Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -39.62 -0.38
Price to Sales 6.77 0.33
Book Value Per Common Share 8.75 8.78 21.55 52.78
Price to Book 8.78 0.31
Price to Operating Cash Flow -72.53 -0.37
Price to Free Cash Flow -60.81 -0.36
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-03-31
Price to Earnings -399.04 242.92 -385.07 -136.90
Price to Sales 26.58 25.69 28.62 22.52 14.96
Book Value Per Common Share 10.12 9.65 9.02 8.75 7.45 1.34
Price to Book 10.65 9.56 9.82 8.78 5.69
Price to Operating Cash Flow 196.79 253.18 244.86 -676.58 -261.65
Price to Free Cash Flow 323.35 327.69 615.03 -345.44 -228.17
Enterprise Value to EBITDA 9657371.71 1508188.96 107067155.25 1499129.18

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 50.79 -13.69 10.60
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-03-31
Earning YoY
Revenue YoY 13.68 17.88 -8.91 24.41
EBITDA YoY -81.66 7345.34 -98.36
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 5.25 5.35 12.11 122.31
Quick Ratio 3.26 2.77 1.16 4.22
Current Ratio 3.61 3.10 1.47 4.77
Debt to Equity 0.71 0.84 0.94 0.43
Long-Term Debt to Equity 0.49 0.58 0.37 0.17
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-03-31
Cash Per Common Share 5.39 4.71 5.65 5.04 4.30 1.29
Quick Ratio 2.47 2.56 2.95 3.26 2.00 3.50
Current Ratio 2.71 2.87 3.25 3.61 2.41 4.08
Debt to Equity 0.69 0.67 0.73 0.71 1.00 0.57
Long-Term Debt to Equity 0.39 0.42 0.46 0.49 0.62 0.27

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -12.47 -41.97 -111.82 -44.29
ROE -21.32 -77.09 -216.39 -63.23
Gross Margin 63.64 44.43 -11.40 -7.82
Operating Margin -7.60 -84.02 -194.94 -114.31
EBITDA Margin -0.41 -67.37 -169.67 -104.03
Net Profit Margin -17.12 -86.77 -233.91 -115.64
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-03-31
ROA -1.55 2.33 -1.46 1.30 -2.03 -14.85
ROE -2.61 3.90 -2.54 2.22 -4.06 -23.34
Gross Margin 72.40 69.04 67.13 69.22 62.22 10.43
Operating Margin -2.78 11.08 -6.25 9.21 -10.12 -141.06
EBITDA Margin 2.76 17.11 0.27 15.02 -2.41 -130.30
Net Profit Margin -6.54 10.53 -7.49 5.69 -10.81 -142.56

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 2022-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 419,380.00 418,756.00 490,942.00 554,093.00 444,135.66
   Current Assets 197,968.00 182,339.00 212,622.00 483,544.00 1,371.71
      Cash and Short-Term Investments 141,185.00 130,148.00 123,933.00 400,569.00 1,094.68
            Cash and Cash Equivalents 85,212.00 99,681.00 123,933.00 400,569.00 1,094.68
            Short-Term Investments 55,973.00 30,467.00 0 0 0
      Net Receivables 37,629.00 32,816.00 43,342.00 26,563.00 0
      Inventory 10,650.00 8,777.00 13,665.00 33,456.00 0
      Other Current Assets 8,504.00 10,598.00 31,682.00 22,956.00 277.03
   Non-Current Assets 221,412.00 236,417.00 278,320.00 70,549.00 442,763.95
      Property, Plant, Equipment Net 58,506.00 59,379.00 84,285.00 62,719.00 0
      Goodwill 0 0 0 0 0
      Intangible Assets 158,600.00 172,625.00 186,650.00 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 4,306.00 4,413.00 7,385.00 0 0
Liabilities 174,133.00 190,739.00 237,237.00 165,990.00 15,593.37
   Current Liabilities 54,817.00 58,818.00 144,297.00 101,284.00 97.12
      Payables and Expenses 21,065.00 23,796.00 78,560.00 78,320.00 97.12
            Account Payables 7,954.00 10,238.00 46,017.00 44,693.00 0
            Current Accrued Liabilities 11,504.00 12,179.00 28,950.00 31,004.00 0
      Short-Term Debt 3,336.00 3,647.00 10,871.00 3,419.00 0
      Other Current Liabilities 30,416.00 31,375.00 54,866.00 19,545.00 0.00
