Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -1.09 -1.93 -0.73
Price to Sales
Book Value Per Common Share 1.07 2.04 3.64 6.75
Price to Book 1.33 1.59 0.55 2.81
Price to Operating Cash Flow -1.34 -2.34 -0.86 -12.87
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 2021-12-31
Price to Earnings -3.38 -1.65 -2.38 -1.86 -4.19 -13.08 -1.99 -6.60 -6.63 -1.33
Price to Sales
Book Value Per Common Share 0.57 0.73 1.09 1.07 1.34 1.61 1.95 2.04 2.24 2.59 2.95 3.64 4.75 6.75
Price to Book 2.85 0.84 0.52 1.33 1.44 1.93 2.68 1.59 1.14 2.26 0.97 0.55 0.61 2.81
Price to Operating Cash Flow -4.34 -2.15 -2.71 -2.26 -4.94 -14.78 -2.34 -7.61 -6.88 -1.47
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY
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 2021-12-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.72 1.42 4.56 6.09
Quick Ratio
Current Ratio 4.22 4.91 7.99 11.73
Debt to Equity 0.29 0.22 0.15 0.13
Long-Term Debt to Equity 0.12 0.06 0.05 0.05
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 2021-12-31
Cash Per Common Share 0.39 0.53 0.80 0.71 0.94 1.19 1.51 1.53 1.74 2.07 2.37 3.05 3.62 6.09
Quick Ratio
Current Ratio 4.64 6.00 6.68 4.22 5.27 6.28 6.72 4.91 6.55 6.64 8.01 7.99 8.87 11.73
Debt to Equity 0.27 0.22 0.21 0.29 0.25 0.22 0.17 0.22 0.17 0.16 0.14 0.15 0.15 0.13
Long-Term Debt to Equity 0.11 0.10 0.09 0.12 0.10 0.09 0.05 0.06 0.06 0.05 0.05 0.05 0.06 0.05

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -92.65 -72.77 -44.33 -23.15
ROE -119.68 -89.00 -50.81 -26.11
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin
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 2021-12-31
ROA -67.08 -41.05 -18.66 -62.09 -37.78 -17.43 -48.68 -29.45 -12.94 -39.83
ROE -84.98 -50.23 -22.50 -77.52 -46.02 -20.37 -57.10 -34.22 -14.73 -45.92
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
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 2021-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 119,940.00 170,515.00 278,945.00 314,189.00
   Current Assets 67,375.00 111,582.00 193,754.00 255,358.00
      Cash and Short-Term Investments 61,400.00 104,600.00 204,200.00 251,300.00
            Cash and Cash Equivalents 4,323.00 45,681.00 95,272.00 38,129.00
            Short-Term Investments 57,123.00 58,961.00 91,255.00 213,171.00
      Net Receivables 0 0 0 0
      Inventory 0 0 0 0
      Other Current Assets 5,975.00 6,982.00 -10,446.00 4,058.00
   Non-Current Assets 52,565.00 58,933.00 85,191.00 58,831.00
      Property, Plant, Equipment Net 47,748.00 53,256.00 62,695.00 54,705.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 17,703.00 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 4,817.00 5,677.00 4,793.00 4,126.00
Liabilities 27,086.00 31,091.00 35,569.00 35,663.00
   Current Liabilities 15,975.00 22,733.00 24,248.00 21,774.00
      Payables and Expenses 13,197.00 18,414.00 20,242.00 19,780.00
            Account Payables 5,162.00 5,630.00 9,578.00 10,721.00
            Current Accrued Liabilities 8,035.00 12,784.00 10,664.00 9,059.00
