Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -6.42 -10.21 -28.00 28.25 -36.06
Price to Sales 13.53 7.63 9.44 8.51 20.35
Book Value Per Common Share 9.64 10.96 12.13 12.36 9.89
Price to Book 2.38 1.94 2.15 3.25 4.41
Price to Operating Cash Flow -7.39 15.09 63.43 -138.97 -498.63
Price to Free Cash Flow
Enterprise Value to EBITDA 273827.42
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 -10.20 -7.35 -16.12 -7.01 -8.68 -19.94 -11.38 -18.09 -27.34 -36.08 -161.00 66.70 204.13 40.10
Price to Sales 8.93 7.62 23.95 30.96 39.08 105.78 9.84 23.20 87.93 10.82 14.08 18.54 15.70 19.77 73.81
Book Value Per Common Share 8.76 8.70 9.00 9.64 10.35 9.14 9.94 10.96 11.03 11.20 11.32 12.13 12.09 12.44 12.82 12.36 10.59 11.09 10.02 9.89
Price to Book 1.34 0.90 1.18 2.38 1.94 2.07 2.23 1.94 1.83 2.23 2.46 2.15 2.15 2.20 2.08 3.25 3.08 3.11 4.30 4.41
Price to Operating Cash Flow -10.42 -11.06 -48.32 -8.55 -9.64 -24.52 -12.66 -21.74 -54.45 31.64 32.51 272.52 -24.17 -50.59 -83.66
Price to Free Cash Flow
Enterprise Value to EBITDA 629509.05 1549330.60 390974.97

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY -34.36 2.28 -40.18 124.23
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 -81.40
Revenue YoY 27.51 133.23 19.25 35.98 132.45 91.75 240.07 23.60 35.29 358.71 19.41 198.58
EBITDA YoY 1.27 -76.05
Net Profit YoY -8.50 -80.77

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 12.21 12.90 14.61 15.47 21.84
Quick Ratio 10.39 9.39 14.42 14.51 10.41
Current Ratio 6.61 7.36 10.58 6.00 5.27
Debt to Equity 0.41 0.42 0.16 0.14 0.23
Long-Term Debt to Equity 0.28 0.30 0.08 0.05 0.02
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 7.09 7.28 7.46 11.30 12.60 9.95 10.44 12.79 11.86 11.97 14.96 14.53 12.80 10.88 9.08 15.22 9.00 15.01 20.74 21.59
Quick Ratio 6.58 6.31 6.85 10.39 8.69 8.09 8.23 9.39 15.63 16.87 14.29 14.42 9.33 9.89 11.72 14.51 12.70 19.56 12.32 10.41
Current Ratio 5.99 5.34 5.89 6.61 6.23 6.92 7.08 7.36 10.77 13.30 9.68 10.58 7.42 7.81 8.30 6.00 7.44 10.46 5.92 5.27
Debt to Equity 0.39 0.42 0.41 0.41 0.36 0.47 0.44 0.42 0.16 0.15 0.18 0.16 0.16 0.15 0.12 0.14 0.13 0.08 0.19 0.23
Long-Term Debt to Equity 0.25 0.26 0.28 0.28 0.24 0.33 0.31 0.30 0.08 0.08 0.08 0.08 0.03 0.05 0.04 0.05 0.06 0.00 0.02 0.02

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -24.44 -13.23 -6.52 9.86 -9.86
ROE -34.51 -18.84 -7.59 11.27 -12.11
Gross Margin
Operating Margin -179.45 -71.55 -33.12 30.04 -56.51
EBITDA Margin -153.97 -56.62 -27.85 31.61 -51.56
Net Profit Margin -210.53 -74.90 -33.53 30.04 -56.51
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 -9.81 -9.01 -5.35 -18.21 -16.22 -7.69 -13.74 -10.63 -7.56 -5.16 -1.22 2.75 1.37 7.15 -0.36
ROE -13.64 -12.77 -7.57 -24.85 -23.82 -11.11 -15.99 -12.18 -8.89 -5.97 -1.40 3.09 1.55 7.69 -0.43
Gross Margin
Operating Margin -62.46 -81.78 -120.98 -443.68 -450.46 -536.58 -86.52 -128.27 -320.45 -29.41 -8.97 27.60 7.90 49.07 -7.32
