Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -17.67 -9.35 -3.41
Price to Sales 15.79 4.73 151.19 4.58 19.12
Book Value Per Common Share 1.37 0.33 -0.52 0.54 1.70
Price to Book 9.04 15.18 -13.50 5.78 4.64
Price to Operating Cash Flow -11.33 -27.58 -4.32 -2.11 -3.31
Price to Free Cash Flow -11.26 -26.07 -4.27 -2.10 -3.27
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 -22.88 -20.97 -27.86 -17.45 -19.96 -25.71 82.14 -18.20 -16.04 -8.60 -5.24
Price to Sales 161.23 122.64 143.01 -141.62 32.83 63.61 12.39 17.37 34.18 1203.33 580.36 69.44 7.00 121.31
Book Value Per Common Share 0.78 0.89 1.11 1.37 0.95 -0.03 0.21 0.33 -0.41 -0.52 -0.35 -0.52 -0.05 0.36 0.00 0.54 0.58 0.43 1.06 1.70
Price to Book 9.42 7.27 7.25 9.04 8.59 -175.70 29.72 15.18 -14.06 -6.94 -12.24 -13.50 -69.42 9.11 -2222.22 5.78 8.52 15.42 5.29 4.64
Price to Operating Cash Flow -11.40 -23.16 -20.83 -13.60 -23.53 -23.86 11.94 -10.30 5.17 -5.17 -7.50 -3.05 -3.51 -35.83 -6.30
Price to Free Cash Flow -20.78 -23.57 5.20 -3.04 -6.29
Enterprise Value to EBITDA 618476.70

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY -4.42 3005.10 -91.10 104.21
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 -12.54 -5.19 -89.04 57.06 -56.85 122.63 70.98 943.50 -24.00 -78.57 -2.83 1212.07
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 2.18 1.89 1.12 2.52 3.78
Quick Ratio 2.74 1.19 1.77
Current Ratio 2.89 1.26 1.38 2.53 1.90
Debt to Equity 0.62 4.79 -4.93 4.13 2.08
Long-Term Debt to Equity 0.11 0.86 -3.01 2.54 0.75
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 1.17 1.27 1.50 1.97 2.35 1.19 1.40 1.68 1.32 1.64 2.03 1.02 1.30 2.23 1.84 2.52 2.38 2.84 2.98 3.78
Quick Ratio 2.40 2.40 2.74 0.90 1.19 1.47 4.63 3.67 1.77
Current Ratio 2.51 2.56 2.95 2.89 1.90 0.99 1.19 1.26 1.59 1.32 1.66 1.38 2.05 2.50 2.13 2.53 4.99 3.41 4.00 1.90
Debt to Equity 0.82 0.72 0.60 0.62 1.40 46.49 6.07 4.79 -7.13 -6.25 -10.96 -4.93 53.10 4.49 20.40 4.13 4.31 5.95 3.00 2.08
Long-Term Debt to Equity 0.17 0.12 0.12 0.11 0.26 7.12 1.09 0.86 -4.06 -3.05 -6.02 -3.01 33.95 2.84 12.92 2.54 3.47 4.37 2.20 0.75

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -27.54 -20.92 -110.55 -59.05 -53.69
ROE -44.62 -121.07 434.81 -302.80 -165.37
Gross Margin
Operating Margin -179.14 -102.71 -8832.12 -597.31 -750.78
EBITDA Margin -175.55 -98.30 -8651.96 -579.06 -710.37
Net Profit Margin -89.57 -50.76 -4434.72 -298.16 -746.68
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 -22.31 -20.00 -16.26 -17.23 -15.77 -13.41 3.63 -9.18 -10.25 -21.49 -19.36 -22.59 -3.11 -18.78 -17.50
ROE -40.67 -34.30 -26.09 -41.32 -748.76 -94.87 -22.24 48.13 102.11 -1162.56 -106.38 -483.49 -16.49 -130.46 -69.96
Gross Margin
Operating Margin -707.83 -580.17 -510.93 -167.19 -251.70 13.36 -95.47 -211.97 -13685.61 -11012.27 -2160.80 -17.10 -1396.47
EBITDA Margin -685.08 -570.23 -501.40 -162.12 -243.39 18.70 -89.64 -200.88 -12504.21 -10560.27 -2061.94 -6.69 -1327.70
Net Profit Margin -707.83 -580.17 -510.93 -167.19 -251.70 14.74 -95.47 -211.97 -13685.61 -11012.27 -2160.80 -17.10 -1396.47

