VRDN
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Price to Earnings | -0.05 | -4.10 | -7.21 | -2.97 | |
| Price to Sales | 4356.82 | 3111.43 | 520.68 | 78.55 | |
| Book Value Per Common Share | 8.29 | 8.19 | 9.56 | 7.85 | 28.37 |
| Price to Book | 2.31 | 2.66 | 3.05 | 2.52 | |
| Price to Operating Cash Flow | -5.63 | -5.29 | -9.99 | -4.32 | |
| 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 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price to Earnings | -0.07 | -0.06 | -0.12 | -7.63 | -7.15 | -22.16 | -3.86 | -8.26 | -15.80 | -7.12 | -5.64 | -18.87 | -2.76 | -3.63 | ||||||
| Price to Sales | 24.98 | 7766.67 | 11233.33 | 6319.44 | 5656.52 | 10943.75 | 2739.29 | 5061.70 | 10600.00 | 353.01 | 622.04 | 2227.71 | 50.79 | 52.02 | 80.57 | |||||
| Book Value Per Common Share | 6.12 | 6.31 | 7.41 | 8.29 | 8.94 | 8.29 | 9.13 | 8.19 | 6.49 | 7.25 | 8.14 | 9.56 | 10.16 | 4.99 | 6.97 | 7.85 | 10.56 | 22.98 | 14.66 | 28.37 |
| Price to Book | 3.53 | 2.22 | 1.82 | 2.31 | 2.55 | 1.57 | 1.92 | 2.66 | 2.36 | 3.28 | 3.12 | 3.05 | 2.02 | 2.32 | 2.65 | 2.52 | 1.56 | 0.80 | 1.14 | |
| Price to Operating Cash Flow | -6.99 | -6.80 | -11.88 | -9.13 | -8.90 | -23.66 | -4.52 | -9.49 | -17.34 | -10.03 | -7.97 | -22.96 | -3.67 | -5.05 | -10.47 | |||||
| Price to Free Cash Flow | ||||||||||||||||||||
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | -3.82 | -82.56 | -40.00 | 185.71 | |
| 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 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earning YoY | ||||||||||||||||||||
| Revenue YoY | 48006.80 | 47.00 | 59.72 | 44.00 | 21.00 | 100.00 | 240.00 | 131.48 | 8.19 | 69.40 | ||||||||||
| 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 | 10.52 | 10.67 | 13.23 | 16.53 | 30.16 |
| Quick Ratio | |||||
| Current Ratio | 15.43 | 18.26 | 12.93 | 14.68 | 12.14 |
| Debt to Equity | 0.11 | 0.11 | 0.10 | 0.09 | 0.09 |
| Long-Term Debt to Equity | 0.03 | 0.05 | 0.02 | 0.01 | 0.00 |
| 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 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 6.00 | 6.89 | 7.80 | 8.86 | 11.81 | 9.15 | 10.04 | 8.84 | 7.27 | 7.82 | 8.85 | 10.28 | 14.75 | 5.98 | 6.71 | 8.23 | 25.19 | 15.13 | 16.19 | 30.16 |
| Quick Ratio | 14.94 | |||||||||||||||||||
| Current Ratio | 11.28 | 11.01 | 19.49 | 15.43 | 18.55 | 15.82 | 23.99 | 18.26 | 13.93 | 12.09 | 12.93 | 12.93 | 17.35 | 7.77 | 12.47 | 14.68 | 15.20 | 6.86 | 7.39 | 12.14 |
| Debt to Equity | 0.15 | 0.13 | 0.09 | 0.11 | 0.09 | 0.11 | 0.08 | 0.11 | 0.16 | 0.11 | 0.10 | 0.10 | 0.08 | 0.20 | 0.10 | 0.09 | 0.08 | 0.20 | 0.16 | 0.09 |
| Long-Term Debt to Equity | 0.05 | 0.03 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.05 | 0.08 | 0.02 | 0.02 | 0.02 | 0.02 | 0.05 | 0.01 | 0.01 | 0.01 | 0.02 | 0.00 | 0.00 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| ROA | -36.36 | -48.48 | -29.85 | -38.98 | -84.35 |
| ROE | -40.19 | -53.78 | -32.87 | -42.30 | -92.23 |
| Gross Margin | |||||
| Operating Margin | -87650.00 | -75123.25 | -7188.22 | -2646.90 | -10447.52 |
| EBITDA Margin | -82287.42 | -71297.77 | -7162.39 | -2618.73 | -10430.10 |
| Net Profit Margin | -89387.09 | -75711.47 | -7215.22 | -2647.10 | -10544.29 |
