B 
2.62
0.00%
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
€49.6m
FY2016FY2025
Net income
−€11.7m
FY2016FY2025
Free cash flow
−€10.8m
FY2016FY2025
Shareholders' equity
€1.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €49.6m | €54.6m | €55.3m | €49.5m | €38.4m | €38.2m | €38.6m | €27.1m | €24.1m | €22.8m |
| Research and development | €3.9m | — | €5.0m | €4.9m | €5.4m | €5.8m | €7.8m | €7.6m | €8.1m | €5.8m |
| Operating income | −€8.5m | −€8.9m | −€6.6m | −€7.5m | −€6.5m | −€8.9m | −€5.7m | −€10.0m | −€9.1m | −€13.6m |
| Net income | −€11.7m | −€11.1m | −€8.3m | −€6.6m | −€5.0m | −€9.7m | −€10.5m | −€8.3m | −€9.6m | −€14.7m |
| Diluted earnings per share | -0.54 | -0.51 | -0.38 | -0.30 | -0.23 | -0.49 | -0.58 | -0.46 | -0.53 | -0.89 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €66.3m | €88.7m | €70.9m | €78.0m | €77.7m | €72.2m | €66.1m | €74.5m | €68.5m | €47.5m |
| Cash and short-term investments | €6.3m | €27.3m | €5.4m | €8.8m | €24.6m | €19.0m | €15.2m | €25.8m | €39.0m | €18.7m |
| Total liabilities | €64.5m | €74.9m | €47.9m | €43.7m | €35.9m | €46.0m | €49.0m | €43.8m | €21.1m | €20.6m |
| Debt | €24.0m | €29.8m | €25.3m | €11.1m | €11.7m | €30.6m | €28.4m | €27.8m | €9.7m | €9.7m |
| Shareholders' equity | €1.8m | €12.6m | €21.8m | €29.6m | €38.8m | €20.8m | €12.2m | €25.8m | €47.2m | €26.7m |
| Shares outstanding | 22m | 22m | 22m | 22m | 22m | 20m | 18m | 18m | 18m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€9.2m | −€3.6m | −€4.2m | −€1.5m | −€3.9m | −€4.8m | −€3.4m | −€5.4m | −€5.8m | −€8.7m |
| Capital spending | −€1.5m | −€1.7m | −€2.6m | −€6.1m | −€1.3m | −€2.9m | −€6.6m | −€1.5m | −€1.1m | −€1.2m |
| Free cash flow | −€10.8m | −€5.3m | −€6.9m | −€7.6m | −€5.2m | −€7.6m | −€10.0m | −€6.9m | −€6.8m | −€9.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €11.2m | €11.5m | €11.9m | €24.4m | €13.5m | €12.1m | €13.1m | €14.2m |
| Operating income | −€2.4m | −€2.1m | −€2.1m | −€5.4m | −€756,000 | −€1.9m | −€2.8m | −€3.1m |
| Net income | −€3.6m | −€3.5m | −€2.9m | −€4.6m | −€608,000 | −€3.1m | −€4.0m | −€4.0m |
| Diluted earnings per share | -0.16 | -0.16 | -0.13 | -0.21 | -0.03 | -0.14 | -0.18 | -0.18 |
| Cash from operations | −€2.0m | — | −€2.0m | −€4.0m | −€1.0m | −€1.0m | −€3.0m | — |
| Capital spending | −€1.0m | −€1.0m | — | −€1.0m | — | — | — | −€1.0m |
| Free cash flow | −€3.0m | — | — | −€5.0m | — | — | — | — |
| Total assets | €59.4m | €62.7m | €66.9m | €66.3m | €72.4m | €79.1m | €80.3m | €88.7m |
| Cash and short-term investments | €940,000 | €4.7m | — | €6.3m | €10.5m | €15.1m | €17.8m | €27.4m |
| Debt | — | €4.8m | €42.2m | €3.8m | — | €4.6m | €50.8m | €12.8m |
| Shareholders' equity | −€7.1m | −€3.9m | −€728,000 | €1.8m | €6.2m | €6.0m | €10.3m | €12.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.1% | 5.4% | 8.9% |
| Operating income | 4.2% | -0.8% | 6.4% |
| Net income | 21.2% | 3.9% | 7.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -16.7% | -15.1% | -16.4% | -21.5% |
| Net margin | -21.9% | -18.0% | -18.3% | -24.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.7 | -7.0 | -9.7 | -19.4 | -40.9 | -18.5 | -18.6 | -23.5 | -42.3 | -19.6 |
| Price to sales | 1.1 | 1.4 | 1.4 | 2.6 | 5.3 | 4.7 | 5.1 | 7.2 | 16.9 | 12.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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