      Short-Term Debt 2,778.00 4,319.00 4,006.00 1,994.00
      Other Current Liabilities 0.00 0.00 0.00 0.00
   Non-Current Liabilities 11,111.00 8,358.00 11,321.00 13,889.00
      Long-Term Debt 10,830.00 8,105.00 11,093.00 13,707.00
      Other Non-Current Liabilities 281.00 253.00 228.00 182.00
Equity 92,854.00 139,424.00 243,376.00 278,526.00
   Shareholders Equity 92,854.00 139,424.00 243,376.00 278,526.00
      Capital Stock 8.00 7.00 7.00 4.00
      Share Premium 607,229.00 542,805.00 522,945.00 434,196.00
      Retained Earnings -514,411.00 -403,282.00 -279,198.00 -155,533.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 28.00 -106.00 -378.00 -141.00
   Minority Interest 0 0 0 0
Investments 57,123.00 58,961.00 108,958.00 213,171.00
Debt 13,608.00 12,424.00 15,099.00 15,701.00
Common Shares Outstanding 86,542.34 68,330.34 66,857.11 41,291.37
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Expenses 115,948.00 131,193.00 125,621.00 72,806.00
   Selling, General and Administrative Expenses 29,206.00 33,155.00 31,084.00 18,413.00
   Research and Development Expenses 86,742.00 98,038.00 94,537.00 54,393.00
   Other Operating Expenses 0.00 0.00 0.00 0.00
Operating Income -115,948.00 -131,193.00 -125,621.00 -72,806.00
Net Non-Operating Income 4,819.00 7,109.00 1,956.00 85.00
Interest Expense 0.00 0.00 0.00 0.00
Net Interest 4,737.00 7,056.00 1,954.00 108.00
EBT -111,129.00 -124,084.00 -123,665.00 -72,721.00
Income Tax 0.00 0.00 0.00 0.00
Net Income -111,129.00 -124,084.00 -123,665.00 -72,721.00
EBIT -111,129.00 -124,084.00 -123,665.00 -72,721.00
Deprecation and Amortization 11,859.00 11,819.00 8,713.00 2,961.00
EBITDA -99,270.00 -112,265.00 -114,952.00 -69,760.00
EPS -0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 84,822.47 73,786.13 44,823.60 0
Average Shares Outstanding Diluted 84,822.47 73,786.13 44,823.60 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -90,501.00 -102,072.00 -104,424.00 -60,812.00
   Operating Net Income -111,129.00 -124,084.00 -123,665.00 -72,721.00
   Deprecation and Amortization 11,859.00 11,819.00 8,713.00 2,961.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 16,501.00 15,309.00 11,467.00 2,950.00
   Change in Working Capital -5,355.00 -6,803.00 -633.00 10,405.00
   Other Operating Activities -2,377.00 1,687.00 -306.00 -4,407.00
Investing Cash Flow 1,131.00 48,715.00 83,652.00 -238,564.00
   Capital Expenditure 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 1,025.00 1,239.00 20,630.00 25,121.00
   Net Purchase/Sale of Investments Net 168,263.00 163,292.00 385,218.00 213,443.00
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities -168,157.00 -115,816.00 -322,196.00 -477,128.00
Financing Cash Flow 47,749.00 4,049.00 77,767.00 208,970.00
   Net Issuance/Repayment of Debt 0 0 0 0
   Net Issuance/Repurchase of Equity 46,762.00 3,868.00 77,387.00 208,909.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 987.00 181.00 380.00 61.00