| 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 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -38.51 | -32.22 | -13.15 | -24.64 | -19.39 | -7.70 | -51.98 | -35.06 | -17.63 | -19.09 | -32.50 | -14.03 | -22.81 | -30.82 | -15.03 | |||||
| ROE | -44.19 | -36.42 | -14.38 | -26.89 | -21.45 | -8.33 | -60.26 | -39.01 | -19.44 | -20.56 | -38.89 | -15.42 | -24.67 | -36.82 | -17.42 | |||||
| Gross Margin | ||||||||||||||||||||
| Operating Margin | -309.52 | -126902.72 | -85726.00 | -81015.65 | -77188.19 | -47955.00 | -70224.38 | -61441.50 | -67986.00 | -4927.71 | -11006.00 | -11894.91 | -1835.83 | -1433.45 | -1230.67 | |||||
| EBITDA Margin | -301.96 | -124112.24 | -83289.00 | -75422.17 | -70689.58 | -43147.00 | -66590.08 | -58381.00 | -64906.00 | -4894.29 | -10918.60 | -11786.57 | -1813.02 | -1416.80 | -1217.40 | |||||
| Net Profit Margin | -314.28 | -127651.02 | -86912.00 | -82706.09 | -78843.75 | -48542.00 | -70609.09 | -61607.00 | -68151.00 | -4946.41 | -11036.80 | -11894.91 | -1835.83 | -1433.45 | -1230.67 |
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 | 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 | 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 | 742,403.00 | 490,424.00 | 435,091.00 | 203,709.00 | 131,255.00 |
| Current Assets | 738,461.00 | 486,478.00 | 431,173.00 | 200,163.00 | 129,611.00 |
| Cash and Short-Term Investments | 717,600.00 | 477,400.00 | 424,600.00 | 197,000.00 | 127,600.00 |
| Cash and Cash Equivalents | 99,594.00 | 102,827.00 | 155,579.00 | 42,299.00 | 45,897.00 |
| Short-Term Investments | 617,990.00 | 374,543.00 | 268,971.00 | 154,666.00 | 81,742.00 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 20,861.00 | 9,078.00 | 6,573.00 | 3,163.00 | 2,011.00 |
| Non-Current Assets | 3,942.00 | 3,946.00 | 3,918.00 | 3,546.00 | 1,644.00 |
| Property, Plant, Equipment Net | 3,441.00 | 3,342.00 | 2,936.00 | 2,055.00 | 787.00 |
| 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 | 501.00 | 604.00 | 982.00 | 1,491.00 | 857.00 |
| Liabilities | 70,764.00 | 48,402.00 | 40,027.00 | 15,993.00 | 11,218.00 |
| Current Liabilities | 47,874.00 | 26,635.00 | 33,349.00 | 13,636.00 | 10,674.00 |
| Payables and Expenses | 47,586.00 | 26,721.00 | 33,061.00 | 13,347.00 | 10,373.00 |
| Account Payables | 2,143.00 | 2,239.00 | 14,234.00 | 2,329.00 | 670.00 |
| Current Accrued Liabilities | 45,443.00 | 24,482.00 | 18,827.00 | 11,018.00 | 9,703.00 |
| Short-Term Debt | 513.00 | 843.00 | 613.00 | 520.00 | 0 |
| Other Current Liabilities | -225.00 | -929.00 | -325.00 | -231.00 | 301.00 |
| Non-Current Liabilities | 22,890.00 | 21,767.00 | 6,678.00 | 2,357.00 | 544.00 |
| Long-Term Debt | 20,582.00 | 1,000.00 | 1,100.00 | 1,200.00 | 0 |
| Other Non-Current Liabilities | 2,308.00 | 20,767.00 | 5,578.00 | 1,157.00 | 0 |
| Equity | 671,639.00 | 442,022.00 | 395,064.00 | 187,716.00 | 120,037.00 |
| Shareholders Equity | 671,639.00 | 442,022.00 | 395,064.00 | 187,716.00 | 120,037.00 |
| Capital Stock | 189,695.00 | 207,056.00 | 142,561.00 | 134,072.00 | 180,843.00 |
| Share Premium | 1,477,811.00 | 960,536.00 | 741,067.00 | 412,101.00 | 218,089.00 |
| Retained Earnings | -995,857.00 | -725,908.00 | -488,174.00 | -358,300.00 | -278,887.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -10.00 | 338.00 | -390.00 | -157.00 | -8.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Investments | 617,990.00 | 374,543.00 | 268,971.00 | 154,666.00 | 81,742.00 |
