131.60 -85.49 -207.09

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 387,207.00 470,736.00 406,944.00 341,408.00 394,111.00
   Current Assets 343,310.00 421,542.00 353,153.00 218,515.00 378,182.00
      Cash and Short-Term Investments 503,713.00 482,662.00 409,682.00 264,589.00 614,369.00
            Cash and Cash Equivalents 377,122.00 134,412.00 90,572.00 59,865.00 410,784.00
            Short-Term Investments 126,591.00 348,250.00 319,110.00 204,724.00 203,585.00
      Net Receivables 8,616.00 36,078.00 7,122.00 12,454.00 5,559.00
      Inventory 0 0 0 0 0
      Other Current Assets -169,019.00 -97,198.00 -63,651.00 -58,528.00 -241,746.00
   Non-Current Assets 43,897.00 49,194.00 53,791.00 122,893.00 15,929.00
      Property, Plant, Equipment Net 35,867.00 44,755.00 51,064.00 51,591.00 12,935.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 68,775.00 0
      Non-Current Deferred Assets 16,620.00 15,274.00 0 0 3,629.00
      Other Non-Current Assets -8,590.00 -10,835.00 2,727.00 2,527.00 -635.00
Liabilities 342,606.00 321,087.00 189,896.00 88,844.00 62,063.00
   Current Liabilities 131,893.00 93,746.00 66,547.00 41,736.00 29,597.00
      Payables and Expenses 23,380.00 24,126.00 17,939.00 22,744.00 14,367.00
            Account Payables 10,475.00 9,440.00 4,797.00 11,327.00 5,544.00
            Current Accrued Liabilities 12,905.00 14,686.00 13,142.00 11,417.00 8,823.00
      Short-Term Debt 7,480.00 10,481.00 17,085.00 10,412.00 0
      Other Current Liabilities 101,033.00 59,139.00 31,523.00 8,580.00 15,230.00
   Non-Current Liabilities 210,713.00 227,341.00 123,349.00 47,108.00 32,466.00
      Long-Term Debt 15,674.00 23,154.00 33,345.00 46,962.00 49,545.00
      Other Non-Current Liabilities 195,039.00 204,187.00 90,004.00 146.00 -17,079.00
Equity 44,601.00 149,649.00 217,048.00 252,564.00 332,048.00
   Shareholders Equity 44,601.00 149,649.00 217,048.00 252,564.00 332,048.00
      Capital Stock 25,083.00 61.00 58.00 46.00 46.00
      Share Premium 831,348.00 708,975.00 670,223.00 586,243.00 559,746.00
      Retained Earnings -786,869.00 -559,408.00 -452,615.00 -333,411.00 -227,873.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 39.00 21.00 -618.00 -314.00 129.00
   Minority Interest 0 0 0 0 0
Investments 126,591.00 348,250.00 319,110.00 273,499.00 203,585.00
Debt 23,154.00 33,635.00 50,430.00 57,374.00 49,545.00
Common Shares Outstanding 82,526.43 61,009.83 57,499.54 46,327.13 45,752.12
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 62,043.00 153,731.00 67,772.00 61,880.00 42,722.00
Operating Expenses 300,496.00 243,009.00 196,715.00 160,404.00 113,779.00
   Selling, General and Administrative Expenses 48,453.00 62,584.00 59,544.00 56,004.00 36,818.00
   Research and Development Expenses 252,043.00 180,425.00 137,171.00 104,400.00 76,961.00
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00
Operating Income -238,453.00 -89,278.00 -128,943.00 -98,524.00 -71,057.00
Net Non-Operating Income 13,355.00 677.00 12,239.00 0 0
Interest Expense 0.00 1,300.00 2,400.00 2,600.00 2,300.00
EBT -225,098.00 -88,601.00 -116,704.00 0 0
