A
2.81
-3.10%
Close of 9 Nov 2026, in DKK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in DKK, from our data supplier.
Revenue
DKK 11.5m
FY2016FY2025
Net income
−DKK 1.5m
FY2016FY2025
Free cash flow
DKK 632,780
FY2016FY2025
Shareholders' equity
DKK 7.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 11.5m | DKK 9.9m | DKK 8.8m | DKK 8.5m | DKK 8.6m | DKK 6.4m | DKK 5.0m | DKK 2.3m | −DKK 682,882 | −DKK 556,809 |
| Research and development | DKK 250,000 | DKK 50,575 | DKK 100,538 | DKK 100,538 | DKK 49,964 | — | — | — | — | — |
| Operating income | −DKK 1.2m | −DKK 2.9m | −DKK 3.3m | −DKK 5.0m | −DKK 3.0m | −DKK 3.3m | −DKK 67,579 | −DKK 638,918 | −DKK 709,370 | −DKK 576,370 |
| Net income | −DKK 1.5m | −DKK 3.2m | −DKK 3.5m | −DKK 6.6m | −DKK 2.7m | −DKK 2.7m | −DKK 89,713 | −DKK 674,171 | −DKK 759,811 | −DKK 577,031 |
| Diluted earnings per share | -0.12 | -0.23 | -0.26 | -0.49 | -0.20 | -0.20 | -0.01 | -0.05 | -0.06 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 8.9m | DKK 12.3m | DKK 12.9m | DKK 16.2m | DKK 23.1m | DKK 26.1m | DKK 3.1m | DKK 2.9m | DKK 1.1m | DKK 214,890 |
| Cash and short-term investments | DKK 1.3m | DKK 957,427 | DKK 2.1m | DKK 4.0m | DKK 9.7m | DKK 17.5m | DKK 242,377 | DKK 212,338 | DKK 104,141 | DKK 3,147 |
| Total liabilities | DKK 1.6m | DKK 1.7m | DKK 545,432 | DKK 351,412 | DKK 635,224 | DKK 1.0m | DKK 1.5m | DKK 2.7m | DKK 2.5m | DKK 790,921 |
| Debt | DKK 339,419 | DKK 702,854 | DKK 411,487 | DKK 121,756 | DKK 481,064 | DKK 541,973 | DKK 872,139 | DKK 2.3m | DKK 672,003 | — |
| Shareholders' equity | DKK 7.3m | DKK 10.6m | DKK 12.3m | DKK 15.9m | DKK 22.4m | DKK 25.1m | DKK 1.6m | DKK 197,987 | −DKK 1.3m | −DKK 576,031 |
| Shares outstanding | 13m | 14m | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 13m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 898,400 | −DKK 1.4m | −DKK 1.5m | −DKK 4.0m | −DKK 2.9m | −DKK 2.5m | −DKK 1.1m | −DKK 1.2m | — | — |
| Capital spending | −DKK 265,620 | −DKK 1.4m | −DKK 481,763 | −DKK 1.8m | −DKK 4.7m | −DKK 3.2m | −DKK 146,910 | −DKK 770,675 | — | — |
| Free cash flow | DKK 632,780 | −DKK 2.8m | −DKK 2.0m | −DKK 5.7m | −DKK 7.6m | −DKK 5.7m | −DKK 1.3m | −DKK 1.9m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 6.3m | DKK 5.9m | DKK 5.6m | DKK 5.2m | DKK 4.7m | DKK 2.4m | DKK 4.6m | DKK 2.3m |
| Operating income | DKK 225,355 | −DKK 483,121 | −DKK 703,906 | −DKK 1.2m | −DKK 1.7m | −DKK 856,376 | −DKK 1.5m | −DKK 749,585 |
| Net income | DKK 110,133 | −DKK 685,458 | −DKK 835,512 | −DKK 1.4m | −DKK 1.8m | −DKK 920,105 | −DKK 1.6m | −DKK 801,527 |
| Diluted earnings per share | 0.01 | -0.05 | -0.06 | -0.10 | -0.13 | -0.07 | -0.12 | -0.06 |
| Cash from operations | — | — | — | — | −DKK 1.0m | — | — | — |
| Total assets | DKK 9.8m | DKK 8.9m | DKK 11.4m | DKK 12.3m | DKK 11.2m | DKK 11.2m | DKK 12.9m | DKK 12.9m |
| Cash and short-term investments | DKK 630,710 | DKK 1.3m | DKK 836,900 | DKK 957,427 | DKK 294,094 | DKK 294,094 | DKK 2.1m | DKK 2.1m |
| Debt | DKK 84,952 | DKK 94,796 | DKK 672,789 | DKK 380,831 | DKK 301,420 | — | DKK 411,487 | — |
| Shareholders' equity | DKK 7.4m | DKK 7.3m | DKK 9.8m | DKK 10.6m | DKK 10.5m | DKK 10.5m | DKK 12.3m | DKK 12.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.5% | 12.4% | — |
| Operating income | -38.0% | -18.3% | — |
| Net income | -38.6% | -10.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -23.7 | -5.7 | -5.2 | -2.5 | -15.2 | -26.7 |
| Price to sales | 3.1 | 1.9 | 2.1 | 1.9 | 4.7 | 11.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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