D 
1.70
0.00%
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
€16.5m
FY2016FY2025
Net income
−€4.6m
FY2016FY2025
Free cash flow
−€2.1m
FY2016FY2025
Shareholders' equity
−€41.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €16.5m | €16.2m | €16.7m | €18.6m | €18.5m | €20.5m | €27.4m | €24.7m | €20.0m | €15.3m |
| Research and development | — | — | — | — | €122,000 | €251,000 | — | — | €58,000 | €1.8m |
| Operating income | −€1.6m | −€1.8m | −€1.9m | −€4.4m | −€3.8m | −€9.1m | −€7.1m | −€6.3m | −€5.4m | −€8.3m |
| Net income | −€4.6m | −€4.7m | −€4.0m | −€6.5m | −€5.8m | −€11.8m | −€14.7m | −€6.8m | −€6.9m | −€9.6m |
| Diluted earnings per share | -1.66 | -0.01 | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | -0.01 | -0.34 | -0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €10.3m | €10.1m | €11.4m | €12.2m | €14.1m | €19.6m | €26.3m | €32.2m | €25.0m | €16.1m |
| Cash and short-term investments | €632,000 | €943,530 | €893,000 | €899,000 | €984,000 | €1.0m | €787,000 | €314,000 | €1.4m | €422,000 |
| Total liabilities | €52.1m | €47.8m | €44.2m | €43.0m | €38.7m | €36.3m | €34.6m | €25.2m | €19.6m | €20.3m |
| Debt | €44.0m | €38.2m | €35.7m | €35.3m | €32.7m | €28.1m | €26.8m | €16.3m | €11.5m | €12.5m |
| Shareholders' equity | −€41.5m | −€37.4m | −€32.7m | −€31.3m | −€25.1m | −€17.9m | −€8.3m | €7.0m | €5.5m | −€4.2m |
| Shares outstanding | 3m | 686m | 686m | 675m | 965m | 521m | 965m | 849m | 20m | 179m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€2.1m | −€1.4m | −€2.9m | −€2.2m | −€3.7m | −€1.3m | −€4.8m | −€6.4m | −€5.6m | −€5.5m |
| Capital spending | −€31,000 | −€15,420 | −€22,330 | −€39,000 | −€48,000 | −€248,000 | −€1.0m | −€848,000 | −€213,000 | −€364,000 |
| Free cash flow | −€2.1m | −€1.4m | −€2.9m | −€2.2m | −€3.8m | −€1.6m | −€5.9m | −€7.2m | −€5.8m | −€5.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €4.1m | €4.0m | €4.1m | €3.7m | €4.6m | €4.5m | €4.7m | €4.1m |
| Operating income | −€436,000 | −€506,500 | −€171,000 | −€786,500 | −€378,000 | −€322,000 | €459,030 | −€991,000 |
| Net income | −€1.2m | −€1.2m | −€1.1m | −€1.3m | −€993,000 | −€1.0m | −€875,120 | −€1.2m |
| Diluted earnings per share | -0.44 | -0.45 | -0.39 | -0.46 | -0.36 | -0.37 | -0.00 | -0.00 |
| Total assets | €10.0m | — | €10.3m | €10.3m | €10.2m | — | €10.1m | €10.1m |
| Cash and short-term investments | €136,000 | €632,000 | €632,000 | €632,000 | €54,000 | €944,000 | €943,530 | €944,000 |
| Debt | — | — | €44.0m | €39.2m | — | — | €38.2m | €12.9m |
| Shareholders' equity | −€44.1m | −€41.8m | −€41.5m | −€41.5m | −€39.2m | −€37.7m | −€37.4m | −€37.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.8% | -4.2% | -0.3% |
| Operating income | -29.0% | -29.5% | -15.7% |
| Net income | -11.2% | -17.3% | -8.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -10.4% | -14.2% | -21.1% | -27.6% |
| Net margin | -28.4% | -29.2% | -35.1% | -40.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -524.4 | -627.7 | -480.3 | -1339.2 | -396.4 | -740.7 | -1460.5 | -50.8 | -474.1 |
| Price to sales | 0.4 | 152.7 | 152.1 | 169.0 | 420.2 | 228.7 | 396.3 | 403.1 | 17.6 | 296.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Apr 2008.
| FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | FY2001 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 225.00 | 337.50 | 225.00 | 225.00 | 175.00 | 150.00 | 312.50 | 150.00 |
- 250-to-1 reverse split · 18 Aug 2025
- 5-to-1 reverse split · 4 Nov 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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