Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 42.72 M43.92 M37.7 M34.55 M36.14 M 152.32 M Research & development 73.43 M76.88 M79.36 M75.17 M68.85 M 300.27 M Operating income -86.58 M-121.22 M-113.77 M-94.9 M-73.46 M -403.36 M Non-Operating Income, Total 9.43 M3.27 M4.29 M911 K2.13 M 10.6 M Interest expense, net of interest capitalized ————— — Non-Operating Income, excl. Interest Expenses 9.43 M3.27 M4.29 M911 K2.13 M 10.6 M Unusual income/expense ————— — Pretax income -77 M-118 M-109.67 M-93.66 M-71.72 M -393.05 M Equity in earnings ————— — Taxes 1.56 M-1.84 M1.99 M-2.4 M184 K -2.07 M Non-controlling/minority interest ————— — After tax other income/expense ————— — Net income before discontinued operations -78.56 M-116.16 M-111.66 M-91.25 M-71.9 M -390.98 M Discontinued operations ————— — Net income -78.56 M-116.16 M-111.66 M-91.25 M-71.9 M -390.98 M Dilution adjustment ————— — Preferred dividends ————— — Diluted net income available to common stockholders -78.56 M-116.16 M-111.66 M-91.25 M-71.9 M -390.98 M Basic earnings per share (Basic EPS) -0.24-0.36-0.33-0.25-0.15 -1.09 Diluted earnings per share (Diluted EPS) -0.24-0.36-0.33138.81-0.24 — Average basic shares outstanding 289.88 K322.87 K334.51 K364.04 K357.34 K 1.38 M Diluted shares outstanding 289.88 K322.87 K334.51 K-657.38 K357.34 K 357.34 K EBITDA -82.59 M-118.43 M-110.37 M-91.95 M-69.74 M -390.49 M EBIT -86.58 M-121.22 M-113.77 M-94.9 M-73.46 M -403.36 M Cost of revenue 53.85 M49.74 M56.66 M38.48 M28.3 M 173.18 M Other cost of goods sold ————— — Depreciation & amortization (cash flow) 3.99 M2.79 M3.4 M2.95 M3.72 M 12.86 M