Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -9.16 -5.22
Price to Sales 2.45 1.97
Book Value Per Common Share -0.20 -0.05 0.33 0.76
Price to Book -17.10 -47.86
Price to Operating Cash Flow -13.45 -6.88
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 2021-09-30
Price to Earnings -116.29 -66.71 -91.50 -8.38 -9.38 -15.79
Price to Sales 6.26 5.53 13.92 2.91 3.66 7.64
Book Value Per Common Share -0.01 -0.12 -0.23 -0.20 -0.19 -0.13 -0.06 -0.05 0.03 -0.04
Price to Book -1565.38 -39.01 -24.38 -17.10 -14.99 -17.37 -35.70 -47.86
Price to Operating Cash Flow 150.46 -74.01 -83.43 -10.68 -10.60 -15.29
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 23.89 48.68 122.32
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 2021-09-30
Earning YoY
Revenue YoY 56.49 119.00 61.18 118.28 -66.00 328.08
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.49 0.53 0.90 1.30
Quick Ratio 1.12 1.17 2.08 1.52
Current Ratio 1.67 1.64 2.54 1.80
Debt to Equity -11.91 -48.57 6.62 2.20
Long-Term Debt to Equity -8.52 -34.53 5.00 1.37
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 2021-09-30
Cash Per Common Share 0.58 0.38 0.38 0.48 0.48 0.54 0.62 0.52 0.48 1.40
Quick Ratio 1.25 1.18 1.10 1.12 1.21 1.59 1.71 1.17 1.29 2.86
Current Ratio 1.93 1.95 1.72 1.67 1.79 2.26 2.37 1.64 1.82 3.34
Debt to Equity -430.95 -18.34 -9.98 -11.91 -12.34 -18.20 -37.68 -48.57 83.81 -54.34
Long-Term Debt to Equity -296.00 -13.41 -7.27 -8.52 -9.12 -14.29 -29.71 -34.53 61.29 -39.19

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -16.97 -19.30 -27.48 -40.32
ROE 185.16 917.94 -209.49 -128.87
Gross Margin 81.86 82.52 79.47 73.14
Operating Margin -13.11 -22.51 -74.36 -233.00
EBITDA Margin -6.52 -13.71 -62.87 -229.21
Net Profit Margin -27.00 -37.98 -85.86 -247.48
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 2021-09-30
ROA -2.84 -3.33 -2.92 -15.49 -10.24 -5.64 -14.91 -54.80
ROE 1222.65 57.75 26.25 175.56 176.22 206.80 -1264.30 2923.00
Gross Margin 84.65 84.33 85.48 80.87 84.49 85.31 82.37 70.67
Operating Margin
EBITDA Margin
Net Profit Margin -5.11 -8.47 -15.34 -34.78 -38.31 -46.71 -40.88 -257.64

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 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2021-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 323,060.00 322,602.00 344,522.00 304,361.00
   Current Assets 167,662.00 156,264.00 186,818.00 142,596.00
      Cash and Short-Term Investments 71,621.00 72,451.00 121,966.00 102,433.00
            Cash and Cash Equivalents 71,621.00 67,449.00 121,966.00 67,271.00
            Short-Term Investments 0 5,002.00 0 35,162.00
      Net Receivables 40,415.00 39,197.00 30,830.00 17,456.00
      Inventory 48,175.00 38,838.00 24,735.00 18,118.00
      Other Current Assets 7,451.00 5,778.00 9,287.00 4,589.00
   Non-Current Assets 155,398.00 166,338.00 157,704.00 161,765.00
      Property, Plant, Equipment Net 28,211.00 29,175.00 9,508.00 6,627.00
      Goodwill 22,859.00 22,859.00 22,859.00 22,859.00
