WAVE
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -27.50 | -3.88 | -5.32 | -8.98 |
| Price to Sales | 364.24 | 22.50 | 633.30 | 695.23 |
| Book Value Per Common Share | 0.18 | 0.18 | 0.22 | 0.33 |
| Price to Book | 60.77 | 6.92 | 13.38 | 12.99 |
| Price to Operating Cash Flow | -33.68 | -2.65 | -6.71 | -8.48 |
| Price to Free Cash Flow | -33.07 | -2.64 | -6.70 | -8.44 |
| Enterprise Value to EBITDA |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Price to Earnings | -25.63 | -78.63 | -61.67 | -36.50 | |
| Price to Sales | 3055.56 | ||||
| Book Value Per Common Share | 0.15 | 0.17 | 0.18 | 0.14 | 0.15 |
| Price to Book | 40.46 | 37.42 | 60.77 | 42.50 | 19.49 |
| Price to Operating Cash Flow | |||||
| 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 | -45.10 | 1076.92 | -16.13 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| 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 | 1.64 | 1.51 | 1.86 | 2.94 |
| Quick Ratio | 4.09 | 4.05 | 5.54 | 16.26 |
| Current Ratio | 4.22 | 4.11 | 5.66 | 16.70 |
| Debt to Equity | 0.29 | 0.28 | 0.21 | 0.13 |
| Long-Term Debt to Equity | 0.02 | 0.01 | 0.02 | 0.07 |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 1.33 | 1.55 | 0.19 | 1.26 | 1.34 |
| Quick Ratio | 3.29 | 3.65 | 4.09 | 3.23 | 3.43 |
| Current Ratio | 3.38 | 3.74 | 4.22 | 3.26 | 3.46 |
| Debt to Equity | 0.36 | 0.33 | 0.29 | 0.37 | 0.35 |
| Long-Term Debt to Equity | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -19.44 | -17.08 | -24.34 | -14.10 |
| ROE | -25.02 | -21.92 | -29.38 | -15.93 |
| Gross Margin | 75.00 | 80.72 | 15.38 | 12.90 |
| Operating Margin | -1224.40 | -595.10 | -10973.08 | -7400.00 |
| EBITDA Margin | -1144.64 | -539.54 | -10169.23 | -6600.00 |
| Net Profit Margin | -1236.31 | -558.82 | -11157.69 | -7570.97 |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| ROA | -14.70 | -4.88 | -4.93 | -6.64 | -5.51 |
| ROE | -19.95 | -6.49 | -6.35 | -9.11 | -7.42 |
| Gross Margin | 75.00 | ||||
| Operating Margin | -312.50 | ||||
| EBITDA Margin | -312.50 | ||||
| Net Profit Margin | -313.69 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 10,682.00 | 10,009.00 | 11,917.00 | 16,647.00 |
| Current Assets | 9,445.00 | 8,756.00 | 10,519.00 | 15,080.00 |
| Cash and Short-Term Investments | 9,099.00 | 8,383.00 | 10,295.00 | 14,621.00 |
| Cash and Cash Equivalents | 7,845.00 | 4,281.00 | 5,295.00 | 14,621.00 |
| Short-Term Investments | 1,254.00 | 4,102.00 | 5,000.00 | 0 |
| Net Receivables | 68.00 | 234.00 | 9.00 | 60.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 278.00 | 139.00 | 215.00 | 399.00 |
| Non-Current Assets | 1,237.00 | 1,253.00 | 1,398.00 | 1,567.00 |
| Property, Plant, Equipment Net | 756.00 | 726.00 | 888.00 | 1,296.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 481.00 | 527.00 | 510.00 | 272.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0.00 | 0.00 | 0.00 | -1.00 |
| Liabilities | 2,382.00 | 2,208.00 | 2,043.00 | 1,914.00 |
| Current Liabilities | 2,239.00 | 2,130.00 | 1,859.00 | 903.00 |
| Payables and Expenses | 1,039.00 | 1,007.00 | 808.00 | 556.00 |
| Account Payables | 70.00 | 50.00 | 75.00 | 46.00 |
| Current Accrued Liabilities | 799.00 | 718.00 | 505.00 | 428.00 |
| Short-Term Debt | 1,200.00 | 1,123.00 | 1,051.00 | 347.00 |
| Other Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Liabilities | 143.00 | 78.00 | 184.00 | 1,011.00 |
| Long-Term Debt | 143.00 | 78.00 | 184.00 | 1,011.00 |
| Other Non-Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity | 8,300.00 | 7,801.00 | 9,874.00 | 14,733.00 |
| Shareholders Equity | 8,458.00 | 7,950.00 | 9,874.00 | 14,733.00 |
| Capital Stock | 102.00 | 98.00 | 98.00 | 98.00 |
| Share Premium | 25,845.00 | 23,121.00 | 23,121.00 | 23,121.00 |
| Retained Earnings | -15,071.00 | -12,994.00 | -11,284.00 | -8,383.00 |