   Non-Current Liabilities 119,316.00 131,921.00 92,940.00 64,706.00 15,496.25
      Long-Term Debt 112,832.00 115,626.00 66,263.00 11,000.00 0
      Other Non-Current Liabilities 6,484.00 16,295.00 26,677.00 53,706.00 0
Equity 245,247.00 228,017.00 253,705.00 388,103.00 428,542.29
   Shareholders Equity 245,247.00 228,017.00 253,705.00 388,103.00 5,000.00
      Capital Stock 2.00 2.00 1.00 24.00 0.19
      Share Premium 1,596,889.00 1,527,778.00 1,378,125.00 963,520.00 5,190.95
      Retained Earnings -1,352,474.00 -1,300,188.00 -1,124,421.00 -575,441.00 -192.24
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 830.00 425.00 0 0 0
   Minority Interest 0 0 0 0 0
Debt 116,168.00 119,273.00 77,134.00 11,000.00 0
Common Shares Outstanding 28,016.54 25,978.86 11,773.06 7,352.96 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 305,450.00 202,566.00 234,694.00 212,195.00 0
Cost Of Revenue 111,053.00 112,560.00 261,444.00 228,797.00 0
Interest Income 0 0 2,541.00 79.00 0
Interest Expense 0 0 3,207.00 2,835.00 100.00
Non-Interest Expense 168,481.00 194,711.00 338,242.00 318,726.00 0
Gross Profit 194,397.00 90,006.00 -26,750.00 -16,602.00 0
Operating Expenses 217,610.00 260,200.00 430,757.00 429,547.00 206.19
   Selling, General and Administrative Expenses 168,481.00 194,711.00 338,242.00 318,726.00 206.19
   Research and Development Expenses 45,722.00 58,266.00 86,203.00 105,162.00 0
   Other Operating Expenses 3,407.00 7,223.00 6,312.00 5,659.00 0.00
Operating Income -23,213.00 -170,194.00 -457,507.00 -446,149.00 -206.19
Net Non-Operating Income -13,014.00 1,619.00 57.00 5,114.00 13.95
EBT -52,629.00 -176,693.00 -598,032.00 -245,390.00 -192.24
Income Tax -343.00 -926.00 -49,052.00 0 0.00
Net Income Including Non-Controlling Interests -52,286.00 -175,767.00 -548,980.00 -245,390.00 -192.24
Net Income Non-Controlling Interests 0 0 0 0 0.00
Net Income -52,286.00 -175,767.00 -548,980.00 -245,390.00 -192.24
EBIT -23,213.00 -170,194.00 -457,507.00 -242,555.00 -92.24
Deprecation and Amortization 21,953.00 33,734.00 59,309.00 21,807.00 0.00
EBITDA -1,260.00 -136,460.00 -398,198.00 -220,748.00 0
EPS -0.00 -0.01 -0.05 -0.07 0
Diluted EPS -0.00 -0.01 -0.05 -0.07 0
Average Shares Outstanding Basic 26,891.21 24,311.99 10,236.96 3,275.07 0
Average Shares Outstanding Diluted 26,891.21 24,311.99 10,236.96 3,275.07 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -28,496.00 -180,147.00 -319,155.00 -190,434.00 -386.11
   Operating Net Income -52,286.00 -175,767.00 -548,980.00 -245,390.00 -192.24
   Deprecation and Amortization 21,953.00 33,734.00 59,309.00 21,807.00 0
   Deferred Income Tax -343.00 -926.00 -49,124.00 0 0
   Share Based Compensation 9,138.00 -326.00 41,975.00 219,421.00 0
   Change in Working Capital -24,745.00 -38,241.00 33,881.00 8,078.00 -179.91
   Other Operating Activities 17,787.00 1,379.00 143,784.00 -194,350.00 -13.95
Investing Cash Flow -30,132.00 -43,726.00 -141,326.00 -20,786.00 -442,750.00
   Capital Expenditure 0 0 0 0 0.00
   Net Purchase/Sale of PPE -5,491.00 -5,250.00 -7,156.00 -9,400.00 0
   Net Purchase/Sale of Investments Net -24,641.00 -29,905.00 0 0 -442,750.00
   Net Purchase/Sale of Business 0 -12,144.00 -127,004.00 0 0
   Other Investing Activities 0 3,573.00 -7,166.00 0 0.00
Financing Cash Flow 44,162.00 186,238.00 197,315.00 493,729.00 444,230.79
   Net Issuance/Repayment of Debt -3,225.00 42,951.00 -3,292.00 -13,469.00 -52.24
   Net Issuance/Repurchase of Equity 0 0 197,659.00 442,684.00 444,750.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0 0 2,948.00 64,514.00 -466.97
