F 
0.40
+4.74%
Close of 9 Nov 2026, in EUR
Search any instrument
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
€13.4m
FY2016FY2025
Net income
−€9.4m
FY2016FY2025
Free cash flow
−€8.1m
FY2016FY2025
Shareholders' equity
€25.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €13.4m | €10.3m | €3.6m | €6.8m | €5.6m | €2.2m | €1.9m | €2.3m | €1.3m | €705,000 |
| Research and development | €5.2m | €3.3m | €3.1m | €3.4m | €3.7m | €4.9m | €3.6m | €3.5m | €4.5m | €2.6m |
| Operating income | −€9.4m | −€8.3m | −€9.9m | −€9.2m | −€9.6m | −€10.4m | −€10.7m | −€7.1m | −€7.3m | −€6.1m |
| Net income | −€9.4m | −€11.5m | −€12.6m | −€8.8m | −€6.8m | −€6.9m | −€17.3m | −€8.1m | −€7.3m | −€7.6m |
| Diluted earnings per share | -0.09 | -0.13 | -0.30 | -0.21 | -0.17 | -0.27 | -0.96 | -0.47 | -0.52 | -0.63 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €36.4m | €45.6m | €44.8m | €51.3m | €60.9m | €41.9m | €34.5m | €46.7m | €54.0m | €46.1m |
| Cash and short-term investments | €6.6m | €18.4m | €10.0m | €14.2m | €26.0m | €11.8m | €8.0m | €12.5m | €21.8m | €15.7m |
| Total liabilities | €11.3m | €16.4m | €17.3m | €13.9m | €13.9m | €21.6m | €16.0m | €12.4m | €12.8m | €9.5m |
| Debt | €5.0m | €11.2m | €13.7m | €9.8m | €9.6m | €15.8m | €11.6m | €8.4m | €8.0m | €3.3m |
| Shareholders' equity | €25.2m | €29.2m | €27.5m | €37.5m | €47.0m | €20.3m | €18.6m | €34.3m | €41.2m | €36.6m |
| Shares outstanding | 110m | 89m | 42m | 42m | 40m | 25m | 18m | 17m | 14m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€6.6m | −€473,784 | −€7.8m | −€7.4m | −€7.7m | −€8.6m | −€7.0m | −€4.1m | −€7.2m | −€3.5m |
| Capital spending | −€1.5m | −€1.3m | −€2.2m | −€4.9m | −€4.9m | −€3.1m | −€3.3m | −€842,000 | −€1.1m | −€6.8m |
| Free cash flow | −€8.1m | −€1.8m | −€10.0m | −€12.2m | −€12.5m | −€11.7m | −€10.3m | −€5.0m | −€8.3m | −€10.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €7.4m | €5.8m | €7.6m | €4.6m | €2.6m | €5.6m | €3.2m | €1.7m |
| Operating income | −€5.1m | −€6.4m | −€4.4m | −€4.3m | −€2.4m | −€3.9m | −€2.2m | −€9.0m |
| Net income | −€4.2m | −€5.1m | −€4.3m | −€6.4m | −€3.6m | −€5.1m | −€2.8m | −€8.5m |
| Diluted earnings per share | -0.04 | -0.05 | -0.04 | -0.07 | -0.04 | -0.06 | -0.03 | -0.20 |
| Cash from operations | −€5.0m | −€1.0m | −€5.0m | — | — | — | — | −€2.0m |
| Total assets | €43.3m | €36.4m | €47.0m | €45.6m | €51.1m | €50.3m | €56.4m | €50.2m |
| Cash and short-term investments | €10.8m | €6.6m | €12.8m | €18.4m | €20.6m | €19.0m | €21.3m | €11.2m |
| Debt | €310,000 | €5.0m | €9.4m | €11.2m | €5.7m | €12.5m | €5.3m | €1.0m |
| Shareholders' equity | €31.9m | €25.2m | €30.3m | €29.2m | €32.8m | €34.8m | €39.0m | €30.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.2% | 43.4% | 23.2% |
| Operating income | 0.8% | -2.0% | 5.0% |
| Net income | 2.3% | 6.5% | 6.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -74.6% | -107.6% | -135.1% | -188.2% |
| Net margin | -88.5% | -124.3% | -133.7% | -204.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.0 | -2.6 | -1.0 | -7.3 | -18.1 | -5.3 | -1.6 | -5.3 | -6.0 | -4.7 |
| Price to sales | 3.5 | 3.0 | 3.5 | 9.4 | 22.0 | 16.5 | 14.7 | 18.4 | 34.3 | 49.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.