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 352,207.00 274,949.00 146,386.00 207,007.00 279,238.00
   Current Assets 320,394.00 235,373.00 98,537.00 162,564.00 230,042.00
      Cash and Short-Term Investments 302,078.00 200,351.00 88,497.00 150,564.00 184,497.00
            Cash and Cash Equivalents 302,078.00 200,351.00 88,497.00 150,564.00 184,497.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 1,422.00 21,086.00 0 0 30,000.00
      Inventory 0 0 0 0 0
      Other Current Assets 16,894.00 13,936.00 10,040.00 12,000.00 15,545.00
   Non-Current Assets 31,813.00 39,576.00 47,849.00 44,443.00 49,196.00
      Property, Plant, Equipment Net 27,998.00 35,721.00 44,127.00 40,644.00 45,430.00
      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 8,836.00 10,716.00 16,786.00 13,546.00 13,956.00
      Other Non-Current Assets -5,021.00 -6,861.00 -13,064.00 -9,747.00 -10,190.00
Liabilities 134,818.00 227,445.00 183,603.00 166,635.00 188,586.00
   Current Liabilities 110,953.00 186,440.00 71,521.00 64,201.00 121,040.00
      Payables and Expenses 31,620.00 26,904.00 29,202.00 17,462.00 22,798.00
            Account Payables 16,262.00 12,839.00 16,915.00 7,281.00 13,795.00
            Current Accrued Liabilities 15,358.00 14,065.00 12,287.00 10,181.00 9,003.00
      Short-Term Debt 7,638.00 6,714.00 5,496.00 4,961.00 3,714.00
      Other Current Liabilities 71,695.00 152,822.00 36,823.00 41,778.00 94,528.00
   Non-Current Liabilities 23,865.00 41,005.00 112,082.00 102,434.00 67,546.00
      Long-Term Debt 17,766.00 25,404.00 32,118.00 24,955.00 25,591.00
      Other Non-Current Liabilities 6,099.00 15,601.00 79,964.00 77,479.00 41,955.00
Equity 217,389.00 47,504.00 -37,217.00 40,372.00 90,652.00
   Shareholders Equity 209,515.00 39,630.00 -45,091.00 32,498.00 82,778.00
      Capital Stock 1,175,181.00 935,367.00 802,833.00 749,851.00 694,085.00
      Share Premium 156,454.00 129,237.00 119,442.00 87,980.00 71,573.00
      Retained Earnings -1,121,858.00 -1,024,850.00 -967,337.00 -805,514.00 -683,269.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -262.00 -124.00 -29.00 181.00 389.00
   Minority Interest 0 0 0 0 0
Debt 25,404.00 32,118.00 37,614.00 29,916.00 29,305.00
Common Shares Outstanding 153,037.29 119,162.23 86,924.64 59,841.12 48,778.68
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 108,302.00 113,305.00 3,649.00 41,000.00 20,077.00
Operating Expenses 218,705.00 181,301.00 166,369.00 167,980.00 173,454.00
   Selling, General and Administrative Expenses 59,023.00 51,292.00 50,513.00 46,105.00 42,510.00
   Research and Development Expenses 159,682.00 130,009.00 115,856.00 121,875.00 130,944.00
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00
Operating Income -110,403.00 -67,996.00 -162,720.00 -127,016.00 -153,377.00
Net Non-Operating Income -83,613.00 -48,384.00 -159,564.00 -117,882.00 2,626.00
Interest Expense 0.00 0.00 0.00 0.00 16.00
Net Interest 0 0 0 0 -16.00
EBT -194,016.00 -116,380.00 -322,284.00 -244,898.00 -150,751.00
Income Tax 0.00 1,377.00 681.00 204.00 841.00
