C 
0.18
+1.12%
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
€21,000
FY2016FY2025
Net income
€830,000
FY2016FY2025
Free cash flow
−€6.9m
FY2016FY2025
Shareholders' equity
€2.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €21,000 | €186,000 | €102,000 | — | — | €5,000 | €6,000 | €3.1m | €3.5m | €10.0m |
| Research and development | €3.3m | €2.9m | €4.7m | €17.7m | €19.5m | €21.6m | €25.2m | €23.6m | €22.9m | €27.7m |
| Operating income | −€7.2m | −€6.3m | −€8.6m | −€41.1m | −€26.9m | −€17.6m | −€28.9m | −€38.2m | −€52.9m | −€25.6m |
| Net income | €830,000 | −€5.8m | −€8.4m | −€40.9m | −€26.5m | −€17.2m | −€28.6m | −€37.4m | −€56.4m | −€23.6m |
| Diluted earnings per share | 0.02 | -0.14 | -0.29 | -1.81 | -1.55 | -1.23 | -2.15 | -3.13 | -5.77 | -2.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €4.3m | €9.9m | €16.3m | €19.7m | €79.9m | €66.1m | €89.8m | €94.3m | €77.6m | €138.8m |
| Cash and short-term investments | €1.7m | €4.2m | €7.0m | €12.4m | €30.0m | €17.2m | €39.3m | €49.7m | €33.9m | €82.6m |
| Total liabilities | €1.9m | €26.0m | €10.0m | €15.4m | €36.3m | €35.1m | €44.2m | €38.7m | €30.1m | €47.9m |
| Debt | — | €17.5m | €1.1m | €255,000 | −€12.1m | €3.6m | €4.4m | €1.6m | €1.4m | €1.5m |
| Shareholders' equity | €2.4m | −€16.1m | €6.3m | €4.3m | €43.6m | €31.0m | €45.6m | €55.6m | €47.5m | €90.9m |
| Shares outstanding | 41m | 41m | 29m | 23m | 17m | 14m | 13m | 12m | 10m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€6.9m | −€5.7m | −€15.2m | −€28.0m | −€26.6m | −€27.7m | −€28.2m | −€27.2m | −€49.5m | −€24.7m |
| Capital spending | — | −€118,000 | −€899,000 | −€123,000 | −€393,000 | −€319,000 | −€622,000 | −€1.8m | −€858,000 | −€1.8m |
| Free cash flow | −€6.9m | −€5.8m | −€16.1m | −€28.1m | −€27.0m | −€28.0m | −€28.8m | −€29.0m | −€50.4m | −€26.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | €7,000 | €14,000 | €172,000 | €14,000 | €58,000 | €44,000 | — |
| Operating income | −€1.3m | −€3.5m | −€3.7m | −€3.0m | −€3.1m | −€4.7m | −€5.8m | −€26.8m |
| Net income | −€1.2m | €4.5m | −€3.7m | −€2.8m | −€3.0m | −€4.7m | −€3.7m | −€26.9m |
| Diluted earnings per share | -0.03 | 0.11 | -0.09 | -0.07 | -0.07 | -0.16 | -0.13 | -1.19 |
| Cash from operations | — | −€3.0m | −€3.0m | −€2.0m | −€2.0m | −€6.0m | −€8.0m | −€11.0m |
| Total assets | €2.3m | €4.3m | €5.7m | €9.9m | €12.8m | €16.3m | €12.2m | €19.7m |
| Cash and short-term investments | €121,000 | €1.7m | €790,000 | €4.2m | €6.2m | €7.0m | €5.0m | €12.4m |
| Debt | €25,000 | — | €77,000 | €142,000 | €155,000 | €156,000 | €185,000 | −€206,000 |
| Shareholders' equity | €1.3m | €2.4m | −€3.1m | −€16.1m | €3.3m | €6.3m | €1.0m | −€12.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | 33.2% | 21.5% |
| Operating income | -44.1% | -16.4% | -13.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -6493.2% | — | — | — |
| Net margin | -2412.6% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.5 | -5.1 | -1.3 | -0.3 | -1.4 | -3.3 | -2.8 | -3.3 | -3.7 | -4.4 |
| Price to sales | 335.4 | 158.6 | 110.3 | — | — | — | — | 39.5 | 59.3 | 10.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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