Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -5.02 2.74 -5.04 -1.43
Price to Sales 4.09 1.45 5.72 2.73
Book Value Per Common Share 5.48 5.37 1.53 2.51 4.13
Price to Book 1.04 1.57 3.99 1.08
Price to Operating Cash Flow -21.36 4.66 -18.71 -1.91
Price to Free Cash Flow
Enterprise Value to EBITDA 26209.38
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 -2.97 -2.83 -6.38 -11.04 -21.38 -46.55 4.19 4.73 2.53 -10.03 -5.58 -13.61 -1.29
Price to Sales 10.93 15.59 30.48 4.57 9.25 27.25 1.98 3.10 2.08 5.34 164.62 440.46 10.59 19.86 27.21
Book Value Per Common Share 3.96 4.40 4.94 5.48 6.06 6.16 6.28 5.37 4.01 4.55 5.00 1.53 2.07 1.56 1.99 2.51 2.31 2.93 3.63 4.13
Price to Book 1.18 0.71 0.68 1.04 0.97 1.28 1.48 1.57 1.93 2.52 1.54 3.99 2.86 3.78 3.84 1.08 1.14 1.41 1.30
Price to Operating Cash Flow -2.68 -2.56 -5.20 -430.15 16.71 9.05 3.12 3.93 2.54 -857.97 14.16 8.42 -1.53 -3.54 -8.31
Price to Free Cash Flow
Enterprise Value to EBITDA 41772.24 47814.08 26610.40

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY -68.00 511.16 9.33 -78.14
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 -23.55 -20.66 3049900.00
Revenue YoY 114.50 80.33 50.17 151.56 2.97 3.23 2996.79 108.36 -95.20 18.89 20.87
EBITDA YoY -22.26 -16.73 291.57
Net Profit YoY -25.43 -17.90 225.58

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 5.76 5.37 3.10 11.51 13.28
Quick Ratio 6.71 4.82 1.64 8.50 18.43
Current Ratio 5.56 4.96 1.72 2.68 7.39
Debt to Equity 0.31 0.49 1.70 1.04 0.70
Long-Term Debt to Equity 0.15 0.21 0.47 0.50 0.52
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 3.91 4.48 5.06 6.07 6.00 6.46 7.01 5.24 6.17 6.48 6.73 3.08 3.44 3.88 4.38 11.43 3.23 3.79 4.08 13.20
Quick Ratio 6.54 6.28 7.38 6.71 8.17 9.29 5.53 4.82 14.96 1.64 1.93 8.50 18.43
Current Ratio 6.19 5.43 6.10 5.56 8.45 9.51 5.64 4.96 4.25 6.22 15.18 1.72 2.01 1.55 1.68 2.68 4.73 6.02 7.10 7.39
Debt to Equity 0.31 0.32 0.30 0.31 0.29 0.30 0.38 0.49 0.67 0.59 0.55 1.70 1.29 2.14 1.95 1.04 1.11 0.89 0.75 0.70
Long-Term Debt to Equity 0.15 0.15 0.15 0.15 0.16 0.18 0.16 0.21 0.32 0.36 0.46 0.47 0.37 0.51 0.61 0.50 0.81 0.67 0.56 0.52

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -16.54 37.67 -29.12 -36.73 14.05
ROE -21.68 56.00 -78.63 -74.90 23.81
Gross Margin
Operating Margin -80.42 53.49 -113.41 -189.25 21.47
EBITDA Margin -64.55 56.72 -98.24 -176.38 23.68
Net Profit Margin -81.25 52.93 -113.45 -190.29 21.47
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 -32.01 -19.99 -8.78 -7.16 -4.92 -2.41 25.77 32.27 36.89 -12.48 -21.42 -9.51 -41.62 -24.80 -9.11
ROE -41.99 -26.40 -11.38 -9.24 -6.40 -3.32 43.09 51.17 57.17 -28.54 -67.29 -28.08 -87.97 -46.83 -15.89
Gross Margin
Operating Margin -368.08 -551.28 -478.67 -41.28 -43.66 -57.98 47.84 66.05 82.90 -53.66 -2947.19 -3239.97 -823.23 -658.81 -333.01
EBITDA Margin -331.88 -497.79 -428.72 -27.48 -29.43 -41.96 50.93 67.46 83.63 -40.99 -2654.41 -2815.81 -787.27 -630.22 -314.98
Net Profit Margin -368.62 -551.73 -479.24 -41.39 -43.73 -58.05 47.48 65.56 82.43 -53.66 -2947.19 -3239.97 -823.23 -658.81 -333.01

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 393,050.00 351,281.00 159,356.00 193,855.00 261,584.00