Net Change in Cash -14,466.00 -37,635.00 -263,166.00 282,509.00 1,094.68
   Cash at Beginning of Period 100,668.00 138,303.00 401,469.00 118,960.00 0
   Cash at End of Period 86,202.00 100,668.00 138,303.00 401,469.00 0
Free Cash Flow -33,987.00 -185,858.00 -333,477.00 -211,220.00 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-03-31 2021-03-31 2020-12-31
Assets 493,902.00 463,863.00 446,430.00 419,380.00 408,840.00 517,670.00 443,696.04 444,135.66
   Current Assets 237,583.00 204,837.00 225,816.00 197,968.00 186,010.00 410,424.00 921.17 1,371.71
      Cash and Short-Term Investments 155,079.00 134,558.00 159,160.00 141,185.00 116,460.00 315,002.00 627.41 1,094.68
            Cash and Cash Equivalents 95,968.00 74,120.00 99,704.00 85,212.00 57,894.00 315,002.00 627.41 1,094.68
            Short-Term Investments 59,111.00 60,438.00 59,456.00 55,973.00 58,566.00 0 0 0
      Net Receivables 60,938.00 48,028.00 46,059.00 37,629.00 38,480.00 37,642.00 0 0
      Inventory 10,569.00 11,932.00 12,662.00 10,650.00 10,770.00 36,318.00 0 0
      Other Current Assets 10,997.00 10,319.00 7,935.00 8,504.00 20,300.00 21,462.00 293.75 277.03
   Non-Current Assets 256,319.00 259,026.00 220,614.00 221,412.00 222,830.00 107,246.00 442,774.87 442,763.95
      Property, Plant, Equipment Net 66,622.00 65,098.00 61,266.00 58,506.00 56,388.00 99,393.00 0 0
      Goodwill 12,798.00 12,926.00 0 0 0 0 0 0
      Intangible Assets 172,585.00 176,689.00 155,094.00 158,600.00 162,106.00 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0
      Other Non-Current Assets 4,314.00 4,313.00 0 0 0 7,853.00 0 0
Liabilities 201,644.00 186,730.00 189,025.00 174,133.00 204,339.00 188,226.00 143,948.08 15,593.37
   Current Liabilities 87,621.00 71,406.00 69,541.00 54,817.00 77,342.00 100,639.00 1,491.73 97.12
      Payables and Expenses 29,217.00 32,791.00 32,762.00 21,065.00 20,824.00 0 1,491.73 97.12
            Account Payables 2,630.00 3,522.00 15,856.00 7,954.00 9,022.00 0 0 0
            Current Accrued Liabilities 26,371.00 28,116.00 14,025.00 11,504.00 11,075.00 0 0 0
      Short-Term Debt 4,429.00 3,083.00 3,124.00 3,336.00 3,698.00 0 0 0
      Other Current Liabilities 53,975.00 35,532.00 33,655.00 30,416.00 52,820.00 0 0.00 0.00
   Non-Current Liabilities 114,023.00 115,324.00 119,484.00 119,316.00 126,997.00 87,587.00 142,456.35 15,496.25
      Long-Term Debt 108,732.00 111,302.00 111,712.00 112,832.00 112,403.00 11,000.00 0 0
      Other Non-Current Liabilities 5,291.00 4,022.00 7,772.00 6,484.00 14,594.00 76,587.00 0 0
Equity 292,258.00 277,133.00 257,405.00 245,247.00 204,501.00 329,444.00 299,747.95 428,542.29
   Shareholders Equity 292,258.00 277,133.00 257,405.00 245,247.00 204,501.00 329,444.00 5,000.00 5,000.00
      Capital Stock 2.00 2.00 2.00 2.00 2.00 24.00 1.48 0.19
      Share Premium 1,647,083.00 1,624,513.00 1,615,501.00 1,596,889.00 1,561,493.00 981,757.00 103,376.94 5,190.95
      Retained Earnings -1,355,829.00 -1,348,194.00 -1,359,003.00 -1,352,474.00 -1,357,912.00 -652,337.00 -98,379.52 -192.24
      Treasury Shares 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 1,002.00 812.00 905.00 830.00 918.00 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0
Debt 113,161.00 114,385.00 114,836.00 116,168.00 116,101.00 11,000.00 0 0
Common Shares Outstanding 28,889.69 28,708.06 28,530.34 28,016.54 27,433.80 245,154.48 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2022-03-31 2021-03-31
Revenues 116,743.00 102,692.00 87,115.00 95,640.00 76,874.00 0 53,941.00 0
Cost Of Revenue 32,216.00 31,790.00 28,639.00 29,435.00 29,045.00 0 48,316.00 0