| Debt | 20,582.00 | 20,205.00 | 4,645.00 | 1,200.00 | 0 |
| Common Shares Outstanding | 80,994.05 | 53,986.11 | 41,305.95 | 23,924.00 | 4,231.14 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Revenues | 302.00 | 314.00 | 1,800.00 | 3,000.00 | 1,050.00 |
| Operating Expenses | 299,337.00 | 254,764.00 | 136,076.00 | 82,691.00 | 111,430.00 |
| Selling, General and Administrative Expenses | 61,083.00 | 94,999.00 | 35,182.00 | 25,805.00 | 13,265.00 |
| Research and Development Expenses | 266,645.00 | 183,800.00 | 112,113.00 | 56,886.00 | 28,304.00 |
| Other Operating Expenses | -28,391.00 | -24,035.00 | -11,219.00 | 0.00 | 69,861.00 |
| Operating Income | -299,035.00 | -254,450.00 | -134,304.00 | -79,728.00 | -110,380.00 |
| Net Non-Operating Income | 29,086.00 | 16,716.00 | 4,430.00 | 318.00 | 173.00 |
| Interest Expense | 5,246.00 | 1,847.00 | 486.00 | 3.00 | 508.00 |
| EBT | -269,949.00 | -237,734.00 | -129,874.00 | -79,410.00 | -110,207.00 |
| Income Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | -269,949.00 | -237,734.00 | -129,874.00 | -79,413.00 | -110,715.00 |
| EBIT | -264,703.00 | -235,887.00 | -129,388.00 | -79,407.00 | -109,699.00 |
| Deprecation and Amortization | 16,195.00 | 12,012.00 | 465.00 | 845.00 | 183.00 |
| EBITDA | -248,508.00 | -223,875.00 | -128,923.00 | -78,562.00 | -109,516.00 |
| EPS | -0.41 | -0.01 | -0.00 | -0.01 | 0 |
| Diluted EPS | -0.41 | -0.01 | -0.00 | -0.01 | 0 |
| Average Shares Outstanding Basic | 68,185.55 | 44,755.47 | 32,087.29 | 11,918.71 | 0 |
| Average Shares Outstanding Diluted | 68,185.55 | 44,755.47 | 32,087.29 | 11,918.71 | 0 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | -232,319.00 | -184,170.00 | -93,838.00 | -54,581.00 | -29,779.00 |
| Operating Net Income | -809,847.00 | -237,734.00 | -129,874.00 | -79,413.00 | -110,715.00 |
| Deprecation and Amortization | 16,195.00 | 12,012.00 | 465.00 | -845.00 | 183.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 42,150.00 | 67,172.00 | 19,765.00 | 14,465.00 | 3,645.00 |
| Change in Working Capital | 32,930.00 | -5,211.00 | 21,942.00 | 5,167.00 | 4,745.00 |
| Other Operating Activities | 486,253.00 | -20,409.00 | -6,136.00 | 6,045.00 | 72,363.00 |
| Investing Cash Flow | -228,651.00 | -94,252.00 | -115,126.00 | -74,292.00 | -50,481.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 511.00 | 898.00 | 797.00 | 417.00 | 42.00 |
| Net Purchase/Sale of Investments Net | 1,161,996.00 | 722,406.00 | 332,199.00 | 302,829.00 | 83,810.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 29,371.00 |
| Other Investing Activities | -1,391,158.00 | -817,556.00 | -448,122.00 | -377,538.00 | -163,704.00 |
| Financing Cash Flow | 457,737.00 | 225,670.00 | 322,244.00 | 125,275.00 | 101,311.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 12,019.00 |
| Net Issuance/Repurchase of Equity | 552,379.00 | 237,785.00 | 339,754.00 | 133,553.00 | 116,101.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -94,642.00 | -12,115.00 | -17,510.00 | -8,278.00 | -26,809.00 |
| Net Change in Cash | -3,233.00 | -52,752.00 | 113,280.00 | -3,598.00 | 21,051.00 |
| Cash at Beginning of Period | 102,827.00 | 155,579.00 | 42,299.00 | 45,897.00 | 24,846.00 |
