F 
29.70
-2.30%
Close of 9 Nov 2026, in SEK
Search any instrument
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
—
FY2018FY2025
Net income
−DKK 60.1m
FY2018FY2025
Free cash flow
−DKK 56.3m
FY2018FY2025
Shareholders' equity
DKK 81.1m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | DKK 572,530 | DKK 423,000 | DKK 6.5m | DKK 9.6m | — | — | — |
| Gross profit | −DKK 849,387 | DKK 572,530 | DKK 423,000 | DKK 6.5m | DKK 9.6m | — | — | — |
| Research and development | DKK 28.2m | — | — | — | — | — | — | — |
| Operating income | −DKK 61.0m | −DKK 48.5m | −DKK 43.7m | −DKK 32.5m | −DKK 28.8m | −DKK 22.2m | −DKK 10.7m | −DKK 56,727 |
| Net income | −DKK 60.1m | −DKK 43.1m | −DKK 38.4m | −DKK 27.3m | −DKK 23.8m | −DKK 17.5m | −DKK 9.7m | −DKK 57,818 |
| Diluted earnings per share | -4.00 | -3.15 | -3.17 | -2.31 | -2.10 | -1.66 | -1.34 | -0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 131.4m | DKK 42.2m | DKK 29.6m | DKK 35.6m | DKK 53.3m | DKK 16.7m | DKK 5.2m | DKK 75,000 |
| Cash and short-term investments | DKK 117.2m | DKK 27.7m | DKK 21.7m | DKK 26.0m | DKK 46.8m | DKK 10.6m | DKK 2.3m | DKK 59,000 |
| Total liabilities | DKK 50.2m | DKK 7.9m | DKK 16.9m | DKK 3.7m | DKK 14.6m | DKK 12.3m | DKK 696,000 | DKK 68,000 |
| Debt | DKK 41.4m | DKK 624,000 | DKK 10.8m | DKK 205,000 | DKK 57,000 | DKK 218,000 | — | — |
| Shareholders' equity | DKK 81.1m | DKK 34.3m | DKK 12.7m | DKK 32.0m | DKK 38.7m | DKK 4.4m | DKK 4.5m | DKK 7,000 |
| Shares outstanding | 15m | 14m | 12m | 12m | 11m | 11m | 7m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −DKK 56.3m | −DKK 43.4m | −DKK 31.8m | −DKK 37.6m | −DKK 15.1m | −DKK 8.8m | −DKK 10.6m | −DKK 1,091 |
| Capital spending | — | −DKK 1.3m | — | −DKK 64,000 | — | — | −DKK 378,000 | — |
| Free cash flow | −DKK 56.3m | −DKK 44.6m | −DKK 31.8m | −DKK 37.7m | −DKK 15.1m | −DKK 8.8m | −DKK 10.9m | −DKK 1,091 |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 80,303 | — | — | DKK 84,764 | — | −DKK 953,225 | — | DKK 1.0m |
| Gross profit | DKK 80,303 | −DKK 203,135 | −DKK 299,179 | DKK 84,764 | −DKK 344,868 | −DKK 953,225 | — | DKK 1.0m |
| Operating income | −DKK 19.4m | −DKK 17.0m | −DKK 13.5m | −DKK 14.5m | −DKK 14.3m | −DKK 14.9m | −DKK 6.5m | −DKK 8.0m |
| Net income | −DKK 17.5m | −DKK 19.7m | −DKK 12.7m | −DKK 13.3m | −DKK 13.2m | −DKK 13.0m | −DKK 5.5m | −DKK 7.2m |
| Diluted earnings per share | -1.07 | -1.31 | -0.85 | -0.89 | -0.88 | -0.95 | -0.40 | -0.53 |
| Cash from operations | −DKK 22.0m | −DKK 6.0m | −DKK 16.0m | −DKK 16.0m | −DKK 14.0m | −DKK 2.0m | −DKK 8.0m | −DKK 8.0m |
| Capital spending | — | −DKK 6.0m | — | — | — | — | — | — |
| Free cash flow | — | −DKK 12.0m | — | — | — | — | — | — |
| Total assets | DKK 113.4m | DKK 131.4m | DKK 43.5m | DKK 49.7m | DKK 48.4m | DKK 42.2m | DKK 34.9m | DKK 40.8m |
| Cash and short-term investments | DKK 94.0m | DKK 117.2m | DKK 20.4m | DKK 29.2m | DKK 31.2m | DKK 27.7m | DKK 20.2m | DKK 28.9m |
| Debt | DKK 41.0m | DKK 41.8m | DKK 40.7m | DKK 33.1m | DKK 18.3m | DKK 340,544 | DKK 223,000 | DKK 217,000 |
| Shareholders' equity | DKK 64.1m | DKK 81.1m | −DKK 3.6m | DKK 8.8m | DKK 21.7m | DKK 34.3m | DKK 31.6m | DKK 37.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 23.4% | 22.4% | — |
| Net income | 30.0% | 28.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -5.9 | -8.6 | -13.4 | -11.2 | -28.3 | -49.7 | -3.9 |
| Price to sales | — | — | — | 47.1 | 69.9 | — | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.