Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -7.60 -6.48 -7.96 -38.75 -46.27
Price to Sales 7.22 5.28 5.59 13.38 13.90
Book Value Per Common Share 0.07 0.20 0.35 0.45 0.48
Price to Book 31.93 8.64 5.98 13.84 10.69
Price to Operating Cash Flow -22.87 -15.46 -18.72 -158.97 -105.38
Price to Free Cash Flow -22.78 -14.86 -14.59 -107.83 -103.46
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Price to Earnings -44.43 -42.40 -25.14 -25.50 -43.50 -29.14 -62.17 -336.00
Price to Sales 38.35 21.20 20.68 19.05 31.67 23.83 40.24 58.59
Book Value Per Common Share 0.13 0.08 0.03 0.19 0.17 0.31 0.43 0.46
Price to Book 24.57 27.01 53.66 10.65 14.96 6.58 8.76 14.53
Price to Operating Cash Flow -68.05 -50.00 -86.70 -40.48 -92.88 -55.74 -129.07 -1639.02
Price to Free Cash Flow -68.05 -49.65 -40.32 -49.51 -84.58 -1493.33
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 0.55 -4.89 -19.63 31.51
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Earning YoY
Revenue YoY -15.16 17.75 -18.75 33.66 5.07 -6.95 -18.39
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 0.15 0.25 0.38 0.52 0.60
Quick Ratio 0.75 1.82 2.38 3.36 3.50
Current Ratio 1.22 2.51 3.03 3.88 3.88
Debt to Equity 3.09 0.91 0.67 0.55 0.38
Long-Term Debt to Equity 1.20 0.31 0.23 0.21 0.04
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Cash Per Common Share 0.11 0.08 0.12 0.12 0.22 0.34 0.47 0.58
Quick Ratio 0.78 0.55 0.62 0.90 1.72 2.18 3.52 3.06
Current Ratio 1.31 1.06 1.07 1.39 2.43 2.87 4.10 3.39
Debt to Equity 2.95 5.10 4.59 2.14 0.97 0.73 0.52 0.46
Long-Term Debt to Equity 1.19 2.03 1.63 0.86 0.33 0.24 0.21 0.04

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 6.12 -49.42 -34.25 -17.57 -11.99
ROE 25.00 -94.49 -57.29 -27.18 -16.52
Gross Margin 54.22 55.51 65.62 66.34 71.22
Operating Margin
EBITDA Margin
Net Profit Margin 10.62 -77.37 -64.99 -30.60 -24.96
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
ROA -14.88 -10.06 1.61 -12.80 -11.42 -10.54 -7.11 -2.61
ROE -58.83 -61.37 9.03 -40.18 -22.50 -18.25 -10.78 -3.80
Gross Margin 54.94 52.05 54.39 44.57 57.65 59.19 69.97 69.77
Operating Margin -87.85 -45.20 -69.00
EBITDA Margin -82.64 -40.65 -65.41
Net Profit Margin -90.90 -47.10 9.88 -70.88 -65.51 -81.66 -58.06 -17.77

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 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 46,724.00 41,909.00 53,413.00 60,984.69 55,455.82
   Current Assets 26,439.00 33,267.00 43,246.00 51,388.30 52,716.74
      Cash and Short-Term Investments 12,436.00 20,343.00 28,955.00 39,192.86 43,939.51
            Cash and Cash Equivalents 12,436.00 20,343.00 9,111.00 39,192.86 43,939.51
            Short-Term Investments 0 0 19,844.00 0 0
      Net Receivables 3,824.00 3,822.00 5,090.00 5,405.86 3,515.14
      Inventory 8,331.00 8,426.00 7,876.00 4,433.39 3,295.46
      Other Current Assets 1,848.00 676.00 1,325.00 2,356.19 1,966.63
   Non-Current Assets 20,285.00 8,642.00 10,167.00 9,596.38 2,739.09