| Cash at End of Period | 99,594.00 | 102,827.00 | 155,579.00 | 42,299.00 | 45,897.00 |
| Free Cash Flow | 0 | 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 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 577,138.00 | 582,324.00 | 660,981.00 | 742,403.00 | 771,900.00 | 585,663.00 | 630,381.00 | 490,424.00 | 328,757.00 | 351,467.00 | 386,642.00 | 435,091.00 | 440,580.00 | 169,814.00 | 183,165.00 | 203,709.00 | 221,205.00 | 118,202.00 | 122,832.00 | 131,255.00 |
| Current Assets | 571,913.00 | 578,750.00 | 657,238.00 | 738,461.00 | 767,357.00 | 581,664.00 | 626,818.00 | 486,478.00 | 323,839.00 | 346,331.00 | 382,602.00 | 431,173.00 | 437,355.00 | 166,151.00 | 179,389.00 | 200,163.00 | 217,940.00 | 115,462.00 | 121,534.00 | 129,611.00 |
| Cash and Short-Term Investments | 490,900.00 | 563,400.00 | 636,600.00 | 717,600.00 | 753,200.00 | 571,400.00 | 613,200.00 | 477,400.00 | 313,000.00 | 334,300.00 | 373,900.00 | 424,600.00 | 431,300.00 | 161,200.00 | 175,400.00 | 197,000.00 | 213,800.00 | 109,300.00 | 117,100.00 | 127,600.00 |
| Cash and Cash Equivalents | 169,647.00 | 117,324.00 | 116,215.00 | 99,594.00 | 200,317.00 | 107,667.00 | 91,641.00 | 102,827.00 | 111,597.00 | 87,082.00 | 88,515.00 | 155,579.00 | 344,210.00 | 31,293.00 | 30,858.00 | 42,299.00 | 138,875.00 | 27,704.00 | 46,489.00 | 45,897.00 |
| Short-Term Investments | 321,254.00 | 446,032.00 | 520,418.00 | 617,990.00 | 552,923.00 | 463,699.00 | 521,546.00 | 374,543.00 | 201,410.00 | 247,209.00 | 285,343.00 | 268,971.00 | 87,112.00 | 129,914.00 | 144,570.00 | 154,666.00 | 74,937.00 | 81,597.00 | 70,611.00 | 81,742.00 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 479.00 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 81,013.00 | 15,350.00 | 20,638.00 | 20,861.00 | 14,157.00 | 10,264.00 | 13,618.00 | 9,078.00 | 10,839.00 | 12,031.00 | 8,702.00 | 6,573.00 | 6,055.00 | 4,951.00 | 3,989.00 | 3,163.00 | 3,661.00 | 6,162.00 | 4,434.00 | 2,011.00 |
| Non-Current Assets | 5,225.00 | 3,574.00 | 3,743.00 | 3,942.00 | 4,543.00 | 3,999.00 | 3,563.00 | 3,946.00 | 4,918.00 | 5,136.00 | 4,040.00 | 3,918.00 | 3,225.00 | 3,663.00 | 3,776.00 | 3,546.00 | 3,265.00 | 2,740.00 | 1,298.00 | 1,644.00 |
| Property, Plant, Equipment Net | 4,407.00 | 3,068.00 | 3,254.00 | 3,441.00 | 4,490.00 | 3,340.00 | 3,008.00 | 3,342.00 | 3,655.00 | 3,952.00 | 3,058.00 | 2,936.00 | 2,072.00 | 2,154.00 | 2,234.00 | 2,055.00 | 1,808.00 | 1,865.00 | 520.00 | 787.00 |
| Goodwill | 0 | 0 | 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 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 |
| Other Non-Current Assets | 818.00 | 506.00 | 489.00 | 501.00 | 53.00 | 659.00 | 555.00 | 604.00 | 1,263.00 | 1,184.00 | 982.00 | 982.00 | 1,153.00 | 1,509.00 | 1,542.00 | 1,491.00 | 1,457.00 | 875.00 | 778.00 | 857.00 |
| Liabilities | 74,168.00 | 67,155.00 | 56,508.00 | 70,764.00 | 64,404.00 | 56,325.00 | 47,851.00 | 48,402.00 | 45,181.00 | 35,610.00 | 36,093.00 | 40,027.00 | 31,573.00 | 27,916.00 | 16,523.00 | 15,993.00 | 16,614.00 | 19,290.00 | 16,834.00 | 11,218.00 |
| Current Liabilities | 50,696.00 | 52,585.00 | 33,727.00 | 47,874.00 | 41,364.00 | 36,762.00 | 26,127.00 | 26,635.00 | 23,247.00 | 28,657.00 | 29,588.00 | 33,349.00 | 25,214.00 | 21,388.00 | 14,386.00 | 13,636.00 | 14,339.00 | 16,830.00 | 16,436.00 | 10,674.00 |