| Treasury Shares | 50.00 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -2,368.00 | -2,275.00 | -2,061.00 | -103.00 |
| Minority Interest | -158.00 | -149.00 | 0 | 0 |
| Debt | 1,343.00 | 1,201.00 | 1,235.00 | 1,358.00 |
| Common Shares Outstanding | 46,733.84 | 44,394.84 | 44,394.84 | 44,394.84 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 168.00 | 306.00 | 26.00 | 31.00 |
| Cost Of Revenue | 42.00 | 59.00 | 22.00 | 27.00 |
| Interest Income | 434.00 | 405.00 | 2.00 | 0 |
| Interest Expense | 51.00 | 45.00 | 48.00 | 53.00 |
| Non-Interest Expense | 1,972.00 | 2,064.00 | 2,624.00 | 2,278.00 |
| Gross Profit | 126.00 | 247.00 | 4.00 | 4.00 |
| Operating Expenses | 2,385.00 | 2,641.00 | 3,590.00 | 3,064.00 |
| Selling, General and Administrative Expenses | 1,972.00 | 2,064.00 | 2,624.00 | 2,278.00 |
| Research and Development Expenses | 536.00 | 519.00 | 898.00 | 670.00 |
| Other Operating Expenses | -225.00 | -17.00 | -28.00 | -10.00 |
| Operating Income | -2,259.00 | -2,394.00 | -3,586.00 | -3,060.00 |
| EBT | -2,108.00 | -1,866.00 | -2,901.00 | -2,347.00 |
| Income Tax | 0 | 0 | 0 | 0 |
| Net Income Including Non-Controlling Interests | -2,108.00 | -1,866.00 | -2,901.00 | -2,347.00 |
| Net Income Non-Controlling Interests | 31.00 | 156.00 | 0 | 0 |
| Net Income | -2,077.00 | -1,710.00 | -2,901.00 | -2,347.00 |
| EBIT | -2,057.00 | -1,821.00 | -2,853.00 | -2,294.00 |
| Deprecation and Amortization | 134.00 | 170.00 | 209.00 | 248.00 |
| EBITDA | -1,923.00 | -1,651.00 | -2,644.00 | -2,046.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 5,562.62 | 5,549.36 | 5,549.36 | 4,979.11 |
| Average Shares Outstanding Diluted | 5,562.62 | 5,549.36 | 5,549.36 | 4,979.11 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -1,817.00 | -2,601.00 | -2,462.00 | -2,530.00 |
| Operating Net Income | -2,108.00 | -1,866.00 | -2,901.00 | -2,347.00 |
| Deprecation and Amortization | 134.00 | 170.00 | 209.00 | 248.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 |
| Change in Working Capital | 161.00 | -564.00 | 51.00 | -156.00 |
| Other Operating Activities | -4.00 | -341.00 | 179.00 | -275.00 |
| Investing Cash Flow | 2,926.00 | 1,223.00 | -5,301.00 | -130.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -33.00 | -6.00 | -3.00 | -13.00 |
| Net Purchase/Sale of Investments Net | 2,595.00 | 1,000.00 | -5,000.00 | 0 |
| Net Purchase/Sale of Business | -32.00 | -50.00 | -298.00 | -117.00 |
| Other Investing Activities | 396.00 | 279.00 | 0.00 | 0.00 |
| Financing Cash Flow | 2,577.00 | -81.00 | -320.00 | 7,861.00 |
| Net Issuance/Repayment of Debt | -98.00 | -75.00 | -317.00 | -96.00 |
| Net Issuance/Repurchase of Equity | 2,678.00 | 0 | 0 | 7,964.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -3.00 | -6.00 | -3.00 | -7.00 |
| Net Change in Cash | 3,686.00 | -1,459.00 | -8,083.00 | 5,201.00 |
| Cash at Beginning of Period | 4,281.00 | 5,295.00 | 14,621.00 | 10,734.00 |
| Cash at End of Period | 7,845.00 | 4,281.00 | 5,295.00 | 14,621.00 |
| Free Cash Flow | -1,850.00 | -2,607.00 | -2,465.00 | -2,543.00 |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Assets | 9,371.00 | 10,225.00 | 10,682.00 | 8,272.00 | 8,723.00 |
| Current Assets | 8,069.00 | 8,976.00 | 9,445.00 | 7,154.00 | 7,599.00 |
| Cash and Short-Term Investments | 7,741.00 | 8,581.00 | 9,099.00 | 6,973.00 | 7,421.00 |
| Cash and Cash Equivalents | 6,458.00 | 7,314.00 | 7,845.00 | 6,973.00 | 7,421.00 |
| Short-Term Investments | 1,283.00 | 1,267.00 | 1,254.00 | 0 | 0 |
| Net Receivables | 125.00 | 170.00 | 68.00 | 119.00 | 117.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 203.00 | 225.00 | 278.00 | 62.00 | 61.00 |
| Non-Current Assets | 1,302.00 | 1,249.00 | 1,237.00 | 1,118.00 | 1,124.00 |