Net Income -97,008.00 -57,513.00 -161,823.00 -122,245.00 -149,910.00
EBIT -194,016.00 -116,380.00 -322,284.00 -244,898.00 -150,735.00
Deprecation and Amortization 3,896.00 5,000.00 6,574.00 7,483.00 8,114.00
EBITDA -190,120.00 -111,380.00 -315,710.00 -237,415.00 -142,621.00
EPS -0.00 -0.00 -0.00 0 0
Diluted EPS -0.00 -0.00 -0.00 0 0
Average Shares Outstanding Basic 138,277.47 106,097.27 78,855.81 0 0
Average Shares Outstanding Diluted 138,277.47 106,097.27 78,855.81 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -151,026.00 -19,431.00 -127,781.00 -88,993.00 -115,982.00
   Operating Net Income -97,008.00 -57,513.00 -161,823.00 -122,245.00 -149,910.00
   Deprecation and Amortization 3,896.00 5,000.00 6,574.00 7,483.00 8,114.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital -73,361.00 25,301.00 8,339.00 8,007.00 17,106.00
   Other Operating Activities 15,447.00 7,781.00 19,129.00 17,762.00 8,708.00
Investing Cash Flow -938.00 -1,115.00 -1,255.00 -560.00 -1,338.00
   Capital Expenditure -938.00 -1,115.00 -1,361.00 -560.00 -1,338.00
   Net Purchase/Sale of PPE -938.00 -1,115.00 -1,255.00 -560.00 -1,338.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 938.00 1,115.00 1,361.00 560.00 1,338.00
Financing Cash Flow 253,890.00 132,534.00 67,188.00 55,828.00 154,538.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 31,752.00 94,831.00 66,083.00 55,828.00 94,656.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 222,138.00 37,703.00 1,105.00 0.00 59,882.00
Net Change in Cash 101,788.00 111,893.00 -62,058.00 -33,933.00 37,340.00
   Cash at Beginning of Period 204,050.00 92,207.00 154,258.00 188,148.00 150,808.00
   Cash at End of Period 305,838.00 204,100.00 92,200.00 154,215.00 188,148.00
Free Cash Flow -151,964.00 -20,546.00 -129,142.00 -89,553.00 -117,320.00
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
Assets 241,378.00 252,355.00 288,343.00 352,207.00 358,504.00 208,818.00 235,270.00 274,949.00 199,918.00 229,985.00 267,270.00 146,386.00 181,511.00 213,319.00 167,359.00 207,007.00 200,512.00 206,411.00 242,647.00 279,238.00
   Current Assets 215,488.00 223,556.00 257,976.00 320,394.00 324,515.00 172,075.00 196,767.00 235,373.00 158,572.00 184,708.00 219,591.00 98,537.00 131,434.00 160,114.00 124,383.00 162,564.00 157,987.00 159,431.00 194,545.00 230,042.00
      Cash and Short-Term Investments 196,218.00 208,481.00 243,075.00 302,078.00 310,948.00 153,958.00 180,922.00 200,351.00 139,942.00 172,974.00 207,562.00 88,497.00 122,000.00 148,200.00 111,700.00 150,564.00 123,896.00 143,840.00 148,535.00 184,497.00
            Cash and Cash Equivalents 196,218.00 208,481.00 243,075.00 302,078.00 310,948.00 153,958.00 180,922.00 200,351.00 139,942.00 172,974.00 207,562.00 88,497.00 96,954.00 123,163.00 61,713.00 150,564.00 123,896.00 143,840.00 148,535.00 184,497.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 25,044.00 25,000.00 50,000.00 0 0 0 0 0
