C 
53.60
-0.74%
Close of 9 Nov 2026, in PLN
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 4.7m
FY2017FY2025
Net income
−PLN 42.0m
FY2017FY2025
Free cash flow
−PLN 36.5m
FY2017FY2025
Shareholders' equity
PLN 23.5m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 4.7m | PLN 15.8m | PLN 13.2m | PLN 9.2m | PLN 4.0m | PLN 1.5m | — | PLN 16,000 | PLN 474,000 |
| Research and development | PLN 42.9m | PLN 34.7m | PLN 64.8m | PLN 44.2m | PLN 23.1m | PLN 23.6m | PLN 19.2m | PLN 10.7m | PLN 2.5m |
| Operating income | −PLN 53.2m | −PLN 44.8m | −PLN 73.0m | −PLN 38.4m | −PLN 31.8m | −PLN 12.3m | −PLN 7.9m | −PLN 4.2m | −PLN 133,000 |
| Net income | −PLN 42.0m | −PLN 38.4m | −PLN 70.6m | −PLN 35.9m | −PLN 32.6m | −PLN 13.1m | −PLN 8.7m | −PLN 4.4m | −PLN 180,000 |
| Diluted earnings per share | -7.60 | -6.99 | -15.19 | -8.61 | -7.89 | -4.03 | -1.44 | -0.73 | -0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 40.0m | PLN 87.5m | PLN 97.3m | PLN 113.0m | PLN 143.5m | PLN 25.8m | PLN 25.3m | PLN 18.1m | PLN 5.1m |
| Cash and short-term investments | PLN 32.1m | PLN 39.3m | PLN 75.7m | PLN 90.9m | PLN 117.9m | PLN 10.7m | PLN 12.3m | PLN 2.4m | PLN 1.6m |
| Total liabilities | PLN 16.5m | PLN 23.0m | PLN 28.1m | PLN 16.7m | PLN 19.3m | PLN 26.8m | PLN 21.0m | PLN 14.6m | PLN 5.0m |
| Debt | PLN 3.6m | PLN 5.6m | PLN 3.8m | PLN 7.0m | PLN 8.2m | PLN 12.4m | PLN 10.3m | PLN 10.9m | PLN 2.8m |
| Shareholders' equity | PLN 23.5m | PLN 64.5m | PLN 69.2m | PLN 96.3m | PLN 124.2m | −PLN 1.0m | PLN 4.3m | PLN 3.4m | PLN 144,000 |
| Shares outstanding | 6m | 5m | 5m | 4m | 4m | 3m | 6m | 6m | 6m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 36.3m | −PLN 31.9m | −PLN 52.2m | −PLN 22.9m | −PLN 28.5m | −PLN 595,000 | PLN 4.4m | −PLN 2.1m | PLN 2.1m |
| Capital spending | −PLN 210,000 | −PLN 424,000 | −PLN 3.0m | −PLN 892,000 | −PLN 5.1m | −PLN 212,000 | −PLN 229,000 | −PLN 100,000 | — |
| Free cash flow | −PLN 36.5m | −PLN 32.3m | −PLN 55.2m | −PLN 23.8m | −PLN 33.6m | −PLN 807,000 | PLN 4.2m | −PLN 2.2m | PLN 2.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 1.6m | PLN 328,000 | PLN 44,000 | — | PLN 2.0m | PLN 2.6m | PLN 3.0m | PLN 3.5m |
| Operating income | −PLN 14.6m | −PLN 12.2m | −PLN 12.3m | −PLN 11.8m | −PLN 10.7m | −PLN 10.7m | −PLN 11.0m | −PLN 10.3m |
| Net income | −PLN 11.4m | −PLN 11.4m | −PLN 10.0m | −PLN 11.5m | −PLN 9.8m | −PLN 10.7m | −PLN 8.8m | −PLN 10.2m |
| Diluted earnings per share | -1.87 | -1.87 | -1.82 | -2.08 | -1.76 | -1.94 | -1.59 | -1.86 |
| Cash from operations | −PLN 11.0m | −PLN 12.0m | −PLN 37.0m | −PLN 11.0m | −PLN 10.0m | PLN 23.0m | −PLN 8.0m | −PLN 5.0m |
| Capital spending | — | — | — | — | — | — | — | −PLN 6.0m |
| Free cash flow | — | — | — | — | — | — | — | −PLN 11.0m |
| Total assets | PLN 79.5m | PLN 26.1m | PLN 40.0m | PLN 44.5m | PLN 55.1m | PLN 74.1m | PLN 87.5m | PLN 64.6m |
| Cash and short-term investments | PLN 71.5m | PLN 17.9m | PLN 32.1m | PLN 36.0m | PLN 48.7m | PLN 61.4m | PLN 39.3m | PLN 48.8m |
| Debt | PLN 2.1m | PLN 2.1m | PLN 2.1m | PLN 1.8m | PLN 839,000 | PLN 2.3m | PLN 2.7m | PLN 3.0m |
| Shareholders' equity | PLN 65.1m | PLN 12.1m | PLN 23.5m | PLN 33.3m | PLN 44.8m | PLN 54.1m | PLN 64.5m | PLN 41.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.2% | 26.2% | — |
| Operating income | 11.5% | 34.0% | — |
| Net income | 5.4% | 26.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -9.5 | -6.0 | -6.5 | -18.6 | -22.8 |
| Price to sales | 85.4 | 14.7 | 34.8 | 72.8 | 186.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.