C 
22.90
+1.33%
Close of 9 Nov 2026, in NOK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in NOK, from our data supplier.
Revenue
NOK 1.07bn
FY2017FY2025
Net income
NOK 129.5m
FY2017FY2025
Free cash flow
NOK 264.1m
FY2017FY2025
Shareholders' equity
NOK 464.8m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 1.07bn | NOK 1.03bn | NOK 976.6m | NOK 440.4m | NOK 458.3m | NOK 367.0m | NOK 280.6m | NOK 350.7m | NOK 326.1m |
| Research and development | — | NOK 29.2m | NOK 24.3m | NOK 14.7m | NOK 9.8m | NOK 10.5m | NOK 15.8m | NOK 17.4m | NOK 7.4m |
| Operating income | NOK 139.9m | NOK 199.6m | NOK 225.2m | −NOK 15.6m | NOK 28.9m | NOK 18.2m | −NOK 5.7m | NOK 8.0m | NOK 45.6m |
| Net income | NOK 129.5m | NOK 149.3m | NOK 184.1m | −NOK 11.6m | NOK 17.4m | NOK 15.8m | −NOK 18.2m | NOK 4.6m | NOK 20.3m |
| Diluted earnings per share | 0.81 | 0.93 | 1.15 | -0.07 | 0.11 | 0.10 | -0.11 | 0.03 | 0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 877.2m | NOK 809.5m | NOK 733.9m | NOK 577.3m | NOK 522.5m | NOK 282.6m | NOK 335.8m | NOK 339.0m | NOK 326.1m |
| Cash and short-term investments | — | NOK 154.8m | NOK 347.6m | NOK 268.6m | NOK 70.1m | NOK 46.0m | NOK 125.2m | NOK 44.5m | NOK 50.5m |
| Total liabilities | NOK 408.1m | NOK 332.4m | NOK 395.2m | NOK 175.3m | NOK 80.5m | NOK 144.2m | NOK 201.7m | NOK 198.2m | NOK 175.7m |
| Debt | — | — | NOK 200,000 | NOK 1.1m | NOK 2.4m | NOK 50.9m | NOK 101.3m | NOK 45.8m | NOK 31.2m |
| Shareholders' equity | NOK 464.8m | NOK 473.3m | NOK 337.9m | NOK 400.1m | NOK 439.0m | NOK 137.2m | NOK 134.1m | NOK 140.8m | NOK 150.4m |
| Shares outstanding | 160m | 160m | 160m | 158m | 160m | 160m | 160m | 160m | 160m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NOK 271.8m | −NOK 16.5m | NOK 210.9m | NOK 58.8m | −NOK 8.9m | −NOK 16.0m | NOK 22.0m | −NOK 201,000 | −NOK 26.5m |
| Capital spending | −NOK 7.7m | −NOK 20.9m | −NOK 18.6m | −NOK 51.7m | −NOK 4.2m | −NOK 6.1m | −NOK 2.9m | −NOK 3.5m | −NOK 18.8m |
| Free cash flow | NOK 264.1m | −NOK 37.4m | NOK 192.3m | NOK 7.1m | −NOK 13.1m | −NOK 22.1m | NOK 19.1m | −NOK 3.7m | −NOK 45.3m |
| Dividends paid | −NOK 120.0m | −NOK 160.0m | −NOK 120.0m | — | — | — | −NOK 1.6m | −NOK 12.7m | −NOK 9.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 264.9m | NOK 178.7m | NOK 244.7m | NOK 256.8m | NOK 341.8m | NOK 225.1m | NOK 233.9m | NOK 277.5m |
| Operating income | NOK 20.7m | NOK 18.8m | NOK 24.3m | NOK 38.4m | NOK 70.6m | NOK 6.6m | NOK 31.6m | NOK 61.7m |
| Net income | NOK 16.7m | NOK 6.5m | −NOK 3.7m | NOK 39.0m | NOK 90.0m | NOK 4.3m | NOK 26.5m | NOK 43.0m |
| Diluted earnings per share | 0.10 | 0.04 | -0.02 | 0.24 | 0.56 | 0.03 | 0.17 | 0.27 |
| Cash from operations | NOK 156.0m | −NOK 4.0m | NOK 271.0m | NOK 81.0m | NOK 107.0m | −NOK 52.0m | −NOK 16.0m | −NOK 78.0m |
| Capital spending | −NOK 2.0m | −NOK 2.0m | −NOK 7.0m | −NOK 1.0m | −NOK 4.0m | −NOK 2.0m | −NOK 2.0m | −NOK 6.0m |
| Free cash flow | NOK 154.0m | −NOK 6.0m | NOK 264.0m | NOK 80.0m | NOK 103.0m | −NOK 54.0m | −NOK 18.0m | −NOK 84.0m |
| Total assets | NOK 846.4m | NOK 794.5m | NOK 867.9m | NOK 852.8m | NOK 858.1m | NOK 774.1m | NOK 809.5m | NOK 765.3m |
| Cash and short-term investments | — | — | NOK 288.1m | NOK 223.8m | NOK 155.7m | NOK 99.9m | NOK 154.8m | NOK 173.6m |
| Shareholders' equity | NOK 480.2m | NOK 458.9m | NOK 462.0m | NOK 581.1m | NOK 547.7m | NOK 459.9m | NOK 473.3m | NOK 468.9m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 17.0% | 19.7% | 23.1% | -2.4% | 6.3% | 7.3% | — |
| Net margin | 12.1% | 14.4% | 18.9% | -2.6% | 3.8% | 4.3% | — |
| Return on equity | 27.9% | 31.5% | 54.5% | -2.9% | 4.0% | 11.5% | — |
| Return on assets | 14.8% | 18.4% | 25.1% | -2.0% | 3.3% | 5.6% | — |
| Free cash flow yield | 7.9% | 0.1% | 6.5% | 3.2% | -0.1% | -0.3% | — |
| Revenue growth | 3.4% | 5.8% | 121.8% | -3.9% | 24.9% | 30.8% | — |
| Earnings growth | -13.3% | -18.9% | -1687.1% | -166.7% | 10.1% | -186.6% | — |
| Current ratio | 2.40x | 2.60x | 1.73x | 2.73x | 5.84x | 1.66x | — |
| Debt to equity | — | 0.00x | 0.00x | 0.00x | 0.01x | 0.37x | 0.76x |
| Equity ratio | 53.0% | 58.5% | 46.0% | 69.3% | 84.0% | 48.5% | — |
| Interest coverage | 24.95x | 10.69x | 10.93x | -1.53x | 8.76x | 8.12x | — |
| R&D as a share of sales | — | 2.8% | 2.5% | 3.3% | 2.1% | 2.9% | 5.6% |
| Buybacks as a share of market value | 0.0% | -0.3% | -0.8% | 1.1% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 35.2% | 24.1% | — |
| Operating income | — | 50.4% | — |
| Net income | — | 52.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 20.3 | 15.5 | 15.4 | -70.8 | 85.5 |
| Price to sales | 2.5 | 2.3 | 2.9 | 1.9 | 3.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 8 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 0.30 | 0.75 | 2.00 | 0.75 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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