      Net Receivables 10,000.00 1,617.00 0 1,422.00 0 1,290.00 0 21,086.00 7,000.00 0 0 0 0 0 0 0 22,500.00 0 30,000.00 30,000.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 9,270.00 13,458.00 14,901.00 16,894.00 13,567.00 16,827.00 15,845.00 13,936.00 11,630.00 11,734.00 12,029.00 10,040.00 9,434.00 11,914.00 12,683.00 12,000.00 11,591.00 15,591.00 16,010.00 15,545.00
   Non-Current Assets 25,890.00 28,799.00 30,367.00 31,813.00 33,989.00 36,743.00 38,503.00 39,576.00 41,346.00 45,277.00 47,679.00 47,849.00 50,077.00 53,205.00 42,976.00 44,443.00 42,525.00 46,980.00 48,102.00 49,196.00
      Property, Plant, Equipment Net 22,072.00 24,287.00 26,147.00 27,998.00 30,047.00 32,112.00 33,920.00 35,721.00 37,508.00 39,788.00 41,843.00 44,127.00 46,379.00 48,599.00 38,640.00 40,644.00 38,659.00 41,031.00 43,090.00 45,430.00
      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 8,836.00 0 0 0 10,716.00 0 0 0 16,786.00 0 0 0 13,546.00 0 0 0 13,956.00
      Other Non-Current Assets 3,818.00 4,512.00 4,220.00 -5,021.00 3,942.00 4,631.00 4,583.00 -6,861.00 3,838.00 5,489.00 5,836.00 -13,064.00 3,698.00 4,606.00 4,336.00 -9,747.00 3,866.00 5,949.00 5,012.00 -10,190.00
Liabilities 108,955.00 105,215.00 108,666.00 134,818.00 208,990.00 204,421.00 202,007.00 227,445.00 232,530.00 273,831.00 294,110.00 183,603.00 178,156.00 174,498.00 159,538.00 166,635.00 162,737.00 176,695.00 181,952.00 188,586.00
   Current Liabilities 85,896.00 87,408.00 87,367.00 110,953.00 170,728.00 173,128.00 165,873.00 186,440.00 99,980.00 140,226.00 132,566.00 71,521.00 64,259.00 64,082.00 58,486.00 64,201.00 31,640.00 46,721.00 48,680.00 121,040.00
      Payables and Expenses 25,629.00 23,502.00 18,817.00 31,620.00 22,517.00 25,584.00 15,427.00 26,904.00 21,065.00 19,277.00 15,488.00 29,202.00 23,936.00 17,742.00 13,312.00 17,462.00 14,928.00 14,706.00 13,418.00 22,798.00
            Account Payables 14,490.00 14,664.00 14,358.00 16,262.00 12,781.00 18,149.00 11,730.00 12,839.00 12,608.00 12,379.00 11,906.00 16,915.00 15,934.00 11,168.00 9,853.00 7,281.00 7,443.00 8,655.00 13,418.00 13,795.00
            Current Accrued Liabilities 11,139.00 8,838.00 4,459.00 15,358.00 9,736.00 7,435.00 3,697.00 14,065.00 8,457.00 6,898.00 3,582.00 12,287.00 8,002.00 6,574.00 3,459.00 10,181.00 7,485.00 6,051.00 0 9,003.00
      Short-Term Debt 8,394.00 8,136.00 7,884.00 7,638.00 7,398.00 7,164.00 6,936.00 6,714.00 6,497.00 6,285.00 6,078.00 5,496.00 4,928.00 4,363.00 5,120.00 4,961.00 4,097.00 3,966.00 3,838.00 3,714.00
      Other Current Liabilities 51,873.00 55,770.00 60,666.00 71,695.00 140,813.00 140,380.00 143,510.00 152,822.00 72,418.00 114,664.00 111,000.00 36,823.00 35,395.00 41,977.00 40,054.00 41,778.00 12,615.00 28,049.00 31,424.00 94,528.00
   Non-Current Liabilities 23,059.00 17,807.00 21,299.00 23,865.00 38,262.00 31,293.00 36,134.00 41,005.00 132,550.00 133,605.00 161,544.00 112,082.00 113,897.00 110,416.00 101,052.00 102,434.00 131,097.00 129,974.00 133,272.00 67,546.00
      Long-Term Debt 11,378.00 13,575.00 15,715.00 17,766.00 19,772.00 21,711.00 23,598.00 25,404.00 27,170.00 28,875.00 30,534.00 32,118.00 33,667.00 35,160.00 23,617.00 24,955.00 22,477.00 23,547.00 24,587.00 25,591.00