Income Tax 2,363.00 18,192.00 2,500.00 0.00 100.00
Net Income -227,461.00 -106,793.00 -119,204.00 -105,538.00 -32,128.00
EBIT -225,098.00 -87,301.00 -114,304.00 0 0
Deprecation and Amortization 16,937.00 15,891.00 6,054.00 2,063.00 3,807.00
EBITDA -208,161.00 -71,410.00 -108,250.00 0 0
EPS -0.00 -0.00 -0.00 0 -0.00
Diluted EPS -0.00 -0.00 -0.00 0 -0.00
Average Shares Outstanding Basic 76,829.20 60,163.54 50,739.18 0 0
Average Shares Outstanding Diluted 76,829.20 60,163.54 50,739.18 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -191,540.00 -111,616.00 3,549.00 -81,679.00 -67,802.00
   Operating Net Income -227,461.00 -106,793.00 -119,204.00 -105,538.00 -31,028.00
   Deprecation and Amortization 16,937.00 15,891.00 6,054.00 2,063.00 3,807.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 24,687.00 24,908.00 26,304.00 23,241.00 11,917.00
   Change in Working Capital -15,554.00 -1,981.00 94,249.00 4,088.00 -14,666.00
   Other Operating Activities 9,851.00 -43,641.00 -3,854.00 -5,533.00 -37,832.00
Investing Cash Flow 218,508.00 -3,924.00 -35,022.00 -97,315.00 604.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0
   Net Purchase/Sale of Investments Net 609,568.00 460,301.00 245,410.00 248,727.00 130,741.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -391,060.00 -464,225.00 -280,432.00 -346,042.00 -130,137.00
Financing Cash Flow 94,054.00 137,554.00 48,313.00 3,256.00 269,247.00
   Net Issuance/Repayment of Debt 4,083.00 12,500.00 9,375.00 0 35,000.00
   Net Issuance/Repurchase of Equity 98,646.00 26,336.00 114,451.00 4,257.00 278,361.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -8,675.00 98,718.00 -75,513.00 -1,001.00 -44,114.00
Net Change in Cash 121,022.00 22,014.00 16,840.00 -175,738.00 202,049.00
   Cash at Beginning of Period 70,140.00 48,126.00 31,286.00 207,024.00 4,975.00
   Cash at End of Period 191,162.00 70,140.00 48,126.00 31,286.00 207,024.00
Free Cash Flow 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Assets 209,658.00 262,355.00 321,430.00 387,207.00 451,832.00 489,043.00 403,402.00 470,736.00 431,734.00 464,899.00 358,016.00 406,944.00 400,700.00 385,620.00 303,675.00 341,408.00 371,472.00 359,788.00 358,528.00 394,111.00
   Current Assets 182,113.00 231,630.00 287,409.00 343,310.00 405,779.00 443,475.00 354,582.00 421,542.00 381,254.00 411,985.00 304,063.00 353,153.00 346,553.00 331,511.00 228,742.00 218,515.00 250,729.00 277,615.00 266,001.00 378,182.00
      Cash and Short-Term Investments 232,632.00 267,156.00 354,084.00 503,713.00 636,660.00 553,219.00 422,075.00 482,662.00 468,862.00 659,547.00 362,597.00 409,682.00 457,043.00 329,803.00 275,203.00 264,589.00 299,609.00 351,968.00 336,004.00 614,369.00
            Cash and Cash Equivalents 130,965.00 126,050.00 211,341.00 377,122.00 348,985.00 167,615.00 128,475.00 134,412.00 161,545.00 469,700.00 123,575.00 90,572.00 192,674.00 149,282.00 57,259.00 59,865.00 60,815.00 114,356.00 109,594.00 410,784.00
            Short-Term Investments 101,667.00 141,106.00 142,743.00 126,591.00 287,675.00 385,604.00 293,600.00 348,250.00 307,317.00 189,847.00 239,022.00 319,110.00 264,369.00 180,521.00 217,944.00 204,724.00 238,794.00 237,612.00 226,410.00 203,585.00