      Property, Plant, Equipment Net 9,056.00 8,286.00 9,215.00 8,366.67 195.13
      Goodwill 3,764.00 0 0 0 0
      Intangible Assets 7,358.00 0 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 30.00 68.00 96.00 145.72 9.41
      Other Non-Current Assets 77.00 288.00 856.00 1,083.99 2,534.55
Liabilities 35,292.00 19,989.00 21,484.00 21,560.75 15,226.58
   Current Liabilities 21,602.00 13,247.00 14,291.00 13,261.56 13,573.19
      Payables and Expenses 8,590.00 6,162.00 6,576.00 6,716.66 4,817.87
            Account Payables 5,668.00 3,190.00 3,270.00 4,188.47 1,608.64
            Current Accrued Liabilities 2,922.00 2,972.00 3,306.00 2,528.19 3,209.24
      Short-Term Debt 570.00 428.00 373.00 268.12 3,472.55
      Other Current Liabilities 12,442.00 6,657.00 7,342.00 6,276.78 5,282.77
   Non-Current Liabilities 13,690.00 6,742.00 7,193.00 8,299.19 1,653.40
      Long-Term Debt 5,436.00 5,062.00 5,488.00 5,842.46 973.25
      Other Non-Current Liabilities 8,254.00 1,680.00 1,705.00 2,456.73 680.15
Equity 11,432.00 21,920.00 31,929.00 39,423.94 40,229.24
   Shareholders Equity 6,080.00 16,343.00 26,346.00 33,840.17 34,623.92
      Capital Stock 85.00 81.00 81.00 80.23 79.30
      Share Premium 567,926.00 554,148.00 543,438.00 532,640.80 522,709.85
      Retained Earnings -561,725.00 -537,680.00 -516,967.00 -498,674.86 -487,959.23
      Treasury Shares -206.00 -206.00 -206.00 -206.00 -206.00
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Investments 0 0 19,844.00 0 0
Debt 6,006.00 5,490.00 5,861.00 6,110.58 4,445.80
Common Shares Outstanding 0 0 0 0 0
Preferred Shares Outstanding 0 0 5,610.12 5,610.12 5,610.12
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 26,918.00 26,771.00 28,147.00 35,020.86 26,630.03
Cost Of Revenue 12,324.00 11,911.00 9,677.00 11,789.19 7,664.25
Gross Profit 14,594.00 14,860.00 18,470.00 23,231.68 18,965.79
Operating Expenses 39,333.00 36,699.00 37,246.00 36,120.12 25,679.60
   Selling, General and Administrative Expenses 29,573.00 26,426.00 26,688.00 25,921.57 17,542.69
   Research and Development Expenses 9,760.00 10,273.00 10,558.00 10,198.55 8,136.91
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00
Operating Income -24,739.00 -21,839.00 -18,776.00 -12,888.44 -6,713.81
Interest Expense 0.00 0.00 0.00 10.07 0.00
Net Interest 694.00 1,096.00 984.00 -10.07 67.36
EBT 0 0 0 0 0
Income Tax 0.00 0.00 0.00 0.00 0.00
Net Income 2,858.00 -20,713.00 -18,292.00 -10,715.62 -6,646.46
Deprecation and Amortization 969.00 308.00 301.00 105.65 126.21
EPS -0.00 -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 85,183.31 80,702.36 76,061.18 75,558.23 72,746.27
Average Shares Outstanding Diluted 85,183.31 80,702.36 76,061.18 75,558.23 72,746.27
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -8,497.00 -9,139.00 -8,415.00 -2,945.91 -3,511.77
   Operating Net Income -24,045.00 -20,713.00 -18,292.00 -10,715.62 -6,646.46
   Deprecation and Amortization 969.00 308.00 301.00 105.65 126.21
   Deferred Income Tax 2,199.00 2,881.00 2,083.00 1,721.96 -1,150.14
