4.55
-4.01%
Close of 9 Nov 2026, in NOK
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At a glance
Figures in NOK, from our data supplier.
Revenue
NOK 10.7m
FY2018FY2025
Net income
−NOK 14.9m
FY2018FY2025
Free cash flow
−NOK 13.2m
FY2018FY2025
Shareholders' equity
NOK 28.6m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 10.7m | NOK 249,388 | NOK 59.2m | NOK 195.0m | NOK 208.6m | NOK 139.8m | NOK 114.8m | NOK 71.9m |
| Gross profit | NOK 7.1m | −NOK 1.6m | NOK 50.4m | NOK 162.7m | NOK 176.5m | NOK 117.0m | NOK 94.6m | NOK 51.3m |
| Research and development | — | NOK 8.2m | NOK 16.2m | NOK 39.3m | NOK 82.3m | −NOK 31.4m | −NOK 27.6m | −NOK 35.0m |
| Operating income | −NOK 15.9m | −NOK 136.2m | −NOK 111.6m | −NOK 149.2m | −NOK 94.2m | −NOK 41.2m | −NOK 39.9m | −NOK 81.6m |
| Net income | −NOK 14.9m | −NOK 150.9m | NOK 30.0m | −NOK 154.6m | −NOK 91.8m | −NOK 23.5m | −NOK 45.9m | −NOK 91.6m |
| Diluted earnings per share | -1.03 | -22.07 | 7.55 | -38.87 | -23.08 | -5.90 | -13.20 | -26.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 58.8m | NOK 20.6m | NOK 138.1m | NOK 914.8m | NOK 1.15bn | NOK 1.33bn | NOK 557.3m | NOK 587.7m |
| Cash and short-term investments | — | — | — | — | — | NOK 425.8m | NOK 8.5m | NOK 23.3m |
| Total liabilities | NOK 29.5m | NOK 2.7m | NOK 4.5m | NOK 315.4m | NOK 396.3m | NOK 485.8m | NOK 642.5m | NOK 627.2m |
| Debt | NOK 3.4m | — | — | NOK 217.5m | NOK 214.2m | NOK 56.0m | NOK 511.7m | NOK 497.6m |
| Shareholders' equity | NOK 28.6m | NOK 17.9m | NOK 133.6m | NOK 599.4m | NOK 750.9m | NOK 842.0m | −NOK 85.2m | −NOK 39.6m |
| Shares outstanding | 14m | 7m | 4m | 4m | 4m | 4m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −NOK 13.2m | −NOK 56.4m | −NOK 59.3m | −NOK 110.2m | −NOK 34.8m | — | — | −NOK 45.3m |
| Capital spending | — | −NOK 13.3m | −NOK 37.3m | −NOK 80.1m | −NOK 111.2m | — | — | −NOK 71.5m |
| Free cash flow | −NOK 13.2m | −NOK 69.7m | −NOK 96.6m | −NOK 190.3m | −NOK 146.0m | — | — | −NOK 116.8m |
| Dividends paid | — | — | −NOK 497.2m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2024 | Mar 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Sept 2022 | Jun 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | −NOK 298,144 | NOK 60,700 | NOK 2.8m | NOK 56.4m | NOK 50.3m | NOK 46.3m | NOK 48.0m | NOK 50.1m |
| Gross profit | −NOK 804,771 | −NOK 566,400 | NOK 3.8m | NOK 46.6m | NOK 39.5m | NOK 38.8m | NOK 40.9m | NOK 43.2m |
| Operating income | −NOK 21.6m | −NOK 20.3m | −NOK 55.0m | −NOK 21.9m | −NOK 38.8m | −NOK 45.6m | −NOK 39.1m | −NOK 27.5m |
| Net income | −NOK 20.8m | −NOK 21.1m | NOK 76.0m | −NOK 45.8m | −NOK 65.0m | −NOK 29.3m | −NOK 34.0m | −NOK 28.0m |
| Diluted earnings per share | -3.04 | -5.31 | 19.10 | -11.50 | -0.33 | -0.15 | -0.17 | -0.14 |
| Cash from operations | −NOK 16.0m | — | — | — | — | — | — | — |
| Capital spending | −NOK 4.0m | — | — | — | — | — | — | — |
| Free cash flow | −NOK 20.0m | — | — | — | — | — | — | — |
| Total assets | NOK 106.7m | NOK 129.2m | NOK 138.0m | NOK 271.8m | NOK 914.8m | NOK 956.4m | NOK 1.10bn | NOK 1.12bn |
| Cash and short-term investments | — | NOK 36.0m | NOK 57.2m | NOK 103.8m | NOK 59.9m | NOK 106.7m | NOK 165.2m | NOK 227.0m |
| Debt | — | — | — | — | NOK 217.5m | NOK 217.2m | NOK 216.1m | NOK 215.1m |
| Shareholders' equity | NOK 102.2m | NOK 125.9m | NOK 134.0m | NOK 257.2m | NOK 599.4m | NOK 650.9m | NOK 691.4m | NOK 722.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -62.1% | -40.2% | — |
| Operating income | -52.6% | -17.3% | — |
| Net income | -54.2% | -8.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 50.8% | 82.5% | 83.5% | — |
| Operating margin | -1395.2% | -155.8% | -89.4% | — |
| Net margin | -1519.9% | -109.5% | -66.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -2.2 | -0.1 | 1.2 | -0.1 | -0.5 | -7.9 |
| Price to sales | 3.1 | 70.7 | 0.6 | 0.1 | 0.2 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 May 2023.
| FY2023 | |
|---|---|
| Paid in the year | 125.00 |
- 50-to-1 reverse split · 10 Mar 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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