      Intangible Assets 98,921.00 109,764.00 120,607.00 131,450.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 5,407.00 4,540.00 0 0
Liabilities 352,675.00 329,384.00 299,335.00 209,130.00
   Current Liabilities 100,443.00 95,193.00 73,621.00 79,040.00
      Payables and Expenses 30,006.00 35,075.00 44,810.00 53,415.00
            Account Payables 2,290.00 11,565.00 4,606.00 8,924.00
            Current Accrued Liabilities 27,716.00 23,510.00 40,204.00 44,491.00
      Short-Term Debt 21,182.00 3,495.00 1,580.00 0
      Other Current Liabilities 49,255.00 56,623.00 27,231.00 0
   Non-Current Liabilities 252,232.00 234,191.00 225,714.00 130,090.00
      Long-Term Debt 250,265.00 34,764.00 196,477.00 88,067.00
      Other Non-Current Liabilities 1,967.00 199,427.00 29,237.00 42,023.00
Equity -29,615.00 -6,782.00 45,187.00 95,231.00
   Shareholders Equity -29,615.00 -6,782.00 45,187.00 95,231.00
      Capital Stock 15.00 14.00 14.00 13.00
      Share Premium 642,256.00 610,254.00 599,966.00 555,359.00
      Retained Earnings -671,861.00 -617,025.00 -554,770.00 -460,110.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -25.00 -25.00 -23.00 -31.00
   Minority Interest 0 0 0 0
Investments 0 5,002.00 0 0
Debt 271,447.00 229,191.00 198,057.00 88,067.00
Net Debt 199,826.00 156,740.00 65,109.00 20,796.00
Common Shares Outstanding 149,429.41 138,130.71 136,273.09 124,873.32
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 203,070.00 163,914.00 110,248.00 49,590.00
Cost Of Revenue 36,832.00 28,645.00 22,634.00 13,318.00
Interest Income 0 0 2,578.00 313.00
Interest Expense 30,485.00 26,609.00 14,102.00 7,180.00
Non-Interest Expense 0 0 137,745.00 125,718.00
Gross Profit 166,238.00 135,269.00 87,614.00 36,272.00
Operating Expenses 199,884.00 179,279.00 169,554.00 151,428.00
   Selling, General and Administrative Expenses 163,481.00 146,095.00 137,745.00 125,718.00
   Research and Development Expenses 25,560.00 22,341.00 20,966.00 25,160.00
   Other Operating Expenses 10,843.00 10,843.00 0 0
Operating Income -33,646.00 -44,010.00 -81,940.00 -115,156.00
Net Non-Operating Income -23,458.00 -19,494.00 0 0
EBT -57,104.00 -63,504.00 -96,084.00 -122,725.00
Income Tax 2,268.00 1,249.00 -1,424.00 0
Net Income Including Non-Controlling Interests 0 0 -94,660.00 -122,725.00
Net Income -54,836.00 -62,255.00 -94,660.00 -122,725.00
EBIT -26,619.00 -36,895.00 -81,982.00 -115,545.00
Deprecation and Amortization 13,372.00 14,423.00 12,668.00 1,879.00
EBITDA -13,247.00 -22,472.00 -69,314.00 -113,666.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 146,772.76 137,674.86 135,628.72 79,027.06
Average Shares Outstanding Diluted 146,772.76 137,674.86 135,628.72 79,027.06
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -36,981.00 -47,023.00 -102,891.00 -95,535.00
   Operating Net Income -54,836.00 -62,255.00 -94,660.00 -122,725.00
   Deprecation and Amortization 13,372.00 14,423.00 12,668.00 1,879.00
   Deferred Income Tax -2,268.00 -1,249.00 -1,424.00 0