   Current Assets 276,809.00 319,684.00 124,499.00 136,698.00 197,769.00
      Cash and Short-Term Investments 332,400.00 230,900.00 118,800.00 433,454.00 493,114.00
            Cash and Cash Equivalents 250,341.00 265,569.00 374,131.00 418,348.00 416,416.00
            Short-Term Investments 195,317.00 162,073.00 19,889.00 15,106.00 76,698.00
      Net Receivables 1,504.00 80,150.00 382.00 16.00 95.00
      Inventory 0 0 0 0 0
      Other Current Assets -57,095.00 8,634.00 5,317.00 -296,772.00 -295,440.00
   Non-Current Assets 116,241.00 31,597.00 34,857.00 57,157.00 63,815.00
      Property, Plant, Equipment Net 47,663.00 30,004.00 33,342.00 55,378.00 61,499.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 65,704.00 0 0 0 0
      Non-Current Deferred Assets 7,867.00 1,675.00 17,984.00 11,485.00 12,176.00
      Other Non-Current Assets -4,993.00 -82.00 -16,469.00 -9,706.00 -9,860.00
Liabilities 93,290.00 114,961.00 100,336.00 98,800.00 107,264.00
   Current Liabilities 49,788.00 64,508.00 72,591.00 50,981.00 26,766.00
      Payables and Expenses 18,167.00 18,427.00 10,382.00 11,524.00 14,839.00
            Account Payables 3,996.00 1,604.00 2,566.00 574.00 634.00
            Current Accrued Liabilities 14,171.00 16,823.00 7,816.00 10,950.00 14,205.00
      Short-Term Debt 7,227.00 3,200.00 2,832.00 5,571.00 4,198.00
      Other Current Liabilities 24,394.00 42,881.00 59,377.00 33,886.00 7,729.00
   Non-Current Liabilities 43,502.00 50,453.00 27,745.00 47,819.00 80,498.00
      Long-Term Debt 36,499.00 17,093.00 20,294.00 38,608.00 43,409.00
      Other Non-Current Liabilities 7,003.00 33,360.00 7,451.00 9,211.00 37,089.00
Equity 299,760.00 236,320.00 59,020.00 95,055.00 154,320.00
   Shareholders Equity 299,760.00 236,320.00 59,020.00 95,055.00 154,320.00
      Capital Stock 55.00 44.00 38.00 38.00 37.00
      Share Premium 626,296.00 497,506.00 452,713.00 442,259.00 430,324.00
      Retained Earnings -326,184.00 -261,182.00 -393,512.00 -347,104.00 -275,907.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -407.00 -48.00 -219.00 -138.00 -134.00
   Minority Interest 0 0 0 0 0
Investments 261,021.00 162,073.00 19,889.00 15,106.00 76,698.00
Debt 43,726.00 17,093.00 20,294.00 44,179.00 47,607.00
Common Shares Outstanding 54,731.32 44,038.33 38,613.89 37,918.39 37,368.03
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 80,001.00 250,008.00 40,907.00 37,415.00 171,128.00
Operating Expenses 163,288.00 127,994.00 91,744.00 111,033.00 143,744.00
   Selling, General and Administrative Expenses 35,920.00 35,822.00 30,980.00 37,246.00 34,991.00
   Research and Development Expenses 127,368.00 92,172.00 60,764.00 73,787.00 108,753.00
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00
Operating Income -83,287.00 122,014.00 -50,837.00 -73,618.00 27,384.00
Net Non-Operating Income 18,950.00 11,724.00 4,445.00 2,421.00 9,357.00
Interest Expense 0.00 0.00 0.00 390.00 0.00
Net Interest 18,328.00 11,721.00 1,792.00 -390.00 1,659.00
EBT -64,337.00 133,738.00 -46,392.00 -71,197.00 36,741.00
Income Tax 665.00 1,408.00 16.00 0.00 0.00
