USAS
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -2.21 | -1.59 | -2.47 | -0.73 |
| Price to Sales | 0.99 | 0.57 | 1.23 | 2.54 |
| Book Value Per Common Share | 0.22 | 0.61 | 0.99 | 1.41 |
| Price to Book | 4.18 | 1.04 | 1.43 | 1.43 |
| Price to Operating Cash Flow | -32.41 | -53.36 | -88.80 | -2.25 |
| Price to Free Cash Flow | -4.54 | -2.58 | -5.04 | -1.80 |
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -62.00 | -40.39 | -17.57 | -5.88 | |
| Price to Sales | 33.01 | 19.74 | 13.87 | 7.96 | 3.60 |
| Book Value Per Common Share | 0.18 | 0.21 | 0.21 | 0.22 | 0.32 |
| Price to Book | 20.26 | 9.66 | 6.18 | 4.18 | 2.36 |
| Price to Operating Cash Flow | -94.42 | 102.50 | -46.41 | -40.86 | -1912.50 |
| Price to Free Cash Flow | -46.56 | -105.72 | -22.41 | -20.79 | -19.62 |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 5.28 | 11.93 | 88.71 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | 13.63 | 14.35 | -16.07 | 25.66 | |
| EBITDA YoY | |||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 0.19 | 0.02 | 0.03 | 0.05 |
| Quick Ratio | 0.39 | 0.19 | 0.32 | 0.24 |
| Current Ratio | 0.59 | 0.38 | 0.60 | 0.52 |
| Debt to Equity | 2.60 | 1.50 | 0.94 | 1.06 |
| Long-Term Debt to Equity | 1.31 | 0.65 | 0.51 | 0.62 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.14 | 0.23 | 0.04 | 0.08 | 0.07 |
| Quick Ratio | 0.69 | 0.98 | 0.33 | 0.39 | 0.23 |
| Current Ratio | 0.91 | 1.14 | 0.52 | 0.59 | 0.42 |
| Debt to Equity | 3.67 | 3.34 | 2.33 | 2.60 | 2.38 |
| Long-Term Debt to Equity | 2.24 | 2.04 | 1.29 | 1.31 | 1.19 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -23.33 | -19.37 | -22.59 | -73.87 |
| ROE | -84.09 | -48.42 | -43.72 | -151.85 |
| Gross Margin | -6.63 | -6.67 | -9.90 | -123.28 |
| Operating Margin | -40.76 | -33.67 | -46.66 | -349.20 |
| EBITDA Margin | -16.71 | -11.76 | -21.56 | -314.14 |
| Net Profit Margin | -44.86 | -36.74 | -50.70 | -349.99 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | -6.69 | -6.18 | -10.27 | -6.01 | -7.84 |
| ROE | -31.28 | -26.84 | -34.14 | -21.65 | -26.49 |
| Gross Margin | 22.07 | -11.32 | -13.17 | -5.53 | -17.26 |
| Operating Margin | -43.46 | -50.51 | -78.45 | -46.38 | -51.70 |
| EBITDA Margin | -31.35 | -26.38 | -55.05 | -26.87 | -25.21 |
| Net Profit Margin | -51.34 | -56.09 | -80.34 | -41.25 | -62.96 |
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 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 192,640.00 | 180,488.00 | 190,819.00 | 213,434.00 |
| Current Assets | 40,714.00 | 23,036.00 | 25,381.00 | 23,543.00 |
| Cash and Short-Term Investments | 20,002.00 | 2,061.00 | 1,964.00 | 2,900.00 |
| Cash and Cash Equivalents | 20,002.00 | 2,061.00 | 1,964.00 | 2,900.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 7,132.00 | 9,486.00 | 11,552.00 | 8,208.00 |
| Inventory | 10,704.00 | 8,657.00 | 8,835.00 | 10,009.00 |
| Other Current Assets | 2,876.00 | 2,832.00 | 3,030.00 | 2,426.00 |
| Non-Current Assets | 151,926.00 | 157,452.00 | 165,438.00 | 189,891.00 |
| Property, Plant, Equipment Net | 147,399.00 | 153,101.00 | 161,299.00 | 177,913.00 |
| 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 | 0 | 0 | 0 | 0 |
| Liabilities | 139,191.00 | 108,288.00 | 92,230.00 | 109,599.00 |
| Current Liabilities | 69,410.00 | 61,207.00 | 42,097.00 | 45,659.00 |
