Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -1.05
Price to Sales
Book Value Per Common Share 0.47 0.83 2.65 -0.26 -0.56
Price to Book 1.12
Price to Operating Cash Flow -1.07
Price to Free Cash Flow -1.07
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-06-30 2021-12-31 2021-03-31 2020-12-31
Price to Earnings -8.12 -4.60 -4.95 -7.49 -6.59
Price to Sales 495.00
Book Value Per Common Share 0.42 0.32 0.33 0.47 0.57 0.95 -0.26 -0.23 -0.56
Price to Book 2.12 1.43 1.51 1.12 1.51
Price to Operating Cash Flow -14.76 -5.39 -3.75 -6.10 -7.65
Price to Free Cash Flow -14.76 -5.39 -3.75 -6.10 -7.65
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 -47.97
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-06-30 2021-12-31 2021-03-31 2020-12-31
Earning YoY
Revenue YoY -50.49
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 0.34 0.66 2.14 0.38 0.43
Quick Ratio 1.17 2.80 2.47
Current Ratio 3.56 2.57 1.78 3.00 2.66
Debt to Equity 1.28 0.45 1.18 -3.17 -2.19
Long-Term Debt to Equity 0.95 0.13 0.55 -2.65 -1.87
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-06-30 2021-12-31 2021-03-31 2020-12-31
Cash Per Common Share 0.51 0.20 0.21 0.34 0.42 0.68 0.38 0.57 0.43
Quick Ratio 2.80 4.37 2.47
Current Ratio 6.83 2.93 3.11 3.56 4.42 2.09 3.00 4.59 2.66
Debt to Equity 0.60 1.49 1.68 1.28 1.18 0.70 -3.17 -4.20 -2.19
Long-Term Debt to Equity 0.44 1.10 1.32 0.95 0.89 0.30 -2.65 -3.63 -1.87

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -71.31 -90.20 89.14 -45.06 -60.91
ROE -162.53 -130.43 194.05 97.79 72.43
Gross Margin -33.18 -11.37
Operating Margin -1559.60 -1164.05 -684.45
EBITDA Margin -1511.83 -1094.04 -650.24
Net Profit Margin -2825.96 -1245.53 -745.55
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-06-30 2021-12-31 2021-03-31 2020-12-31
ROA -14.43 -21.13 -17.29 -10.25 -15.96 -24.66 -10.25
ROE -23.13 -52.65 -46.31 -23.37 -34.78 -41.95 32.79
Gross Margin -103.52
Operating Margin -443600.00 -9874.07 -1743.08 -1621.14
EBITDA Margin -443600.00 -9874.07 -1533.07
Net Profit Margin -443600.00 -9603.70 -1727.67 -1752.64

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 2023-06-30 2021-12-31 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 18,236.00 20,395.00 47,487.00 77,893.00 66,295.00
   Current Assets 9,417.00 11,576.00 24,566.00 55,489.00 46,830.00
      Cash and Short-Term Investments 8,863.00 9,381.00 15,770.00 51,630.00 42,886.00
            Cash and Cash Equivalents 8,863.00 5,721.00 15,275.00 12,663.00 27,274.00
            Short-Term Investments 0 3,660.00 495.00 38,967.00 15,612.00
      Net Receivables 0 0 309.00 160.00 635.00
      Inventory 0 0 1,178.00 1,111.00 1,626.00
      Other Current Assets 0 0 7,309.00 2,588.00 1,683.00
   Non-Current Assets 8,819.00 8,819.00 22,921.00 22,404.00 19,465.00
      Property, Plant, Equipment Net 0 0 13,856.00 20,230.00 18,809.00
      Goodwill 0 0 0 0 0
      Intangible Assets 8,819.00 8,819.00 8,819.00 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 19,666.00 20,848.00
      Other Non-Current Assets 0 0 246.00 -17,492.00 -20,192.00
Liabilities 10,235.00 6,290.00 25,673.00 113,786.00 122,045.00
   Current Liabilities 2,647.00 4,512.00 13,770.00 18,509.00 17,635.00
      Payables and Expenses 1,044.00 1,776.00 2,055.00 8,645.00 7,627.00