Net Income -65,002.00 132,330.00 -46,408.00 -71,197.00 36,741.00
EBIT -64,337.00 133,738.00 -46,392.00 -70,807.00 36,741.00
Deprecation and Amortization 12,700.00 8,067.00 6,207.00 4,816.00 3,790.00
EBITDA -51,637.00 141,805.00 -40,185.00 -65,991.00 40,531.00
EPS -0.00 0.00 -0.00 -0.00 0.00
Diluted EPS -0.00 0.00 -0.00 -0.00 0.00
Average Shares Outstanding Basic 57,667.54 43,020.75 38,356.81 37,668.95 37,132.45
Average Shares Outstanding Diluted 57,667.54 44,569.33 38,356.81 37,668.95 37,348.51
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -15,310.00 77,919.00 -12,509.00 -53,525.00 -96,716.00
   Operating Net Income -65,002.00 132,330.00 -46,408.00 -71,197.00 36,741.00
   Deprecation and Amortization 12,700.00 8,067.00 6,207.00 4,816.00 3,790.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 14,785.00 11,153.00 9,344.00 11,324.00 14,934.00
   Change in Working Capital -124,441.00 94,700.00 20,772.00 -10,496.00 -160,316.00
   Other Operating Activities 146,648.00 -168,331.00 -2,424.00 12,028.00 8,135.00
Investing Cash Flow -94,859.00 -141,643.00 -7,339.00 65,906.00 112,995.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 3,521.00 3,256.00 2,491.00 1,609.00 12,097.00
   Net Purchase/Sale of Investments Net 840,032.00 309,549.00 104,848.00 97,749.00 265,898.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -938,412.00 -454,448.00 -114,678.00 -33,452.00 -165,000.00
Financing Cash Flow 114,015.00 33,645.00 1,110.00 612.00 3,163.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 93,861.00 32,973.00 629.00 28.00 2,319.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 20,154.00 672.00 481.00 584.00 844.00
Net Change in Cash 3,846.00 -30,079.00 -18,738.00 12,993.00 19,442.00
   Cash at Beginning of Period 70,395.00 100,474.00 119,212.00 106,219.00 86,777.00
   Cash at End of Period 74,241.00 70,395.00 100,474.00 119,212.00 106,219.00
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 288,311.00 322,101.00 353,240.00 393,050.00 426,041.00 436,225.00 469,592.00 351,281.00 294,653.00 315,536.00 336,294.00 159,356.00 182,480.00 188,605.00 224,182.00 193,855.00 184,774.00 208,727.00 237,717.00 261,584.00
   Current Assets 219,585.00 227,889.00 245,206.00 276,809.00 373,443.00 381,570.00 409,137.00 319,684.00 261,925.00 282,176.00 302,625.00 124,499.00 146,942.00 151,628.00 170,651.00 136,698.00 126,204.00 148,649.00 175,837.00 197,769.00
      Cash and Short-Term Investments 229,000.00 262,000.00 295,100.00 332,400.00 345,400.00 371,000.00 400,500.00 230,900.00 252,900.00 272,700.00 273,300.00 118,800.00 131,600.00 148,100.00 166,800.00 433,454.00 121,500.00 143,000.00 153,100.00 493,114.00
            Cash and Cash Equivalents 164,618.00 158,129.00 280,940.00 250,341.00 432,001.00 267,689.00 291,410.00 265,569.00 239,563.00 959,595.00 1,050,496.00 374,131.00 375,989.00 305,015.00 366,923.00 418,348.00 427,552.00 460,432.00 445,264.00 416,416.00
            Short-Term Investments 163,805.00 171,653.00 161,264.00 195,317.00 232,835.00 294,894.00 256,490.00 162,073.00 187,667.00 28,453.00 4,993.00 19,889.00 34,778.00 69,727.00 34,960.00 15,106.00 10,024.00 25,137.00 43,707.00 76,698.00