EBITDA Margin -51.08 -72.83 -106.26 -387.80 -396.38 -469.14 -73.20 -113.58 -299.85 -25.40 -6.01 29.51 10.18 50.72 -5.05
Net Profit Margin -87.60 -103.80 -147.92 -442.59 -450.18 -531.30 -86.52 -128.27 -320.45 -30.17 -8.97 27.60 7.90 49.07 -7.32

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 951,945.00 952,692.00 846,266.00 838,211.00 703,244.00
   Current Assets 577,601.00 623,160.00 675,342.00 424,368.00 637,672.00
      Cash and Short-Term Investments 794,211.00 780,225.00 871,792.00 903,395.00 1,249,357.00
            Cash and Cash Equivalents 145,595.00 155,870.00 217,810.00 639,048.00 799,292.00
            Short-Term Investments 648,616.00 624,355.00 653,982.00 264,347.00 450,065.00
      Net Receivables 114,549.00 14,790.00 48,627.00 122,784.00 11,443.00
      Inventory 0 0 0 0 0
      Other Current Assets -331,159.00 -171,855.00 -245,077.00 -601,811.00 -623,128.00
   Non-Current Assets 374,344.00 329,532.00 170,924.00 413,843.00 65,572.00
      Property, Plant, Equipment Net 98,141.00 100,119.00 93,602.00 59,970.00 32,282.00
      Goodwill 0 0 0 0 0
      Intangible Assets 18,485.00 18,663.00 18,500.00 16,493.00 15,977.00
      Long-Term Investments 256,833.00 209,722.00 58,209.00 336,727.00 1,030.00
      Non-Current Deferred Assets 28,123.00 34,405.00 0 0 11,925.00
      Other Non-Current Assets -27,238.00 -33,377.00 613.00 653.00 4,358.00
Liabilities 277,919.00 283,559.00 118,770.00 104,707.00 130,800.00
   Current Liabilities 87,432.00 84,709.00 63,844.00 70,738.00 121,061.00
      Payables and Expenses 35,976.00 43,260.00 28,816.00 33,444.00 26,557.00
            Account Payables 16,759.00 13,914.00 10,088.00 14,001.00 8,954.00
            Current Accrued Liabilities 19,217.00 29,346.00 18,728.00 19,443.00 17,603.00
      Short-Term Debt 51,456.00 9,767.00 4,708.00 0 1,889.00
      Other Current Liabilities 0.00 31,682.00 30,320.00 37,294.00 92,615.00
   Non-Current Liabilities 190,487.00 198,850.00 54,926.00 33,969.00 9,739.00
      Long-Term Debt 180,497.00 73,667.00 54,926.00 33,969.00 9,739.00
      Other Non-Current Liabilities 9,990.00 125,183.00 0.00 0.00 0.00
Equity 674,026.00 669,133.00 727,496.00 733,504.00 572,444.00
   Shareholders Equity 677,611.00 668,796.00 727,496.00 733,504.00 572,444.00
      Capital Stock 703.00 611.00 601.00 595.00 580.00
      Share Premium 1,381,607.00 1,131,266.00 1,072,132.00 1,017,523.00 937,525.00
      Retained Earnings -704,036.00 -464,372.00 -338,285.00 -283,104.00 -365,735.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -663.00 1,291.00 -6,952.00 -1,510.00 74.00
   Minority Interest -3,585.00 337.00 0 0 0
Investments 905,449.00 834,077.00 712,191.00 601,074.00 451,095.00
Debt 231,953.00 83,434.00 59,634.00 33,969.00 11,628.00
Common Shares Outstanding 70,256.11 60,998.19 59,997.71 59,355.56 57,873.44
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 110,493.00 168,338.00 164,579.00 275,111.00 122,694.00
Operating Expenses 288,901.00 306,977.00 247,052.00 231,344.00 199,491.00
