F 
0.02
-13.27%
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
€30.5m
FY2016FY2025
Net income
€1.0m
FY2016FY2025
Free cash flow
−€4.1m
FY2016FY2025
Shareholders' equity
€8.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €30.5m | €17.5m | €28.6m | €24.4m | €23.8m | €21.2m | €45.8m | €57.7m | €46.0m | €58.9m |
| Research and development | €45,000 | €54,000 | €77,000 | €97,000 | €85,000 | €116,000 | €160,000 | €199,000 | €170,000 | €172,000 |
| Operating income | −€1.7m | −€6.6m | −€1.6m | −€5.3m | −€3.1m | −€5.0m | −€4.7m | −€695,000 | −€2.4m | €3.4m |
| Net income | €1.0m | −€9.3m | −€1.3m | €6.0m | −€3.5m | −€6.0m | −€4.5m | −€1.3m | −€3.1m | €2.5m |
| Diluted earnings per share | 0.00 | -0.27 | -0.19 | 0.68 | -0.01 | -1.16 | -0.88 | -0.26 | -0.60 | 0.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €26.3m | €28.3m | €32.2m | €32.1m | €40.5m | €38.5m | €48.0m | €59.7m | €59.5m | €58.3m |
| Cash and short-term investments | €2.4m | €1.7m | €3.2m | €4.9m | €5.3m | €4.9m | €4.1m | €6.6m | €11.5m | €8.9m |
| Total liabilities | €18.3m | €25.3m | €28.7m | €4.5m | €42.2m | €37.8m | €40.6m | €47.8m | €46.2m | €39.4m |
| Debt | €5.2m | €1.0m | €11.4m | €8.3m | €11.7m | €14.6m | €16.5m | €17.8m | €17.6m | €16.1m |
| Shareholders' equity | €8.1m | €2.9m | €3.2m | €6.0m | −€2.3m | −€117,000 | €6.2m | €10.3m | €11.4m | €16.9m |
| Shares outstanding | 346m | 34m | 7m | 9m | 346m | 5m | 5m | 5m | 5m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€3.6m | −€4.3m | −€4.8m | €793,000 | €584,000 | €3.8m | €2.9m | −€3.6m | €6.0m | −€6.5m |
| Capital spending | −€425,000 | −€108,000 | −€475,000 | −€298,000 | −€86,000 | −€499,000 | −€894,000 | −€1.8m | −€2.4m | −€4.9m |
| Free cash flow | −€4.1m | −€4.5m | −€5.3m | €495,000 | €498,000 | €3.3m | €2.0m | −€5.4m | €3.5m | −€11.4m |
| Dividends paid | — | — | — | — | — | — | — | — | −€1.0m | −€2.0m |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €8.5m | €8.5m | €7.2m | €7.2m | €4.1m | €4.1m | €4.7m | €4.7m |
| Operating income | €48,000 | €48,000 | −€397,500 | −€397,500 | −€1.9m | −€1.9m | −€1.4m | −€1.4m |
| Net income | €574,000 | €574,000 | −€54,500 | −€54,500 | −€1.0m | −€1.0m | −€3.6m | −€3.6m |
| Diluted earnings per share | 0.00 | 0.00 | -0.00 | -0.00 | -0.03 | -0.03 | -0.11 | -0.11 |
| Cash from operations | — | — | −€1.0m | −€1.0m | €1.0m | €1.0m | −€3.0m | −€3.0m |
| Total assets | €26.3m | €26.3m | €25.8m | €25.8m | €28.3m | €28.3m | €30.7m | €30.7m |
| Cash and short-term investments | €2.4m | €2.4m | €1.7m | €1.7m | €1.7m | €1.7m | €2.1m | €2.1m |
| Debt | €1.2m | €2.0m | €5.2m | €1.2m | €1.4m | €6.9m | €6.3m | €2.3m |
| Shareholders' equity | €8.1m | €8.1m | €4.1m | €4.1m | €2.9m | €2.9m | €4.4m | €4.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.8% | 7.5% | -6.6% |
| Operating income | -31.6% | -19.4% | — |
| Net income | -44.2% | — | -9.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -17.2% | -15.1% | -16.0% | -5.7% |
| Net margin | -17.2% | -3.6% | -8.9% | -4.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.1 | -6.4 | -178.4 | 83.4 | -7152.8 | -46.9 | -164.1 | -498.6 | -435.9 | 437.7 |
| Price to sales | 0.9 | 3.4 | 8.2 | 20.4 | — | 13.2 | 16.0 | 11.3 | 29.1 | 18.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jul 2017.
| FY2017 | FY2016 | FY2015 | FY2002 | FY2001 | |
|---|---|---|---|---|---|
| Paid in the year | 20.00 | 40.00 | 25.00 | 14.00 | 27,000.00 |
- 100-to-1 reverse split · 16 Jun 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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