Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 113.27 M120.79 M130.28 M150.24 M169.3 M 570.6 M Research & development 55.01 M44.78 M49.54 M40.16 M48.79 M 183.28 M Operating income -72.62 M-56.98 M-36.71 M-46.11 M-26.96 M -166.76 M Non-Operating Income, Total -2.21 M-2.43 M-1.83 M-1.12 M-1.17 M -6.56 M Interest expense, net of interest capitalized -5.43 M-5.26 M-4.09 M-3.38 M-3.21 M -15.93 M Non-Operating Income, excl. Interest Expenses 3.22 M2.83 M2.25 M2.25 M2.04 M 9.37 M Unusual income/expense ————— — Pretax income -74.83 M-59.41 M-48.93 M-47.23 M-28.13 M -183.7 M Equity in earnings ————— — Taxes 85 K0-960 K0430 K -530 K Non-controlling/minority interest ————— — After tax other income/expense ————— — Net income before discontinued operations -74.91 M-59.41 M-47.97 M-47.23 M-28.56 M -183.17 M Discontinued operations ————— — Net income -74.91 M-59.41 M-47.97 M-47.23 M-28.56 M -183.17 M Dilution adjustment ————— — Preferred dividends ————— — Diluted net income available to common stockholders -74.91 M-59.41 M-47.97 M-47.23 M-28.56 M -183.17 M Basic earnings per share (Basic EPS) -1.54-1.22-0.97-0.94-0.55 -3.68 Diluted earnings per share (Diluted EPS) -1.54-1.22-0.97-0.94-0.55 -3.68 Average basic shares outstanding 47.91 M48.87 M49.44 M50.02 M49.75 M 198.08 M Diluted shares outstanding 47.91 M48.87 M49.44 M50.02 M49.75 M 198.08 M EBITDA -64.66 M-53.79 M-34.02 M-43.54 M-19.75 M -151.1 M EBIT -72.62 M-56.98 M-36.71 M-46.11 M-26.96 M -166.76 M Cost of revenue 10.51 M9.79 M13.45 M11.91 M12.33 M 47.48 M Other cost of goods sold 10.51 M9.79 M13.45 M11.91 M12.33 M 47.48 M Depreciation & amortization (cash flow) 7.96 M3.19 M2.7 M2.57 M7.2 M 15.66 M