Interest Income 0 0 0 0 0 0 835.00 0
Interest Expense 0 817.00 640.00 0 0 894.00 808.00 100.00
Net Interest 0 0 0 0 0 0 27.00 0
Non-Interest Expense 67,195.00 46,384.00 50,450.00 45,026.00 43,170.00 0 0 0
Gross Profit 84,527.00 70,902.00 58,476.00 66,205.00 47,829.00 0 5,625.00 0
Operating Expenses 87,778.00 61,942.00 63,027.00 57,399.00 55,609.00 0 94,930.00 1,845.16
   Selling, General and Administrative Expenses 67,195.00 46,384.00 50,450.00 45,026.00 43,170.00 0 72,331.00 1,845.16
   Research and Development Expenses 19,829.00 14,870.00 12,577.00 11,588.00 11,665.00 0 21,315.00 0
   Other Operating Expenses 0 0 0 785.00 774.00 874.00 1,284.00 0.00
Operating Income -3,251.00 8,960.00 -4,551.00 8,806.00 -7,780.00 0 -89,305.00 -1,845.16
Net Non-Operating Income -174.00 239.00 209.00 -714.00 1,144.00 0 12,409.00 -56,626.76
EBT -7,388.00 10,563.00 -6,082.00 5,414.00 -8,359.00 0 -76,896.00 -58,471.92
Income Tax 247.00 -246.00 447.00 -24.00 -47.00 0 0.00 0.00
Net Income Including Non-Controlling Interests -7,635.00 10,809.00 -6,529.00 5,438.00 -8,312.00 0 0 -58,471.92
Net Income Non-Controlling Interests 0 0 0 0 0 0 0 0.00
Net Income -7,635.00 10,809.00 -6,529.00 5,438.00 -8,312.00 0 -76,896.00 -58,471.92
EBIT -3,251.00 11,380.00 -5,442.00 8,806.00 -7,780.00 0 -76,088.00 -58,371.92
Deprecation and Amortization 6,474.00 6,191.00 5,678.00 5,558.00 5,929.00 0 5,803.00 0.00
EBITDA 3,223.00 17,571.00 236.00 14,364.00 -1,851.00 0 -70,285.00 0
EPS -0.00 0.00 -0.00 0 -0.00 -0.00 -0.00 0
Diluted EPS -0.00 0.00 -0.00 0 -0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 28,797.73 28,579.70 28,147.95 0 27,095.99 26,617.96 244,368.74 0
Average Shares Outstanding Diluted 28,797.73 29,753.93 28,147.95 0 27,095.99 26,617.96 244,368.74 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-03-31 2021-03-31
Operating Cash Flow 15,767.00 10,420.00 10,182.00 -3,183.00 -4,395.00 -81,494.00 -467.27
   Operating Net Income -7,635.00 10,809.00 -6,529.00 5,438.00 -8,312.00 -76,896.00 -58,471.92
   Deprecation and Amortization 6,474.00 6,191.00 5,678.00 5,558.00 5,929.00 5,803.00 0
   Deferred Income Tax 246.00 -245.00 447.00 -24.00 -47.00 0 0
   Share Based Compensation 10,586.00 7,813.00 3,983.00 2,845.00 3,636.00 17,559.00 0
   Change in Working Capital -2,871.00 -16,339.00 3,351.00 -7,761.00 -5,754.00 -15,651.00 1,377.89
   Other Operating Activities 8,967.00 2,191.00 3,252.00 -9,239.00 153.00 -12,309.00 56,626.76
Investing Cash Flow -4,687.00 -36,350.00 -9,408.00 -519.00 -7,755.00 -3,913.00 0
   Capital Expenditure 0 0 0 0 0 -3,913.00 0.00
   Net Purchase/Sale of PPE -6,172.00 -2,369.00 -6,129.00 -3,050.00 -646.00 -3,913.00 0
   Net Purchase/Sale of Investments Net 1,485.00 -786.00 -3,279.00 2,531.00 -7,109.00 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0
   Other Investing Activities 0.00 0 0 0 0.00 3,913.00 0
Financing Cash Flow 10,768.00 346.00 13,718.00 31,023.00 13,968.00 -160.00 0
   Net Issuance/Repayment of Debt -1,216.00 -853.00 -911.00 -1,528.00 -707.00 -862.00 0
   Net Issuance/Repurchase of Equity 11,802.00 1,134.00 13,894.00 31,907.00 14,589.00 702.00 0
   Dividends Paid 0 0 0 0 0 0 0
   Other Financing Activities 182.00 65.00 735.00 644.00 86.00 0.00 0
Net Change in Cash 21,848.00 -25,584.00 14,492.00 27,321.00 1,818.00 -85,567.00 -467.27
   Cash at Beginning of Period 75,110.00 100,694.00 86,202.00 58,881.00 57,063.00 401,469.00 0
   Cash at End of Period 96,958.00 75,110.00 100,694.00 86,202.00 58,881.00 315,902.00 0
Free Cash Flow 9,595.00 8,051.00 4,053.00 -6,233.00 -5,041.00 -85,407.00 0