      Net Receivables 3,922.00 7,999.00 13,562.00 8,616.00 6,655.00 6,950.00 31,300.00 36,078.00 16,627.00 9,999.00 9,873.00 7,122.00 11,241.00 97,671.00 11,686.00 12,454.00 14,830.00 9,160.00 7,227.00 5,559.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets -54,441.00 -43,525.00 -80,237.00 -169,019.00 -237,536.00 -116,694.00 -98,793.00 -97,198.00 -104,235.00 -257,561.00 -68,407.00 -63,651.00 -121,731.00 -95,963.00 -58,147.00 -58,528.00 -63,710.00 -83,513.00 -77,230.00 -241,746.00
   Non-Current Assets 27,545.00 30,725.00 34,021.00 43,897.00 46,053.00 45,568.00 48,820.00 49,194.00 50,480.00 52,914.00 53,953.00 53,791.00 54,147.00 54,109.00 74,933.00 122,893.00 120,743.00 82,173.00 92,527.00 15,929.00
      Property, Plant, Equipment Net 26,687.00 29,817.00 33,078.00 35,867.00 38,024.00 39,747.00 42,224.00 44,755.00 46,340.00 48,774.00 49,831.00 51,064.00 51,354.00 51,316.00 51,657.00 51,591.00 53,448.00 18,669.00 14,829.00 12,935.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20,699.00 68,775.00 64,279.00 60,006.00 74,615.00 0
      Non-Current Deferred Assets 0 0 0 16,620.00 0 0 0 15,274.00 0 0 0 0 0 0 0 0 0 0 0 3,629.00
      Other Non-Current Assets 858.00 908.00 943.00 -8,590.00 8,029.00 5,821.00 6,596.00 -10,835.00 4,140.00 4,140.00 4,122.00 2,727.00 2,793.00 2,793.00 2,577.00 2,527.00 3,016.00 3,498.00 3,083.00 -635.00
Liabilities 296,926.00 294,466.00 347,241.00 342,606.00 340,612.00 336,867.00 305,378.00 321,087.00 319,387.00 310,184.00 172,603.00 189,896.00 170,974.00 176,562.00 83,303.00 88,844.00 87,892.00 52,288.00 51,190.00 62,063.00
   Current Liabilities 71,895.00 74,246.00 133,046.00 131,893.00 131,291.00 129,985.00 79,509.00 93,746.00 73,606.00 67,125.00 59,486.00 66,547.00 58,288.00 44,572.00 38,760.00 41,736.00 35,455.00 26,125.00 22,660.00 29,597.00
      Payables and Expenses 20,282.00 16,072.00 19,734.00 23,380.00 19,393.00 16,026.00 14,588.00 24,126.00 16,894.00 13,365.00 11,414.00 17,939.00 22,823.00 20,315.00 16,113.00 22,744.00 19,660.00 14,152.00 10,387.00 14,367.00
            Account Payables 7,034.00 4,308.00 8,180.00 10,475.00 6,216.00 6,086.00 7,511.00 9,440.00 5,525.00 3,856.00 5,058.00 4,797.00 12,443.00 12,567.00 10,705.00 11,327.00 11,173.00 7,642.00 5,891.00 5,544.00
            Current Accrued Liabilities 13,248.00 11,764.00 11,554.00 12,905.00 13,177.00 9,940.00 7,077.00 14,686.00 11,369.00 9,509.00 6,356.00 13,142.00 10,380.00 7,748.00 5,408.00 11,417.00 8,487.00 6,510.00 4,496.00 8,823.00
      Short-Term Debt 7,960.00 8,057.00 7,765.00 7,480.00 7,203.00 6,933.00 6,673.00 10,481.00 13,311.00 16,131.00 18,493.00 17,085.00 15,131.00 13,620.00 13,578.00 10,412.00 7,695.00 3,125.00 0 0
      Other Current Liabilities 43,653.00 50,117.00 105,547.00 101,033.00 104,695.00 107,026.00 58,248.00 59,139.00 43,401.00 37,629.00 29,579.00 31,523.00 20,334.00 10,637.00 9,069.00 8,580.00 8,100.00 8,848.00 12,273.00 15,230.00
   Non-Current Liabilities 225,031.00 220,220.00 214,195.00 210,713.00 209,321.00 206,882.00 225,869.00 227,341.00 245,781.00 243,059.00 113,117.00 123,349.00 112,686.00 131,990.00 44,543.00 47,108.00 52,437.00 26,163.00 28,530.00 32,466.00