| Payables and Expenses | 50,696.00 | 43,862.00 | 34,158.00 | 47,586.00 | 44,801.00 | 36,061.00 | 26,476.00 | 26,721.00 | 24,069.00 | 30,547.00 | 30,446.00 | 33,061.00 | 24,926.00 | 21,100.00 | 14,098.00 | 13,347.00 | 14,051.00 | 16,542.00 | 16,148.00 | 10,373.00 |
| Account Payables | 10,063.00 | 8,518.00 | 3,886.00 | 2,143.00 | 6,338.00 | 3,140.00 | 2,676.00 | 2,239.00 | 3,735.00 | 4,133.00 | 7,872.00 | 14,234.00 | 12,152.00 | 4,061.00 | 2,538.00 | 2,329.00 | 3,731.00 | 2,392.00 | 3,384.00 | 670.00 |
| Current Accrued Liabilities | 40,633.00 | 35,344.00 | 30,272.00 | 45,443.00 | 38,463.00 | 32,921.00 | 23,800.00 | 24,482.00 | 20,334.00 | 26,414.00 | 22,574.00 | 18,827.00 | 12,774.00 | 17,039.00 | 11,560.00 | 11,018.00 | 10,320.00 | 14,150.00 | 12,764.00 | 9,703.00 |
| Short-Term Debt | 730.00 | 8,435.00 | 536.00 | 513.00 | 600.00 | 2,964.00 | 732.00 | 843.00 | 821.00 | 802.00 | 637.00 | 613.00 | 600.00 | 600.00 | 600.00 | 520.00 | 430.00 | 412.00 | 400.00 | 0 |
| Other Current Liabilities | -730.00 | 288.00 | -967.00 | -225.00 | -4,037.00 | -2,263.00 | -1,081.00 | -929.00 | -1,643.00 | -2,692.00 | -1,495.00 | -325.00 | -312.00 | -312.00 | -312.00 | -231.00 | -142.00 | -124.00 | -112.00 | 301.00 |
| Non-Current Liabilities | 23,472.00 | 14,570.00 | 22,781.00 | 22,890.00 | 23,040.00 | 19,563.00 | 21,724.00 | 21,767.00 | 21,934.00 | 6,953.00 | 6,505.00 | 6,678.00 | 6,359.00 | 6,528.00 | 2,137.00 | 2,357.00 | 2,275.00 | 2,460.00 | 398.00 | 544.00 |
| Long-Term Debt | 20,890.00 | 12,353.00 | 20,685.00 | 20,582.00 | 20,523.00 | 17,487.00 | 900.00 | 1,000.00 | 1,200.00 | 1,400.00 | 1,000.00 | 1,100.00 | 800.00 | 900.00 | 1,100.00 | 1,200.00 | 1,100.00 | 1,200.00 | 33.00 | 0 |
| Other Non-Current Liabilities | 2,582.00 | 2,217.00 | 2,096.00 | 2,308.00 | 2,517.00 | 2,076.00 | 20,824.00 | 20,767.00 | 20,734.00 | 5,553.00 | 5,505.00 | 5,578.00 | 5,559.00 | 5,628.00 | 1,037.00 | 1,157.00 | 1,175.00 | 1,260.00 | 365.00 | 0 |
| Equity | 502,970.00 | 515,169.00 | 604,473.00 | 671,639.00 | 707,496.00 | 529,338.00 | 582,530.00 | 442,022.00 | 283,576.00 | 315,857.00 | 350,549.00 | 395,064.00 | 409,007.00 | 141,898.00 | 166,642.00 | 187,716.00 | 204,591.00 | 98,912.00 | 105,998.00 | 120,037.00 |
| Shareholders Equity | 502,970.00 | 515,169.00 | 604,473.00 | 671,639.00 | 707,496.00 | 529,338.00 | 582,530.00 | 442,022.00 | 283,576.00 | 315,857.00 | 350,549.00 | 395,064.00 | 409,007.00 | 141,898.00 | 166,642.00 | 187,716.00 | 204,591.00 | 197,836.00 | 105,998.00 | 120,037.00 |
| Capital Stock | 189,707.00 | 189,702.00 | 189,701.00 | 189,695.00 | 189,677.00 | 200,349.00 | 200,348.00 | 207,056.00 | 135,349.00 | 135,348.00 | 135,343.00 | 142,561.00 | 142,549.00 | 103,763.00 | 112,383.00 | 134,072.00 | 161,657.00 | 154,449.00 | 161,062.00 | 180,843.00 |
| Share Premium | 1,531,003.00 | 1,508,902.00 | 1,497,296.00 | 1,477,811.00 | 1,433,019.00 | 1,168,975.00 | 1,156,999.00 | 960,536.00 | 807,339.00 | 792,070.00 | 771,705.00 | 741,067.00 | 709,787.00 | 452,696.00 | 439,187.00 | 412,101.00 | 372,291.00 | 259,786.00 | 242,304.00 | 218,089.00 |