   Share Based Compensation 10,262.00 10,623.00 10,576.00 9,362.91 3,169.35
   Change in Working Capital 2,505.00 612.00 -1,103.00 -2,497.98 89.37
   Other Operating Activities -387.00 -2,850.00 -1,980.00 -922.83 899.90
Investing Cash Flow 74.00 19,765.00 -22,094.00 -1,396.59 -70.90
   Capital Expenditure -34.00 -366.00 -2,378.00 -1,396.59 -70.90
   Net Purchase/Sale of PPE -34.00 -366.00 -2,378.00 -1,396.59 -70.90
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 108.00 0 0 0 0
   Other Investing Activities 34.00 20,497.00 -17,338.00 1,396.59 70.90
Financing Cash Flow 297.00 81.00 220.00 547.41 17,340.06
   Net Issuance/Repayment of Debt 0 0 0 0 2,158.31
   Net Issuance/Repurchase of Equity 297.00 81.00 220.00 547.41 15,181.75
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 0.00 0.00
Net Change in Cash -8,126.00 10,707.00 -30,289.00 -3,795.09 13,757.40
   Cash at Beginning of Period 20,562.00 9,855.00 40,144.00 43,939.51 30,182.12
   Cash at End of Period 12,436.00 20,562.00 9,855.00 40,144.42 43,939.51
Free Cash Flow -8,531.00 -9,505.00 -10,793.00 -4,342.50 -3,582.67
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Assets 45,587.00 41,173.00 45,705.00 46,724.00 50,935.00 39,452.00 41,909.00 50,711.00 53,413.00 57,429.00 60,984.69 58,817.69 55,455.82
   Current Assets 26,663.00 21,904.00 25,913.00 26,439.00 28,812.00 31,208.00 33,267.00 40,905.00 43,246.00 47,134.00 51,388.30 56,541.25 52,716.74
      Cash and Short-Term Investments 10,506.00 6,967.00 10,689.00 12,436.00 10,663.00 18,158.00 20,343.00 26,189.00 28,955.00 35,713.00 39,192.86 43,788.71 43,939.51
            Cash and Cash Equivalents 10,506.00 6,967.00 10,689.00 12,436.00 10,663.00 18,158.00 20,343.00 6,148.00 9,111.00 35,713.00 39,192.86 43,788.71 43,939.51
            Short-Term Investments 0 0 0 0 0 0 0 20,041.00 19,844.00 0 0 0 0
      Net Receivables 5,333.00 4,393.00 4,324.00 3,824.00 7,921.00 3,953.00 3,822.00 4,874.00 5,090.00 4,693.00 5,405.86 7,290.76 3,515.14
      Inventory 10,147.00 9,608.00 9,812.00 8,331.00 9,009.00 8,252.00 8,426.00 8,510.00 7,876.00 4,850.00 4,433.39 3,536.30 3,295.46
      Other Current Assets 677.00 936.00 1,088.00 1,848.00 1,219.00 845.00 676.00 1,332.00 1,325.00 1,878.00 2,356.19 1,925.47 1,966.63
   Non-Current Assets 18,924.00 19,269.00 19,792.00 20,285.00 22,123.00 8,244.00 8,642.00 9,806.00 10,167.00 10,295.00 9,596.38 2,276.45 2,739.09
      Property, Plant, Equipment Net 8,215.00 8,488.00 8,786.00 9,056.00 9,351.00 8,040.00 8,286.00 9,010.00 9,215.00 8,904.00 8,366.67 1,898.17 195.13
      Goodwill 3,764.00 3,764.00 3,764.00 3,764.00 4,494.00 0 0 0 0 0 0 0 0
      Intangible Assets 6,665.00 6,899.00 7,144.00 7,358.00 8,162.00 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 30.00 0 0 68.00 0 96.00 0 145.72 0 9.41
      Other Non-Current Assets 280.00 118.00 98.00 77.00 116.00 204.00 288.00 796.00 856.00 1,391.00 1,083.99 378.28 2,534.55