      Net Receivables 3,186.00 1,674.00 1,623.00 1,504.00 15,954.00 1,702.00 837.00 80,150.00 0 0 25,000.00 382.00 10,000.00 0 0 16.00 0 0 0 95.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets -12,601.00 -35,785.00 -51,517.00 -57,095.00 12,089.00 8,868.00 7,800.00 8,634.00 9,025.00 9,476.00 4,325.00 5,317.00 5,342.00 3,528.00 3,851.00 -296,772.00 4,704.00 5,649.00 22,737.00 -295,440.00
   Non-Current Assets 68,726.00 94,212.00 108,034.00 116,241.00 52,598.00 54,655.00 60,455.00 31,597.00 32,728.00 33,360.00 33,669.00 34,857.00 35,538.00 36,977.00 53,531.00 57,157.00 58,570.00 60,078.00 61,880.00 63,815.00
      Property, Plant, Equipment Net 43,031.00 44,892.00 46,057.00 47,663.00 49,724.00 51,781.00 56,585.00 30,004.00 31,135.00 31,767.00 32,154.00 33,342.00 34,023.00 35,462.00 51,752.00 55,378.00 56,791.00 57,831.00 59,633.00 61,499.00
      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 20,081.00 46,446.00 59,103.00 65,704.00 0 0 980.00 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 7,867.00 0 0 0 1,675.00 0 0 0 17,984.00 0 0 0 11,485.00 0 0 0 12,176.00
      Other Non-Current Assets 5,614.00 2,874.00 2,874.00 -4,993.00 2,874.00 2,874.00 2,890.00 -82.00 1,593.00 1,593.00 1,515.00 -16,469.00 1,515.00 1,515.00 1,779.00 -9,706.00 1,779.00 2,247.00 2,247.00 -9,860.00
Liabilities 68,486.00 78,157.00 80,538.00 93,290.00 95,731.00 100,808.00 128,706.00 114,961.00 118,433.00 116,510.00 119,333.00 100,336.00 102,657.00 128,553.00 148,251.00 98,800.00 97,352.00 98,191.00 101,509.00 107,264.00
   Current Liabilities 35,495.00 41,983.00 40,212.00 49,788.00 44,210.00 40,130.00 72,553.00 64,508.00 61,688.00 45,398.00 19,939.00 72,591.00 73,242.00 97,932.00 101,677.00 50,981.00 26,701.00 24,688.00 24,751.00 26,766.00
      Payables and Expenses 17,069.00 13,829.00 11,687.00 18,167.00 14,602.00 12,878.00 15,174.00 18,427.00 14,321.00 10,719.00 11,337.00 10,382.00 13,866.00 8,403.00 8,935.00 11,524.00 11,916.00 11,749.00 13,712.00 14,839.00
            Account Payables 2,116.00 1,804.00 2,634.00 3,996.00 3,160.00 2,605.00 7,579.00 1,604.00 3,270.00 1,659.00 3,698.00 2,566.00 1,337.00 1,218.00 1,200.00 574.00 592.00 790.00 3,177.00 634.00
            Current Accrued Liabilities 14,953.00 12,025.00 9,053.00 14,171.00 11,442.00 10,273.00 7,595.00 16,823.00 11,051.00 9,060.00 7,639.00 7,816.00 12,529.00 7,185.00 7,735.00 10,950.00 11,324.00 10,959.00 10,535.00 14,205.00
      Short-Term Debt 7,848.00 7,637.00 7,430.00 7,227.00 6,979.00 6,736.00 5,940.00 3,200.00 3,106.00 3,013.00 2,922.00 2,832.00 2,746.00 2,526.00 5,748.00 5,571.00 5,248.00 4,870.00 4,596.00 4,198.00
      Other Current Liabilities 10,578.00 20,517.00 21,095.00 24,394.00 22,629.00 20,516.00 51,439.00 42,881.00 44,261.00 31,666.00 5,680.00 59,377.00 56,630.00 87,003.00 86,994.00 33,886.00 9,537.00 8,069.00 6,443.00 7,729.00
   Non-Current Liabilities 32,991.00 36,174.00 40,326.00 43,502.00 51,521.00 60,678.00 56,153.00 50,453.00 56,745.00 71,112.00 99,394.00 27,745.00 29,415.00 30,621.00 46,574.00 47,819.00 70,651.00 73,503.00 76,758.00 80,498.00