            Account Payables 670.00 1,336.00 1,256.00 2,121.00 2,737.00
            Current Accrued Liabilities 374.00 440.00 799.00 6,524.00 4,890.00
      Short-Term Debt 0 0 5,363.00 9,864.00 9,853.00
      Other Current Liabilities 0 0 6,352.00 0.00 155.00
   Non-Current Liabilities 7,588.00 1,778.00 11,903.00 95,277.00 104,410.00
      Long-Term Debt 0 0 2,959.00 8,757.00 15,746.00
      Other Non-Current Liabilities 0 0 8,944.00 86,520.00 88,664.00
Equity 8,001.00 14,105.00 21,814.00 -35,893.00 -55,750.00
   Shareholders Equity 8,001.00 14,105.00 21,814.00 -35,893.00 -55,750.00
      Capital Stock 17.00 17.00 8.00 137.00 98.00
      Share Premium 465,214.00 458,314.00 447,635.00 437,554.00 382,637.00
      Retained Earnings -457,230.00 -444,226.00 -425,829.00 -473,584.00 -438,485.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Investments 0 0 0 38,967.00 15,612.00
Debt 0 0 5,363.00 18,621.00 25,599.00
Common Shares Outstanding 17,029.47 16,952.52 8,243.68 136,819.65 98,812.01
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 0 651.00 0 2,818.00 5,416.00
Cost Of Revenue 0 0 2,591.00 3,753.00 6,032.00
Interest Income 679.00 1,416.00 1,502.00 0 0
Interest Expense 394.00 134.00 1,116.00 2,291.00 3,305.00
Non-Interest Expense 8,534.00 11,994.00 17,011.00 0 0
Gross Profit 0 0 -820.00 -935.00 -616.00
Operating Expenses 15,252.00 17,540.00 20,352.00 35,030.00 40,347.00
   Selling, General and Administrative Expenses 8,534.00 11,994.00 17,011.00 30,935.00 36,330.00
   Research and Development Expenses 6,718.00 5,546.00 3,341.00 4,095.00 4,017.00
   Other Operating Expenses 0 0 0 0.00 0.00
Operating Income -15,252.00 -16,889.00 -20,352.00 -35,965.00 -40,963.00
Net Non-Operating Income 0 0 84,052.00 871.00 588.00
EBT -13,004.00 -10,287.00 59,138.00 -35,094.00 -40,375.00
Income Tax 0 0 13.00 5.00 4.00
Net Income Including Non-Controlling Interests -13,004.00 -18,397.00 47,755.00 0 0
Net Income -13,004.00 -18,397.00 42,329.00 -35,099.00 -40,379.00
EBIT -12,610.00 -10,153.00 60,254.00 -32,803.00 -37,070.00
Deprecation and Amortization 0 311.00 1,647.00 1,973.00 1,853.00
EBITDA -12,610.00 -9,842.00 61,901.00 -30,830.00 -35,217.00
EPS -0.00 -0.00 0.01 0 0
Diluted EPS -0.00 -0.00 0.01 0 0
Average Shares Outstanding Basic 25,846.00 14,263.74 7,385.35 0 0
Average Shares Outstanding Diluted 25,846.00 14,263.74 7,406.99 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -12,683.00 -17,492.00 -28,331.00 -30,002.00 -38,505.00
   Operating Net Income -13,004.00 -18,397.00 47,755.00 -35,099.00 -40,379.00
   Deprecation and Amortization 0 311.00 1,647.00 1,973.00 1,853.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 989.00 1,729.00 2,889.00 4,609.00 4,424.00
   Change in Working Capital -224.00 -1,541.00 -1,390.00 203.00 -1,402.00
   Other Operating Activities -444.00 406.00 -79,232.00 -1,688.00 -3,001.00
Investing Cash Flow 3,781.00 -528.00 36,450.00 -26,123.00 34,139.00
   Capital Expenditure 0 0 0 -1,827.00 -1,855.00
   Net Purchase/Sale of PPE 0 -100.00 -364.00 -2,648.00 -1,855.00
   Net Purchase/Sale of Investments Net 3,781.00 -3,151.00 38,501.00 46,984.00 35,994.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0.00 2,723.00 -1,687.00 -68,632.00 1,855.00
Financing Cash Flow 12,044.00 3,466.00 -507.00 41,514.00 16,956.00
