E 
3.85
+4.20%
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
€90.4m
FY2016FY2025
Net income
−€10.8m
FY2016FY2025
Free cash flow
−€15.9m
FY2016FY2025
Shareholders' equity
€103.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €90.4m | €117.8m | €87.6m | €56.4m | €38.4m | €30.8m | €36.3m | €35.4m | €34.0m | €33.1m |
| Gross profit | €29.8m | €43.1m | €30.3m | €18.5m | €13.4m | €11.7m | €13.6m | €13.9m | €12.1m | €11.7m |
| Research and development | €4.2m | €2.5m | €3.3m | €1.4m | €1.4m | €1.2m | €1.3m | €801,000 | €1.5m | €1.1m |
| Operating income | −€11.6m | €4.5m | €2.3m | −€3.5m | €2.3m | −€574,000 | −€2.5m | €2.2m | €830,000 | €1.4m |
| Net income | −€10.8m | −€643,000 | €603,000 | −€4.2m | €586,000 | −€1.7m | −€1.9m | €1.8m | −€2.5m | €5.2m |
| Diluted earnings per share | -0.18 | -0.01 | 0.01 | -0.09 | 0.01 | -0.04 | -0.05 | 0.05 | -0.07 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €158.5m | €129.4m | €99.2m | €78.9m | €51.7m | €38.8m | €39.9m | €40.0m | €35.0m | €40.7m |
| Cash and short-term investments | €59.9m | €30.7m | €12.5m | €16.1m | €3.1m | €1.1m | €675,000 | €4.1m | €1.8m | €1.4m |
| Total liabilities | €55.3m | €61.8m | €57.3m | €50.9m | €21.2m | €17.8m | €15.6m | €14.0m | €14.4m | €17.3m |
| Debt | €25.5m | €33.4m | €19.7m | €16.4m | €7.9m | €9.5m | €4.9m | €4.4m | €5.5m | €7.2m |
| Shareholders' equity | €103.1m | €67.5m | €41.9m | €27.9m | €30.5m | €21.0m | €24.4m | €26.0m | €20.6m | €23.5m |
| Shares outstanding | 60m | 58m | 52m | 46m | 46m | 41m | 41m | 40m | 37m | 36m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€9.7m | €1.2m | €2.8m | −€1.8m | €497,000 | −€409,000 | €805,000 | €4.6m | €3.2m | €4.5m |
| Capital spending | −€6.2m | −€6.5m | −€5.7m | −€8.4m | −€4.3m | −€3.9m | −€3.4m | −€3.8m | −€3.7m | −€5.4m |
| Free cash flow | −€15.9m | −€5.3m | −€2.9m | −€10.2m | −€3.8m | −€4.3m | −€2.6m | €843,000 | −€537,000 | −€813,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €25.3m | €19.7m | €23.8m | €22.5m | €23.1m | €21.0m | €36.4m | €27.4m |
| Gross profit | €8.1m | €6.7m | €6.0m | €7.9m | €8.4m | €7.8m | €14.0m | €10.0m |
| Operating income | −€3.6m | −€4.5m | −€5.1m | −€2.7m | −€1.9m | −€2.0m | €2.8m | €61,000 |
| Net income | −€3.8m | −€4.5m | −€1.8m | −€4.0m | −€2.5m | −€2.4m | €296,000 | −€529,000 |
| Diluted earnings per share | -0.06 | -0.07 | -0.03 | -0.07 | -0.04 | -0.04 | 0.01 | -0.01 |
| Cash from operations | −€16.0m | −€14.0m | €4.0m | −€5.0m | −€4.0m | −€4.0m | €5.0m | €7.0m |
| Capital spending | −€5.0m | −€1.0m | −€1.0m | −€2.0m | −€1.0m | −€1.0m | −€1.0m | −€2.0m |
| Free cash flow | −€21.0m | −€15.0m | €3.0m | −€7.0m | −€5.0m | −€5.0m | €4.0m | €5.0m |
| Total assets | €155.0m | €151.1m | €158.5m | €164.8m | €121.1m | €119.9m | €129.4m | €125.3m |
| Cash and short-term investments | €18.7m | €41.6m | €59.9m | €62.7m | €18.9m | €20.7m | €30.7m | €28.7m |
| Debt | €5.4m | €20.6m | €21.5m | €24.8m | €24.4m | €16.8m | €23.4m | €20.8m |
| Shareholders' equity | €94.9m | €98.5m | €103.1m | €105.6m | €57.9m | €64.3m | €67.5m | €65.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.0% | 24.0% | 11.8% |
| Operating income | 49.7% | 82.3% | — |
| Net income | 37.1% | 44.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.0% | 34.5% | 34.8% | 35.3% |
| Operating margin | -3.4% | -2.3% | -1.5% | -0.5% |
| Net margin | -5.5% | -4.3% | -3.8% | -2.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -30.1 | -489.0 | 282.9 | -33.8 | 246.0 | -28.3 | -23.3 | 24.0 |
| Price to sales | 3.6 | 2.7 | 1.9 | 2.5 | 3.8 | 1.6 | 1.2 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-for-1 split · 30 Jun 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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