   Share Based Compensation 18,363.00 10,716.00 12,160.00 11,381.00
   Change in Working Capital 5,718.00 32,000.00 -35,150.00 11,854.00
   Other Operating Activities -17,330.00 -40,658.00 3,515.00 2,076.00
Investing Cash Flow 4,883.00 -6,004.00 34,461.00 97,964.00
   Capital Expenditure 0.00 0.00 -524.00 -1,085.00
   Net Purchase/Sale of PPE 0 0 0 0
   Net Purchase/Sale of Investments Net 74,721.00 83,741.00 34,985.00 60,580.00
   Net Purchase/Sale of Business 0 0 0 38,469.00
   Other Investing Activities -69,838.00 -89,745.00 0.00 0.00
Financing Cash Flow 36,168.00 -1,613.00 127,473.00 27,247.00
   Net Issuance/Repayment of Debt 0 0 101,981.00 0
   Net Issuance/Repurchase of Equity 1,733.00 581.00 29,532.00 26,466.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 34,435.00 -2,194.00 -4,040.00 781.00
Net Change in Cash 4,070.00 -54,640.00 59,043.00 29,676.00
   Cash at Beginning of Period 71,674.00 126,314.00 67,271.00 37,598.00
   Cash at End of Period 75,744.00 71,674.00 126,314.00 67,271.00
Free Cash Flow 0 0 -103,415.00 -96,620.00
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 2021-09-30
Assets 370,191.00 334,686.00 315,453.00 323,060.00 321,104.00 331,733.00 336,616.00 322,602.00 327,784.00 131,260.00
   Current Assets 224,017.00 185,578.00 163,494.00 167,662.00 162,799.00 170,340.00 173,280.00 156,264.00 158,051.00 124,367.00
      Cash and Short-Term Investments 91,598.00 59,285.00 58,440.00 71,621.00 69,402.00 77,568.00 87,352.00 72,451.00 65,975.00 92,983.00
            Cash and Cash Equivalents 91,598.00 59,285.00 58,440.00 71,621.00 59,232.00 57,604.00 62,690.00 67,449.00 46,143.00 59,492.00
            Short-Term Investments 0 0 0 0 10,170.00 19,964.00 24,662.00 5,002.00 19,832.00 33,491.00
      Net Receivables 53,751.00 53,048.00 46,330.00 40,415.00 41,138.00 42,440.00 37,414.00 39,197.00 45,966.00 13,561.00
      Inventory 67,462.00 67,282.00 52,690.00 48,175.00 45,119.00 42,977.00 40,878.00 38,838.00 38,143.00 14,241.00
      Other Current Assets 11,206.00 5,963.00 6,034.00 7,451.00 7,140.00 7,355.00 7,636.00 5,778.00 7,967.00 3,582.00
   Non-Current Assets 146,174.00 149,108.00 151,959.00 155,398.00 158,305.00 161,393.00 163,336.00 166,338.00 169,733.00 6,893.00
      Property, Plant, Equipment Net 27,209.00 27,687.00 27,791.00 28,211.00 28,371.00 28,697.00 28,810.00 29,175.00 29,592.00 6,682.00
      Goodwill 22,859.00 22,859.00 22,859.00 22,859.00 22,859.00 22,859.00 22,859.00 22,859.00 22,859.00 0
      Intangible Assets 90,789.00 93,500.00 96,211.00 98,921.00 101,632.00 104,343.00 107,053.00 109,764.00 112,475.00 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 5,317.00 5,062.00 5,098.00 5,407.00 5,443.00 5,494.00 4,614.00 4,540.00 4,807.00 211.00
Liabilities 371,052.00 353,990.00 350,581.00 352,675.00 349,427.00 351,019.00 345,794.00 329,384.00 323,919.00 133,721.00
   Current Liabilities 116,200.00 95,171.00 95,072.00 100,443.00 91,013.00 75,488.00 73,084.00 95,193.00 87,039.00 37,285.00