   Net Issuance/Repayment of Debt 0 -5,416.00 -8,433.00 -8,833.00 -4,667.00
   Net Issuance/Repurchase of Equity 0 8,856.00 7,910.00 50,278.00 21,337.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0 26.00 16.00 69.00 286.00
Net Change in Cash 3,142.00 -14,554.00 7,612.00 -14,611.00 12,590.00
   Cash at Beginning of Period 5,721.00 20,275.00 12,663.00 27,274.00 14,684.00
   Cash at End of Period 8,863.00 5,721.00 20,275.00 12,663.00 27,274.00
Free Cash Flow -12,683.00 -17,592.00 -28,695.00 -31,829.00 -40,360.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-06-30 2021-12-31 2021-03-31 2020-12-31
Assets 30,742.00 16,515.00 14,995.00 18,236.00 21,014.00 17,725.00 77,893.00 87,347.00 66,295.00
   Current Assets 21,923.00 7,696.00 6,176.00 9,417.00 12,195.00 8,836.00 55,489.00 71,315.00 46,830.00
      Cash and Short-Term Investments 21,289.00 6,791.00 5,388.00 8,863.00 11,117.00 7,410.00 51,630.00 67,345.00 42,886.00
            Cash and Cash Equivalents 3,457.00 6,791.00 5,388.00 8,863.00 11,117.00 7,410.00 12,663.00 34,363.00 27,274.00
            Short-Term Investments 17,832.00 0 0 0 0 0 38,967.00 32,982.00 15,612.00
      Net Receivables 0 0 0 0 0 0 160.00 658.00 635.00
      Inventory 0 0 0 0 0 0 1,111.00 1,419.00 1,626.00
      Other Current Assets 634.00 905.00 788.00 554.00 1,078.00 1,426.00 2,588.00 1,893.00 1,683.00
   Non-Current Assets 8,819.00 8,819.00 8,819.00 8,819.00 8,819.00 8,889.00 22,404.00 16,032.00 19,465.00
      Property, Plant, Equipment Net 0 0 0 0 0 0 20,230.00 15,962.00 18,809.00
      Goodwill 0 0 0 0 0 0 0 0 0
      Intangible Assets 8,819.00 8,819.00 8,819.00 8,819.00 8,819.00 8,819.00 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 19,666.00 0 20,848.00
      Other Non-Current Assets 0.00 0.00 0.00 0.00 0.00 70.00 -17,492.00 70.00 -20,192.00
Liabilities 11,565.00 9,888.00 9,396.00 10,235.00 11,373.00 7,306.00 113,786.00 114,659.00 122,045.00
   Current Liabilities 3,212.00 2,630.00 1,989.00 2,647.00 2,762.00 4,220.00 18,509.00 15,544.00 17,635.00
      Payables and Expenses 2,562.00 1,980.00 1,339.00 1,044.00 2,039.00 3,065.00 8,645.00 6,480.00 7,627.00
            Account Payables 526.00 835.00 326.00 670.00 396.00 1,212.00 2,121.00 3,235.00 2,737.00
            Current Accrued Liabilities 2,036.00 1,145.00 1,013.00 374.00 1,643.00 1,853.00 6,524.00 3,245.00 4,890.00
      Short-Term Debt 0 0 0 0 0 0 9,864.00 9,032.00 9,853.00
      Other Current Liabilities 650.00 650.00 650.00 1,603.00 723.00 1,155.00 0.00 32.00 155.00
   Non-Current Liabilities 8,353.00 7,258.00 7,407.00 7,588.00 8,611.00 3,086.00 95,277.00 99,115.00 104,410.00
      Long-Term Debt 0 0 0 0 0 0 8,757.00 11,337.00 15,746.00
      Other Non-Current Liabilities 8,353.00 7,258.00 7,407.00 7,588.00 8,611.00 0 86,520.00 87,778.00 88,664.00
Equity 19,177.00 6,627.00 5,599.00 8,001.00 9,641.00 10,419.00 -35,893.00 -27,312.00 -55,750.00
   Shareholders Equity 19,177.00 6,627.00 5,599.00 8,001.00 9,641.00 10,419.00 -35,893.00 -27,312.00 -55,750.00
      Capital Stock 46.00 20.00 17.00 17.00 17.00 11.00 137.00 118.00 98.00
      Share Premium 486,879.00 469,919.00 465,405.00 465,214.00 464,984.00 448,760.00 437,554.00 420,011.00 382,637.00
      Retained Earnings -467,748.00 -463,312.00 -459,823.00 -457,230.00 -455,360.00 -438,352.00 -473,584.00 -447,441.00 -438,485.00
