P 
26.32
-4.12%
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
€65.0m
FY2016FY2025
Net income
€9.8m
FY2016FY2025
Free cash flow
−€12.5m
FY2016FY2025
Shareholders' equity
€23.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €65.0m | €111.3m | €111.7m | €108.4m | €94.3m | €79.2m | €87.4m | €86.0m | €77.0m | €74.5m |
| Research and development | — | — | — | — | €735,000 | €648,000 | €1.6m | €1.5m | €1.9m | €2.5m |
| Operating income | −€2.5m | €4.7m | −€1.6m | €1.9m | −€754,000 | €209,000 | −€587,000 | €2.2m | −€2.2m | −€46,000 |
| Net income | €9.8m | €2.0m | −€10.2m | €621,000 | −€891,000 | −€1.1m | −€2.2m | €1.6m | −€3.8m | −€1.8m |
| Diluted earnings per share | 9.77 | 2.51 | -11.12 | 0.55 | -0.01 | -2.41 | -4.69 | 3.48 | -7.02 | -5.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €42.5m | €69.1m | €69.6m | €86.2m | €88.1m | €91.9m | €87.3m | €78.2m | €73.3m | €71.3m |
| Cash and short-term investments | €15.3m | €14.3m | €12.9m | €11.5m | €15.5m | €16.2m | €9.2m | €9.1m | €9.9m | €7.1m |
| Total liabilities | €18.5m | €45.3m | €48.1m | €55.0m | €59.5m | €61.8m | €56.0m | €45.7m | €44.3m | €48.8m |
| Debt | €2.5m | €12.9m | €16.0m | €23.6m | €31.9m | €32.0m | €25.7m | €11.5m | €12.3m | €15.4m |
| Shareholders' equity | €23.3m | €13.7m | €13.5m | €24.1m | €22.6m | €12.4m | €13.5m | €15.1m | €15.9m | €15.5m |
| Shares outstanding | 1m | 1m | 1m | 1m | 89m | 0m | 0m | 0m | 1m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€11.4m | €6.1m | €6.4m | €3.4m | €10.0m | €4.3m | €3.4m | €4.0m | −€1.8m | −€611,000 |
| Capital spending | −€1.1m | −€2.8m | −€2.6m | −€4.4m | −€4.3m | −€2.7m | −€6.9m | −€3.8m | −€3.7m | −€3.3m |
| Free cash flow | −€12.5m | €3.3m | €3.8m | −€935,000 | €5.7m | €1.5m | −€3.5m | €150,000 | −€5.5m | −€4.0m |
| Dividends paid | — | — | — | — | −€3.0m | −€10.5m | −€10.1m | −€727,000 | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €24.8m | €25.4m | €39.6m | €54.9m | €56.4m | €54.6m | €27.3m | €56.9m |
| Operating income | €1.5m | €241,000 | −€3.4m | €2.2m | €2.2m | −€2.3m | −€1.1m | €104,000 |
| Net income | €1.0m | €1.1m | €8.7m | €427,000 | €1.6m | −€3.8m | −€1.9m | −€6.4m |
| Diluted earnings per share | 1.00 | 1.09 | 8.68 | 0.54 | 1.97 | -4.10 | -2.05 | -7.01 |
| Cash from operations | — | −€2.0m | −€9.0m | €4.0m | €1.0m | €7.0m | €3.0m | −€1.0m |
| Capital spending | — | — | — | −€1.0m | — | — | — | −€1.0m |
| Free cash flow | — | — | — | €3.0m | — | — | — | −€2.0m |
| Total assets | — | €42.5m | €41.9m | €69.1m | €67.6m | €69.6m | €69.6m | €75.1m |
| Cash and short-term investments | — | €15.3m | €13.4m | €14.3m | €12.4m | €12.9m | €12.9m | €9.2m |
| Debt | — | €2.5m | €4.2m | €12.5m | €13.3m | €14.8m | €9,000 | €18.8m |
| Shareholders' equity | — | €23.3m | €22.8m | €13.7m | €14.5m | €13.5m | €13.5m | €17.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.7% | -3.9% | 3.5% |
| Operating income | — | — | 3.7% |
| Net income | 151.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.2% | 0.6% | 0.3% | -0.1% |
| Net margin | 6.7% | 0.6% | 0.0% | -1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 2.6 | 8.0 | -2.0 | 40.1 | -3455.6 | -14.5 | -7.3 | 11.0 | -10.1 | -14.8 |
| Price to sales | 0.4 | 0.1 | 0.2 | 0.2 | 32.7 | 0.2 | 0.2 | 0.2 | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 5 Mar 2012
- 100-to-1 reverse split · 8 Jan 2007
- 1-to-1 reverse split · 13 Sept 2001
- 5-for-1 split · 26 Jun 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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