| Retained Earnings | -1,218,103.00 | -1,183,504.00 | -1,082,769.00 | -995,857.00 | -916,132.00 | -839,443.00 | -774,450.00 | -725,908.00 | -659,048.00 | -611,388.00 | -556,325.00 | -488,174.00 | -442,389.00 | -413,484.00 | -383,993.00 | -358,300.00 | -329,354.00 | -315,311.00 | -297,347.00 | -278,887.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 363.00 | 69.00 | 245.00 | -10.00 | 932.00 | -543.00 | -367.00 | 338.00 | -64.00 | -173.00 | -174.00 | -390.00 | -940.00 | -1,077.00 | -935.00 | -157.00 | -3.00 | -12.00 | -21.00 | -8.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 321,254.00 | 446,032.00 | 520,418.00 | 617,990.00 | 552,923.00 | 463,699.00 | 521,546.00 | 374,543.00 | 201,410.00 | 247,209.00 | 285,343.00 | 268,971.00 | 87,112.00 | 129,914.00 | 144,570.00 | 154,666.00 | 74,937.00 | 81,597.00 | 70,611.00 | 81,742.00 |
| Debt | 20,890.00 | 41,576.00 | 20,685.00 | 20,582.00 | 20,523.00 | 40,902.00 | 20,328.00 | 20,205.00 | 20,000.00 | 4,709.00 | 4,677.00 | 4,645.00 | 4,613.00 | 4,585.00 | 1,100.00 | 1,200.00 | 1,100.00 | 1,200.00 | 400.00 | 0 |
| Common Shares Outstanding | 82,229.16 | 81,651.19 | 81,589.43 | 80,994.05 | 79,181.45 | 63,879.68 | 63,798.54 | 53,986.11 | 43,700.99 | 43,562.21 | 43,055.32 | 41,305.95 | 40,244.36 | 28,463.98 | 23,924.00 | 23,924.00 | 19,376.63 | 8,608.89 | 7,231.37 | 4,231.14 |
| 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 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | 70,717.00 | 147.00 | 100.00 | -172.00 | 230.00 | 144.00 | 100.00 | -228.00 | 242.00 | 200.00 | 100.00 | -616.00 | 1,700.00 | 500.00 | 216.00 | -3,790.00 | 2,749.00 | 2,541.00 | 1,500.00 |
| Operating Expenses | 622,386.00 | 401,330.00 | 187,760.00 | -96,652.00 | 211,793.00 | 128,227.00 | 55,969.00 | -132,939.00 | 183,214.00 | 131,918.00 | 72,571.00 | -32,859.00 | 86,905.00 | 55,925.00 | 26,105.00 | -29,725.00 | 53,396.00 | 39,054.00 | 19,966.00 |
| Selling, General and Administrative Expenses | 61,642.00 | 37,319.00 | 17,103.00 | -30,532.00 | 45,499.00 | 31,091.00 | 15,025.00 | -29,933.00 | 62,006.00 | 41,095.00 | 21,831.00 | -14,972.00 | 25,328.00 | 16,467.00 | 8,359.00 | -11,942.00 | 18,904.00 | 12,683.00 | 6,160.00 |
| Research and Development Expenses | 254,621.00 | 172,489.00 | 85,863.00 | -68,639.00 | 188,131.00 | 104,448.00 | 42,705.00 | -109,258.00 | 134,229.00 | 101,645.00 | 57,184.00 | -6,668.00 | 61,577.00 | 39,458.00 | 17,746.00 | -17,783.00 | 34,492.00 | 26,371.00 | 13,806.00 |
| Other Operating Expenses | 306,123.00 | 191,522.00 | 84,794.00 | 2,519.00 | -21,837.00 | -7,312.00 | -1,761.00 | 6,252.00 | -13,021.00 | -10,822.00 | -6,444.00 | -11,219.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -240,646.00 | -200,633.00 | -93,866.00 | 96,508.00 | -211,563.00 | -128,083.00 | -55,897.00 | 132,743.00 | -182,972.00 | -131,748.00 | -72,473.00 | 32,276.00 | -85,238.00 | -55,453.00 | -25,889.00 | 25,947.00 | -50,647.00 | -36,513.00 | -18,515.00 |
| Net Non-Operating Income | 18,400.00 | 12,986.00 | 6,954.00 | -14,156.00 | 21,339.00 | 14,548.00 | 7,355.00 | -8,238.00 | 12,098.00 | 8,534.00 | 4,322.00 | 2,816.00 | 1,149.00 | 269.00 | 196.00 | -6.00 | 180.00 | 89.00 | 55.00 |
| Interest Income | 22,973.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 3,366.00 | 1,100.00 | 1,186.00 | -1,613.00 | 3,888.00 | 2,384.00 | 587.00 | 420.00 | 931.00 | 331.00 | 165.00 | 14.00 | 318.00 | 154.00 | 0.00 | 3.00 | 0.00 | 0.00 | 0.00 |