      Other Non-Current Liabilities 11,681.00 4,232.00 5,584.00 6,099.00 18,490.00 9,582.00 12,536.00 15,601.00 105,380.00 104,730.00 131,010.00 79,964.00 80,230.00 75,256.00 77,435.00 77,479.00 108,620.00 106,427.00 108,685.00 41,955.00
Equity 132,423.00 147,140.00 179,677.00 217,389.00 149,514.00 4,397.00 33,263.00 47,504.00 -32,612.00 -43,846.00 -26,840.00 -37,217.00 3,355.00 38,821.00 7,821.00 40,372.00 37,775.00 29,716.00 60,695.00 90,652.00
   Shareholders Equity 124,549.00 139,266.00 171,803.00 209,515.00 141,640.00 -3,477.00 25,389.00 39,630.00 -40,486.00 -51,720.00 -34,714.00 -45,091.00 -4,519.00 30,947.00 -53.00 32,498.00 29,901.00 21,842.00 52,821.00 82,778.00
      Capital Stock 1,223,721.00 1,191,029.00 1,179,336.00 1,175,181.00 1,139,714.00 950,530.00 949,877.00 935,367.00 841,405.00 839,675.00 837,886.00 802,833.00 802,697.00 802,449.00 751,229.00 749,851.00 716,118.00 707,714.00 702,649.00 694,085.00
      Share Premium 174,075.00 167,603.00 161,407.00 156,454.00 153,196.00 135,603.00 132,118.00 129,237.00 126,885.00 124,601.00 122,192.00 119,442.00 116,535.00 113,169.00 91,951.00 87,980.00 84,254.00 78,358.00 75,636.00 71,573.00
      Retained Earnings -1,273,057.00 -1,219,205.00 -1,168,736.00 -1,121,858.00 -1,151,111.00 -1,089,331.00 -1,056,408.00 -1,024,850.00 -1,008,594.00 -1,015,846.00 -994,742.00 -967,337.00 -923,628.00 -884,624.00 -843,328.00 -805,514.00 -770,729.00 -764,499.00 -725,733.00 -683,269.00
      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 -190.00 -161.00 -204.00 -262.00 -159.00 -279.00 -198.00 -124.00 -182.00 -150.00 -50.00 -29.00 -123.00 -47.00 95.00 181.00 258.00 269.00 269.00 389.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 25,044.00 25,000.00 50,000.00 0 0 0 0 0
Debt 19,772.00 21,711.00 23,599.00 25,404.00 27,170.00 28,875.00 30,534.00 32,118.00 33,667.00 35,160.00 36,612.00 37,614.00 38,595.00 39,523.00 28,737.00 29,916.00 26,574.00 27,513.00 28,425.00 29,305.00
Common Shares Outstanding 160,288.48 155,673.29 154,093.31 153,037.29 148,392.94 122,479.29 122,321.38 119,162.23 99,011.90 98,566.82 98,104.84 86,924.64 86,841.52 86,724.66 60,859.97 59,841.12 51,998.03 50,576.47 49,854.65 48,778.68
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 7,608.00 8,699.00 9,175.00 83,748.00 -7,676.00 19,692.00 12,538.00 29,056.00 49,214.00 22,106.00 12,929.00 1,239.00 285.00 375.00 1,750.00 1,801.00 36,423.00 2,776.00 0.00
Operating Expenses 63,961.00 61,458.00 58,979.00 60,781.00 56,239.00 54,689.00 46,996.00 47,738.00 44,770.00 45,579.00 43,214.00 44,802.00 39,184.00 42,539.00 39,844.00 37,875.00 44,030.00 42,604.00 43,471.00
   Selling, General and Administrative Expenses 18,087.00 17,989.00 18,357.00 16,136.00 15,042.00 14,296.00 13,549.00 13,664.00 13,128.00 12,265.00 12,235.00 13,724.00 11,609.00 12,806.00 12,374.00 12,114.00 12,944.00 10,969.00 10,078.00
   Research and Development Expenses 45,874.00 43,469.00 40,622.00 44,645.00 41,197.00 40,393.00 33,447.00 34,074.00 31,642.00 33,314.00 30,979.00 31,078.00 27,575.00 29,733.00 27,470.00 25,761.00 31,086.00 31,635.00 33,393.00