      Long-Term Debt 30,520.00 32,567.00 34,566.00 36,499.00 38,368.00 40,205.00 41,995.00 17,093.00 17,919.00 18,729.00 19,521.00 20,294.00 21,024.00 21,741.00 37,124.00 38,608.00 40,011.00 40,846.00 42,143.00 43,409.00
      Other Non-Current Liabilities 2,471.00 3,607.00 5,760.00 7,003.00 13,153.00 20,473.00 14,158.00 33,360.00 38,826.00 52,383.00 79,873.00 7,451.00 8,391.00 8,880.00 9,450.00 9,211.00 30,640.00 32,657.00 34,615.00 37,089.00
Equity 219,825.00 243,944.00 272,702.00 299,760.00 330,310.00 335,417.00 340,886.00 236,320.00 176,220.00 199,026.00 216,961.00 59,020.00 79,823.00 60,052.00 75,931.00 95,055.00 87,422.00 110,536.00 136,208.00 154,320.00
   Shareholders Equity 219,825.00 243,944.00 272,702.00 299,760.00 330,310.00 335,417.00 340,886.00 236,320.00 176,220.00 199,026.00 216,961.00 59,020.00 79,823.00 60,052.00 75,931.00 95,055.00 87,422.00 110,536.00 136,208.00 154,320.00
      Capital Stock 56.00 56.00 55.00 55.00 55.00 54.00 54.00 44.00 44.00 44.00 43.00 38.00 38.00 38.00 38.00 38.00 38.00 38.00 38.00 37.00
      Share Premium 638,241.00 634,696.00 630,051.00 626,296.00 621,985.00 618,538.00 613,850.00 497,506.00 494,001.00 490,791.00 486,518.00 452,713.00 450,008.00 447,888.00 444,539.00 442,259.00 440,325.00 438,300.00 433,849.00 430,324.00
      Retained Earnings -418,479.00 -390,587.00 -357,205.00 -326,184.00 -291,697.00 -282,653.00 -272,512.00 -261,182.00 -317,577.00 -291,676.00 -269,468.00 -393,512.00 -369,886.00 -387,510.00 -368,423.00 -347,104.00 -352,813.00 -327,676.00 -297,556.00 -275,907.00
      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 7.00 -221.00 -199.00 -407.00 -33.00 -522.00 -506.00 -48.00 -248.00 -133.00 -132.00 -219.00 -337.00 -364.00 -223.00 -138.00 -128.00 -126.00 -123.00 -134.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 183,886.00 218,099.00 220,367.00 261,021.00 232,835.00 294,894.00 257,470.00 162,073.00 187,667.00 28,453.00 4,993.00 19,889.00 34,778.00 69,727.00 34,960.00 15,106.00 10,024.00 25,137.00 43,707.00 76,698.00
Debt 38,368.00 40,204.00 41,996.00 43,726.00 38,368.00 40,205.00 41,995.00 17,093.00 17,919.00 18,729.00 19,521.00 20,294.00 21,024.00 21,741.00 37,124.00 44,179.00 45,259.00 45,716.00 46,739.00 47,607.00
Common Shares Outstanding 55,482.26 55,434.96 55,209.49 54,731.32 54,542.05 54,472.11 54,318.13 44,038.33 43,909.16 43,759.41 43,435.89 38,613.89 38,520.34 38,439.25 38,241.97 37,918.39 37,781.79 37,772.22 37,556.06 37,368.03
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 25,038.00 11,673.00 6,473.00 -62,332.00 73,723.00 49,094.00 19,516.00 -215,752.00 159,947.00 155,333.00 150,480.00 -3,579.00 42,457.00 1,371.00 658.00 13,714.00 9,342.00 7,858.00 6,501.00
Operating Expenses 126,950.00 82,991.00 41,166.00 -71,424.00 118,711.00 80,302.00 35,699.00 -49,473.00 91,996.00 57,875.00 27,596.00 -41,082.00 68,731.00 42,087.00 22,008.00 -71,751.00 88,662.00 62,032.00 32,090.00
   Selling, General and Administrative Expenses 28,228.00 20,135.00 9,640.00 -18,371.00 26,926.00 18,758.00 8,607.00 -16,108.00 25,580.00 17,322.00 9,028.00 -14,408.00 22,518.00 15,211.00 7,659.00 -21,574.00 28,895.00 20,181.00 9,744.00
