Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -9.21 -8.55 -5.76 -7.37
Price to Sales
Book Value Per Common Share 6.76 4.75 6.09 7.28
Price to Book 2.06 2.92 1.25 1.93
Price to Operating Cash Flow -11.40 -11.80 -6.33 -8.17
Price to Free Cash Flow -11.29 -11.62 -6.26 -7.94
Enterprise Value to EBITDA
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
Price to Earnings -27.98 -20.36 -19.79 -57.34 -46.86 -57.39
Price to Sales
Book Value Per Common Share 5.26 5.68 6.09 6.76 6.85 7.43 4.75 5.85 6.09 6.98
Price to Book 2.66 1.69 1.53 2.06 3.43 2.21 2.92 2.75 1.25 1.53
Price to Operating Cash Flow -37.30 -24.07 -21.68 -77.34 -38.88 -69.18 -50.00
Price to Free Cash Flow -37.24 -24.03 -21.66 -77.11 -38.64 -68.91 -48.68
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 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31
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 1.61 1.36 6.00 21.93
Quick Ratio
Current Ratio 23.81 13.80 45.13 84.09
Debt to Equity 0.06 0.11 0.03 0.02
Long-Term Debt to Equity 0.02 0.03 0.01 0.00
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
Cash Per Common Share 4.61 4.98 1.70 1.81 6.12 4.87 1.35 5.70 5.93 7.01
Quick Ratio
Current Ratio 17.71 21.94 22.78 23.81 29.55 44.83 13.80 67.00 45.13 59.99
Debt to Equity 0.08 0.06 0.06 0.06 0.05 0.04 0.11 0.03 0.03 0.03
Long-Term Debt to Equity 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.01 0.01 0.01

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -23.79 -30.61 -20.78 -8.57
ROE -25.20 -33.85 -21.46 -8.71
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 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31
ROA -9.89 -8.74 -8.19 -6.31 -4.49 -4.66 -4.96
ROE -10.65 -9.30 -8.70 -6.63 -4.67 -4.78 -5.09
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 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 363,558.00 225,857.00 266,181.00 306,701.00
   Current Assets 347,463.00 211,671.00 257,288.00 304,057.00
      Cash and Short-Term Investments 91,966.00 58,006.00 251,213.00 302,182.00
            Cash and Cash Equivalents 91,966.00 58,006.00 251,213.00 302,182.00
            Short-Term Investments 0 0 0 0
      Net Receivables 0 0 0 0
      Inventory 0 0 0 0
      Other Current Assets 255,497.00 153,665.00 6,075.00 1,875.00
   Non-Current Assets 16,095.00 14,186.00 8,893.00 2,644.00
      Property, Plant, Equipment Net 1,651.00 1,628.00 1,077.00 2,089.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 14,444.00 12,558.00 7,816.00 0
Liabilities 20,407.00 21,595.00 8,352.00 4,964.00
   Current Liabilities 14,594.00 15,333.00 5,701.00 3,616.00
      Payables and Expenses 14,182.00 15,053.00 5,561.00 3,414.00
            Account Payables 590.00 4,662.00 1,145.00 599.00
            Current Accrued Liabilities 13,592.00 10,391.00 4,416.00 2,815.00
      Short-Term Debt 412.00 280.00 140.00 202.00
      Other Current Liabilities 0.00 0.00 0.00 0.00
   Non-Current Liabilities 5,813.00 6,262.00 2,651.00 1,348.00
      Long-Term Debt 5,810.00 6,216.00 2,482.00 981.00
      Other Non-Current Liabilities 3.00 46.00 169.00 367.00
Equity 343,151.00 204,262.00 257,829.00 301,737.00