      Long-Term Debt 9,701.00 11,536.00 13,632.00 15,674.00 17,661.00 19,593.00 21,397.00 23,154.00 24,864.00 26,526.00 28,071.00 33,345.00 44,621.00 51,648.00 57,196.00 46,962.00 69,487.00 43,394.00 49,680.00 49,545.00
      Other Non-Current Liabilities 215,330.00 208,684.00 200,563.00 195,039.00 191,660.00 187,289.00 204,472.00 204,187.00 220,917.00 216,533.00 85,046.00 90,004.00 68,065.00 80,342.00 -12,653.00 146.00 -17,050.00 -17,231.00 -21,150.00 -17,079.00
Equity -87,268.00 -32,111.00 -25,811.00 44,601.00 111,220.00 152,176.00 98,024.00 149,649.00 112,347.00 154,715.00 185,413.00 217,048.00 229,726.00 209,058.00 220,372.00 252,564.00 283,580.00 307,500.00 307,338.00 332,048.00
   Shareholders Equity -174,536.00 -64,222.00 -51,622.00 44,601.00 111,220.00 152,176.00 98,024.00 149,649.00 112,347.00 154,715.00 185,413.00 217,048.00 229,726.00 209,058.00 220,372.00 252,564.00 283,580.00 307,500.00 307,338.00 332,048.00
      Capital Stock 85.00 85.00 84.00 25,083.00 482.00 482.00 25,062.00 61.00 61.00 60.00 60.00 58.00 55.00 49.00 47.00 46.00 46.00 46.00 46.00 46.00
      Share Premium 843,807.00 842,153.00 836,951.00 831,348.00 825,458.00 817,896.00 715,696.00 708,975.00 702,752.00 695,828.00 688,125.00 670,223.00 649,028.00 608,898.00 593,998.00 586,243.00 578,850.00 571,883.00 565,524.00 559,746.00
      Retained Earnings -931,193.00 -874,336.00 -862,837.00 -786,869.00 -714,426.00 -665,639.00 -617,621.00 -559,408.00 -590,473.00 -541,189.00 -502,665.00 -452,615.00 -418,021.00 -398,533.00 -372,521.00 -333,411.00 -295,286.00 -264,384.00 -258,232.00 -227,873.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 33.00 -13.00 -9.00 39.00 106.00 -163.00 -113.00 21.00 7.00 16.00 -107.00 -618.00 -1,336.00 -1,356.00 -1,152.00 -314.00 -30.00 -45.00 0 129.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 101,667.00 141,106.00 142,743.00 126,591.00 287,675.00 385,604.00 293,600.00 348,250.00 307,317.00 189,847.00 239,022.00 319,110.00 264,369.00 180,521.00 238,643.00 273,499.00 303,073.00 297,618.00 301,025.00 203,585.00
Debt 17,661.00 19,593.00 21,397.00 23,154.00 24,864.00 26,526.00 28,070.00 33,635.00 38,175.00 42,657.00 46,564.00 50,430.00 59,752.00 65,268.00 70,774.00 57,374.00 77,182.00 46,519.00 49,680.00 49,545.00
Common Shares Outstanding 85,101.75 84,720.05 84,349.04 82,526.43 82,395.35 81,861.58 62,456.55 61,009.83 60,900.70 60,471.04 60,161.80 57,499.54 54,631.36 48,674.23 46,926.86 46,327.13 46,261.06 46,141.45 46,103.61 45,752.12
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Revenues 90,837.00 81,144.00 17,399.00 -36,913.00 47,234.00 38,714.00 13,008.00 77,961.00 40,010.00 23,086.00 12,674.00 -31,258.00 59,140.00 33,993.00 5,897.00 -46,715.00 51,226.00 42,709.00 14,660.00
Operating Expenses 211,155.00 153,003.00 85,913.00 -133,522.00 220,429.00 143,990.00 69,599.00 -95,844.00 172,440.00 111,502.00 54,911.00 -79,679.00 138,861.00 92,504.00 45,029.00 -59,502.00 114,714.00 71,523.00 33,669.00
