B 
2.94
-2.65%
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
€13.2m
FY2016FY2025
Net income
−€4.0m
FY2016FY2025
Free cash flow
−€4.5m
FY2016FY2025
Shareholders' equity
€14.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €13.2m | €12.2m | €32.2m | €25.7m | €28.8m | €30.3m | €31.3m | €21.1m | €12.0m | €6.1m |
| Gross profit | €10.9m | €10.1m | €25.4m | €21.0m | €24.9m | €26.8m | €26.4m | €16.7m | €10.3m | €4.5m |
| Research and development | €2.2m | €2.2m | €7.8m | €7.1m | €7.0m | €4.8m | €4.6m | €4.4m | €4.2m | €4.6m |
| Operating income | −€1.0m | −€1.6m | €4.8m | €1.6m | −€35.3m | −€5.6m | −€23.4m | −€18.5m | −€13.9m | −€11.8m |
| Net income | −€4.0m | −€4.3m | −€369,000 | −€44.2m | €37.7m | −€13.0m | −€7.4m | −€8.9m | −€16.1m | −€10.6m |
| Diluted earnings per share | -0.65 | -0.72 | -0.01 | -0.69 | 0.67 | -0.29 | -0.16 | -0.20 | -0.36 | -0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €20.6m | €30.2m | €30.7m | €32.7m | €76.1m | €56.4m | €58.4m | €39.1m | €19.8m | €23.9m |
| Cash and short-term investments | €3.6m | €3.3m | €3.1m | €6.4m | €6.9m | €16.6m | €12.2m | €19.5m | €11.7m | €16.5m |
| Total liabilities | €5.8m | €11.3m | €10.8m | €12.4m | €18.7m | €49.0m | €48.4m | €22.8m | €16.5m | €8.0m |
| Debt | €626,000 | €765,000 | €1.1m | €1.5m | €3.3m | €23.9m | €23.3m | €13.6m | €12.5m | €3.9m |
| Shareholders' equity | €14.9m | €18.9m | €20.0m | €20.3m | €57.4m | €7.4m | €10.0m | €16.4m | €3.4m | €15.8m |
| Shares outstanding | 6m | 6m | 64m | 64m | 57m | 45m | 45m | 45m | 45m | 45m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€4.4m | −€2.5m | −€1.9m | −€3.9m | €30.4m | −€2.8m | −€32.9m | −€13.4m | −€13.1m | −€10.7m |
| Capital spending | −€51,000 | −€210,000 | −€912,000 | −€981,000 | −€629,000 | −€774,000 | −€1.9m | −€513,000 | −€397,000 | −€484,537 |
| Free cash flow | −€4.5m | −€2.7m | −€2.8m | −€4.9m | €29.8m | −€3.6m | −€34.7m | −€13.9m | −€13.5m | −€11.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €5.3m | €3.7m | €874,000 | €3.6m | €3.0m | €3.3m | €10.9m | €3.5m |
| Gross profit | €4.3m | €3.0m | €2.0m | €2.4m | €2.3m | €2.7m | €9.0m | €2.7m |
| Operating income | €1.4m | €9,000 | −€1.2m | −€1.0m | €333,000 | −€213,000 | −€396,000 | −€1.1m |
| Net income | €3.3m | €2.2m | €98,000 | −€370,000 | −€4.4m | €678,000 | €1.9m | −€931,000 |
| Diluted earnings per share | 0.55 | 0.36 | 0.02 | -0.06 | -0.72 | 0.11 | 0.32 | -0.15 |
| Total assets | €26.0m | €22.7m | €20.6m | €19.8m | €21.8m | €28.5m | €30.2m | €23.1m |
| Cash and short-term investments | — | €5.6m | €3.6m | €3.5m | €3.4m | €5.0m | €3.3m | €1.8m |
| Debt | €1.1m | €1.9m | €671,000 | €536,000 | €418,000 | €651,000 | €436,000 | €461,000 |
| Shareholders' equity | €20.4m | €17.1m | €14.9m | €14.8m | €15.1m | €19.5m | €18.9m | €17.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.0% | -15.4% | 12.3% |
| Operating income | — | -28.8% | -20.6% |
| Net income | -55.2% | -21.2% | -9.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 82.9% | 80.8% | 83.6% | 82.8% |
| Operating margin | -10.3% | 4.5% | -26.1% | -53.0% |
| Net margin | -32.8% | -63.4% | -19.7% | -37.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.9 | -3.0 | -991.4 | -28.5 | 31.1 | -140.4 | -374.7 | -338.2 | -154.5 | -178.9 |
| Price to sales | 1.2 | 1.1 | 11.3 | 48.9 | 40.8 | 60.2 | 88.2 | 142.3 | 206.9 | 308.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 21-to-1 reverse split · 14 May 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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