| Payables and Expenses | 40,095.00 | 25,120.00 | 27,060.00 | 20,576.00 |
| Account Payables | 37,333.00 | 22,960.00 | 27,060.00 | 20,576.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 |
| Short-Term Debt | 14,899.00 | 21,909.00 | 2,722.00 | 10,950.00 |
| Other Current Liabilities | 14,416.00 | 14,178.00 | 12,315.00 | 14,133.00 |
| Non-Current Liabilities | 69,781.00 | 47,081.00 | 50,133.00 | 63,940.00 |
| Long-Term Debt | 7,440.00 | 0 | 9,621.00 | 8,665.00 |
| Other Non-Current Liabilities | 62,341.00 | 0 | 40,512.00 | 55,275.00 |
| Equity | 53,449.00 | 72,200.00 | 98,589.00 | 103,835.00 |
| Shareholders Equity | 53,449.00 | 53,418.00 | 81,227.00 | 93,070.00 |
| Capital Stock | 573,532.00 | 455,548.00 | 449,374.00 | 423,098.00 |
| Share Premium | 0 | 0 | 0 | 0 |
| Retained Earnings | -591,030.00 | -463,391.00 | -428,849.00 | -387,949.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 70,947.00 | 61,261.00 | 60,702.00 | 57,921.00 |
| Minority Interest | 0 | 18,782.00 | 17,362.00 | 10,765.00 |
| Debt | 22,339.00 | 21,909.00 | 12,343.00 | 19,615.00 |
| Net Debt | 287.00 | 19,848.00 | 10,379.00 | 16,715.00 |
| Common Shares Outstanding | 237,780.10 | 87,475.91 | 81,782.29 | 66,058.07 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 100,188.00 | 95,160.00 | 85,016.00 | 45,051.00 |
| Cost Of Revenue | 106,831.00 | 101,507.00 | 93,432.00 | 100,589.00 |
| Interest Expense | 7,375.00 | 8,189.00 | 1,798.00 | 4,870.00 |
| Non-Interest Expense | 8,895.00 | 8,606.00 | 9,380.00 | 10,267.00 |
| Gross Profit | -6,643.00 | -6,347.00 | -8,416.00 | -55,538.00 |
| Operating Expenses | 19,599.00 | 16,467.00 | 18,091.00 | 27,078.00 |
| Selling, General and Administrative Expenses | 8,895.00 | 8,606.00 | 9,380.00 | 10,267.00 |
| Other Operating Expenses | 6,587.00 | 4,019.00 | 4,211.00 | 4,078.00 |
| Operating Income | -26,242.00 | -22,814.00 | -26,507.00 | -82,616.00 |
| Net Non-Operating Income | -875.00 | -760.00 | 0 | 0 |
| EBT | -48,207.00 | -40,233.00 | -41,469.00 | -162,186.00 |
| Income Tax | 679.00 | -2,060.00 | 3,718.00 | -1,610.00 |
| Net Income Including Non-Controlling Interests | -48,886.00 | -38,173.00 | -45,187.00 | -160,576.00 |
| Net Income Non-Controlling Interests | 3,939.00 | 3,215.00 | 2,083.00 | 2,902.00 |
| Net Income | -44,947.00 | -34,958.00 | -43,104.00 | -157,674.00 |
| EBIT | -40,832.00 | -32,044.00 | -39,671.00 | -157,316.00 |
| Deprecation and Amortization | 24,091.00 | 20,849.00 | 21,340.00 | 15,795.00 |
| EBITDA | -16,741.00 | -11,195.00 | -18,331.00 | -141,521.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 105,967.49 | 85,080.75 | 73,766.41 | 56,755.19 |
| Average Shares Outstanding Diluted | 105,967.49 | 85,080.75 | 73,766.41 | 56,755.19 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -3,068.00 | -1,013.00 | -1,179.00 | -50,945.00 |
| Operating Net Income | -48,886.00 | -38,173.00 | -45,187.00 | -160,576.00 |
| Deprecation and Amortization | 24,091.00 | 20,849.00 | 21,340.00 | 15,795.00 |
| Deferred Income Tax | 679.00 | -2,060.00 | 3,718.00 | -1,610.00 |
| Share Based Compensation | 1,454.00 | 2,029.00 | 2,746.00 | 4,349.00 |
| Change in Working Capital | 2,888.00 | -789.00 | -2,018.00 | -24,030.00 |
| Other Operating Activities | 16,706.00 | 17,131.00 | 18,222.00 | 115,127.00 |
| Investing Cash Flow | -18,850.00 | -18,133.00 | -19,602.00 | -14,078.00 |