   Selling, General and Administrative Expenses 32,357.00 23,616.00 13,273.00 -28,783.00 39,423.00 25,092.00 12,721.00 -29,219.00 45,780.00 30,511.00 15,512.00 -30,502.00 44,825.00 30,182.00 15,039.00 -18,996.00 40,241.00 23,652.00 11,107.00
   Research and Development Expenses 129,775.00 89,922.00 51,597.00 -104,739.00 181,006.00 118,898.00 56,878.00 -66,625.00 126,660.00 80,991.00 39,399.00 -49,177.00 94,036.00 62,322.00 29,990.00 -40,506.00 74,473.00 47,871.00 22,562.00
   Other Operating Expenses 49,023.00 39,465.00 21,043.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Income -120,318.00 -71,859.00 -68,514.00 96,609.00 -173,195.00 -105,276.00 -56,591.00 173,805.00 -132,430.00 -88,416.00 -42,237.00 48,421.00 -79,721.00 -58,511.00 -39,132.00 12,787.00 -63,488.00 -28,814.00 -19,009.00
Net Non-Operating Income -24,017.00 -15,619.00 0 -2,261.00 18,185.00 -947.00 -1,622.00 10,750.00 -3,043.00 388.00 -7,418.00 18,739.00 -2,389.00 -4,111.00 0 0 0 0 0
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1,100.00 1,100.00 800.00 500.00 -1,400.00 1,800.00 1,300.00 700.00 -1,200.00 1,900.00 1,300.00 600.00
EBT -144,335.00 -87,478.00 0 94,348.00 -155,010.00 -106,223.00 -58,213.00 184,555.00 -135,473.00 -88,028.00 -49,655.00 28,028.00 -82,110.00 -62,622.00 0 0 0 0 0
Income Tax 11.00 11.00 0.00 2,347.00 8.00 8.00 0.00 14,866.00 2,385.00 546.00 395.00 -2,500.00 2,500.00 2,500.00 0.00 0.00 0.00 0.00 0.00
Net Income -144,324.00 -87,467.00 -75,968.00 92,001.00 -155,018.00 -106,231.00 -58,213.00 169,689.00 -137,858.00 -88,574.00 -50,050.00 69,638.00 -84,610.00 -65,122.00 -39,110.00 28,745.00 -67,413.00 -36,511.00 -30,359.00
EBIT -144,335.00 -87,478.00 0 94,348.00 -155,010.00 -106,223.00 -58,213.00 183,455.00 -134,373.00 -87,228.00 -49,155.00 27,328.00 -80,310.00 -61,322.00 0 0 0 0 0
Deprecation and Amortization 8,604.00 5,949.00 3,016.00 -10,044.00 13,530.00 9,034.00 4,417.00 -5,591.00 11,107.00 6,974.00 3,401.00 110.00 3,352.00 1,811.00 781.00 -1,496.00 1,547.00 1,217.00 795.00
EBITDA -135,731.00 -81,529.00 0 84,304.00 -141,480.00 -97,189.00 -53,796.00 177,864.00 -123,266.00 -80,254.00 -45,754.00 28,219.00 -76,958.00 -59,511.00 0 0 0 0 0
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 0 0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 0 0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 84,191.63 83,846.89 83,106.01 99,583.05 74,934.74 71,341.21 61,457.79 62,500.64 59,894.18 59,535.92 58,723.43 107,604.82 48,622.26 46,729.66 0 30,689.30 46,060.01 46,007.89 0
Average Shares Outstanding Diluted 84,191.63 83,846.89 83,106.01 99,583.05 74,934.74 71,341.21 61,457.79 62,500.64 59,894.18 59,535.92 58,723.43 107,604.82 48,622.26 46,729.66 0 30,689.30 46,060.01 46,007.89 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow -150,796.00 -112,607.00 -67,883.00 48,289.00 -119,802.00 -55,286.00 -64,741.00 167,249.00 -125,688.00 -92,186.00 -60,991.00 49,832.00 27,413.00 -38,441.00 -35,255.00 44,543.00 -60,099.00 -35,693.00 -30,430.00
   Operating Net Income -144,324.00 -87,467.00 -75,968.00 92,001.00 -155,018.00 -106,231.00 -58,213.00 169,689.00 -137,858.00 -88,574.00 -50,050.00 69,638.00 -84,610.00 -65,122.00 -39,110.00 28,745.00 -67,413.00 -36,511.00 -30,359.00