      Payables and Expenses 36,877.00 34,431.00 26,402.00 30,006.00 30,994.00 29,292.00 29,485.00 35,075.00 31,151.00 27,247.00
            Account Payables 6,527.00 9,462.00 6,352.00 2,290.00 7,451.00 5,798.00 7,094.00 11,565.00 12,078.00 4,290.00
            Current Accrued Liabilities 30,350.00 24,969.00 20,050.00 27,716.00 23,543.00 23,494.00 22,391.00 23,510.00 19,073.00 22,957.00
      Short-Term Debt 6,194.00 6,156.00 18,076.00 21,182.00 21,099.00 5,307.00 4,624.00 3,495.00 2,366.00 0
      Other Current Liabilities 73,129.00 54,584.00 50,594.00 49,255.00 38,920.00 40,889.00 38,975.00 56,623.00 53,522.00 10,038.00
   Non-Current Liabilities 254,852.00 258,819.00 255,509.00 252,232.00 258,414.00 275,531.00 272,710.00 234,191.00 236,880.00 96,436.00
      Long-Term Debt 251,460.00 251,067.00 250,675.00 250,265.00 33,639.00 34,016.00 34,397.00 34,764.00 35,154.00 0
      Other Non-Current Liabilities 3,392.00 7,752.00 4,834.00 1,967.00 224,775.00 241,515.00 238,313.00 199,427.00 201,726.00 0
Equity -861.00 -19,304.00 -35,128.00 -29,615.00 -28,323.00 -19,286.00 -9,178.00 -6,782.00 3,865.00 -2,461.00
   Shareholders Equity -861.00 -19,304.00 -35,128.00 -29,615.00 -28,323.00 -19,286.00 -9,178.00 -6,782.00 3,865.00 -2,461.00
      Capital Stock 17.00 16.00 16.00 15.00 15.00 15.00 15.00 14.00 14.00 7.00
      Share Premium 681,535.00 663,713.00 645,962.00 642,256.00 638,426.00 631,740.00 626,848.00 610,254.00 607,536.00 406,878.00
      Retained Earnings -682,388.00 -683,009.00 -681,081.00 -671,861.00 -666,748.00 -651,010.00 -636,005.00 -617,025.00 -603,635.00 -409,320.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -25.00 -24.00 -25.00 -25.00 -16.00 -31.00 -36.00 -25.00 -50.00 -26.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 10,170.00 19,964.00 24,662.00 5,002.00 19,832.00 47,052.00
Debt 257,654.00 257,223.00 268,751.00 271,447.00 270,965.00 269,804.00 268,695.00 229,191.00 227,943.00 87,713.00
Net Debt 166,056.00 197,938.00 210,311.00 199,826.00 201,563.00 192,236.00 181,343.00 156,740.00 161,968.00 0
Common Shares Outstanding 165,528.25 161,224.76 156,014.05 149,429.41 149,003.93 148,936.73 148,224.40 138,130.71 138,067.81 66,497.90
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2021-09-30
Revenues 206,038.00 131,658.00 60,119.00 -69,242.00 142,971.00 88,703.00 40,638.00 119,524.00 27,921.00
Cost Of Revenue 31,622.00 20,626.00 8,728.00 -10,254.00 27,354.00 13,761.00 5,971.00 21,075.00 8,189.00
Gross Profit 174,416.00 111,032.00 51,391.00 -58,988.00 115,617.00 74,942.00 34,667.00 98,449.00 19,732.00
Operating Expenses 166,293.00 109,640.00 54,481.00 -97,344.00 150,942.00 97,374.00 48,912.00 132,618.00 86,617.00
   Selling, General and Administrative Expenses 134,870.00 88,411.00 44,018.00 -76,614.00 123,342.00 78,373.00 38,380.00 108,527.00 71,539.00
   Research and Development Expenses 23,291.00 15,808.00 7,753.00 -15,309.00 19,468.00 13,580.00 7,821.00 15,959.00 15,078.00
   Other Operating Expenses 8,132.00 5,421.00 2,710.00 -5,421.00 8,132.00 5,421.00 2,711.00 8,132.00 0.00