   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 -56,353.00 -52,759.00 -49,804.00 22,967.00 -63,915.00 -34,997.00 -34,458.00 -18,682.00 4,444.00 -23,473.00 -30,285.00 -43,563.00 -38,899.00 -42,164.00 -38,094.00 -36,110.00 -7,607.00 -39,828.00 -43,471.00
Net Non-Operating Income 2,501.00 2,290.00 2,926.00 -90,722.00 2,135.00 2,074.00 2,900.00 -55,764.00 2,131.00 2,369.00 2,880.00 -160,607.00 -105.00 868.00 280.00 -121,328.00 1,377.00 1,062.00 1,007.00
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 0.00 0.00 0.00 0.00
Net Interest 2,177.00 2,372.00 2,875.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
EBT -53,852.00 -50,469.00 -46,878.00 -67,755.00 -61,780.00 -32,923.00 -31,558.00 -74,446.00 6,575.00 -21,104.00 -27,405.00 -204,170.00 -39,004.00 -41,296.00 -37,814.00 -157,438.00 -6,230.00 -38,766.00 -42,464.00
Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,377.00 0.00 0.00 681.00 0.00 0.00 0.00 204.00 0.00 0.00 0.00
Net Income -53,852.00 -50,469.00 -46,878.00 29,253.00 -61,780.00 -32,923.00 -31,558.00 -16,256.00 7,252.00 -21,104.00 -27,405.00 -43,709.00 -39,004.00 -41,296.00 -37,814.00 -34,785.00 -6,230.00 -38,766.00 -42,464.00
EBIT -53,852.00 -50,469.00 -46,878.00 -67,755.00 -61,780.00 -32,923.00 -31,558.00 -74,446.00 6,575.00 -21,104.00 -27,405.00 -204,170.00 -39,004.00 -41,296.00 -37,814.00 -157,438.00 -6,230.00 -38,766.00 -42,464.00
Deprecation and Amortization 1,731.00 865.00 875.00 -135.00 1,990.00 999.00 1,042.00 -352.00 2,630.00 1,289.00 1,433.00 -218.00 3,367.00 1,695.00 1,730.00 -169.00 3,795.00 1,909.00 1,948.00
EBITDA -52,121.00 -49,604.00 -46,003.00 -67,890.00 -59,790.00 -31,924.00 -30,516.00 -74,798.00 9,205.00 -19,815.00 -25,972.00 -204,388.00 -35,637.00 -39,601.00 -36,084.00 -157,607.00 -2,435.00 -36,857.00 -40,516.00
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 0.00 0 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 0.00 0 0 0
Average Shares Outstanding Basic 167,739.21 163,987.64 162,527.03 161,747.72 132,563.47 129,527.00 129,271.68 110,844.88 106,025.06 105,462.41 102,056.71 155,043.46 93,900.48 66,479.29 0 0.00 0 0 0
Average Shares Outstanding Diluted 167,739.21 163,987.64 162,527.03 161,747.72 132,563.47 129,527.00 129,271.68 109,894.71 106,975.23 105,462.41 102,056.71 155,043.46 93,900.48 66,479.29 0 0.00 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
Operating Cash Flow -107,705.00 -46,012.00 -63,039.00 -10,216.00 -79,910.00 -27,468.00 -33,432.00 -118,761.00 51,065.00 -37,257.00 85,522.00 6,433.00 -65,519.00 -28,822.00 -39,873.00 37,342.00 -72,559.00 -9,401.00 -44,375.00
   Operating Net Income -100,730.00 -50,469.00 -46,878.00 60,811.00 -93,338.00 -32,923.00 -31,558.00 11,149.00 -20,153.00 -21,104.00 -27,405.00 -5,895.00 -76,818.00 -41,296.00 -37,814.00 7,679.00 -48,694.00 -38,766.00 -42,464.00
   Deprecation and Amortization 1,731.00 865.00 875.00 -135.00 1,990.00 999.00 1,042.00 -352.00 2,630.00 1,289.00 1,433.00 -218.00 3,367.00 1,695.00 1,730.00 -169.00 3,795.00 1,909.00 1,948.00