      Treasury Shares 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 38,967.00 32,982.00 15,612.00
Debt 0 0 0 0 0 0 18,621.00 20,369.00 25,599.00
Common Shares Outstanding 45,585.73 20,522.65 17,098.35 17,029.47 17,026.31 10,994.10 136,819.65 119,103.00 98,812.01
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-06-30 2021-03-31
Revenues 1.00 0 27.00 0 0 253.00 511.00
Cost Of Revenue 0 0 0 0 0 0 1,040.00
Interest Income 81.00 83.00 69.00 103.00 155.00 0 0
Interest Expense 0 0 0 0 0 15.00 672.00
Non-Interest Expense 1,620.00 2,193.00 1,774.00 1,673.00 1,696.00 0 0
Gross Profit 0 0 0 0 0 0 -529.00
Operating Expenses 3,423.00 3,693.00 2,943.00 2,996.00 3,749.00 0 8,613.00
   Selling, General and Administrative Expenses 1,620.00 2,193.00 1,774.00 1,673.00 1,696.00 2,670.00 7,644.00
   Research and Development Expenses 1,803.00 1,500.00 1,169.00 1,323.00 2,053.00 1,552.00 969.00
   Other Operating Expenses 0 0 0 0 0 0 0.00
Operating Income -3,422.00 -3,693.00 -2,916.00 -2,996.00 -3,749.00 -3,969.00 -9,142.00
Net Non-Operating Income 0 0 0 0 0 -456.00 186.00
EBT -4,436.00 -3,489.00 -2,666.00 -1,870.00 -3,353.00 -4,425.00 -8,956.00
Income Tax 0 0 0 0 0 3.00 0.00
Net Income Including Non-Controlling Interests -4,436.00 -3,489.00 -2,593.00 -1,870.00 -3,353.00 0 0
Net Income -4,436.00 -3,489.00 -2,593.00 -1,870.00 -3,353.00 -4,371.00 -8,956.00
EBIT -4,436.00 -3,489.00 -2,666.00 -1,870.00 -3,353.00 -4,410.00 -8,284.00
Deprecation and Amortization 0 0 0 0 0 0.00 450.00
EBITDA -4,436.00 -3,489.00 -2,666.00 -1,870.00 -3,353.00 0 -7,834.00
EPS -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 41,453.38 34,530.38 26,268.21 26,238.00 26,212.90 10,924.29 0
Average Shares Outstanding Diluted 41,453.38 34,530.38 26,268.21 26,238.00 26,212.90 10,924.29 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-06-30 2021-03-31
Operating Cash Flow -2,510.00 -2,948.00 -3,470.00 -2,254.00 -2,936.00 0 -9,708.00
   Operating Net Income -4,436.00 -3,489.00 -2,593.00 -1,870.00 -3,353.00 -4,371.00 -8,956.00
   Deprecation and Amortization 0 0 0 0 0 0 450.00
   Deferred Income Tax 0 0 0 0 0 0 0
   Share Based Compensation 152.00 166.00 196.00 230.00 234.00 0 1,089.00
   Change in Working Capital 697.00 523.00 -892.00 409.00 424.00 0 -991.00
   Other Operating Activities 0 0 0 -1,023.00 -241.00 0 -1,300.00
Investing Cash Flow -17,815.00 0 0 0 600.00 0 -17,425.00
   Capital Expenditure 0 0 0 0 0 0.00 -24.00
   Net Purchase/Sale of PPE 0 0 0 0 0 0 -24.00
   Net Purchase/Sale of Investments Net -17,815.00 0 0 0 600.00 0 -17,401.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0
   Other Investing Activities 0 0 0 0 0.00 0 24.00
Financing Cash Flow 16,991.00 4,351.00 -5.00 0 30.00 0 34,222.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 -2,083.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 36,360.00
   Dividends Paid 0 0 0 0 0 0 0
   Other Financing Activities 0 0 0 0 0 0 -55.00
Net Change in Cash -3,334.00 1,403.00 -3,475.00 -2,254.00 -2,306.00 0 7,089.00
   Cash at Beginning of Period 6,791.00 5,388.00 8,863.00 11,117.00 13,423.00 0 27,274.00
   Cash at End of Period 3,457.00 6,791.00 5,388.00 8,863.00 11,117.00 7,410.00 34,363.00
Free Cash Flow -2,510.00 -2,948.00 -3,470.00 -2,254.00 -2,936.00 0 -9,732.00