   Deprecation and Amortization 8,604.00 5,949.00 3,016.00 -10,044.00 13,530.00 9,034.00 4,417.00 -5,591.00 11,107.00 6,974.00 3,401.00 110.00 3,352.00 1,811.00 781.00 -1,496.00 1,547.00 1,217.00 795.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 12,353.00 10,801.00 5,538.00 -12,380.00 18,772.00 12,227.00 6,068.00 -12,480.00 18,685.00 12,682.00 6,021.00 -14,792.00 20,452.00 13,670.00 6,974.00 -6,924.00 16,354.00 9,859.00 3,952.00
   Change in Working Capital -96,845.00 -80,915.00 -4,829.00 40,366.00 -18,343.00 -16,950.00 -20,627.00 11,352.00 81.00 -11,752.00 -1,662.00 -162,323.00 88,296.00 175,459.00 -7,183.00 17,146.00 1,858.00 -5,745.00 -9,171.00
   Other Operating Activities 69,416.00 39,025.00 4,360.00 -61,654.00 21,257.00 46,634.00 3,614.00 4,279.00 -17,703.00 -11,516.00 -18,701.00 157,199.00 -77.00 -164,259.00 3,283.00 7,072.00 -12,445.00 -4,513.00 4,353.00
Investing Cash Flow 26,311.00 -13,678.00 -16,258.00 39,653.00 131,020.00 -16,270.00 64,105.00 -224,572.00 19,589.00 133,608.00 67,451.00 -151,761.00 2,860.00 80,897.00 32,982.00 258,365.00 -118,096.00 -115,854.00 -121,730.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net 260,911.00 170,973.00 142,380.00 -227,302.00 409,537.00 292,332.00 135,001.00 -113,552.00 379,728.00 141,361.00 52,764.00 104,355.00 115,123.00 14,938.00 10,994.00 -344,301.00 226,109.00 202,315.00 164,604.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -234,600.00 -184,651.00 -158,638.00 266,955.00 -278,517.00 -308,602.00 -70,896.00 -111,020.00 -360,139.00 -7,753.00 14,687.00 -256,116.00 -112,263.00 65,959.00 21,988.00 602,666.00 -344,205.00 -318,169.00 -286,334.00
Financing Cash Flow 108.00 6.00 66.00 -89,656.00 94,078.00 93,061.00 -3,429.00 -158,302.00 140,679.00 146,419.00 8,758.00 5,216.00 36,092.00 6,245.00 760.00 -3,107.00 2,750.00 1,787.00 1,826.00
   Net Issuance/Repayment of Debt 0 0 0 -8,166.00 4,083.00 4,083.00 4,083.00 -6,250.00 9,375.00 6,250.00 3,125.00 0.00 6,250.00 3,125.00 0 0 0 0 0
   Net Issuance/Repurchase of Equity 373.00 246.00 246.00 -98,583.00 98,646.00 97,555.00 1,028.00 -13,716.00 14,336.00 13,382.00 12,334.00 60,677.00 42,805.00 9,783.00 1,186.00 -4,398.00 3,737.00 2,685.00 2,233.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -265.00 -240.00 -180.00 17,093.00 -8,651.00 -8,577.00 -8,540.00 -138,336.00 116,968.00 126,787.00 -6,701.00 -55,461.00 -12,963.00 -6,663.00 -426.00 1,291.00 -987.00 -898.00 -407.00
Net Change in Cash -124,377.00 -126,279.00 -84,075.00 -1,714.00 105,296.00 21,505.00 -4,065.00 -215,625.00 34,580.00 187,841.00 15,218.00 -96,713.00 66,365.00 48,701.00 -1,513.00 299,801.00 -175,445.00 -149,760.00 -150,334.00
   Cash at Beginning of Period 191,162.00 191,162.00 191,162.00 192,876.00 70,140.00 70,140.00 70,140.00 285,765.00 48,126.00 48,126.00 48,126.00 144,839.00 31,286.00 31,286.00 31,286.00 -268,515.00 207,024.00 207,024.00 207,024.00
   Cash at End of Period 66,785.00 64,883.00 107,087.00 191,162.00 175,436.00 91,645.00 66,075.00 70,140.00 82,706.00 235,967.00 63,344.00 48,126.00 97,651.00 79,987.00 29,773.00 31,286.00 31,579.00 57,264.00 56,690.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0