G 
15.00
+0.67%
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 721.2m
FY2016FY2025
Net income
NOK 18.9m
FY2016FY2025
Free cash flow
NOK 76.8m
FY2016FY2025
Shareholders' equity
NOK 277.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 721.2m | NOK 714.8m | NOK 831.0m | NOK 507.8m | NOK 536.0m | NOK 512.8m | NOK 449.5m | NOK 569.1m | NOK 688.7m | NOK 704.2m |
| Research and development | — | — | NOK 1.9m | — | NOK 685,000 | NOK 1.7m | — | — | — | — |
| Operating income | NOK 36.6m | NOK 22.6m | NOK 26.3m | NOK 4.5m | −NOK 15.5m | NOK 2.1m | NOK 285,000 | −NOK 56.9m | −NOK 8.5m | −NOK 58.2m |
| Net income | NOK 18.9m | −NOK 25.3m | NOK 8.1m | −NOK 1.6m | −NOK 18.4m | −NOK 2.1m | −NOK 1.7m | −NOK 62.1m | −NOK 15.4m | −NOK 25.6m |
| Diluted earnings per share | 0.65 | -0.91 | 0.29 | -0.06 | -0.59 | -0.09 | -0.08 | -2.75 | -0.68 | -1.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 510.4m | NOK 528.2m | NOK 580.3m | NOK 547.2m | NOK 517.1m | NOK 505.0m | NOK 444.8m | NOK 451.7m | NOK 519.6m | NOK 584.4m |
| Cash and short-term investments | NOK 127.0m | NOK 96.6m | NOK 104.4m | NOK 74.0m | NOK 79.3m | NOK 99.8m | NOK 57.8m | NOK 60.1m | NOK 39.3m | NOK 46.4m |
| Total liabilities | NOK 233.4m | NOK 265.4m | NOK 299.9m | NOK 288.3m | NOK 255.4m | NOK 228.8m | NOK 214.9m | NOK 218.4m | NOK 221.8m | NOK 275.8m |
| Debt | NOK 45.6m | NOK 60.7m | NOK 56.2m | NOK 93.5m | NOK 101.4m | NOK 89.1m | NOK 72.9m | NOK 45.6m | NOK 47.4m | NOK 19.7m |
| Shareholders' equity | NOK 277.0m | NOK 262.8m | NOK 280.4m | NOK 258.9m | NOK 260.2m | NOK 273.7m | NOK 228.7m | NOK 232.1m | NOK 296.8m | NOK 307.7m |
| Shares outstanding | 29m | 28m | 28m | 27m | 31m | 23m | 23m | 23m | 23m | 23m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NOK 83.1m | −NOK 11.0m | NOK 80.9m | NOK 30.5m | NOK 2.0m | NOK 11.2m | NOK 17.6m | −NOK 4.2m | −NOK 429,000 | −NOK 2.6m |
| Capital spending | −NOK 6.3m | −NOK 6.1m | −NOK 12.6m | −NOK 18.0m | −NOK 10.3m | −NOK 1.4m | −NOK 39.8m | −NOK 1.4m | −NOK 4.9m | −NOK 17.6m |
| Free cash flow | NOK 76.8m | −NOK 17.1m | NOK 68.3m | NOK 12.5m | −NOK 8.3m | NOK 9.8m | −NOK 22.2m | −NOK 5.6m | −NOK 5.3m | −NOK 20.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 171.7m | NOK 172.2m | NOK 195.3m | NOK 167.9m | NOK 163.9m | NOK 194.2m | NOK 150.4m | NOK 147.7m |
| Operating income | NOK 9.5m | NOK 14.2m | NOK 13.3m | NOK 8.9m | NOK 5.5m | NOK 9.0m | NOK 11.0m | −NOK 5.4m |
| Net income | NOK 7.3m | NOK 10.7m | NOK 12.7m | NOK 7.2m | NOK 1.7m | −NOK 2.6m | −NOK 26.6m | −NOK 3.9m |
| Diluted earnings per share | 0.24 | 0.36 | 0.44 | 0.25 | 0.06 | -0.09 | -0.95 | -0.14 |
| Cash from operations | −NOK 8.0m | −NOK 17.0m | NOK 83.0m | NOK 36.0m | NOK 14.0m | −NOK 4.0m | −NOK 11.0m | −NOK 6.0m |
| Capital spending | −NOK 1.0m | −NOK 1.0m | −NOK 6.0m | −NOK 4.0m | −NOK 3.0m | — | −NOK 6.0m | −NOK 2.0m |
| Free cash flow | −NOK 9.0m | −NOK 18.0m | NOK 77.0m | NOK 32.0m | NOK 11.0m | — | −NOK 17.0m | −NOK 8.0m |
| Total assets | NOK 469.7m | NOK 514.1m | NOK 510.4m | NOK 502.2m | NOK 487.5m | NOK 498.7m | NOK 528.2m | NOK 538.3m |
| Cash and short-term investments | — | — | NOK 127.0m | NOK 87.8m | NOK 71.3m | NOK 95.5m | NOK 110.8m | NOK 105.7m |
| Debt | — | — | NOK 45.6m | NOK 51.8m | NOK 58.7m | NOK 29.5m | NOK 29.4m | NOK 87.5m |
| Shareholders' equity | NOK 286.5m | NOK 293.8m | NOK 277.0m | NOK 264.7m | NOK 257.1m | NOK 254.6m | NOK 262.8m | NOK 283.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.4% | 7.1% | 0.3% |
| Operating income | 101.4% | 76.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.1% | 3.2% | 2.0% | -1.7% |
| Net margin | -0.4% | 0.0% | -0.5% | -4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.1 | -11.0 | 33.7 | -131.6 | -15.9 | -121.9 | -90.9 | -1.4 | -9.6 | -6.2 |
| Price to sales | 0.4 | 0.4 | 0.3 | 0.4 | 0.6 | 0.5 | 0.3 | 0.1 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 May 2026.
| FY2026 | FY2014 | FY2013 | FY2012 | FY2010 | |
|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.65 | 1.50 | 0.80 | 1.50 |
- 10-to-1 reverse split · 7 May 2012
- 10-to-1 reverse split · 25 Apr 2002
- 10-to-1 reverse split · 28 Jan 2000
- 5-for-1 split · 24 Apr 1996
- 11-for-10 split · 23 May 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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