C 
9.99
+3.52%
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
—
FY2016FY2025
Net income
−NOK 45.9m
FY2016FY2025
Free cash flow
−NOK 45.8m
FY2016FY2025
Shareholders' equity
−NOK 12.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | NOK 10.0m | — | NOK 624,000 | NOK 2.3m | NOK 30,000 | NOK 40,000 | NOK 40,000 |
| Research and development | NOK 11.6m | NOK 11.7m | NOK 47.2m | NOK 37.4m | — | NOK 110.0m | NOK 91.1m | NOK 72.5m | NOK 45.0m |
| Operating income | −NOK 41.1m | −NOK 42.5m | −NOK 493.6m | −NOK 95.6m | −NOK 103.9m | −NOK 150.3m | −NOK 146.1m | −NOK 119.9m | −NOK 119.5m |
| Net income | −NOK 45.9m | NOK 57.5m | −NOK 432.9m | −NOK 98.0m | −NOK 108.1m | −NOK 147.5m | −NOK 147.0m | −NOK 122.0m | −NOK 122.5m |
| Diluted earnings per share | -0.65 | 0.82 | -68.91 | -1.40 | -1.54 | -1.74 | -1.97 | -1.82 | -2.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 10.8m | NOK 21.8m | NOK 100.4m | NOK 565.3m | NOK 520.7m | NOK 456.9m | NOK 537.6m | NOK 643.6m | NOK 525.3m |
| Cash and short-term investments | — | NOK 17.8m | NOK 63.0m | NOK 178.2m | NOK 119.1m | NOK 64.0m | NOK 151.2m | NOK 261.6m | NOK 171.6m |
| Total liabilities | NOK 23.2m | NOK 34.3m | NOK 97.8m | NOK 147.5m | NOK 148.2m | NOK 160.0m | NOK 162.9m | NOK 136.5m | NOK 124.2m |
| Debt | — | — | NOK 57.4m | NOK 50.9m | NOK 60.4m | NOK 53.7m | NOK 53.1m | NOK 48.8m | NOK 39.7m |
| Shareholders' equity | −NOK 12.5m | −NOK 12.5m | NOK 2.6m | NOK 417.7m | NOK 372.6m | NOK 297.0m | NOK 374.7m | NOK 507.2m | NOK 401.2m |
| Shares outstanding | 70m | 70m | 6m | 70m | 70m | 85m | 75m | 67m | 49m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −NOK 45.8m | −NOK 40.5m | −NOK 108.8m | −NOK 85.4m | −NOK 110.8m | −NOK 142.5m | −NOK 111.6m | −NOK 107.5m | −NOK 109.7m |
| Capital spending | — | −NOK 189,000 | −NOK 5.0m | — | −NOK 70,000 | −NOK 130,000 | — | −NOK 60,000 | −NOK 40,000 |
| Free cash flow | −NOK 45.8m | −NOK 40.7m | −NOK 113.8m | −NOK 85.4m | −NOK 110.9m | −NOK 142.7m | −NOK 111.6m | −NOK 107.5m | −NOK 109.7m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Sept 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | NOK 123,000 | — | NOK 10.0m | — | — |
| Operating income | −NOK 20.4m | −NOK 19.6m | −NOK 22.9m | −NOK 27.4m | −NOK 72.5m | −NOK 413.5m | −NOK 20.3m | −NOK 30.7m |
| Net income | −NOK 22.4m | NOK 13.2m | NOK 44.3m | −NOK 37.0m | −NOK 76.0m | −NOK 352.6m | −NOK 20.7m | −NOK 29.2m |
| Diluted earnings per share | -0.32 | 0.19 | 0.63 | -4.75 | -9.76 | -56.12 | -3.30 | -4.64 |
| Cash from operations | −NOK 25.0m | −NOK 40.0m | −NOK 19.0m | −NOK 89.0m | −NOK 59.0m | −NOK 108.0m | −NOK 85.0m | −NOK 57.0m |
| Capital spending | — | — | — | — | — | −NOK 4.0m | — | — |
| Free cash flow | — | — | — | — | — | −NOK 112.0m | — | — |
| Total assets | NOK 12.7m | NOK 21.8m | NOK 6.8m | NOK 25.7m | NOK 49.9m | NOK 100.4m | NOK 507.4m | NOK 524.3m |
| Cash and short-term investments | NOK 6.3m | NOK 18.3m | NOK 2.8m | NOK 22.3m | NOK 31.4m | NOK 66.0m | NOK 96.2m | NOK 125.8m |
| Debt | — | — | — | — | NOK 62.4m | NOK 57.4m | NOK 47.0m | NOK 47.8m |
| Shareholders' equity | −NOK 12.4m | −NOK 12.5m | −NOK 48.0m | −NOK 98.5m | −NOK 71.7m | NOK 2.6m | NOK 358.3m | NOK 371.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -56.3% | -16.9% | -7.5% |
| Net income | -52.7% | -15.7% | -6.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.8 | 0.9 | -0.1 | -0.1 | -13.6 | -44.3 | -35.5 | -24.4 | -62.8 | -32.1 |
| Price to sales | — | — | 130.9 | 5.9 | — | — | — | — | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 30-to-1 reverse split · 4 Oct 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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