   Selling, General and Administrative Expenses 61,215.00 53,379.00 47,489.00 38,837.00 29,689.00
   Research and Development Expenses 227,686.00 253,598.00 199,563.00 192,507.00 169,802.00
   Other Operating Expenses 0.00 0.00 0.00 0.00 0.00
Operating Income -178,408.00 -138,639.00 -82,473.00 43,767.00 -76,797.00
Net Non-Operating Income -56,515.00 18,200.00 27,965.00 38,864.00 7,464.00
Interest Income 68,573.00 0 0 0 0
Interest Expense 36,643.00 0.00 0.00 0.00 0.00
Net Interest 31,930.00 18,626.00 4,817.00 849.00 7,264.00
EBT -234,923.00 -120,439.00 -54,508.00 82,631.00 -69,333.00
Income Tax 1,617.00 5,811.00 673.00 0.00 0.00
Net Income Including Non-Controlling Interests -228,696.00 -125,924.00 0 0 0
Net Income Non-Controlling Interests -3,922.00 -163.00 0 0 0
Net Income -232,618.00 -126,087.00 -55,181.00 82,631.00 -69,333.00
EBIT -198,280.00 -120,439.00 -54,508.00 82,631.00 -69,333.00
Deprecation and Amortization 28,151.00 25,133.00 8,672.00 4,331.00 6,066.00
EBITDA -170,129.00 -95,306.00 -45,836.00 86,962.00 -63,267.00
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 65,041.26 60,503.28 59,652.46 58,379.64 57,212.74
Average Shares Outstanding Diluted 65,041.26 60,503.28 59,652.46 60,495.46 57,212.74
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -202,188.00 85,111.00 24,485.00 -16,853.00 -5,004.00
   Operating Net Income -236,540.00 -126,250.00 -55,181.00 82,631.00 -69,333.00
   Deprecation and Amortization 28,151.00 25,133.00 8,672.00 4,331.00 6,066.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 159,843.00 161,265.00 146,739.00 110,925.00 31,619.00
   Change in Working Capital 2,823.00 -32,543.00 -12,236.00 7,599.00 58,402.00
   Other Operating Activities -156,465.00 57,506.00 -63,509.00 -222,339.00 -31,758.00
Investing Cash Flow -7,872.00 -111,065.00 -119,725.00 -46,249.00 100,192.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 9,512.00 21,252.00 43,404.00 16,000.00 13,769.00
   Net Purchase/Sale of Investments Net 1,191,748.00 1,475,995.00 694,535.00 999,749.00 1,401,275.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -1,209,132.00 -1,608,312.00 -857,664.00 -1,061,998.00 -1,314,852.00
Financing Cash Flow 197,152.00 26,182.00 5,702.00 43,038.00 18,044.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 202,916.00 1,977.00 2,092.00 30,757.00 1,427.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -5,764.00 24,205.00 3,610.00 12,281.00 16,617.00
Net Change in Cash -12,908.00 228.00 -89,538.00 -20,064.00 113,232.00
   Cash at Beginning of Period 54,170.00 53,942.00 143,480.00 163,544.00 50,312.00
   Cash at End of Period 41,262.00 54,170.00 53,942.00 143,480.00 163,544.00
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 868,811.00 879,424.00 904,689.00 951,945.00 983,635.00 826,167.00 884,255.00 952,692.00 778,430.00 778,121.00 803,411.00 846,266.00 835,269.00 851,325.00 857,922.00 838,211.00 697,264.00 695,602.00 692,737.00 703,244.00