Liabilities 34,053.00 34,421.00 37,529.00 35,292.00 34,712.00 19,421.00 19,989.00 21,418.00 21,484.00 19,523.00 21,560.75 18,468.40 15,226.58
   Current Liabilities 20,370.00 20,748.00 24,229.00 21,602.00 20,721.00 12,852.00 13,247.00 14,269.00 14,291.00 11,491.00 13,261.56 16,686.42 13,573.19
      Payables and Expenses 5,605.00 8,461.00 9,470.00 8,590.00 8,734.00 6,471.00 6,162.00 6,339.00 6,576.00 4,859.00 6,716.66 4,848.73 4,817.87
            Account Payables 4,681.00 6,730.00 6,544.00 5,668.00 6,403.00 3,307.00 3,190.00 3,535.00 3,270.00 2,892.00 4,188.47 2,270.43 1,608.64
            Current Accrued Liabilities 842.00 1,731.00 2,926.00 2,922.00 2,331.00 3,164.00 2,972.00 2,804.00 3,306.00 1,967.00 2,528.19 2,578.30 3,209.24
      Short-Term Debt 623.00 605.00 588.00 570.00 552.00 443.00 428.00 385.00 373.00 297.00 268.12 3,649.39 3,472.55
      Other Current Liabilities 14,142.00 11,682.00 14,171.00 12,442.00 11,435.00 5,938.00 6,657.00 7,545.00 7,342.00 6,335.00 6,276.78 8,188.30 5,282.77
   Non-Current Liabilities 13,683.00 13,673.00 13,300.00 13,690.00 13,991.00 6,569.00 6,742.00 7,149.00 7,193.00 8,032.00 8,299.19 1,781.98 1,653.40
      Long-Term Debt 4,960.00 5,122.00 5,280.00 5,436.00 5,583.00 4,945.00 5,062.00 5,387.00 5,488.00 5,754.00 5,842.46 243.62 973.25
      Other Non-Current Liabilities 8,723.00 8,551.00 8,020.00 8,254.00 8,408.00 1,624.00 1,680.00 1,762.00 1,705.00 2,278.00 2,456.73 1,538.37 680.15
Equity 11,534.00 6,752.00 8,176.00 11,432.00 16,223.00 20,031.00 21,920.00 29,293.00 31,929.00 37,906.00 39,423.94 40,349.29 40,229.24
   Shareholders Equity 11,534.00 6,752.00 2,880.00 6,080.00 16,223.00 14,567.00 16,343.00 23,710.00 26,346.00 32,322.00 33,840.17 34,770.85 34,623.92
      Capital Stock 5,359.00 5,382.00 86.00 85.00 5,493.00 82.00 81.00 81.00 81.00 81.00 80.23 79.70 79.30
      Share Premium 584,218.00 572,950.00 570,548.00 567,926.00 565,146.00 556,878.00 554,148.00 546,149.00 543,438.00 535,209.00 532,640.80 524,388.78 522,709.85
      Retained Earnings -577,837.00 -571,374.00 -567,548.00 -561,725.00 -554,210.00 -542,187.00 -537,680.00 -522,314.00 -516,967.00 -502,762.00 -498,674.86 -489,491.63 -487,959.23
      Treasury Shares 206.00 206.00 -206.00 -206.00 206.00 -206.00 -206.00 -206.00 -206.00 -206.00 -206.00 -206.00 -206.00
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 20,041.00 19,844.00 0 0 0 0
Debt 5,583.00 5,727.00 5,868.00 6,006.00 6,135.00 5,388.00 5,490.00 5,772.00 5,861.00 6,051.00 6,110.58 3,893.01 4,445.80
Common Shares Outstanding 91,084.42 86,000.85 0 0 84,709.38 0 0 0 0 0 0 0 0
Preferred Shares Outstanding 0 0 0 0 0 0 0 5,610.12 5,610.12 5,610.12 5,610.12 5,610.12 5,610.12
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Revenues 7,464.00 8,798.00 7,472.00 9,196.00 6,880.00 6,548.00 7,037.00 8,622.56
Cost Of Revenue 3,363.00 4,219.00 3,408.00 5,097.00 2,914.00 2,672.00 2,113.00 2,606.68
Interest Income 91.00 152.00 0 150.00 0 0 0 0
Interest Expense 0 0 0.00 0 0.00 0.00 0.00 4.28
Net Interest 0 0 106.00 0 239.00 572.00 3.00 -4.28
