@import "https://fonts.googleapis.com/css2?family=Cormorant+Garamond:wght@400;500;600;700&family=Manrope:wght@300;400;500;600;700;800&family=IBM+Plex+Mono:wght@400;500;600;700&display=swap";
@layer properties{@supports (((-webkit-hyphens:none)) and (not (margin-trim:inline))) or ((-moz-orient:inline) and (not (color:rgb(from red r g b)))){*,:before,:after,::backdrop{--tw-rotate-x:initial;--tw-rotate-y:initial;--tw-rotate-z:initial;--tw-skew-x:initial;--tw-skew-y:initial;--tw-border-style:solid;--tw-ordinal:initial;--tw-slashed-zero:initial;--tw-numeric-figure:initial;--tw-numeric-spacing:initial;--tw-numeric-fraction:initial;--tw-outline-style:solid;--tw-blur:initial;--tw-brightness:initial;--tw-contrast:initial;--tw-grayscale:initial;--tw-hue-rotate:initial;--tw-invert:initial;--tw-opacity:initial;--tw-saturate:initial;--tw-sepia:initial;--tw-drop-shadow:initial;--tw-drop-shadow-color:initial;--tw-drop-shadow-alpha:100%;--tw-drop-shadow-size:initial;--tw-ease:initial}}}@layer theme{:root,:host{--font-sans:ui-sans-serif, system-ui, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji";--font-serif:ui-serif, Georgia, Cambria, "Times New Roman", Times, serif;--font-mono:ui-monospace, SFMono-Regular, Menlo, Monaco, Consolas, "Liberation Mono", "Courier New", monospace;--ease-in-out:cubic-bezier(.4, 0, .2, 1);--default-transition-duration:.15s;--default-transition-timing-function:cubic-bezier(.4, 0, .2, 1);--default-font-family:var(--font-sans);--default-mono-font-family:var(--font-mono)}}@layer base{*,:after,:before,::backdrop{box-sizing:border-box;border:0 solid;margin:0;padding:0}::file-selector-button{box-sizing:border-box;border:0 solid;margin:0;padding:0}html,:host{-webkit-text-size-adjust:100%;tab-size:4;line-height:1.5;font-family:var(--default-font-family,ui-sans-serif, system-ui, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji");font-feature-settings:var(--default-font-feature-settings,normal);font-variation-settings:var(--default-font-variation-settings,normal);-webkit-tap-highlight-color:transparent}hr{height:0;color:inherit;border-top-width:1px}abbr:where([title]){-webkit-text-decoration:underline dotted;text-decoration:underline dotted}h1,h2,h3,h4,h5,h6{font-size:inherit;font-weight:inherit}a{color:inherit;-webkit-text-decoration:inherit;-webkit-text-decoration:inherit;-webkit-text-decoration:inherit;-webkit-text-decoration:inherit;text-decoration:inherit}b,strong{font-weight:bolder}code,kbd,samp,pre{font-family:var(--default-mono-font-family,ui-monospace, SFMono-Regular, Menlo, Monaco, Consolas, "Liberation Mono", "Courier New", monospace);font-feature-settings:var(--default-mono-font-feature-settings,normal);font-variation-settings:var(--default-mono-font-variation-settings,normal);font-size:1em}small{font-size:80%}sub,sup{vertical-align:baseline;font-size:75%;line-height:0;position:relative}sub{bottom:-.25em}sup{top:-.5em}table{text-indent:0;border-color:inherit;border-collapse:collapse}:-moz-focusring{outline:auto}progress{vertical-align:baseline}summary{display:list-item}ol,ul,menu{list-style:none}img,svg,video,canvas,audio,iframe,embed,object{vertical-align:middle;display:block}img,video{max-width:100%;height:auto}button,input,select,optgroup,textarea{font:inherit;font-feature-settings:inherit;font-variation-settings:inherit;letter-spacing:inherit;color:inherit;opacity:1;background-color:#0000;border-radius:0}::file-selector-button{font:inherit;font-feature-settings:inherit;font-variation-settings:inherit;letter-spacing:inherit;color:inherit;opacity:1;background-color:#0000;border-radius:0}:where(select:is([multiple],[size])) optgroup{font-weight:bolder}:where(select:is([multiple],[size])) optgroup