   Current Assets 518,441.00 513,150.00 521,271.00 577,601.00 573,328.00 554,470.00 562,252.00 623,160.00 571,176.00 593,562.00 629,976.00 675,342.00 667,998.00 585,936.00 505,970.00 424,368.00 329,629.00 480,967.00 591,168.00 637,672.00
      Cash and Short-Term Investments 525,329.00 538,715.00 549,369.00 794,211.00 784,895.00 611,449.00 638,794.00 780,225.00 716,248.00 717,050.00 894,254.00 871,792.00 762,628.00 646,968.00 539,583.00 903,395.00 523,807.00 872,550.00 1,207,243.00 1,249,357.00
            Cash and Cash Equivalents 82,576.00 139,293.00 119,478.00 145,595.00 113,143.00 77,264.00 44,822.00 155,870.00 216,505.00 120,398.00 299,214.00 217,810.00 150,678.00 130,690.00 161,235.00 639,048.00 134,072.00 402,654.00 838,365.00 799,292.00
            Short-Term Investments 442,753.00 399,422.00 429,891.00 648,616.00 671,752.00 534,185.00 593,972.00 624,355.00 499,743.00 596,652.00 595,040.00 653,982.00 611,950.00 516,278.00 378,348.00 264,347.00 389,735.00 469,896.00 368,878.00 450,065.00
      Net Receivables 43,605.00 67,954.00 56,285.00 114,549.00 14,605.00 36,373.00 14,880.00 14,790.00 112,900.00 36,019.00 35,461.00 48,627.00 77,176.00 95,184.00 174,604.00 122,784.00 38,845.00 26,525.00 23,425.00 11,443.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets -50,493.00 -93,519.00 -84,383.00 -331,159.00 -226,172.00 -93,352.00 -91,422.00 -171,855.00 -257,972.00 -159,507.00 -299,739.00 -245,077.00 -171,806.00 -156,216.00 -208,217.00 -601,811.00 -233,023.00 -418,108.00 -639,500.00 -623,128.00
   Non-Current Assets 350,370.00 366,274.00 383,418.00 374,344.00 410,307.00 271,697.00 322,003.00 329,532.00 207,254.00 184,559.00 173,435.00 170,924.00 167,271.00 265,389.00 351,952.00 413,843.00 367,635.00 214,635.00 101,569.00 65,572.00
      Property, Plant, Equipment Net 92,958.00 93,839.00 96,458.00 98,141.00 101,231.00 103,395.00 103,751.00 100,119.00 102,842.00 101,043.00 100,382.00 93,602.00 70,720.00 70,295.00 59,330.00 59,970.00 24,179.00 23,132.00 22,301.00 32,282.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 9,468.00 11,252.00 13,363.00 18,485.00 17,919.00 18,778.00 18,852.00 18,663.00 18,744.00 18,708.00 18,244.00 18,500.00 18,094.00 17,944.00 16,712.00 16,493.00 16,675.00 16,384.00 15,550.00 15,977.00
      Long-Term Investments 247,158.00 260,399.00 272,815.00 256,833.00 290,274.00 148,642.00 198,520.00 209,722.00 84,630.00 64,210.00 54,210.00 58,209.00 77,844.00 176,537.00 275,297.00 336,727.00 293,326.00 153,619.00 25,082.00 1,030.00
      Non-Current Deferred Assets 0 0 0 28,123.00 0 0 0 34,405.00 0 0 0 0 0 0 0 0 0 0 0 11,925.00
      Other Non-Current Assets 786.00 784.00 782.00 -27,238.00 883.00 882.00 880.00 -33,377.00 1,038.00 598.00 599.00 613.00 613.00 613.00 613.00 653.00 33,455.00 21,500.00 38,636.00 4,358.00
Liabilities 243,495.00 259,073.00 264,815.00 277,919.00 262,737.00 263,626.00 272,068.00 283,559.00 109,420.00 99,245.00 119,828.00 118,770.00 112,571.00 108,984.00 94,899.00 104,707.00 78,404.00 48,664.00 109,125.00 130,800.00