   Research and Development Expenses 98,722.00 62,856.00 31,526.00 -53,053.00 91,785.00 61,544.00 27,092.00 -33,365.00 66,416.00 40,553.00 18,568.00 -26,674.00 46,213.00 26,876.00 14,349.00 -50,177.00 59,767.00 41,851.00 22,346.00
   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 0.00 0.00
Operating Income -101,912.00 -71,318.00 -34,693.00 9,092.00 -44,988.00 -31,208.00 -16,183.00 -166,279.00 67,951.00 97,458.00 122,884.00 37,503.00 -26,274.00 -40,716.00 -21,350.00 85,465.00 -79,320.00 -54,174.00 -25,589.00
Net Non-Operating Income 9,752.00 6,967.00 3,709.00 -10,246.00 14,554.00 9,775.00 4,867.00 -3,851.00 8,570.00 5,141.00 1,864.00 612.00 3,492.00 310.00 31.00 -6,338.00 2,414.00 2,405.00 3,940.00
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 0.00 390.00 0.00 0.00 0.00
Net Interest 8,507.00 6,122.00 3,291.00 -10,628.00 14,334.00 9,755.00 4,867.00 -3,848.00 8,567.00 5,138.00 1,864.00 674.00 816.00 271.00 31.00 -794.00 253.00 132.00 19.00
EBT -92,160.00 -64,351.00 -30,984.00 -1,154.00 -30,434.00 -21,433.00 -11,316.00 -170,130.00 76,521.00 102,599.00 124,748.00 38,115.00 -22,782.00 -40,406.00 -21,319.00 79,127.00 -76,906.00 -51,769.00 -21,649.00
Income Tax 135.00 52.00 37.00 532.00 81.00 38.00 14.00 -645.00 586.00 763.00 704.00 16.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income -92,295.00 -64,403.00 -31,021.00 -1,686.00 -30,515.00 -21,471.00 -11,330.00 -169,485.00 75,935.00 101,836.00 124,044.00 38,099.00 -22,782.00 -40,406.00 -21,319.00 79,127.00 -76,906.00 -51,769.00 -21,649.00
EBIT -92,160.00 -64,351.00 -30,984.00 -1,154.00 -30,434.00 -21,433.00 -11,316.00 -170,130.00 76,521.00 102,599.00 124,748.00 38,115.00 -22,782.00 -40,406.00 -21,319.00 79,517.00 -76,906.00 -51,769.00 -21,649.00
Deprecation and Amortization 9,063.00 6,244.00 3,233.00 -7,586.00 10,176.00 6,983.00 3,127.00 -149.00 4,938.00 2,186.00 1,092.00 -5,978.00 5,380.00 4,014.00 2,791.00 -1,961.00 3,359.00 2,246.00 1,172.00
EBITDA -83,097.00 -58,107.00 -27,751.00 -8,740.00 -20,258.00 -14,450.00 -8,189.00 -170,279.00 81,459.00 104,785.00 125,840.00 32,137.00 -17,402.00 -36,392.00 -18,528.00 77,556.00 -73,547.00 -49,523.00 -20,477.00
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 -0.00 -0.00 0.00 -0.00 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 -0.00 -0.00 0.00 -0.00 0 0
Average Shares Outstanding Basic 58,608.07 58,508.99 58,349.77 58,569.22 57,564.41 57,419.49 57,117.05 48,386.68 40,962.12 42,102.10 40,632.09 38,902.12 38,292.50 38,183.19 38,049.43 113,052.48 37,623.31 0 0
Average Shares Outstanding Diluted 58,608.07 58,508.99 58,349.77 58,569.22 57,564.41 57,419.49 57,117.05 49,734.29 42,610.72 43,771.00 42,161.33 38,902.12 38,292.50 38,183.19 38,049.43 113,052.48 37,623.31 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
Operating Cash Flow -102,204.00 -71,156.00 -37,895.00 -100,483.00 -781.00 27,187.00 58,767.00 -270,055.00 101,679.00 122,730.00 123,565.00 -62,611.00 -265.00 15,941.00 34,426.00 76,500.00 -64,720.00 -44,011.00 -21,294.00
   Operating Net Income -92,295.00 -64,403.00 -31,021.00 -1,686.00 -30,515.00 -21,471.00 -11,330.00 -169,485.00 75,935.00 101,836.00 124,044.00 38,099.00 -22,782.00 -40,406.00 -21,319.00 79,127.00 -76,906.00 -51,769.00 -21,649.00