Operating Income 8,123.00 1,392.00 -3,090.00 38,356.00 -35,325.00 -22,432.00 -14,245.00 -34,169.00 -66,885.00
Net Non-Operating Income 0 0 0 -23,458.00 0 0 0 0 0
Interest Expense 21,931.00 14,663.00 7,305.00 -21,325.00 22,782.00 14,996.00 14,032.00 19,591.00 5,384.00
EBT 0 0 0 -57,104.00 0 0 0 0 0
Income Tax 0.00 0.00 0.00 -1,363.00 2,268.00 1,056.00 307.00 1,013.00 0.00
Net Income -10,527.00 -11,148.00 -9,220.00 47,852.00 -49,723.00 -33,985.00 -18,980.00 -48,865.00 -71,935.00
EBIT 0 0 0 -26,619.00 0 0 0 0 0
Deprecation and Amortization 9,496.00 6,307.00 3,143.00 -4,331.00 10,166.00 6,850.00 687.00 11,018.00 627.00
EBITDA 0 0 0 -13,247.00 0 0 0 0 0
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 158,559.47 155,972.05 152,445.93 156,242.42 145,962.20 144,372.51 140,513.91 137,523.20 0
Average Shares Outstanding Diluted 158,559.47 155,972.05 152,445.93 156,242.42 145,962.20 144,372.51 140,513.91 137,523.20 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2021-09-30
Operating Cash Flow 8,583.00 -9,849.00 -10,031.00 52,929.00 -38,956.00 -30,651.00 -20,303.00 -54,494.00 -66,589.00
   Operating Net Income -10,527.00 -11,148.00 -9,220.00 28,872.00 -49,723.00 -33,985.00 0 -48,865.00 -71,935.00
   Deprecation and Amortization 9,496.00 6,307.00 3,143.00 -4,331.00 10,166.00 6,850.00 687.00 11,018.00 627.00
   Deferred Income Tax 0 0 0 -1,363.00 -2,268.00 1,056.00 307.00 0 0
   Share Based Compensation 17,094.00 9,451.00 4,443.00 -8,172.00 14,768.00 8,000.00 3,767.00 7,949.00 8,638.00
   Change in Working Capital 33,426.00 18,772.00 4,485.00 -7,001.00 7,655.00 6,689.00 -1,625.00 30,444.00 18,101.00
   Other Operating Activities -40,906.00 -33,231.00 -12,882.00 44,924.00 -19,554.00 -19,261.00 -23,439.00 -55,040.00 -22,020.00
Investing Cash Flow -363.00 -292.00 -13.00 44,713.00 -5,133.00 -15,047.00 -19,650.00 -20,872.00 61,362.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0 0 0 0 954.00
   Net Purchase/Sale of Investments Net 0 0 0 -63,736.00 64,485.00 44,486.00 29,486.00 68,741.00 123,884.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0
   Other Investing Activities -363.00 -292.00 -13.00 108,449.00 -69,618.00 -59,533.00 -49,136.00 -89,613.00 -63,476.00
Financing Cash Flow 11,655.00 -2,195.00 -3,137.00 -70,649.00 35,770.00 35,853.00 35,194.00 -379.00 27,122.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 20,991.00 6,663.00 4,861.00 -1,064.00 1,169.00 1,169.00 459.00 581.00 27,541.00
   Dividends Paid 0 0 0 0 0 0 0 0 0
   Other Financing Activities -9,336.00 -8,858.00 -7,998.00 -69,585.00 34,601.00 34,684.00 34,735.00 -960.00 -419.00
Net Change in Cash 19,875.00 -12,336.00 -13,181.00 26,993.00 -8,319.00 -9,845.00 -4,759.00 -75,745.00 0
   Cash at Beginning of Period 75,744.00 75,744.00 75,744.00 48,751.00 71,674.00 71,674.00 71,674.00 126,314.00 0
   Cash at End of Period 95,619.00 63,408.00 62,563.00 75,744.00 63,355.00 61,829.00 66,915.00 50,569.00 0
Free Cash Flow 0 0 0 0 0 0 0 0 0