   Deferred Income Tax 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0
   Share Based Compensation 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0
   Change in Working Capital -9,243.00 -7,260.00 -8,205.00 -88,333.00 12,712.00 -2,599.00 4,859.00 -142,843.00 71,712.00 -22,239.00 118,671.00 -1,227.00 8,915.00 84.00 567.00 21,391.00 -32,993.00 21,853.00 -2,244.00
   Other Operating Activities 537.00 10,852.00 -8,831.00 17,441.00 -1,274.00 7,055.00 -7,775.00 13,285.00 -3,124.00 4,797.00 -7,177.00 13,773.00 -983.00 10,695.00 -4,356.00 8,441.00 5,333.00 5,603.00 -1,615.00
Investing Cash Flow -413.00 -306.00 -165.00 331.00 -800.00 -52.00 -417.00 133.00 -687.00 -72.00 -489.00 75,048.00 -50,709.00 24,614.00 -50,208.00 93.00 -206.00 -339.00 -108.00
   Capital Expenditure 0.00 0.00 -165.00 -521.00 0.00 0.00 -417.00 -626.00 0.00 0.00 -489.00 -1,153.00 0.00 0.00 -208.00 -452.00 0.00 0.00 -108.00
   Net Purchase/Sale of PPE -413.00 -306.00 -165.00 331.00 -800.00 -52.00 -417.00 133.00 -687.00 -72.00 -489.00 4.00 -665.00 -386.00 -208.00 93.00 -206.00 -339.00 -108.00
   Net Purchase/Sale of Investments Net 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0
   Net Purchase/Sale of Business 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0
   Net Loan & Lease Activity 0 0 0 0 0
   Other Investing Activities 0.00 0.00 165.00 521.00 0.00 0.00 417.00 626.00 0.00 0.00 489.00 76,197.00 -50,044.00 25,000.00 -49,792.00 452.00 0.00 0.00 108.00
Financing Cash Flow 36,847.00 11,693.00 4,155.00 20,471.00 218,256.00 653.00 14,510.00 58,909.00 36,723.00 1,849.00 35,053.00 -1,261.00 1,333.00 65,800.00 1,316.00 25,152.00 16,990.00 5,045.00 8,641.00
   Net Issuance/Repayment of Debt 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0
   Net Issuance/Repurchase of Equity 5,373.00 594.00 2,893.00 -12,474.00 29,610.00 106.00 14,510.00 24,286.00 35,407.00 85.00 35,053.00 -1,199.00 1,271.00 64,695.00 1,316.00 33,257.00 22,035.00 0.00 536.00
   Dividends Paid 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0 0 0.00 0.00 0
   Other Financing Activities 31,474.00 11,099.00 1,262.00 32,945.00 188,646.00 547.00 0.00 34,623.00 1,316.00 1,764.00 0.00 -62.00 62.00 1,105.00 0.00 -8,105.00 -5,045.00 5,045.00 8,105.00
Net Change in Cash -71,242.00 -34,582.00 -58,991.00 10,557.00 137,592.00 -26,948.00 -19,413.00 -59,640.00 87,048.00 -35,580.00 120,065.00 80,400.00 -115,057.00 61,450.00 -88,851.00 62,630.00 -55,906.00 -4,695.00 -35,962.00
   Cash at Beginning of Period 271,256.00 246,847.00 305,838.00 295,281.00 177,102.00 184,637.00 204,050.00 263,740.00 56,577.00 212,222.00 92,157.00 11,800.00 215,665.00 65,364.00 154,215.00 91,585.00 183,453.00 152,186.00 188,148.00
   Cash at End of Period 200,014.00 212,265.00 246,847.00 305,838.00 314,694.00 157,689.00 184,637.00 204,100.00 143,625.00 176,642.00 212,222.00 92,200.00 100,608.00 126,814.00 65,364.00 154,215.00 127,547.00 147,491.00 152,186.00
Free Cash Flow 0.00 0.00 -63,204.00 -118,115.00 0.00 0.00 -33,849.00 -105,579.00 0.00 0.00 85,033.00 -89,061.00 0.00 0.00 -40,081.00 -45,070.00 0.00 0.00 -44,483.00