option{padding-inline-start:20px}::file-selector-button{margin-inline-end:4px}::placeholder{opacity:1}@supports (not ((-webkit-appearance:-apple-pay-button))) or (contain-intrinsic-size:1px){::placeholder{color:currentColor}@supports (color:color-mix(in lab, red, red)){::placeholder{color:color-mix(in oklab, currentcolor 50%, transparent)}}}textarea{resize:vertical}::-webkit-search-decoration{-webkit-appearance:none}::-webkit-date-and-time-value{min-height:1lh;text-align:inherit}::-webkit-datetime-edit{display:inline-flex}::-webkit-datetime-edit-fields-wrapper{padding:0}::-webkit-datetime-edit{padding-block:0}::-webkit-datetime-edit-year-field{padding-block:0}::-webkit-datetime-edit-month-field{padding-block:0}::-webkit-datetime-edit-day-field{padding-block:0}::-webkit-datetime-edit-hour-field{padding-block:0}::-webkit-datetime-edit-minute-field{padding-block:0}::-webkit-datetime-edit-second-field{padding-block:0}::-webkit-datetime-edit-millisecond-field{padding-block:0}::-webkit-datetime-edit-meridiem-field{padding-block:0}::-webkit-calendar-picker-indicator{line-height:1}:-moz-ui-invalid{box-shadow:none}button,input:where([type=button],[type=reset],[type=submit]){appearance:button}::file-selector-button{appearance:button}::-webkit-inner-spin-button{height:auto}::-webkit-outer-spin-button{height:auto}[hidden]:where(:not([hidden=until-found])){display:none!important}}@layer components;@layer utilities{.visible{visibility:visible}.absolute{position:absolute}.fixed{position:fixed}.relative{position:relative}.sticky{position:sticky}.container{width:100%}@media (min-width:40rem){.container{max-width:40rem}}@media (min-width:48rem){.container{max-width:48rem}}@media (min-width:64rem){.container{max-width:64rem}}@media (min-width:80rem){.container{max-width:80rem}}@media (min-width:96rem){.container{max-width:96rem}}.block{display:block}.flex{display:flex}.grid{display:grid}.hidden{display:none}.inline-block{display:inline-block}.inline-flex{display:inline-flex}.table{display:table}.h-full{height:100%}.min-h-full{min-height:100%}.transform{transform:var(--tw-rotate-x,) var(--tw-rotate-y,) var(--tw-rotate-z,) var(--tw-skew-x,) var(--tw-skew-y,)}.border{border-style:var(--tw-border-style);border-width:1px}.uppercase{text-transform:uppercase}.italic{font-style:italic}.lining-nums{--tw-numeric-figure:lining-nums;font-variant-numeric:var(--tw-ordinal,) var(--tw-slashed-zero,) var(--tw-numeric-figure,) var(--tw-numeric-spacing,) var(--tw-numeric-fraction,)}.outline{outline-style:var(--tw-outline-style);outline-width:1px}.filter{filter:var(--tw-blur,) var(--tw-brightness,) var(--tw-contrast,) var(--tw-grayscale,) var(--tw-hue-rotate,) var(--tw-invert,) var(--tw-saturate,) var(--tw-sepia,) var(--tw-drop-shadow,)}.transition{transition-property:color,background-color,border-color,outline-color,text-decoration-color,fill,stroke,--tw-gradient-from,--tw-gradient-via,--tw-gradient-to,opacity,box-shadow,transform,translate,scale,rotate,filter,-webkit-backdrop-filter,backdrop-filter,display,content-visibility,overlay,pointer-events;transition-timing-function:var(--tw-ease,var(--default-transition-timing-function));transition-duration:var(--tw-duration,var(--default-transition-duration))}.ease-in-out{--tw-ease:var(--ease-in-out);transition-timing-function:var(--ease-in-out)}}*,:before,:after{box-sizing:border-box;margin:0;padding:0}:root{--bg-0:#0b0d10;--bg-1:#12161c;--bg-2:#181e27;--bg-3:#2a313b;--border:#2a313b;--border-light:#373e4c;--text-primary:#f2efe8;--text-secondary:#a9b0ba;--text-muted:#6a6f75;--teal:#3fa99c;--teal-dim:#3fa99c1f;--gold:#c5a15a;--gold-dim:#c5a15a1f;--amber:#d2a23f;--amber-dim:#d2a23f1f;--red:#d75b5b;--red-dim:#d75b5b1f;--green:#43b77a;--green-dim:#43b77a1f;--font-body:"Manrope", system-ui, sans-serif;--font-mono:"IBM