   Current Liabilities 86,485.00 96,083.00 88,436.00 87,432.00 91,972.00 80,076.00 79,402.00 84,709.00 53,041.00 44,630.00 65,056.00 63,844.00 90,032.00 75,041.00 60,941.00 70,738.00 44,317.00 45,962.00 99,931.00 121,061.00
      Payables and Expenses 37,187.00 42,417.00 32,254.00 35,976.00 44,177.00 35,395.00 35,284.00 43,260.00 39,439.00 32,537.00 30,481.00 28,816.00 33,907.00 32,095.00 24,517.00 33,444.00 31,239.00 24,440.00 20,176.00 26,557.00
            Account Payables 9,079.00 18,533.00 16,191.00 16,759.00 18,770.00 15,838.00 16,011.00 13,914.00 14,967.00 14,097.00 15,341.00 10,088.00 14,618.00 15,747.00 11,905.00 14,001.00 9,131.00 7,112.00 7,663.00 8,954.00
            Current Accrued Liabilities 28,108.00 23,884.00 16,063.00 19,217.00 25,407.00 19,557.00 19,273.00 29,346.00 24,472.00 18,440.00 15,140.00 18,728.00 19,289.00 16,348.00 12,612.00 19,443.00 22,108.00 17,328.00 12,513.00 17,603.00
      Short-Term Debt 49,298.00 53,666.00 56,182.00 51,456.00 9,930.00 8,209.00 10,030.00 9,767.00 4,380.00 4,228.00 4,471.00 4,708.00 20,551.00 7,647.00 936.00 0 128.00 2,322.00 1,934.00 1,889.00
      Other Current Liabilities 0.00 0.00 0.00 0.00 37,865.00 36,472.00 34,088.00 31,682.00 9,222.00 7,865.00 30,104.00 30,320.00 35,574.00 35,299.00 35,488.00 37,294.00 12,950.00 19,200.00 77,821.00 92,615.00
   Non-Current Liabilities 157,010.00 162,990.00 176,379.00 190,487.00 170,765.00 183,550.00 192,666.00 198,850.00 56,379.00 54,615.00 54,772.00 54,926.00 22,539.00 33,943.00 33,958.00 33,969.00 34,087.00 2,702.00 9,194.00 9,739.00
      Long-Term Debt 153,107.00 159,287.00 166,021.00 180,497.00 76,658.00 79,469.00 79,299.00 73,667.00 56,379.00 54,615.00 54,772.00 54,926.00 22,539.00 33,943.00 33,958.00 33,969.00 34,087.00 2,702.00 9,194.00 9,739.00
      Other Non-Current Liabilities 3,903.00 3,703.00 10,358.00 9,990.00 94,107.00 104,081.00 113,367.00 125,183.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Equity 625,316.00 620,351.00 639,874.00 674,026.00 720,898.00 562,541.00 612,187.00 669,133.00 669,010.00 678,876.00 683,583.00 727,496.00 722,698.00 742,341.00 763,023.00 733,504.00 618,860.00 646,938.00 583,612.00 572,444.00
   Shareholders Equity 625,316.00 620,351.00 639,874.00 677,611.00 723,836.00 564,325.00 612,526.00 668,796.00 669,010.00 678,876.00 683,583.00 727,496.00 722,698.00 742,341.00 763,023.00 733,504.00 618,860.00 646,938.00 583,612.00 572,444.00
      Capital Stock 714.00 714.00 712.00 703.00 701.00 619.00 617.00 611.00 607.00 607.00 605.00 601.00 598.00 598.00 596.00 595.00 585.00 584.00 583.00 580.00
      Share Premium 1,412,750.00 1,402,658.00 1,391,261.00 1,381,607.00 1,364,846.00 1,162,726.00 1,144,468.00 1,131,266.00 1,114,383.00 1,101,131.00 1,085,651.00 1,072,132.00 1,058,219.00 1,044,172.00 1,029,058.00 1,017,523.00 974,514.00 962,343.00 951,154.00 937,525.00
