B 
0.21
+2.99%
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
€3.1m
FY2016FY2025
Net income
−€1.9m
FY2016FY2025
Free cash flow
−€15,090
FY2016FY2025
Shareholders' equity
€6.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €3.1m | €2.5m | €3.9m | €2.6m | €3.1m | €2.5m | €41.8m | €23.3m | €2.4m | €1.3m |
| Research and development | €7,837 | €1.2m | €1.5m | €18,216 | €20,292 | €47,508 | €39,477 | €94,483 | €125,995 | €219,395 |
| Operating income | −€1.9m | €2.7m | €2.7m | €1.7m | −€2.1m | −€1.2m | −€6.7m | −€14.9m | −€263,820 | −€1.7m |
| Net income | −€1.9m | −€2.9m | €1.6m | −€1.9m | −€3.0m | −€8.6m | −€10.1m | −€16.7m | −€73,391 | −€1.1m |
| Diluted earnings per share | -0.03 | -0.05 | 0.03 | -0.04 | -0.04 | -0.12 | -0.14 | -0.23 | -0.00 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €13.6m | €14.8m | €16.6m | €18.5m | €19.9m | €20.2m | €92.7m | €79.2m | €17.6m | €16.0m |
| Cash and short-term investments | €666,219 | €190,444 | €356,025 | €778,810 | €1.7m | €581,478 | €3.8m | €5.1m | €1.4m | €1.1m |
| Total liabilities | €6.6m | €8.2m | €10.1m | €14.6m | €15.5m | €16.4m | €85.1m | €58.0m | €9.6m | €8.0m |
| Debt | €1.7m | €5.1m | €7.1m | €3.7m | €3.6m | €3.2m | €19.5m | €46.8m | €1.2m | €1.2m |
| Shareholders' equity | €6.2m | €6.6m | €6.7m | €4.0m | €4.5m | €4.0m | €7.7m | €21.2m | €8.2m | €8.0m |
| Shares outstanding | 73m | 65m | 58m | 54m | 73m | 73m | 73m | 73m | 73m | 73m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€13,109 | −€73,849 | €47,739 | −€1.7m | −€1.5m | €8.8m | −€15.2m | −€13.0m | €213,485 | €2.7m |
| Capital spending | −€1,981 | −€720,725 | −€325,967 | −€211.5m | −€661,464 | −€391,533 | −€7.5m | −€11.2m | −€1.6m | −€3.3m |
| Free cash flow | −€15,090 | −€794,574 | −€278,228 | −€213.3m | −€2.2m | €8.4m | −€22.6m | −€24.2m | −€1.4m | −€555,223 |
| Dividends paid | — | — | — | −€59.0m | −€961,499 | — | — | — | — | — |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €2.1m | €980,914 | €1.9m | €929,205 | €1.1m | €553,365 | €2.3m | €1.1m |
| Operating income | −€736,854 | −€1.2m | −€1.1m | −€571,051 | −€1.6m | −€782,883 | −€443,812 | −€221,906 |
| Net income | −€1.1m | −€834,532 | −€1.2m | −€622,261 | −€1.7m | −€836,392 | −€1.4m | −€689,755 |
| Diluted earnings per share | -0.01 | -0.01 | -0.02 | -0.01 | -0.03 | -0.01 | -0.02 | -0.01 |
| Total assets | €13.6m | €13.5m | €14.8m | €14.8m | €15.0m | €15.0m | €16.6m | €16.6m |
| Cash and short-term investments | €666,219 | €615,489 | €190,444 | €216,760 | €653,359 | €672,452 | €356,025 | €416,868 |
| Debt | €4.0m | €4.6m | €5.1m | €1.1m | €2.3m | €923,402 | €2.0m | €786,577 |
| Shareholders' equity | €6.2m | €5.6m | €6.6m | €6.6m | €7.4m | €7.4m | €6.7m | €6.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.7% | 4.1% | 11.4% |
| Operating income | — | 9.5% | 12.4% |
| Net income | -0.5% | -26.0% | 25.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.3% | 42.8% | 10.7% | -25.4% |
| Net margin | -86.2% | -42.9% | -94.8% | -51.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.4 | -6.2 | 14.5 | -6.4 | -11.1 | -4.7 | -14.7 | -7.3 | -2951.9 | -199.1 |
| Price to sales | 4.6 | 7.2 | 5.8 | 4.8 | 10.8 | 16.0 | 3.5 | 5.2 | 90.7 | 172.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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