Plex Mono", monospace;--font-serif:"Cormorant Garamond", Georgia, serif;--background:#0b0d10;--foreground:#f2efe8}html,body{background:var(--bg-0);color:var(--text-primary);font-family:var(--font-body);min-height:100vh;font-size:14px;line-height:1.5}a{color:var(--gold);text-decoration:none}a:hover{text-decoration:underline}.btn{font-size:13px;font-weight:600;font-family:var(--font-body);cursor:pointer;white-space:nowrap;border:1px solid #0000;align-items:center;gap:8px;padding:8px 20px;text-decoration:none;transition:all .15s;display:inline-flex}.btn-primary{background:var(--gold);color:#000;border-color:var(--gold)}.btn-primary:hover{background:#a78949;text-decoration:none}.btn-secondary{color:var(--text-primary);border-color:var(--border-light);background:0 0}.btn-secondary:hover{border-color:var(--gold);color:var(--gold);text-decoration:none}.btn-ghost{color:var(--text-secondary);background:0 0;border-color:#0000;padding:8px 12px}.btn-ghost:hover{color:var(--text-primary);background:var(--bg-2);text-decoration:none}.btn-lg{padding:12px 28px;font-size:15px}.btn-sm{padding:5px 14px;font-size:12px}.badge{font-size:11px;font-weight:600;font-family:var(--font-mono);letter-spacing:.5px;text-transform:uppercase;padding:2px 10px;display:inline-block}.badge-teal{background:var(--gold-dim);color:var(--gold);border:1px solid #c5a15a4d}.badge-amber{background:var(--amber-dim);color:var(--amber);border:1px solid #f59e0b4d}.badge-red{background:var(--red-dim);color:var(--red);border:1px solid #ef44444d}.badge-green{background:var(--green-dim);color:var(--green);border:1px solid #22c55e4d}.badge-neutral{background:var(--bg-3);color:var(--text-secondary);border:1px solid var(--border-light)}.card{background:var(--bg-1);border:1px solid var(--border);padding:24px}.input{background:var(--bg-2);border:1px solid var(--border-light);width:100%;color:var(--text-primary);font-size:14px;font-family:var(--font-body);outline:none;padding:10px 14px;transition:border-color .15s}.input:focus{border-color:var(--teal)}.input::placeholder{color:var(--text-muted)}.input-label{color:var(--text-secondary);letter-spacing:.3px;margin-bottom:6px;font-size:12px;font-weight:600;display:block}.data-table{border-collapse:collapse;width:100%}.data-table th{text-align:left;font-size:10px;font-weight:700;font-family:var(--font-mono);letter-spacing:1px;text-transform:uppercase;color:var(--text-muted);border-bottom:1px solid var(--border);padding:8px 12px}.data-table td{border-bottom:1px solid var(--border);vertical-align:middle;padding:10px 12px;font-size:13px}.data-table tr:last-child td{border-bottom:none}.data-table tr:hover td{background:var(--bg-2)}.section-label{font-size:10px;font-weight:700;font-family:var(--font-mono);letter-spacing:1.5px;text-transform:uppercase;color:var(--text-muted);margin-bottom:8px}.report-card{background:var(--bg-1);cursor:pointer;height:100%;padding:20px;transition:background .1s}.report-card:hover{background:var(--bg-2)}.mono{font-family:var(--font-mono)}.report-content h2,.report-content h1{color:var(--gold);background:var(--bg-1);border-left:3px solid var(--gold);font-size:11px;font-weight:700;font-family:var(--font-mono);letter-spacing:1px;text-transform:uppercase;margin:44px 0 