| Net Interest | 19,607.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBT | -222,246.00 | -187,647.00 | -86,912.00 | 82,352.00 | -190,224.00 | -113,535.00 | -48,542.00 | 124,505.00 | -170,874.00 | -123,214.00 | -68,151.00 | 35,092.00 | -84,089.00 | -55,184.00 | -25,693.00 | 25,941.00 | -50,467.00 | -36,424.00 | -18,460.00 |
| 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 | 0.00 | 0.00 |
| Net Income | -222,246.00 | -187,647.00 | -86,912.00 | 82,352.00 | -190,224.00 | -113,535.00 | -48,542.00 | 124,505.00 | -170,874.00 | -123,214.00 | -68,151.00 | 35,092.00 | -84,089.00 | -55,184.00 | -25,693.00 | 25,938.00 | -50,467.00 | -36,424.00 | -18,460.00 |
| EBIT | -218,880.00 | -186,547.00 | -85,726.00 | 80,739.00 | -186,336.00 | -111,151.00 | -47,955.00 | 124,925.00 | -169,943.00 | -122,883.00 | -67,986.00 | 35,106.00 | -83,771.00 | -55,030.00 | -25,693.00 | 25,944.00 | -50,467.00 | -36,424.00 | -18,460.00 |
| Deprecation and Amortization | 5,345.00 | 4,102.00 | 2,437.00 | -10,836.00 | 12,865.00 | 9,358.00 | 4,808.00 | -5,984.00 | 8,795.00 | 6,121.00 | 3,080.00 | -774.00 | 568.00 | 437.00 | 234.00 | -404.00 | 627.00 | 423.00 | 199.00 |
| EBITDA | -213,535.00 | -182,445.00 | -83,289.00 | 69,903.00 | -173,471.00 | -101,793.00 | -43,147.00 | 118,941.00 | -161,148.00 | -116,762.00 | -64,906.00 | 34,332.00 | -83,203.00 | -54,593.00 | -25,459.00 | 25,540.00 | -49,840.00 | -36,001.00 | -18,261.00 |
| EPS | -0.30 | -0.25 | -0.12 | 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 | -0.01 | -0.01 | 0 |
| Diluted EPS | -0.30 | -0.25 | -0.12 | 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 | -0.01 | -0.01 | 0 |
| Average Shares Outstanding Basic | 81,857.01 | 81,751.52 | 81,624.16 | 85,365.58 | 63,800.80 | 62,476.78 | 61,099.04 | 50,968.46 | 43,057.66 | 42,753.48 | 42,242.31 | 46,036.14 | 29,238.25 | 26,948.69 | 26,126.09 | 31,960.92 | 8,487.49 | 7,226.45 | 0 |
| Average Shares Outstanding Diluted | 81,857.01 | 81,751.52 | 81,624.16 | 85,365.58 | 63,800.80 | 62,476.78 | 61,099.04 | 50,968.46 | 43,057.66 | 42,753.48 | 42,242.31 | 46,036.14 | 29,238.25 | 26,948.69 | 26,126.09 | 31,960.92 | 8,487.49 | 7,226.45 | 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 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -252,637.00 | -168,026.00 | -92,653.00 | 63,172.00 | -158,987.00 | -91,281.00 | -45,223.00 | 131,160.00 | -146,170.00 | -107,187.00 | -61,973.00 | 26,128.00 | -59,796.00 | -39,128.00 | -21,042.00 | 21,174.00 | -38,046.00 | -26,170.00 | -11,539.00 |
| Operating Net Income | -222,246.00 | -187,647.00 | -260,736.00 | -457,546.00 | -190,224.00 | -113,535.00 | -48,542.00 | 124,505.00 | -170,874.00 | -123,214.00 | -68,151.00 | 35,092.00 | -84,089.00 | -55,184.00 | -25,693.00 | 25,938.00 | -50,467.00 | -36,424.00 | -18,460.00 |
| Deprecation and Amortization | 5,345.00 | 4,102.00 | 2,437.00 | -10,836.00 | 12,865.00 | 9,358.00 | 4,808.00 | -5,984.00 | 8,795.00 | 6,121.00 | 3,080.00 | 1,704.00 | -568.00 | -437.00 | -234.00 | 404.00 | -627.00 | -423.00 | -199.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 32,314.00 | 21,064.00 | 10,220.00 | -28,168.00 | 33,175.00 | 24,455.00 | 12,688.00 | -16,686.00 | 41,124.00 | 27,518.00 | 15,216.00 | -8,925.00 | 14,487.00 | 9,544.00 | 4,659.00 | -6,676.00 | 10,974.00 | 6,992.00 | 3,175.00 |