   Shareholders Equity 343,151.00 204,262.00 257,829.00 301,737.00
      Capital Stock 5.00 4.00 4.00 4.00
      Share Premium 593,687.00 368,707.00 353,521.00 342,104.00
      Retained Earnings -251,311.00 -164,830.00 -95,696.00 -40,371.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 770.00 381.00 0 0
   Minority Interest 0 0 0 0
Investments 249,475.00 145,463.00 0 0
Debt 6,222.00 6,496.00 2,622.00 1,183.00
Common Shares Outstanding 50,749.94 43,024.63 42,353.55 41,441.14
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Interest Income 0 0 0 13.00
Interest Expense 0.00 0.00 0.00 0
Non-Interest Expense 0 0 0 5,652.00
Operating Expenses 104,177.00 79,945.00 58,927.00 26,288.00
   Selling, General and Administrative Expenses 24,100.00 17,427.00 15,919.00 5,652.00
   Research and Development Expenses 80,077.00 62,518.00 43,008.00 20,636.00
   Other Operating Expenses 0.00 0.00 0.00 0
Operating Income -104,177.00 -79,945.00 -58,927.00 -26,288.00
Net Non-Operating Income 17,696.00 10,811.00 3,602.00 -19.00
EBT -86,481.00 -69,134.00 -55,325.00 -26,294.00
Income Tax 0.00 0.00 2.00 0
Net Income Including Non-Controlling Interests 0 0 0 -26,294.00
Net Income -86,481.00 -69,134.00 -55,325.00 -26,294.00
EBIT -86,481.00 -69,134.00 -55,325.00 -26,288.00
Deprecation and Amortization 519.00 353.00 296.00 140.00
EBITDA -85,962.00 -68,781.00 -55,029.00 -26,148.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 57,217.75 42,704.88 41,883.90 13,780.55
Average Shares Outstanding Diluted 57,217.75 42,704.88 41,883.90 13,780.55
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -69,774.00 -50,139.00 -50,285.00 -23,745.00
   Operating Net Income -86,481.00 -69,134.00 -55,325.00 -26,294.00
   Deprecation and Amortization 519.00 353.00 296.00 140.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 22,801.00 13,525.00 10,588.00 2,887.00
   Change in Working Capital -913.00 6,546.00 -5,881.00 -481.00
   Other Operating Activities -5,700.00 -1,429.00 37.00 3.00
Investing Cash Flow -98,403.00 -144,605.00 -559.00 -645.00
   Capital Expenditure -664.00 -770.00 -559.00 0
   Net Purchase/Sale of PPE -664.00 -770.00 -559.00 -645.00
   Net Purchase/Sale of Investments Net -97,739.00 -143,835.00 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 664.00 770.00 559.00 0
Financing Cash Flow 202,137.00 1,537.00 632.00 311,348.00
   Net Issuance/Repayment of Debt 0 0 0 -9.00
   Net Issuance/Repurchase of Equity 120,558.00 0 0 310,843.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 81,579.00 1,537.00 632.00 514.00
Net Change in Cash 33,960.00 -193,207.00 -50,212.00 286,958.00
   Cash at Beginning of Period 59,006.00 252,213.00 302,425.00 15,467.00
   Cash at End of Period 92,966.00 59,006.00 252,213.00 302,425.00
Free Cash Flow -70,438.00 -50,909.00 -50,844.00 -24,406.00
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
Assets 301,851.00 321,499.00 343,476.00 363,558.00 380,592.00 404,741.00 225,857.00 255,055.00 266,181.00 298,971.00
   Current Assets 281,216.00 302,155.00 324,566.00 347,463.00 365,611.00 390,778.00 211,671.00 246,709.00 257,288.00 294,025.00