16px;padding:9px 14px}.report-content h3{color:var(--text-primary);margin:18px 0 6px;font-size:13px;font-weight:600}.report-content h4{color:var(--text-secondary);margin:12px 0 4px;font-size:12px;font-weight:600}.report-content p{color:var(--text-secondary);margin-bottom:10px;line-height:1.75}.report-content ul{color:var(--text-secondary);margin-bottom:12px;padding-left:18px;list-style:outside}.report-content ol{color:var(--text-secondary);margin-bottom:12px;padding-left:22px}.report-content ul li{margin-bottom:4px;line-height:1.65}.report-content ol li{margin-bottom:6px;line-height:1.65}.report-content li>strong,.report-content li>p>strong{color:var(--text-primary)}.report-content strong{color:var(--text-primary);font-weight:600}.report-content em{color:var(--text-muted);font-style:italic}.report-content hr{border:none;border-top:1px solid var(--border);margin:28px 0}.report-content blockquote{border-left:2px solid var(--border-light);background:var(--bg-1);margin:12px 0;padding:8px 14px}.report-content blockquote p{color:var(--text-secondary);margin-bottom:0}.report-content table{border-collapse:collapse;width:100%;margin:18px 0;font-size:13px}.report-content thead tr{background:var(--bg-2)}.report-content th{text-align:left;font-family:var(--font-mono);text-transform:uppercase;letter-spacing:1px;color:var(--text-muted);border:1px solid var(--border);padding:8px 12px;font-size:10px}.report-content td{border:1px solid var(--border);color:var(--text-secondary);vertical-align:top;padding:9px 12px;line-height:1.55}.report-content tr:nth-child(2n) td{background:#ffffff05}.report-content code{font-family:var(--font-mono);background:var(--bg-2);color:var(--gold);padding:1px 6px;font-size:12px}.report-content>p:first-child{color:var(--text-primary);border-bottom:1px solid var(--border);margin-bottom:24px;padding-bottom:20px;font-size:14px;line-height:1.8}.market-condition-commentary{color:var(--text-secondary);font-size:12px;line-height:1.7}.market-condition-commentary h1,.market-condition-commentary h2,.market-condition-commentary h3{letter-spacing:.5px;text-transform:uppercase;color:var(--gold);margin:12px 0 6px;font-size:11px;font-weight:700}.market-condition-commentary h1:first-child,.market-condition-commentary h2:first-child,.market-condition-commentary h3:first-child{margin-top:0}.market-condition-commentary p{margin-bottom:10px}.market-condition-commentary p:last-child{margin-bottom:0}.market-condition-commentary strong{color:var(--text-primary)}.market-condition-commentary hr{border:none;border-top:1px solid var(--border);margin:10px 0}.market-condition-commentary ul,.market-condition-commentary ol{margin-bottom:10px;padding-left:18px}@media print{@page{size:A4;margin:18mm 20mm}*,:before,:after{-webkit-print-color-adjust:exact;print-color-adjust:exact;color:#111!important;box-shadow:none!important;text-shadow:none!important;background:#fff!important;border-color:#ddd!important}nav,aside,.btn,[class*=btn],[class*=banner],[class*=limit]{display:none!important}body{font-family:Manrope,Georgia,serif;font-size:10pt;line-height:1.6}main{max-width:100%!important;padding:0!important}main>div>div:first-child{border-bottom:2px solid #111!important;margin-bottom:20pt!important;padding-bottom:12pt!important}main>div>div:first-child h1{color:#111!important;font-size:22pt!important;font-weight:700!important}main>div>div:first-child div[style*="32px"]{color:#111!important;font-size:22pt!important}body:after{content:"COMPOUNDRA — Confidential research report";text-align:center;border-top:1px solid #ddd;padding-top:4pt;font-family:IBM