      Retained Earnings -789,306.00 -783,279.00 -752,454.00 -704,036.00 -643,511.00 -598,368.00 -532,405.00 -464,372.00 -445,271.00 -421,002.00 -399,048.00 -338,285.00 -326,244.00 -293,485.00 -259,510.00 -283,104.00 -356,165.00 -315,974.00 -368,222.00 -365,735.00
      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 1,158.00 258.00 355.00 -663.00 1,800.00 -652.00 -154.00 1,291.00 -709.00 -1,860.00 -3,625.00 -6,952.00 -9,875.00 -8,944.00 -7,121.00 -1,510.00 -74.00 -15.00 97.00 74.00
   Minority Interest 0 0 0 -3,585.00 -2,938.00 -1,784.00 -339.00 337.00 0 0 0 0 0 0 0 0 0 0 0 0
Investments 689,911.00 659,821.00 702,706.00 905,449.00 962,026.00 682,827.00 792,492.00 834,077.00 584,373.00 660,862.00 649,250.00 712,191.00 689,794.00 692,815.00 653,645.00 601,074.00 683,061.00 623,515.00 393,960.00 451,095.00
Debt 202,405.00 212,953.00 222,203.00 231,953.00 86,588.00 87,678.00 89,329.00 83,434.00 60,759.00 58,843.00 59,243.00 59,634.00 43,090.00 41,590.00 34,894.00 33,969.00 34,215.00 5,024.00 11,128.00 11,628.00
Common Shares Outstanding 71,343.00 71,297.00 71,136.00 70,256.11 69,963.45 61,766.05 61,634.68 60,998.19 60,665.90 60,600.06 60,381.60 59,997.71 59,773.34 59,684.42 59,529.19 59,355.56 58,454.81 58,315.49 58,221.95 57,873.44
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 97,339.00 76,340.00 32,732.00 27,448.00 40,475.00 29,765.00 12,805.00 -38,758.00 123,649.00 64,485.00 18,962.00 -179,555.00 142,969.00 115,670.00 85,495.00 18,638.00 121,096.00 101,412.00 33,965.00
Operating Expenses 221,213.00 152,695.00 75,915.00 -154,626.00 222,930.00 149,937.00 70,660.00 -148,476.00 227,279.00 149,847.00 78,327.00 -112,029.00 182,849.00 117,203.00 59,029.00 -95,272.00 168,981.00 107,998.00 49,637.00
   Selling, General and Administrative Expenses 46,603.00 32,452.00 17,337.00 -30,405.00 46,300.00 31,533.00 13,787.00 -23,878.00 37,901.00 25,408.00 13,948.00 -20,886.00 34,738.00 22,364.00 11,273.00 -13,941.00 27,462.00 17,090.00 8,226.00
   Research and Development Expenses 174,610.00 120,243.00 58,578.00 -124,221.00 176,630.00 118,404.00 56,873.00 -124,598.00 189,378.00 124,439.00 64,379.00 -91,143.00 148,111.00 94,839.00 47,756.00 -81,331.00 141,519.00 90,908.00 41,411.00
   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 -123,874.00 -76,355.00 -43,183.00 182,074.00 -182,455.00 -120,172.00 -57,855.00 109,718.00 -103,630.00 -85,362.00 -59,365.00 -67,526.00 -39,880.00 -1,533.00 26,466.00 113,910.00 -47,885.00 -6,586.00 -15,672.00
Net Non-Operating Income 38,507.00 -2,985.00 -5,082.00 -29,991.00 158.00 -15,828.00 -10,854.00 20,309.00 -3,356.00 2,645.00 -1,398.00 41,855.00 -2,171.00 -8,847.00 -2,872.00 -88,123.00 57,455.00 56,347.00 13,185.00
Interest Income 45,897.00 31,694.00 16,203.00 23,941.00 26,482.00 18,150.00 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Expense 24,573.00 16,908.00 8,665.00 32,006.00 2,716.00 1,921.00 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 21,324.00 14,786.00 7,538.00 -15,536.00 23,766.00 16,229.00 7,471.00 -2,594.00 11,672.00 6,656.00 2,892.00 44.00 2,749.00 1,371.00 653.00 -286.00 558.00 362.00 215.00