   Deprecation and Amortization 9,063.00 6,244.00 3,233.00 -7,586.00 10,176.00 6,983.00 3,127.00 -149.00 4,938.00 2,186.00 1,092.00 -5,978.00 5,380.00 4,014.00 2,791.00 -1,961.00 3,359.00 2,246.00 1,172.00
   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 11,266.00 7,806.00 3,673.00 -7,451.00 11,048.00 7,615.00 3,573.00 -4,743.00 8,108.00 5,230.00 2,558.00 -4,782.00 6,998.00 4,809.00 2,319.00 -9,539.00 9,670.00 7,592.00 3,601.00
   Change in Working Capital -24,546.00 -13,137.00 -13,501.00 191,597.00 -107,080.00 -117,372.00 -91,586.00 16,707.00 18,440.00 16,912.00 42,641.00 -107,869.00 32,445.00 46,839.00 49,357.00 14,868.00 -11,743.00 -8,255.00 -5,366.00
   Other Operating Activities -5,692.00 -7,666.00 -279.00 -275,357.00 115,590.00 151,432.00 154,983.00 -112,385.00 -5,742.00 -3,434.00 -46,770.00 17,919.00 -22,306.00 685.00 1,278.00 -5,995.00 10,900.00 6,175.00 948.00
Investing Cash Flow 78,022.00 43,134.00 41,201.00 200,870.00 -67,656.00 -132,008.00 -96,065.00 22,514.00 -168,476.00 -10,172.00 14,491.00 90,193.00 -21,406.00 -56,128.00 -19,998.00 -97,119.00 71,370.00 57,030.00 34,625.00
   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 1,970.00 1,763.00 658.00 -5,094.00 3,366.00 3,108.00 2,141.00 -1,473.00 2,501.00 1,719.00 509.00 -385.00 1,558.00 1,280.00 38.00 -630.00 1,262.00 602.00 375.00
   Net Purchase/Sale of Investments Net 121,426.00 114,790.00 195,707.00 7,654.00 334,667.00 293,859.00 203,852.00 86,121.00 194,975.00 28,453.00 0 -24,808.00 54,848.00 54,848.00 19,960.00 5,117.00 0 57,632.00 35,000.00
   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 -45,374.00 -73,419.00 -155,164.00 198,310.00 -405,689.00 -428,975.00 -302,058.00 -62,134.00 -365,952.00 -40,344.00 13,982.00 115,386.00 -77,812.00 -112,256.00 -39,996.00 -101,606.00 70,108.00 -1,204.00 -750.00
Financing Cash Flow 680.00 595.00 82.00 -225,709.00 113,441.00 113,427.00 112,856.00 -63,700.00 33,185.00 32,854.00 31,306.00 -555.00 834.00 819.00 12.00 -186.00 385.00 385.00 28.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 246.00 161.00 82.00 -187,065.00 93,734.00 93,641.00 93,551.00 -63,818.00 32,950.00 32,535.00 31,306.00 -572.00 602.00 587.00 12.00 -56.00 28.00 28.00 28.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 434.00 434.00 0.00 -38,644.00 19,707.00 19,786.00 19,305.00 118.00 235.00 319.00 0.00 17.00 232.00 232.00 0.00 -130.00 357.00 357.00 0.00
Net Change in Cash -23,502.00 -27,427.00 3,388.00 -125,322.00 45,004.00 8,606.00 75,558.00 -311,241.00 -33,612.00 145,412.00 169,362.00 27,027.00 -20,837.00 -39,368.00 14,440.00 -20,805.00 7,035.00 13,404.00 13,359.00
   Cash at Beginning of Period 74,241.00 74,241.00 74,241.00 199,563.00 70,395.00 70,395.00 70,395.00 381,636.00 100,474.00 100,474.00 100,474.00 73,447.00 119,212.00 119,212.00 119,212.00 140,017.00 106,219.00 106,219.00 106,219.00
   Cash at End of Period 50,739.00 46,814.00 77,629.00 74,241.00 115,399.00 79,001.00 145,953.00 70,395.00 66,862.00 245,886.00 269,836.00 100,474.00 98,375.00 79,844.00 133,652.00 119,212.00 113,254.00 119,623.00 119,578.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0