Net Change in Cash -41,621.00 -49,308.00 56,995.00 -90,406.00
   Cash at Beginning of Period 46,363.00 95,671.00 38,676.00 129,082.00
   Cash at End of Period 4,742.00 46,363.00 95,671.00 38,676.00
Free Cash Flow 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
Assets 104,980.00 122,151.00 143,952.00 119,940.00 140,582.00 163,185.00 184,899.00 170,515.00 193,397.00 220,754.00 245,341.00 278,945.00 226,310.00 255,929.00 281,497.00 314,189.00 331,794.00 156,895.00
   Current Assets 61,239.00 75,875.00 94,485.00 67,375.00 85,330.00 105,029.00 128,699.00 111,582.00 126,828.00 138,906.00 154,628.00 193,754.00 157,067.00 185,693.00 213,782.00 255,358.00 284,822.00 113,222.00
      Cash and Short-Term Investments 56,300.00 71,700.00 88,200.00 61,400.00 79,500.00 99,300.00 122,200.00 104,600.00 128,100.00 151,600.00 173,600.00 204,200.00 149,500.00 180,900.00 213,500.00 251,300.00 280,500.00 111,886.00
            Cash and Cash Equivalents 56,312.00 62,671.00 53,772.00 4,323.00 8,231.00 58,134.00 59,303.00 45,681.00 82,153.00 75,565.00 72,542.00 95,272.00 67,836.00 61,021.00 25,970.00 38,129.00 117,077.00 111,886.00
            Short-Term Investments 0 8,996.00 34,386.00 57,123.00 71,238.00 41,169.00 62,946.00 58,961.00 39,600.00 56,940.00 75,271.00 91,255.00 114,956.00 149,906.00 184,484.00 213,171.00 163,388.00 0
      Net Receivables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 4,939.00 4,175.00 6,285.00 5,975.00 5,830.00 5,729.00 6,499.00 6,982.00 -1,272.00 -12,694.00 -18,972.00 -10,446.00 7,567.00 4,793.00 282.00 4,058.00 4,322.00 1,336.00
   Non-Current Assets 43,741.00 46,276.00 49,467.00 52,565.00 55,252.00 58,156.00 56,200.00 58,933.00 66,569.00 81,848.00 90,713.00 85,191.00 69,243.00 70,236.00 67,715.00 58,831.00 46,972.00 43,673.00
      Property, Plant, Equipment Net 39,497.00 41,967.00 44,654.00 47,748.00 50,379.00 53,093.00 50,573.00 53,256.00 54,468.00 57,172.00 60,261.00 62,695.00 64,593.00 66,127.00 60,737.00 54,705.00 42,897.00 37,225.00
      Goodwill 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
      Long-Term Investments 0 0 0 0 0 0 0 0 6,367.00 19,136.00 25,822.00 17,703.00 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 4,244.00 4,309.00 4,813.00 4,817.00 4,873.00 5,063.00 5,627.00 5,677.00 5,734.00 5,540.00 4,630.00 4,793.00 4,650.00 4,109.00 6,978.00 4,126.00 4,075.00 6,448.00
Liabilities 22,112.00 22,323.00 24,556.00 27,086.00 27,980.00 29,188.00 26,719.00 31,091.00 28,513.00 30,814.00 29,929.00 35,569.00 29,982.00 32,062.00 32,400.00 35,663.00 28,095.00 24,696.00
   Current Liabilities 13,210.00 12,654.00 14,152.00 15,975.00 16,177.00 16,712.00 19,158.00 22,733.00 19,377.00 20,917.00 19,305.00 24,248.00 17,716.00 18,741.00 19,095.00 21,774.00 13,692.00 9,800.00
      Payables and Expenses 10,284.00 9,820.00 11,358.00 13,197.00 13,166.00 13,349.00 15,094.00 18,414.00 16,223.00 17,470.00 15,575.00 20,242.00 13,700.00 14,845.00 17,020.00 19,780.00 11,778.00 8,163.00