      Cash and Short-Term Investments 274,924.00 296,271.00 100,721.00 91,966.00 360,130.00 254,366.00 58,006.00 241,701.00 251,213.00 292,499.00
            Cash and Cash Equivalents 61,951.00 98,490.00 100,721.00 91,966.00 103,892.00 254,366.00 58,006.00 241,701.00 251,213.00 292,499.00
            Short-Term Investments 212,973.00 197,781.00 0 0 256,238.00 0 0 0 0 0
      Net Receivables 0 0 0 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 6,292.00 5,884.00 223,845.00 255,497.00 5,481.00 136,412.00 153,665.00 5,008.00 6,075.00 1,526.00
   Non-Current Assets 20,635.00 19,344.00 18,910.00 16,095.00 14,981.00 13,963.00 14,186.00 8,346.00 8,893.00 4,946.00
      Property, Plant, Equipment Net 7,045.00 7,235.00 1,522.00 1,651.00 7,975.00 1,593.00 1,628.00 1,048.00 1,077.00 1,008.00
      Goodwill 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 13,590.00 12,109.00 17,388.00 14,444.00 7,006.00 12,370.00 12,558.00 7,298.00 7,816.00 3,938.00
Liabilities 21,342.00 19,352.00 19,942.00 20,407.00 18,304.00 14,862.00 21,595.00 6,265.00 8,352.00 7,787.00
   Current Liabilities 15,879.00 13,770.00 14,246.00 14,594.00 12,373.00 8,716.00 15,333.00 3,682.00 5,701.00 4,901.00
      Payables and Expenses 15,423.00 13,329.00 13,820.00 14,182.00 11,975.00 8,346.00 15,053.00 3,538.00 5,561.00 4,782.00
            Account Payables 1,991.00 2,245.00 2,500.00 590.00 1,165.00 2,879.00 4,662.00 1,280.00 1,145.00 1,356.00
            Current Accrued Liabilities 13,432.00 11,084.00 11,320.00 13,592.00 10,810.00 5,467.00 10,391.00 2,258.00 4,416.00 3,426.00
      Short-Term Debt 456.00 441.00 426.00 412.00 398.00 370.00 280.00 144.00 140.00 119.00
      Other Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Non-Current Liabilities 5,463.00 5,582.00 5,696.00 5,813.00 5,931.00 6,146.00 6,262.00 2,583.00 2,651.00 2,886.00
      Long-Term Debt 5,463.00 5,582.00 5,696.00 5,810.00 5,920.00 6,117.00 6,216.00 2,444.00 2,482.00 2,583.00
      Other Non-Current Liabilities 0.00 0.00 0.00 3.00 11.00 29.00 46.00 139.00 169.00 303.00
Equity 280,509.00 302,147.00 323,534.00 343,151.00 362,288.00 389,879.00 204,262.00 248,790.00 257,829.00 291,184.00
   Shareholders Equity 280,509.00 302,147.00 323,534.00 343,151.00 362,288.00 389,879.00 204,262.00 248,790.00 257,829.00 291,184.00
      Capital Stock 5.00 5.00 5.00 5.00 5.00 5.00 4.00 4.00 4.00 4.00
      Share Premium 617,486.00 609,262.00 602,299.00 593,687.00 586,271.00 572,902.00 368,707.00 356,362.00 353,521.00 346,377.00
      Retained Earnings -337,424.00 -307,556.00 -279,458.00 -251,311.00 -225,740.00 -183,022.00 -164,830.00 -107,576.00 -95,696.00 -55,197.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 442.00 436.00 688.00 770.00 1,752.00 -6.00 381.00 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0
Investments 0 0 218,222.00 249,475.00 0 128,096.00 145,463.00 0 0 0
Debt 5,919.00 6,023.00 6,122.00 6,222.00 6,318.00 6,487.00 6,496.00 2,588.00 2,622.00 2,702.00
Common Shares Outstanding 53,318.20 53,233.49 53,089.96 50,749.94 52,871.82 52,474.53 43,024.63 42,535.37 42,353.55 41,696.56