Plex Mono,monospace;font-size:7pt;display:block;position:fixed;bottom:10mm;left:20mm;right:20mm;color:#999!important}.report-content h1,.report-content h2{page-break-before:always;break-before:page;page-break-after:avoid;break-after:avoid;letter-spacing:.5px;text-transform:uppercase;color:#111!important;background:#f4f4f4!important;border-left:3px solid #111!important;margin:0 0 12pt!important;padding:6pt 10pt!important;font-size:9pt!important;font-weight:700!important}.report-content h1:first-of-type,.report-content h2:first-of-type{page-break-before:avoid;break-before:avoid}.report-content h3{page-break-after:avoid;break-after:avoid;color:#111!important;margin:10pt 0 4pt!important;font-size:10pt!important;font-weight:600!important}.report-content p{orphans:3;widows:3;color:#222!important;margin-bottom:7pt!important;font-size:10pt!important}.report-content li{color:#222!important;margin-bottom:3pt!important;font-size:10pt!important}.report-content strong{color:#000!important}.report-content>p:first-child{color:#111!important;border-bottom:1px solid #ddd!important;margin-bottom:16pt!important;padding-bottom:10pt!important;font-size:10.5pt!important}.report-content table{page-break-inside:avoid;break-inside:avoid;font-size:9pt!important}.report-content thead tr{background:#f4f4f4!important}.report-content th{color:#555!important;border:1px solid #ccc!important;padding:5pt 8pt!important}.report-content td{color:#222!important;border:1px solid #ddd!important;padding:5pt 8pt!important}.report-content tr:nth-child(2n) td{background:#fafafa!important}.report-content blockquote{background:#f9f9f9!important;border-left:2px solid #999!important}.report-content hr{border-top:1px solid #ddd!important}.report-content ul,.report-content ol{page-break-inside:avoid;break-inside:avoid}.report-scorecard-panel{page-break-inside:avoid;break-inside:avoid;page-break-before:avoid;break-before:avoid;margin-bottom:16pt!important;padding:10pt 14pt!important}.report-pricechart{page-break-inside:avoid;break-inside:avoid;page-break-before:avoid;break-before:avoid;padding:10pt 14pt!important}.market-condition-panel{display:none!important}}@property --tw-rotate-x{syntax:"*";inherits:false}@property --tw-rotate-y{syntax:"*";inherits:false}@property --tw-rotate-z{syntax:"*";inherits:false}@property --tw-skew-x{syntax:"*";inherits:false}@property --tw-skew-y{syntax:"*";inherits:false}@property --tw-border-style{syntax:"*";inherits:false;initial-value:solid}@property --tw-ordinal{syntax:"*";inherits:false}@property --tw-slashed-zero{syntax:"*";inherits:false}@property --tw-numeric-figure{syntax:"*";inherits:false}@property --tw-numeric-spacing{syntax:"*";inherits:false}@property --tw-numeric-fraction{syntax:"*";inherits:false}@property --tw-outline-style{syntax:"*";inherits:false;initial-value:solid}@property --tw-blur{syntax:"*";inherits:false}@property --tw-brightness{syntax:"*";inherits:false}@property --tw-contrast{syntax:"*";inherits:false}@property --tw-grayscale{syntax:"*";inherits:false}@property --tw-hue-rotate{syntax:"*";inherits:false}@property --tw-invert{syntax:"*";inherits:false}@property --tw-opacity{syntax:"*";inherits:false}@property --tw-saturate{syntax:"*";inherits:false}@property --tw-sepia{syntax:"*";inherits:false}@property --tw-drop-shadow{syntax:"*";inherits:false}@property --tw-drop-shadow-color{syntax:"*";inherits:false}@property --tw-drop-shadow-alpha{syntax:"<percentage>";inherits:false;initial-value:100%}@property --tw-drop-shadow-size{syntax:"*";inherits:false}@property --tw-ease{syntax:"*";inherits:false}