            Account Payables 2,843.00 3,297.00 5,064.00 5,162.00 5,839.00 4,319.00 6,659.00 5,630.00 5,902.00 8,484.00 7,430.00 9,578.00 5,312.00 5,347.00 8,888.00 10,721.00 6,171.00 5,020.00
            Current Accrued Liabilities 7,441.00 6,523.00 6,294.00 8,035.00 7,327.00 9,030.00 8,435.00 12,784.00 10,321.00 8,986.00 8,145.00 10,664.00 8,388.00 9,498.00 8,132.00 9,059.00 5,607.00 3,143.00
      Short-Term Debt 2,926.00 2,834.00 2,794.00 2,778.00 3,011.00 3,363.00 4,064.00 4,319.00 3,154.00 3,447.00 3,730.00 4,006.00 4,016.00 3,896.00 2,075.00 1,994.00 1,914.00 1,637.00
      Other Current Liabilities 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
   Non-Current Liabilities 8,902.00 9,669.00 10,404.00 11,111.00 11,803.00 12,476.00 7,561.00 8,358.00 9,136.00 9,897.00 10,624.00 11,321.00 12,266.00 13,321.00 13,305.00 13,889.00 14,403.00 14,896.00
      Long-Term Debt 8,601.00 9,376.00 10,117.00 10,830.00 11,527.00 12,210.00 7,302.00 8,105.00 8,890.00 9,657.00 10,390.00 11,093.00 12,043.00 13,104.00 13,093.00 13,707.00 14,307.00 14,893.00
      Other Non-Current Liabilities 301.00 293.00 287.00 281.00 276.00 266.00 259.00 253.00 246.00 240.00 234.00 228.00 223.00 217.00 212.00 182.00 96.00 3.00
Equity 82,868.00 99,828.00 119,396.00 92,854.00 112,602.00 133,997.00 158,180.00 139,424.00 164,884.00 189,940.00 215,412.00 243,376.00 196,328.00 223,867.00 249,097.00 278,526.00 303,699.00 132,199.00
   Shareholders Equity 82,868.00 99,828.00 119,396.00 92,854.00 112,602.00 133,997.00 158,180.00 139,424.00 164,884.00 189,940.00 215,412.00 243,376.00 196,328.00 223,867.00 249,097.00 278,526.00 303,699.00 -217,072.00
      Capital Stock 16.00 16.00 16.00 8.00 8.00 8.00 8.00 7.00 7.00 7.00 7.00 7.00 4.00 4.00 4.00 4.00 4.00 0
      Share Premium 667,685.00 664,371.00 660,665.00 607,229.00 603,093.00 598,997.00 593,802.00 542,805.00 538,485.00 534,470.00 526,460.00 522,945.00 442,773.00 439,588.00 436,313.00 434,196.00 433,112.00 2,596.00
      Retained Earnings -584,833.00 -564,558.00 -541,275.00 -514,411.00 -490,575.00 -464,941.00 -435,510.00 -403,282.00 -373,347.00 -344,204.00 -310,935.00 -279,198.00 -245,682.00 -214,986.00 -186,589.00 -155,533.00 -129,382.00 -111,120.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 -1.00 -10.00 28.00 76.00 -67.00 -120.00 -106.00 -261.00 -333.00 -120.00 -378.00 -767.00 -739.00 -631.00 -141.00 -23.00 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 8,996.00 34,386.00 57,123.00 71,238.00 41,169.00 62,946.00 58,961.00 45,967.00 76,076.00 101,093.00 108,958.00 114,956.00 149,906.00 184,484.00 213,171.00 163,388.00 0
Debt 11,527.00 12,210.00 12,911.00 13,608.00 14,538.00 15,573.00 11,366.00 12,424.00 12,044.00 13,104.00 14,120.00 15,099.00 16,059.00 17,000.00 15,168.00 15,701.00 16,221.00 16,530.00
Common Shares Outstanding 0 0 0 86,542.34 0 0 0 68,330.34 0 0 0 66,857.11 0 0 0 41,291.37 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 2021-09-30 2021-06-30