| Change in Working Capital | 63,984.00 | -8,948.00 | -14,425.00 | 632.00 | 19,650.00 | 8,658.00 | 3,990.00 | -10,643.00 | -6,063.00 | 276.00 | 11,219.00 | -2,468.00 | 13,845.00 | 9,312.00 | 1,253.00 | -19,569.00 | 5,799.00 | 9,440.00 | 9,497.00 |
| Other Operating Activities | -132,034.00 | 3,403.00 | 169,851.00 | 559,090.00 | -34,453.00 | -20,217.00 | -18,167.00 | 39,968.00 | -19,152.00 | -17,888.00 | -23,337.00 | 725.00 | -3,471.00 | -2,363.00 | -1,027.00 | 21,077.00 | -3,725.00 | -5,755.00 | -5,552.00 |
| Investing Cash Flow | 301,857.00 | 175,780.00 | 100,062.00 | 161,199.00 | -165,736.00 | -81,069.00 | -143,045.00 | -183,834.00 | 75,459.00 | 27,418.00 | -13,295.00 | -212,292.00 | 65,477.00 | 22,826.00 | 8,863.00 | -90,749.00 | 5,918.00 | -333.00 | 10,872.00 |
| 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 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 255.00 | 128.00 | 86.00 | 10.00 | 397.00 | 104.00 | 0 | -513.00 | 850.00 | 446.00 | 115.00 | -419.00 | 566.00 | 471.00 | 179.00 | -73.00 | 331.00 | 144.00 | 15.00 |
| Net Purchase/Sale of Investments Net | 584,280.00 | 429,904.00 | 242,634.00 | -496,185.00 | 861,239.00 | 488,769.00 | 308,173.00 | 35,411.00 | 347,079.00 | 198,536.00 | 141,380.00 | 202,665.00 | 76,427.00 | 33,681.00 | 19,426.00 | -132,974.00 | 177,189.00 | 134,423.00 | 124,191.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | -282,678.00 | -254,252.00 | -142,658.00 | 657,374.00 | -1,027,372.00 | -569,942.00 | -451,218.00 | -218,732.00 | -272,470.00 | -171,564.00 | -154,790.00 | -414,538.00 | -11,516.00 | -11,326.00 | -10,742.00 | 42,298.00 | -171,602.00 | -134,900.00 | -113,334.00 |
| Financing Cash Flow | 20,833.00 | 9,976.00 | 9,212.00 | -318,748.00 | 422,213.00 | 177,190.00 | 177,082.00 | 179,465.00 | 26,729.00 | 11,272.00 | 8,204.00 | 19,980.00 | 296,230.00 | 5,296.00 | 738.00 | -9,400.00 | 125,105.00 | 8,311.00 | 1,259.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 35,849.00 | 14,983.00 | 14,219.00 | -376,194.00 | 483,045.00 | 222,869.00 | 222,659.00 | 206,066.00 | 12,243.00 | 11,272.00 | 8,204.00 | 25,460.00 | 312,814.00 | 742.00 | 738.00 | -8,603.00 | 132,368.00 | 8,529.00 | 1,259.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -15,016.00 | -5,007.00 | -5,007.00 | 57,446.00 | -60,832.00 | -45,679.00 | -45,577.00 | -11,601.00 | -514.00 | 0.00 | 0.00 | -5,480.00 | -16,584.00 | 4,554.00 | 0.00 | -797.00 | -7,263.00 | -218.00 | 0.00 |
| Net Change in Cash | 70,053.00 | 17,730.00 | 16,621.00 | -94,377.00 | 97,490.00 | 4,840.00 | -11,186.00 | 126,791.00 | -43,982.00 | -68,497.00 | -67,064.00 | -166,184.00 | 301,911.00 | -11,006.00 | -11,441.00 | -78,976.00 | 92,978.00 | -18,192.00 | 592.00 |
| Cash at Beginning of Period | 99,594.00 | 99,594.00 | 99,594.00 | 193,971.00 | 102,827.00 | 102,827.00 | 102,827.00 | -23,964.00 | 155,579.00 | 155,579.00 | 155,579.00 | 321,763.00 | 42,299.00 | 42,299.00 | 42,299.00 | 121,275.00 | 45,897.00 | 45,896.00 | 45,897.00 |
| Cash at End of Period | 169,647.00 | 117,324.00 | 116,215.00 | 99,594.00 | 200,317.00 | 107,667.00 | 91,641.00 | 102,827.00 | 111,597.00 | 87,082.00 | 88,515.00 | 155,579.00 | 344,210.00 | 31,293.00 | 30,858.00 | 42,299.00 | 138,875.00 | 27,704.00 | 46,489.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |