F 
35.20
—
Close of 9 Nov 2026, in DKK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in DKK, from our data supplier.
Revenue
DKK 6.6m
FY2016FY2025
Net income
DKK 3.5m
FY2016FY2025
Free cash flow
DKK 1.3m
FY2016FY2025
Shareholders' equity
DKK 2.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 6.6m | DKK 6.4m | DKK 6.3m | DKK 8.7m | DKK 5.9m | DKK 2.1m | DKK 2.3m | DKK 3.0m | DKK 3.0m | DKK 2.8m |
| Research and development | DKK 1.9m | DKK 2.3m | DKK 2.2m | DKK 2.2m | DKK 2.1m | DKK 2.1m | — | — | — | — |
| Operating income | −DKK 139,138 | −DKK 1.2m | −DKK 1.6m | DKK 649,550 | −DKK 2.4m | DKK 38,920 | DKK 455,470 | DKK 1.2m | DKK 1.2m | DKK 1.0m |
| Net income | DKK 3.5m | −DKK 2.2m | −DKK 2.8m | −DKK 2.8m | −DKK 3.9m | −DKK 2.3m | DKK 276,003 | DKK 791,858 | DKK 839,921 | DKK 3.8m |
| Diluted earnings per share | 3.15 | -2.48 | -3.24 | -3.26 | -4.46 | -2.66 | 0.33 | 0.70 | 0.74 | 3.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 17.4m | DKK 11.7m | DKK 11.6m | DKK 13.9m | DKK 20.2m | DKK 13.6m | DKK 15.4m | DKK 15.9m | DKK 16.2m | DKK 14.0m |
| Cash and short-term investments | DKK 1.3m | DKK 330,866 | DKK 148,940 | DKK 63,019 | DKK 654,940 | DKK 569,928 | DKK 365,446 | DKK 787,146 | DKK 387,503 | DKK 348,614 |
| Total liabilities | DKK 15.3m | DKK 17.0m | DKK 11.8m | DKK 11.1m | DKK 14.7m | DKK 5.9m | DKK 5.5m | DKK 4.6m | DKK 4.8m | DKK 3.2m |
| Debt | DKK 64,199 | DKK 9.8m | DKK 1.1m | DKK 3.2m | DKK 2.8m | DKK 1.1m | DKK 976,010 | DKK 61,385 | DKK 925,115 | DKK 51,988 |
| Shareholders' equity | DKK 2.1m | −DKK 5.3m | −DKK 150,033 | DKK 2.8m | DKK 5.4m | DKK 7.7m | DKK 9.9m | DKK 11.3m | DKK 11.4m | DKK 10.8m |
| Shares outstanding | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 1.3m | −DKK 138,268 | DKK 1.8m | DKK 1.1m | DKK 1.3m | DKK 2.0m | DKK 2.6m | DKK 4.7m | DKK 1.7m | DKK 2.6m |
| Capital spending | −DKK 3 | −DKK 1.9m | −DKK 2.1m | −DKK 2.4m | −DKK 2.4m | −DKK 3.2m | −DKK 2.3m | −DKK 2.5m | −DKK 2.3m | −DKK 2.0m |
| Free cash flow | DKK 1.3m | −DKK 2.1m | −DKK 351,009 | −DKK 1.3m | −DKK 1.1m | −DKK 1.2m | DKK 298,763 | DKK 2.2m | −DKK 556,375 | DKK 605,123 |
| Dividends paid | — | — | — | — | — | — | −DKK 1.7m | −DKK 1.6m | −DKK 1.6m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 2.5m | DKK 4.2m | DKK 2.5m | DKK 4.0m | DKK 2.3m | DKK 4.2m | DKK 2.1m | DKK 6.8m |
| Operating income | DKK 529,000 | −DKK 584,138 | DKK 445,000 | DKK 1.7m | −DKK 53,000 | DKK 1.8m | −DKK 423,000 | DKK 4.6m |
| Net income | −DKK 855,000 | −DKK 1.5m | DKK 5.1m | −DKK 220,699 | −DKK 1.9m | −DKK 181,183 | −DKK 2.6m | −DKK 66,343 |
| Diluted earnings per share | -0.76 | -1.38 | 4.53 | -0.25 | -2.23 | -0.21 | -3.03 | -0.08 |
| Cash from operations | — | — | — | — | — | — | DKK 1.0m | DKK 1.0m |
| Total assets | DKK 15.9m | DKK 17.4m | DKK 17.4m | DKK 11.7m | DKK 10.5m | DKK 11.6m | DKK 12.3m | DKK 13.9m |
| Cash and short-term investments | DKK 931,000 | DKK 1.3m | DKK 194,000 | DKK 330,866 | DKK 158,000 | DKK 148,940 | DKK 46,000 | DKK 63,019 |
| Debt | — | — | — | DKK 9.8m | — | DKK 944,184 | — | DKK 2.9m |
| Shareholders' equity | DKK 1.2m | DKK 2.1m | DKK 6,000 | −DKK 5.3m | −DKK 2.2m | −DKK 150,034 | DKK 18,000 | DKK 2.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.8% | 25.3% | — |
| Net income | — | — | 9.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -10.2% | -8.1% | -12.8% | — |
| Net margin | 10.4% | -15.4% | -29.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.0 | -8.4 | -6.4 | -11.9 | -13.0 | -16.3 | 120.8 | 62.4 | 57.1 | 11.4 |
| Price to sales | 3.7 | 2.9 | 2.9 | 3.9 | 8.6 | 17.1 | 14.5 | 16.6 | 16.1 | 15.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Mar 2019.
| FY2019 | FY2018 | FY2017 | |
|---|---|---|---|
| Paid in the year | 2.00 | 2.00 | 2.00 |
- 100-to-1 reverse split · 1 Aug 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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