Operating Expenses 72,556.00 51,620.00 27,538.00 -73,695.00 91,296.00 64,585.00 33,762.00 -71,104.00 99,747.00 68,827.00 33,723.00 -56,377.00 91,071.00 59,773.00 31,154.00 46,642.00 28,342.00
   Selling, General and Administrative Expenses 18,747.00 13,174.00 6,462.00 -19,624.00 23,242.00 16,881.00 8,707.00 -16,282.00 24,574.00 16,745.00 8,118.00 -12,939.00 22,282.00 14,742.00 6,999.00 13,202.00 7,846.00
   Research and Development Expenses 53,809.00 38,446.00 21,076.00 -54,071.00 68,054.00 47,704.00 25,055.00 -54,822.00 75,173.00 52,082.00 25,605.00 -43,438.00 68,789.00 45,031.00 24,155.00 33,440.00 20,496.00
   Other Operating Expenses 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
Operating Income -72,556.00 -51,620.00 -27,538.00 73,695.00 -91,296.00 -64,585.00 -33,762.00 71,104.00 -99,747.00 -68,827.00 -33,723.00 56,377.00 -91,071.00 -59,773.00 -31,154.00 -46,642.00 -28,342.00
Net Non-Operating Income 2,134.00 1,473.00 674.00 -3,644.00 4,003.00 2,926.00 1,534.00 -4,296.00 5,598.00 3,821.00 1,986.00 616.00 922.00 320.00 98.00 72.00 34.00
Interest Expense 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 Interest 2,107.00 1,449.00 635.00 -3,485.00 3,925.00 2,845.00 1,452.00 -4,313.00 5,586.00 3,810.00 1,973.00 617.00 917.00 321.00 99.00 41.00 18.00
EBT -70,422.00 -50,147.00 -26,864.00 70,051.00 -87,293.00 -61,659.00 -32,228.00 66,808.00 -94,149.00 -65,006.00 -31,737.00 56,993.00 -90,149.00 -59,453.00 -31,056.00 -46,570.00 -28,308.00
Income Tax 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 Income -70,422.00 -50,147.00 -26,864.00 70,051.00 -87,293.00 -61,659.00 -32,228.00 66,808.00 -94,149.00 -65,006.00 -31,737.00 56,993.00 -90,149.00 -59,453.00 -31,056.00 -46,570.00 -28,308.00
EBIT -70,422.00 -50,147.00 -26,864.00 70,051.00 -87,293.00 -61,659.00 -32,228.00 66,808.00 -94,149.00 -65,006.00 -31,737.00 56,993.00 -90,149.00 -59,453.00 -31,056.00 -46,570.00 -28,308.00
Deprecation and Amortization 8,442.00 5,953.00 3,257.00 -6,035.00 9,034.00 5,903.00 2,957.00 -5,752.00 8,832.00 5,855.00 2,884.00 -1,503.00 5,860.00 3,058.00 1,298.00 2,170.00 1,424.00
EBITDA -61,980.00 -44,194.00 -23,607.00 64,016.00 -78,259.00 -55,756.00 -29,271.00 61,056.00 -85,317.00 -59,151.00 -28,853.00 55,490.00 -84,289.00 -56,395.00 -29,758.00 -44,400.00 -26,884.00
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 0 0 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 0 0 0
Average Shares Outstanding Basic 145,531.49 136,476.62 109,869.28 90,672.38 84,290.75 83,344.41 80,982.33 75,217.71 73,579.20 73,249.70 73,097.89 137,984.58 41,309.81 0 0 0 0
Average Shares Outstanding Diluted 145,531.49 136,476.62 109,869.28 90,672.38 84,290.75 83,344.41 80,982.33 75,217.71 73,579.20 73,249.70 73,097.89 137,984.58 41,309.81 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 2021-09-30 2021-06-30
Operating Cash Flow -54,324.00 -38,725.00 -23,112.00 62,549.00 -72,113.00 -52,277.00 -28,660.00 64,876.00 -80,148.00 -56,510.00 -30,290.00 60,260.00 -81,742.00 -54,186.00 -28,756.00 -44,465.00 -27,808.00