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Interest Income 3,076.00 3,354.00 0 4,588.00 0 0 0
Interest Expense 0 0 0.00 0 0.00 0.00 0.00
Non-Interest Expense 7,475.00 7,143.00 0 5,907.00 0 0 0
Operating Expenses 32,944.00 31,452.00 31,850.00 28,604.00 22,322.00 14,334.00 14,834.00
   Selling, General and Administrative Expenses 7,475.00 7,143.00 6,886.00 5,907.00 5,119.00 3,926.00 5,189.00
   Research and Development Expenses 25,469.00 24,309.00 24,964.00 22,697.00 17,203.00 10,408.00 9,645.00
   Other Operating Expenses 0 0 0.00 0 0.00 0.00 0.00
Operating Income -32,944.00 -31,452.00 -31,850.00 -28,604.00 -22,322.00 -14,334.00 -14,834.00
Net Non-Operating Income 0 0 3,703.00 0 4,130.00 2,454.00 8.00
EBT -29,868.00 -28,098.00 -28,147.00 -24,016.00 -18,192.00 -11,880.00 -14,826.00
Income Tax 0 0 0.00 0 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -29,868.00 -28,098.00 0 -24,016.00 0 0 0
Net Income -29,868.00 -28,098.00 -28,147.00 -24,016.00 -18,192.00 -11,880.00 -14,826.00
EBIT -32,944.00 -31,452.00 -28,147.00 -28,604.00 -18,192.00 -11,880.00 -14,826.00
Deprecation and Amortization 131.00 140.00 143.00 127.00 122.00 83.00 64.00
EBITDA -32,813.00 -31,312.00 -28,004.00 -28,477.00 -18,070.00 -11,797.00 -14,762.00
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 59,670.76 59,550.77 59,336.55 58,874.50 52,228.93 42,394.62 0
Average Shares Outstanding Diluted 59,670.76 59,550.77 59,336.55 58,874.50 52,228.93 42,394.62 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow -22,380.00 -23,680.00 -25,458.00 -17,898.00 -22,028.00 -9,847.00 -8,925.00
   Operating Net Income -29,868.00 -28,098.00 -28,147.00 -24,016.00 -18,192.00 -11,880.00 -14,826.00
   Deprecation and Amortization 131.00 140.00 143.00 127.00 122.00 83.00 64.00
   Deferred Income Tax 0 0 0 0 0 0 0
   Share Based Compensation 7,577.00 6,380.00 6,422.00 7,573.00 4,115.00 2,433.00 3,972.00
   Change in Working Capital 199.00 -1,394.00 -3,032.00 23.00 -6,949.00 -492.00 1,859.00
   Other Operating Activities -419.00 -708.00 -844.00 -1,605.00 -1,124.00 9.00 6.00
Investing Cash Flow -14,806.00 20,866.00 32,026.00 21,557.00 18,073.00 -41.00 -239.00
   Capital Expenditure 0 0 -14.00 0 -136.00 -41.00 -239.00
   Net Purchase/Sale of PPE -39.00 -31.00 -14.00 -52.00 -136.00 -41.00 -239.00
   Net Purchase/Sale of Investments Net -14,767.00 20,897.00 32,040.00 21,609.00 18,209.00 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0
   Other Investing Activities 0.00 0.00 14.00 0.00 136.00 41.00 239.00
Financing Cash Flow 647.00 583.00 2,187.00 743.00 200,315.00 376.00 238.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 0
   Dividends Paid 0 0 0 0 0 0 0
   Other Financing Activities 647.00 583.00 2,187.00 743.00 200,315.00 376.00 238.00
Net Change in Cash -36,539.00 -2,231.00 8,755.00 4,402.00 196,360.00 -9,512.00 -8,926.00
   Cash at Beginning of Period 99,490.00 101,721.00 92,966.00 100,490.00 59,006.00 252,213.00 302,425.00
   Cash at End of Period 62,951.00 99,490.00 101,721.00 104,892.00 255,366.00 242,701.00 293,499.00
Free Cash Flow -22,419.00 -23,711.00 -25,472.00 -17,950.00 -22,164.00 -9,888.00 -9,164.00