N 
0.29
+0.70%
Close of 9 Nov 2026, in EUR
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in EUR, from our data supplier.
Revenue
€16.8m
FY2016FY2025
Net income
−€2.4m
FY2016FY2025
Free cash flow
—
FY2016FY2025
Shareholders' equity
€6.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €16.8m | €7.9m | €6.9m | €3.3m | €7.2m | €12.9m | — | €4.7m | €15.1m | €16,000 |
| Research and development | — | €6.0m | €7.6m | €18.0m | €17.9m | €12.7m | €17.7m | €16.3m | €9.8m | €12.2m |
| Operating income | −€13.6m | −€9.9m | −€17.1m | −€34.1m | −€46.0m | −€6.8m | −€18.3m | −€21.8m | −€17.6m | −€20.8m |
| Net income | −€2.4m | −€22.4m | −€20.9m | −€31.3m | −€43.8m | −€18.1m | −€18.9m | −€18.4m | −€3.6m | −€19.0m |
| Diluted earnings per share | -0.03 | -0.32 | -0.42 | -0.70 | -1.16 | -0.52 | -0.62 | -0.62 | -0.04 | -0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €10.4m | €24.4m | €53.0m | €93.2m | €114.6m | €142.3m | — | €138.6m | €150.8m | €148.7m |
| Cash and short-term investments | €4.1m | €10.5m | €11.3m | €27.1m | €42.0m | €47.2m | — | €22.1m | €41.4m | €28.9m |
| Total liabilities | €4.4m | €21.0m | €31.6m | €40.7m | €39.1m | €41.4m | €15.4m | €24.9m | €24.0m | €44.2m |
| Debt | €406,330 | €17.7m | €25.2m | €26.5m | €21.5m | €19.1m | €2.5m | €85,000 | €50,000 | €62,000 |
| Shareholders' equity | €6.0m | €3.4m | €21.4m | €42.3m | €75.6m | €100.8m | — | €113.7m | €126.8m | €104.5m |
| Shares outstanding | 88m | 69m | 50m | 45m | 38m | 35m | 30m | 30m | 93m | 93m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | — | — | −€23.1m | −€18.5m | −€5.4m | −€16.1m | −€19.1m | −€12.4m | −€25.7m |
| Capital spending | — | — | — | −€42,000 | −€8,000 | −€20,000 | −€95,000 | −€228,000 | −€77,000 | −€8,000 |
| Free cash flow | — | — | — | −€23.2m | −€18.5m | −€5.4m | −€16.1m | −€19.4m | −€12.5m | −€25.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €3.5m | €15.2m | €1.5m | €1.8m | €6.1m | €6.9m | €1,733 | €867 |
| Operating income | −€963,000 | €9.1m | −€6.6m | −€33.9m | −€3.1m | −€17.0m | −€8,243 | −€4,122 |
| Net income | −€521,000 | €6.5m | −€8.9m | −€18.1m | −€4.3m | −€20.9m | −€6,606 | −€3,303 |
| Diluted earnings per share | -0.01 | 0.07 | -0.10 | -0.26 | -0.06 | -0.42 | -0.00 | -0.00 |
| Total assets | €12.4m | €10.4m | €14.6m | €24.4m | €49.5m | €53.0m | €82.3m | €82.3m |
| Cash and short-term investments | €6.0m | €4.1m | €5.7m | €10.5m | €7.7m | €11.3m | €19.0m | €19.0m |
| Debt | €2.9m | €403,713 | €29.7m | €15.7m | €27.4m | €25.2m | €21.2m | €2.8m |
| Shareholders' equity | €6.9m | €6.0m | −€4.8m | €3.4m | €20.0m | €21.4m | €45.5m | €45.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 72.4% | 5.4% | 5.3% |
| Operating income | -26.3% | 15.1% | -6.6% |
| Net income | -57.4% | -33.2% | -21.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -95.4% | -214.4% | -231.8% | — |
| Net margin | -100.7% | -221.1% | -252.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.9 | -0.9 | -1.1 | -1.6 | -2.2 | -8.4 | -7.0 | -8.1 | -260.8 | -41.7 |
| Price to sales | 1.6 | 2.5 | 3.2 | 15.3 | 13.3 | 11.8 | — | 31.5 | 62.6 | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 3 Dec 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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