| Property, Plant, Equipment Net | 789.00 | 773.00 | 756.00 | 626.00 | 634.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 513.00 | 476.00 | 481.00 | 492.00 | 490.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Liabilities | 2,462.00 | 2,537.00 | 2,382.00 | 2,248.00 | 2,242.00 |
| Current Liabilities | 2,389.00 | 2,400.00 | 2,239.00 | 2,195.00 | 2,197.00 |
| Payables and Expenses | 1,075.00 | 1,151.00 | 1,039.00 | 1,086.00 | 1,073.00 |
| Account Payables | 124.00 | 105.00 | 70.00 | 166.00 | 66.00 |
| Current Accrued Liabilities | 0 | 0 | 799.00 | 0 | 0 |
| Short-Term Debt | 1,314.00 | 1,249.00 | 1,200.00 | 1,109.00 | 1,124.00 |
| Other Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Liabilities | 73.00 | 137.00 | 143.00 | 53.00 | 45.00 |
| Long-Term Debt | 73.00 | 137.00 | 143.00 | 53.00 | 45.00 |
| Other Non-Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity | 6,909.00 | 7,688.00 | 8,300.00 | 6,024.00 | 6,481.00 |
| Shareholders Equity | 7,087.00 | 7,858.00 | 8,458.00 | 6,185.00 | 6,649.00 |
| Capital Stock | 102.00 | 102.00 | 102.00 | 98.00 | 98.00 |
| Share Premium | 25,845.00 | 25,845.00 | 25,845.00 | 23,121.00 | 23,121.00 |
| Retained Earnings | -16,948.00 | -15,570.00 | -15,071.00 | -14,543.00 | -13,995.00 |
| Treasury Shares | 77.00 | 50.00 | 50.00 | 25.00 | 0 |
| Accumulated Other Comprehensive Income | -1,835.00 | -2,469.00 | -2,368.00 | -2,466.00 | -2,575.00 |
| Minority Interest | -178.00 | -170.00 | -158.00 | -161.00 | -168.00 |
| Debt | 1,387.00 | 1,386.00 | 1,343.00 | 1,162.00 | 1,169.00 |
| Common Shares Outstanding | 46,632.31 | 46,733.84 | 46,733.84 | 44,394.84 | 44,394.84 |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Revenues | 0 | 0 | 168.00 | 0 | 0 | 0 |
| Cost Of Revenue | 0 | 0 | 42.00 | 0 | 0 | 0 |
| Interest Income | 47.00 | 279.00 | 0 | 76.00 | 211.00 | 0 |
| Interest Expense | 611.00 | 19.00 | 11.00 | 13.00 | 12.00 | 0 |
| Non-Interest Expense | 596.00 | 616.00 | 445.00 | 496.00 | 558.00 | 0 |
| Gross Profit | 0 | 0 | 126.00 | 0 | 0 | 0 |
| Operating Expenses | 806.00 | 743.00 | 460.00 | 606.00 | 673.00 | 0 |
| Selling, General and Administrative Expenses | 596.00 | 616.00 | 445.00 | 496.00 | 558.00 | 0 |
| Research and Development Expenses | 218.00 | 181.00 | 102.00 | 114.00 | 143.00 | 0 |
| Other Operating Expenses | -8.00 | -54.00 | -189.00 | -4.00 | -28.00 | 0 |
| Operating Income | -806.00 | -743.00 | -334.00 | -606.00 | -673.00 | 0 |
| EBT | -1,387.00 | -505.00 | -536.00 | -554.00 | -491.00 | 0 |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income Including Non-Controlling Interests | -1,387.00 | -505.00 | -536.00 | -554.00 | -491.00 | 0 |
| Net Income Non-Controlling Interests | 9.00 | 6.00 | 9.00 | 5.00 | 10.00 | 0 |
| Net Income | -1,378.00 | -499.00 | -527.00 | -549.00 | -481.00 | 0 |
| EBIT | -776.00 | -486.00 | -525.00 | -541.00 | -479.00 | 0 |
| EBITDA | -776.00 | -486.00 | -525.00 | -541.00 | -479.00 | 0 |
| EPS | -0.00 | -0.00 | 0 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | 0 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 5,841.38 | 5,549.36 | 0 | 5,546.91 | 5,549.36 | 5,549.36 |
| Average Shares Outstanding Diluted | 5,841.38 | 5,549.36 | 0 | 5,546.91 | 5,549.36 | 5,549.36 |
| Breakdown |
|---|
| Operating Cash Flow |
| Operating Net Income |
| Deprecation and Amortization |
| Deferred Income Tax |
| Share Based Compensation |
| Change in Working Capital |
| Other Operating Activities |
| Investing Cash Flow |
| Capital Expenditure |
| Net Purchase/Sale of PPE |
| Net Purchase/Sale of Investments Net |
| Net Purchase/Sale of Business |
| Other Investing Activities |
| Financing Cash Flow |
| Net Issuance/Repayment of Debt |
| Net Issuance/Repurchase of Equity |
| Dividends Paid |
| Other Financing Activities |
| Net Change in Cash |
| Cash at Beginning of Period |
| Cash at End of Period |
| Free Cash Flow |