G 
39.90
+2.05%
Close of 9 Nov 2026, in NOK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in NOK, from our data supplier.
Revenue
NOK 176.5m
FY2016FY2025
Net income
NOK 13.3m
FY2016FY2025
Free cash flow
NOK 31.8m
FY2016FY2025
Shareholders' equity
NOK 205.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 176.5m | NOK 152.1m | NOK 136.2m | NOK 101.6m | NOK 83.1m | NOK 68.4m | NOK 48.0m | NOK 46.1m | NOK 35.0m | NOK 30.9m |
| Research and development | NOK 23.2m | NOK 21.9m | NOK 36.1m | NOK 24.7m | NOK 26.8m | NOK 26.1m | NOK 19.2m | NOK 3.8m | NOK 3.9m | NOK 2.1m |
| Operating income | NOK 25.5m | NOK 15.7m | −NOK 12.8m | −NOK 23.4m | −NOK 23.4m | −NOK 17.8m | −NOK 27.2m | −NOK 20.7m | −NOK 16.2m | −NOK 10.1m |
| Net income | NOK 13.3m | NOK 45.3m | −NOK 10.6m | −NOK 24.0m | −NOK 24.8m | −NOK 17.1m | −NOK 39.9m | −NOK 19.8m | −NOK 15.2m | −NOK 8.9m |
| Diluted earnings per share | 0.85 | 2.87 | -0.69 | -1.56 | -1.61 | -1.11 | -2.59 | -1.29 | -1.08 | -0.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 258.5m | NOK 229.7m | NOK 181.0m | NOK 187.8m | NOK 211.8m | NOK 235.3m | NOK 227.2m | NOK 258.0m | NOK 205.2m | NOK 123.0m |
| Cash and short-term investments | — | NOK 84.7m | NOK 87.6m | NOK 81.6m | NOK 114.9m | NOK 157.6m | NOK 171.2m | NOK 198.3m | NOK 145.3m | NOK 74.3m |
| Total liabilities | NOK 53.6m | NOK 35.6m | NOK 34.4m | NOK 33.6m | NOK 37.0m | NOK 40.7m | NOK 18.9m | NOK 12.1m | NOK 8.8m | NOK 7.4m |
| Debt | — | NOK 10.0m | NOK 13.0m | NOK 15.3m | NOK 18.6m | NOK 22.3m | NOK 6.8m | NOK 698,000 | NOK 2.2m | NOK 1.6m |
| Shareholders' equity | NOK 205.0m | NOK 194.1m | NOK 146.6m | NOK 154.2m | NOK 174.8m | NOK 194.6m | NOK 208.2m | NOK 245.9m | NOK 196.5m | NOK 115.5m |
| Shares outstanding | 16m | 16m | 15m | 15m | 15m | 15m | 15m | 15m | 14m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NOK 42.6m | NOK 13.5m | NOK 15.5m | −NOK 14.0m | −NOK 27.1m | −NOK 7.7m | −NOK 21.5m | −NOK 10.9m | −NOK 18.6m | −NOK 7.9m |
| Capital spending | −NOK 10.8m | −NOK 10.9m | −NOK 4.5m | −NOK 14.7m | −NOK 12.8m | −NOK 6.5m | −NOK 4.0m | −NOK 6.2m | −NOK 6.9m | −NOK 7.1m |
| Free cash flow | NOK 31.8m | NOK 2.5m | NOK 11.0m | −NOK 28.6m | −NOK 39.9m | −NOK 14.1m | −NOK 25.5m | −NOK 17.0m | −NOK 25.5m | −NOK 15.0m |
| Dividends paid | −NOK 6.2m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 49.8m | NOK 43.9m | NOK 46.6m | NOK 41.8m | NOK 43.6m | NOK 44.5m | NOK 42.6m | NOK 32.7m |
| Operating income | NOK 5.9m | −NOK 27.5m | NOK 8.1m | NOK 5.1m | −NOK 545,000 | NOK 11.7m | NOK 5.9m | NOK 2.7m |
| Net income | NOK 4.4m | −NOK 20.3m | NOK 3.5m | NOK 4.0m | −NOK 2.0m | NOK 7.8m | NOK 33.0m | NOK 3.4m |
| Diluted earnings per share | 0.29 | -1.32 | 0.22 | 0.26 | -0.13 | 0.50 | 2.09 | 0.22 |
| Cash from operations | −NOK 3.0m | −NOK 12.0m | NOK 42.0m | NOK 8.0m | — | NOK 6.0m | −NOK 4.0m | NOK 16.0m |
| Capital spending | — | — | −NOK 10.0m | — | −NOK 2.0m | −NOK 2.0m | −NOK 3.0m | — |
| Free cash flow | — | — | NOK 32.0m | — | — | NOK 4.0m | −NOK 7.0m | — |
| Total assets | NOK 223.5m | NOK 235.5m | NOK 258.5m | NOK 232.7m | NOK 231.2m | NOK 235.9m | NOK 229.7m | NOK 189.1m |
| Cash and short-term investments | — | — | NOK 105.9m | NOK 86.6m | NOK 80.2m | NOK 88.7m | NOK 84.7m | NOK 93.8m |
| Debt | — | — | NOK 19.4m | NOK 1.9m | NOK 3.2m | NOK 4.3m | NOK 14.6m | — |
| Shareholders' equity | NOK 182.7m | NOK 185.2m | NOK 205.0m | NOK 202.0m | NOK 197.5m | NOK 203.5m | NOK 194.1m | NOK 161.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.2% | 20.9% | 21.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 12.5% | 0.9% | -5.1% | -12.4% |
| Net margin | 17.8% | 4.2% | -2.5% | -11.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 66.0 | 13.6 | -60.1 | -26.4 | -44.8 | -49.1 | -24.1 | -42.0 | -37.8 | -66.1 |
| Price to sales | 5.0 | 4.1 | 4.7 | 6.2 | 13.3 | 12.3 | 20.0 | 18.0 | 16.4 | 19.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 6 May 2026.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 0.60 | 0.40 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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