| Capital Expenditure | -18,850.00 | -19,941.00 | -19,602.00 | -12,646.00 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 35,121.00 | 20,324.00 | 17,437.00 | 63,418.00 |
| Net Issuance/Repayment of Debt | 4,168.00 | 8,823.00 | -2,234.00 | 4,157.00 |
| Net Issuance/Repurchase of Equity | 47,700.00 | 3,078.00 | 19,896.00 | 57,689.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -16,747.00 | 8,423.00 | -225.00 | 1,572.00 |
| Net Change in Cash | 13,203.00 | 1,178.00 | -3,344.00 | -1,605.00 |
| Cash at Beginning of Period | 2,061.00 | 1,964.00 | 2,900.00 | 4,705.00 |
| Cash at End of Period | 20,002.00 | 2,061.00 | 1,964.00 | 2,900.00 |
| Free Cash Flow | -21,918.00 | -20,954.00 | -20,781.00 | -63,591.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 234,702.00 | 244,293.00 | 184,287.00 | 192,640.00 | 179,366.00 |
| Current Assets | 65,326.00 | 83,832.00 | 29,826.00 | 40,714.00 | 26,789.00 |
| Cash and Short-Term Investments | 39,100.00 | 61,683.00 | 8,751.00 | 20,002.00 | 7,215.00 |
| Cash and Cash Equivalents | 39,100.00 | 61,683.00 | 8,751.00 | 20,002.00 | 7,215.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 10,598.00 | 10,426.00 | 10,289.00 | 7,132.00 | 7,450.00 |
| Inventory | 10,225.00 | 8,169.00 | 8,303.00 | 10,704.00 | 8,820.00 |
| Other Current Assets | 5,403.00 | 3,554.00 | 2,483.00 | 2,876.00 | 3,304.00 |
| Non-Current Assets | 169,376.00 | 160,461.00 | 154,461.00 | 151,926.00 | 152,577.00 |
| Property, Plant, Equipment Net | 163,384.00 | 155,837.00 | 149,892.00 | 147,399.00 | 148,094.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 5,992.00 | 4,624.00 | 4,569.00 | 4,527.00 | 4,483.00 |
| Liabilities | 184,487.00 | 188,025.00 | 128,868.00 | 139,191.00 | 126,311.00 |
| Current Liabilities | 71,826.00 | 73,449.00 | 57,617.00 | 69,410.00 | 63,258.00 |
| Payables and Expenses | 33,780.00 | 44,013.00 | 34,447.00 | 40,095.00 | 29,054.00 |
| Account Payables | 30,718.00 | 40,970.00 | 31,560.00 | 37,333.00 | 25,005.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 11,654.00 | 9,297.00 | 6,375.00 | 14,899.00 | 18,037.00 |
| Other Current Liabilities | 26,392.00 | 20,139.00 | 16,795.00 | 14,416.00 | 16,167.00 |
| Non-Current Liabilities | 112,661.00 | 114,576.00 | 71,251.00 | 69,781.00 | 63,053.00 |
| Long-Term Debt | 48,075.00 | 50,920.00 | 5,704.00 | 7,440.00 | 9,400.00 |
| Other Non-Current Liabilities | 64,586.00 | 63,656.00 | 65,547.00 | 62,341.00 | 53,653.00 |
| Equity | 50,215.00 | 56,268.00 | 55,419.00 | 53,449.00 | 53,055.00 |
| Shareholders Equity | 50,215.00 | 56,268.00 | 55,419.00 | 53,449.00 | 34,519.00 |
| Capital Stock | 615,904.00 | 609,118.00 | 594,051.00 | 573,532.00 | 464,813.00 |
| Share Premium | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -640,512.00 | -624,763.00 | -610,605.00 | -591,030.00 | -495,712.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 74,823.00 | 71,913.00 | 71,973.00 | 70,947.00 | 65,418.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 18,536.00 |
| Debt | 59,729.00 | 60,217.00 | 12,079.00 | 22,339.00 | 27,437.00 |
| Net Debt | 11,525.00 | 0 | 0 | 287.00 | 19,622.00 |
| Common Shares Outstanding | 273,501.00 | 269,247.20 | 259,637.17 | 237,780.10 | 106,712.62 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 30,596.00 | 26,927.00 | 23,547.00 | 28,055.00 | 22,326.00 | 0 |