Non-Interest Expense 8,112.00 7,271.00 0 7,990.00 0 0 0 0
Gross Profit 4,101.00 4,579.00 4,064.00 4,099.00 3,966.00 3,876.00 4,924.00 6,015.88
Operating Expenses 10,658.00 8,556.00 9,993.00 10,444.00 8,712.00 9,495.00 9,013.00 7,544.00
   Selling, General and Administrative Expenses 8,112.00 7,271.00 7,643.00 7,990.00 6,469.00 6,749.00 6,566.00 5,176.95
   Research and Development Expenses 2,546.00 1,777.00 2,350.00 2,454.00 2,243.00 2,746.00 2,447.00 2,367.04
   Other Operating Expenses 0 -492.00 0.00 0 0.00 0.00 0.00 0.00
Operating Income -6,557.00 -3,977.00 -5,929.00 -6,345.00 -4,746.00 -5,619.00 -4,089.00 -1,528.12
Net Non-Operating Income 3.00 -1.00 0 5.00 0 0 0 0
EBT -6,463.00 -3,826.00 0 -6,190.00 0 0 0 0
Income Tax 0 0 0.00 0 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -6,463.00 -3,826.00 0 -6,190.00 0 0 0 0
Net Income -6,785.00 -4,144.00 738.00 -6,518.00 -4,507.00 -5,347.00 -4,086.00 -1,532.40
EBIT -6,557.00 -3,977.00 0 -6,345.00 0 0 0 0
Deprecation and Amortization 389.00 401.00 370.00 330.00 140.00 37.00 100.00 26.82
EBITDA -6,168.00 -3,576.00 0 -6,015.00 0 0 0 0
EPS -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 92,013.79 87,952.09 87,769.37 85,824.79 83,476.50 76,500.96 75,877.39 75,175.41
Average Shares Outstanding Diluted 92,013.79 87,952.09 87,769.37 85,824.79 83,476.50 76,500.96 75,877.39 75,175.41
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Operating Cash Flow -4,204.00 -3,733.00 -1,779.00 -4,329.00 -2,346.00 -2,802.00 -2,193.00 -305.17
   Operating Net Income -6,463.00 -3,826.00 -5,823.00 -6,190.00 -4,507.00 -5,347.00 -4,086.00 -1,532.40
   Deprecation and Amortization 389.00 401.00 370.00 330.00 140.00 -37.00 100.00 26.82
   Deferred Income Tax 0 0 0 0 0 0 0 0
   Share Based Compensation 2,503.00 2,367.00 2,535.00 2,569.00 2,589.00 2,655.00 2,514.00 1,370.56
   Change in Working Capital -1,985.00 -2,632.00 637.00 -1,711.00 -571.00 -80.00 -754.00 -752.56
   Other Operating Activities 1,352.00 -43.00 502.00 673.00 3.00 7.00 33.00 582.41
Investing Cash Flow 0 -23.00 0 98.00 0 -349.00 -1,154.00 -34.19
   Capital Expenditure 0 0 0.00 0 0.00 -349.00 -1,154.00 -34.19
   Net Purchase/Sale of PPE 0 -23.00 0 -10.00 0 -349.00 -1,154.00 -34.19
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0
   Other Investing Activities 0 0 0 0 0 349.00 1,154.00 34.19
Financing Cash Flow 7,743.00 34.00 32.00 80.00 30.00 56.00 54.00 281.89
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 7,743.00 34.00 32.00 80.00 30.00 56.00 54.00 281.89
   Dividends Paid 0 0 0 0 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Change in Cash 3,539.00 -3,722.00 -1,747.00 -4,151.00 -2,316.00 -3,095.00 -3,293.00 -57.47
   Cash at Beginning of Period 6,967.00 10,689.00 12,436.00 15,164.00 20,562.00 9,855.00 40,144.00 43,939.51
   Cash at End of Period 10,506.00 6,967.00 10,689.00 11,013.00 18,246.00 6,760.00 36,851.00 43,882.04
Free Cash Flow -4,204.00 -3,756.00 0 -4,339.00 0 -3,151.00 -3,347.00 -339.36