EBT -85,367.00 -79,340.00 -48,265.00 152,083.00 -182,297.00 -136,000.00 -68,709.00 130,027.00 -106,986.00 -82,717.00 -60,763.00 -25,671.00 -42,051.00 -10,380.00 23,594.00 25,787.00 9,570.00 49,761.00 -2,487.00
Income Tax 117.00 117.00 367.00 1,383.00 117.00 117.00 0.00 5,811.00 0.00 0.00 0.00 -415.00 1,088.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -85,056.00 -79,029.00 -48,204.00 146,400.00 -175,864.00 -131,875.00 -67,357.00 -125,924.00 0 0 0 0 0 0 0 0 0 0 0
Net Income Non-Controlling Interests -214.00 -214.00 -214.00 2,150.00 -3,275.00 -2,121.00 -676.00 -163.00 0 0 0 0 0 0 0 0 0 0 0
Net Income -85,270.00 -79,243.00 -48,418.00 148,550.00 -179,139.00 -133,996.00 -68,033.00 124,379.00 -106,986.00 -82,717.00 -60,763.00 -25,256.00 -43,139.00 -10,380.00 23,594.00 25,787.00 9,570.00 49,761.00 -2,487.00
EBIT -60,794.00 -62,432.00 -39,600.00 184,089.00 -179,581.00 -134,079.00 -68,709.00 130,027.00 -106,986.00 -82,717.00 -60,763.00 -25,671.00 -42,051.00 -10,380.00 23,594.00 25,787.00 9,570.00 49,761.00 -2,487.00
Deprecation and Amortization 11,076.00 6,835.00 4,819.00 -19,198.00 22,617.00 16,096.00 8,636.00 -4,729.00 16,481.00 9,475.00 3,906.00 -2,128.00 5,731.00 3,434.00 1,635.00 -874.00 2,752.00 1,680.00 773.00
EBITDA -49,718.00 -55,597.00 -34,781.00 164,891.00 -156,964.00 -117,983.00 -60,073.00 125,298.00 -90,505.00 -73,242.00 -56,857.00 -27,799.00 -36,320.00 -6,946.00 25,229.00 24,913.00 12,322.00 51,441.00 -1,714.00
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 0.00 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 0.00 0
Average Shares Outstanding Basic 74,122.00 73,975.00 73,667.00 75,198.31 62,310.04 61,444.38 61,212.32 61,931.51 60,387.16 59,922.78 59,771.67 60,149.11 59,564.99 59,487.92 59,407.83 117,195.32 58,199.93 58,123.32 0
Average Shares Outstanding Diluted 74,122.00 73,975.00 73,667.00 75,198.31 62,310.04 61,444.38 61,212.32 61,931.51 60,387.16 59,922.78 59,771.67 58,478.44 59,564.99 59,487.92 61,078.49 121,131.49 60,346.48 60,503.85 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 -83,406.00 -52,589.00 -16,220.00 120,278.00 -146,613.00 -120,595.00 -55,258.00 280,634.00 -96,095.00 -68,814.00 -30,614.00 -80,330.00 48,916.00 50,084.00 5,815.00 131,376.00 -78,643.00 -39,620.00 -29,966.00
   Operating Net Income -85,484.00 -79,457.00 -97,264.00 150,700.00 -182,414.00 -136,117.00 -68,709.00 124,216.00 -106,986.00 -82,717.00 -60,763.00 -25,256.00 -43,139.00 -10,380.00 23,594.00 25,787.00 9,570.00 49,761.00 -2,487.00
   Deprecation and Amortization 11,076.00 6,835.00 4,819.00 -19,198.00 22,617.00 16,096.00 8,636.00 -4,729.00 16,481.00 9,475.00 3,906.00 -2,128.00 5,731.00 3,434.00 1,635.00 -874.00 2,752.00 1,680.00 773.00