   Operating Net Income -70,422.00 -50,147.00 -26,864.00 70,051.00 -87,293.00 -61,659.00 -32,228.00 66,808.00 -94,149.00 -65,006.00 -31,737.00 56,993.00 -90,149.00 -59,453.00 -31,056.00 -46,570.00 -28,308.00
   Deprecation and Amortization 8,442.00 5,953.00 3,257.00 -6,035.00 9,034.00 5,903.00 2,957.00 -5,752.00 8,832.00 5,855.00 2,884.00 -1,503.00 5,860.00 3,058.00 1,298.00 2,170.00 1,424.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 10,301.00 7,367.00 3,731.00 -9,300.00 12,742.00 8,835.00 4,224.00 -6,910.00 11,360.00 7,345.00 3,514.00 -4,013.00 8,280.00 5,106.00 2,094.00 1,902.00 934.00
   Change in Working Capital -4,615.00 -3,420.00 -1,080.00 1,813.00 -3,668.00 -3,664.00 164.00 2,529.00 -5,374.00 -1,492.00 -2,466.00 8,154.00 -3,265.00 -3,187.00 -2,335.00 4,706.00 3,556.00
   Other Operating Activities 1,970.00 1,522.00 -2,156.00 6,020.00 -2,928.00 -1,692.00 -3,777.00 8,201.00 -817.00 -3,212.00 -2,485.00 629.00 -2,468.00 290.00 1,243.00 -6,673.00 -5,414.00
Investing Cash Flow 56,150.00 47,290.00 22,302.00 1,466.00 -12,972.00 17,126.00 -4,489.00 -56,126.00 63,634.00 33,146.00 8,061.00 -57,104.00 77,678.00 46,644.00 16,434.00 -175,984.00 -7,559.00
   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
   Net Purchase/Sale of PPE 551.00 525.00 383.00 -997.00 821.00 637.00 564.00 -1,072.00 845.00 837.00 629.00 -23,571.00 19,835.00 15,771.00 8,595.00 12,567.00 7,559.00
   Net Purchase/Sale of Investments Net 56,701.00 47,815.00 22,685.00 -119,682.00 157,931.00 86,655.00 43,359.00 -159,492.00 146,489.00 115,985.00 60,310.00 -233,825.00 314,987.00 192,685.00 111,371.00 163,417.00 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -1,102.00 -1,050.00 -766.00 122,145.00 -171,724.00 -70,166.00 -48,412.00 104,438.00 -83,700.00 -83,676.00 -52,878.00 200,292.00 -257,144.00 -161,812.00 -103,532.00 -351,968.00 -15,118.00
Financing Cash Flow 50,163.00 49,783.00 50,259.00 -93,735.00 47,372.00 47,341.00 46,771.00 -2,806.00 3,678.00 3,678.00 -501.00 77,196.00 281.00 275.00 15.00 208,991.00 18,717.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 50,069.00 49,713.00 50,259.00 -93,524.00 46,762.00 46,762.00 46,762.00 -11,668.00 7,768.00 7,768.00 0 77,372.00 0 0 15.00 208,942.00 20,051.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 94.00 70.00 0.00 -211.00 610.00 579.00 9.00 8,862.00 -4,090.00 -4,090.00 -501.00 -176.00 281.00 275.00 0.00 49.00 -1,334.00
Net Change in Cash 51,989.00 58,348.00 49,449.00 -29,720.00 -37,713.00 12,190.00 13,622.00 5,944.00 -12,836.00 -19,686.00 -22,730.00 80,352.00 -3,783.00 -7,267.00 -12,307.00 -11,458.00 -16,650.00
   Cash at Beginning of Period 4,742.00 4,742.00 4,742.00 34,462.00 46,363.00 46,363.00 46,363.00 40,419.00 95,671.00 95,671.00 95,671.00 15,319.00 38,676.00 38,676.00 38,676.00 129,082.00 129,083.00
   Cash at End of Period 56,731.00 63,090.00 54,191.00 4,742.00 8,650.00 58,553.00 59,985.00 46,363.00 82,835.00 75,985.00 72,941.00 95,671.00 34,893.00 31,409.00 26,369.00 117,624.00 112,433.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0