Estados financieros detallados de None (AARD): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Cuenta de Resultados (10 años)
| Año | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | 0 | 0 | 0 | 0 |
| Coste de Ventas | 0 | 0 | 0 | 0 |
| Beneficio Bruto | 0 | 0 | 0 | 0 |
| I+D | $7.2M | $4.5M | $17.4M | $48.9M |
| Generales y Administrativos | $2.7M | $2.2M | $5.3M | $13.8M |
| Gastos Operativos | $11.4M | $7.4M | $22.8M | $62.7M |
| Beneficio Operativo | -$11.4M | -$7.4M | -$22.8M | -$62.7M |
| EBITDA | -$10.8M | -$6.6M | -$22.7M | -$57.6M |
| Gastos por Intereses | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$13.6M | -$7.2M | -$20.6M | -$57.6M |
| Impuestos | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$13.6M | -$7.2M | -$20.6M | -$57.6M |
| BPA | $-0.63 | $-0.34 | $-0.95 | $-2.64 |
| BPA Diluido | $-0.63 | $-0.34 | $-0.95 | $-2.64 |
| Acciones en Circulación (Diluidas) | $21.4M | $21.4M | $21.7M | $21.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | 0 | 0 | 0 | 0 |
| Beneficio Bruto | 0 | 0 | 0 | 0 |
| Beneficio Operativo | -$17.7M | -$18.7M | -$22.5M | -$15.1M |
| EBITDA | -$16.3M | -$17.6M | -$21.6M | -$14.4M |
| Beneficio Neto | -$16.3M | -$17.6M | -$21.6M | -$14.4M |
| BPA | $-0.75 | $-0.81 | $-0.99 | $-0.66 |
| BPA Diluido | $-0.75 | $-0.81 | $-0.99 | $-0.66 |
Balance (10 años)
| Año | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $15.6M | $9.7M | $61.6M | $47.1M |
| Inversiones a Corto | $546000 | $254000 | $12.0M | $63.0M |
| Cuentas por Cobrar | 0 | 0 | 0 | 0 |
| Inventario | 0 | 0 | 0 | 0 |
| Activos Corrientes | $16.5M | $10.4M | $74.1M | $111.9M |
| Inmovilizado Material | $252000 | $155000 | $735000 | $355000 |
| Fondo de Comercio | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 |
| Activos Totales | $16.8M | $10.5M | $77.5M | $117.2M |
| Cuentas por Pagar | $259000 | $1.0M | $2.3M | $2.1M |
| Deuda a Corto | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $595000 | $1.4M | $4.9M | $10.5M |
| Deuda a Largo | 0 | 0 | 0 | 0 |
| Pasivos Totales | $44.7M | $45.3M | $132.2M | $10.5M |
| Reservas | -$30.5M | -$37.7M | -$58.3M | -$115.9M |
| Patrimonio Neto | -$27.9M | -$34.8M | -$54.6M | $106.6M |
| Deuda Total | $262000 | $162000 | $779000 | $441000 |
| Deuda Neta | -$15.8M | -$9.8M | -$72.9M | -$109.6M |
| Capital Circulante | $15.9M | $9.0M | $69.2M | $101.3M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $39.3M | $47.1M | $62.4M | $73.8M |
| Activos Totales | $133.2M | $117.2M | $98.6M | $81.5M |
| Pasivos Totales | $10.9M | $10.5M | $11.6M | $6.7M |
| Patrimonio Neto | $122.4M | $106.6M | $87.0M | $74.8M |
| Deuda Total | $545000 | $441000 | $336000 | $677000 |
Flujo de Caja (10 años)
| Año | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$13.6M | -$7.2M | -$20.6M | -$57.6M |
| Amortizaciones | $110000 | $97000 | $16000 | -$1.3M |
| Compensación en Acciones | $412000 | $313000 | $439000 | $3.9M |
| Cambio en Capital Circulante | -$1.3M | -$81000 | $1.6M | $356000 |
| Flujo de Caja Operativo | -$10.5M | -$5.8M | -$18.1M | -$54.2M |
| Inversiones (CapEx) | 0 | 0 | -$109000 | -$95000 |
| Adquisiciones | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$10.5M | -$5.8M | -$18.2M | -$54.3M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$18.5M | -$14.4M | -$18.9M | -$17.6M |
| Inversiones (CapEx) | -$4000 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$18.5M | -$14.4M | -$18.9M | -$17.6M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | $2.0M | $1.9M |
Crecimiento y Márgenes (10 años)
| Año | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Beneficio Neto (anual) | | +46.9% | -185.6% | -179.7% |
| Crecimiento BPA (anual) | | +46.0% | -179.4% | -177.9% |
| Cambio en Acciones (anual) | | +0.0% | +1.5% | +0.6% |
| Crecimiento FCF (anual) | | +44.8% | -212.4% | -198.2% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.49 | $-0.27 | $-0.84 | $-2.49 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $21.4M | $21.4M | $21.7M | $21.8M |
Ratios Clave (10 años)
| Año | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -22.71 | -42.09 | -15.06 | -4.97 |
| P/VC | -10.96 | -8.79 | -5.68 | 2.69 |
| P/V | 0.00 | 0.00 | 0.00 | 0.00 |
| Margen Bruto | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Operativo | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Neto | 0.0% | 0.0% | 0.0% | 0.0% |