Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 14.52 M14.05 M9.79 M10.69 M10.62 M 45.13 M Research & development —43.45 M34.86 M28.17 M— — Operating income -201.15 M-57.37 M-47.14 M-37.25 M-127.64 M -269.4 M Non-Operating Income, Total 9.21 M5.17 M4.46 M-1.59 M-13.08 M -5.04 M Interest expense, net of interest capitalized ————— — Non-Operating Income, excl. Interest Expenses 4.92 M3.86 M3.28 M3.27 M2.68 M 13.08 M Unusual income/expense 4.29 M1.31 M1.18 M-4.86 M-15.76 M -18.12 M Pretax income -191.94 M-52.2 M-42.68 M-38.85 M-140.72 M -274.45 M Equity in earnings ————— — Taxes ————-4.03 M — Non-controlling/minority interest ————— — After tax other income/expense ————— — Net income before discontinued operations -191.94 M-52.2 M-42.68 M-38.85 M-140.72 M -274.45 M Discontinued operations ————— — Net income -191.94 M-52.2 M-42.68 M-38.85 M-140.72 M -274.45 M Dilution adjustment ————— — Preferred dividends ————— — Diluted net income available to common stockholders -191.94 M-52.2 M-42.68 M-38.85 M-140.72 M -274.45 M Basic earnings per share (Basic EPS) -14.33-3.6-2.89-2.13-7.44 -16.06 Diluted earnings per share (Diluted EPS) -14.33-3.6-2.89-2.13-7.44 -16.06 Average basic shares outstanding 13.07 M14.75 M14.79 M18.27 M17.09 M 64.91 M Diluted shares outstanding 13.07 M14.75 M14.79 M18.27 M17.09 M 64.91 M EBITDA -196.12 M-53.93 M-44.01 M-34.69 M-125.25 M -257.87 M EBIT -201.15 M-57.37 M-47.14 M-37.25 M-127.64 M -269.4 M Cost of revenue ————— — Other cost of goods sold ————— — Depreciation & amortization (cash flow) 5.03 M3.44 M3.13 M2.57 M2.4 M 11.54 M