| Cost Of Revenue | 23,842.00 | 29,976.00 | 26,648.00 | 29,606.00 | 26,179.00 | 0 |
| Interest Expense | 1,710.00 | 1,381.00 | 474.00 | -655.00 | 4,419.00 | 0 |
| Non-Interest Expense | 5,933.00 | 6,091.00 | 6,497.00 | 3,859.00 | 1,671.00 | 0 |
| Gross Profit | 6,754.00 | -3,049.00 | -3,101.00 | -1,551.00 | -3,853.00 | 0 |
| Operating Expenses | 8,755.00 | 7,656.00 | 8,072.00 | 8,049.00 | 3,494.00 | 0 |
| Selling, General and Administrative Expenses | 5,933.00 | 6,091.00 | 6,497.00 | 3,859.00 | 1,671.00 | 0 |
| Other Operating Expenses | 1,866.00 | 1,072.00 | 1,440.00 | 3,270.00 | 1,089.00 | 0 |
| Operating Income | -2,001.00 | -10,705.00 | -11,173.00 | -9,600.00 | -7,347.00 | 0 |
| Net Non-Operating Income | -19.00 | -156.00 | -125.00 | -146.00 | -216.00 | 0 |
| EBT | -15,006.00 | -14,982.00 | -18,946.00 | -12,357.00 | -15,961.00 | 0 |
| Income Tax | 702.00 | 121.00 | -28.00 | 210.00 | 198.00 | 0 |
| Net Income Including Non-Controlling Interests | -15,708.00 | -15,103.00 | -18,918.00 | -12,567.00 | -16,159.00 | 0 |
| Net Income Non-Controlling Interests | 0 | 0 | 0 | 995.00 | 2,103.00 | 0 |
| Net Income | -15,708.00 | -15,103.00 | -18,918.00 | -11,572.00 | -14,056.00 | 0 |
| EBIT | -13,296.00 | -13,601.00 | -18,472.00 | -13,012.00 | -11,542.00 | 0 |
| Deprecation and Amortization | 3,704.00 | 6,497.00 | 5,509.00 | 5,473.00 | 5,914.00 | 0 |
| EBITDA | -9,592.00 | -7,104.00 | -12,963.00 | -7,539.00 | -5,628.00 | 0 |
| EPS | -0.00 | -0.00 | -0.00 | 0 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | 0 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 271,451.60 | 263,263.95 | 247,991.27 | 0 | 105,053.47 | 101,048.23 |
| Average Shares Outstanding Diluted | 271,451.60 | 263,263.95 | 247,991.27 | 0 | 105,053.47 | 101,048.23 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -10,694.00 | 5,176.00 | -7,031.00 | -5,468.00 | -46.00 |
| Operating Net Income | -15,708.00 | -15,103.00 | -18,918.00 | -12,567.00 | -16,159.00 |
| Deprecation and Amortization | 3,704.00 | 6,497.00 | 5,509.00 | 5,473.00 | 5,914.00 |
| Deferred Income Tax | 702.00 | 121.00 | -28.00 | 210.00 | 198.00 |
| Share Based Compensation | 2,813.00 | 2,798.00 | 3,396.00 | 820.00 | 192.00 |
| Change in Working Capital | -13,275.00 | 3,929.00 | -5,466.00 | 885.00 | 2,107.00 |
| Other Operating Activities | 11,070.00 | 6,934.00 | 8,476.00 | -289.00 | 7,702.00 |
| Investing Cash Flow | -10,997.00 | -10,206.00 | -6,561.00 | -5,275.00 | -4,055.00 |
| Capital Expenditure | -10,998.00 | -10,206.00 | -7,558.00 | -5,275.00 | -4,055.00 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 1.00 | 0.00 | 997.00 | 0.00 | 0.00 |
| Financing Cash Flow | -2,394.00 | 59,989.00 | 3,873.00 | 19,637.00 | 8,392.00 |
| Net Issuance/Repayment of Debt | -1,515.00 | 50,077.00 | 340.00 | -4,595.00 | 8,339.00 |
| Net Issuance/Repurchase of Equity | 1,881.00 | 13,007.00 | 3,567.00 | 42,233.00 | 14.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -2,760.00 | -3,095.00 | -34.00 | -18,001.00 | 39.00 |
| Net Change in Cash | -24,085.00 | 54,959.00 | -9,719.00 | 8,894.00 | 4,291.00 |
| Cash at Beginning of Period | 61,683.00 | 8,751.00 | 20,002.00 | 7,215.00 | 3,637.00 |
| Cash at End of Period | 39,100.00 | 61,683.00 | 8,751.00 | 20,002.00 | 7,215.00 |
| Free Cash Flow | -21,692.00 | -5,030.00 | -14,589.00 | -10,743.00 | -4,101.00 |