   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 118,399.00 82,527.00 43,921.00 -83,100.00 122,847.00 85,833.00 34,263.00 -72,192.00 117,174.00 78,486.00 37,797.00 -64,404.00 108,504.00 70,224.00 32,415.00 -46,641.00 79,758.00 52,929.00 24,879.00
   Change in Working Capital -1,480.00 9,224.00 -9,147.00 11,764.00 2,768.00 -2,174.00 -9,535.00 -861.00 -12,067.00 -19,861.00 246.00 16,006.00 -23,796.00 -19,627.00 15,181.00 171,194.00 -67,782.00 -79,220.00 -16,593.00
   Other Operating Activities -125,917.00 -71,718.00 41,451.00 60,112.00 -112,431.00 -84,233.00 -19,913.00 234,200.00 -110,697.00 -54,197.00 -11,800.00 -4,548.00 1,616.00 6,433.00 -67,010.00 -18,090.00 -102,941.00 -64,770.00 -36,538.00
Investing Cash Flow 68,812.00 54,144.00 13,668.00 -73,400.00 -65,124.00 98,334.00 32,318.00 -298,013.00 92,065.00 46,739.00 48,144.00 243,705.00 -144,273.00 -147,398.00 -71,759.00 -14,927.00 -54,109.00 -15,261.00 38,048.00
   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 2,010.00 1,827.00 1,444.00 -3,085.00 6,829.00 4,707.00 1,061.00 -25,609.00 19,545.00 16,126.00 11,190.00 -9,736.00 32,505.00 17,640.00 2,995.00 -916.00 9,331.00 5,562.00 2,023.00
   Net Purchase/Sale of Investments Net 592,912.00 409,591.00 222,858.00 -759,389.00 1,023,393.00 621,301.00 306,443.00 -390,660.00 1,000,570.00 616,295.00 249,790.00 -219,115.00 522,348.00 282,538.00 108,764.00 -394,361.00 732,550.00 453,211.00 208,349.00
   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 -526,110.00 -357,274.00 -210,634.00 689,074.00 -1,095,346.00 -527,674.00 -275,186.00 118,256.00 -928,050.00 -585,682.00 -212,836.00 472,556.00 -699,126.00 -447,576.00 -183,518.00 380,350.00 -795,990.00 -474,034.00 -172,324.00
Financing Cash Flow 1,911.00 1,911.00 1,249.00 10,740.00 186,983.00 -757.00 186.00 19,218.00 3,199.00 2,843.00 922.00 -2,804.00 4,531.00 3,244.00 731.00 20,112.00 10,408.00 7,179.00 5,339.00
   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 662.00 662.00 0 -200.00 202,186.00 930.00 0 -507.00 1,242.00 1,242.00 0 -302.00 1,197.00 1,197.00 0 28,883.00 937.00 937.00 0
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 1,249.00 1,249.00 1,249.00 10,940.00 -15,203.00 -1,687.00 186.00 19,725.00 1,957.00 1,601.00 922.00 -2,502.00 3,334.00 2,047.00 731.00 -8,771.00 9,471.00 6,242.00 5,339.00
Net Change in Cash -12,683.00 3,466.00 -1,303.00 57,618.00 -24,754.00 -23,018.00 -22,754.00 1,839.00 -831.00 -19,232.00 18,452.00 160,571.00 -90,826.00 -94,070.00 -65,213.00 136,561.00 -122,344.00 -47,702.00 13,421.00
   Cash at Beginning of Period 41,262.00 41,262.00 41,262.00 -16,356.00 54,170.00 54,170.00 54,170.00 52,331.00 53,942.00 53,942.00 53,942.00 -106,629.00 143,480.00 143,480.00 143,480.00 6,919.00 163,544.00 163,544.00 163,544.00
   Cash at End of Period 28,579.00 44,728.00 39,959.00 41,262.00 29,416.00 31,152.00 31,416.00 54,170.00 53,111.00 34,710.00 72,394.00 53,942.00 52,654.00 49,410.00 78,267.00 143,480.00 41,200.00 115,842.00 176,965.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0