G 
66.00
+0.92%
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 153.9m
FY2016FY2025
Net income
DKK 33.2m
FY2016FY2025
Free cash flow
DKK 37.3m
FY2016FY2025
Shareholders' equity
DKK 35.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 153.9m | DKK 129.5m | DKK 94.6m | DKK 75.6m | DKK 62.4m | DKK 34.6m | DKK 35.3m | DKK 27.3m | DKK 14.2m | DKK 406,000 |
| Research and development | — | — | DKK 989,000 | DKK 808,000 | DKK 900,000 | DKK 545,000 | — | — | — | — |
| Operating income | DKK 21.4m | DKK 11.9m | −DKK 40.1m | −DKK 36.4m | −DKK 48.9m | −DKK 57.4m | −DKK 28.6m | −DKK 29.1m | −DKK 32.5m | −DKK 5.7m |
| Net income | DKK 33.2m | −DKK 17.3m | −DKK 76.7m | −DKK 75.8m | −DKK 49.4m | −DKK 58.6m | −DKK 30.6m | −DKK 33.1m | −DKK 30.6m | −DKK 5.2m |
| Diluted earnings per share | 5.60 | -2.99 | -17.04 | -17.07 | -13.17 | -17.33 | -11.30 | -17.49 | -16.16 | -2.75 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 162.4m | DKK 167.0m | DKK 205.1m | DKK 285.6m | DKK 266.1m | DKK 147.2m | DKK 98.5m | DKK 42.8m | DKK 80.7m | DKK 61.0m |
| Cash and short-term investments | DKK 16.5m | DKK 9.5m | DKK 36.2m | DKK 43.6m | DKK 130.1m | DKK 32.4m | DKK 28.3m | DKK 1.6m | DKK 31.9m | DKK 3.4m |
| Total liabilities | DKK 126.8m | DKK 160.7m | DKK 194.8m | DKK 219.9m | DKK 122.0m | DKK 95.9m | DKK 68.4m | DKK 45.5m | DKK 50.2m | DKK 60.5m |
| Debt | DKK 39.5m | DKK 134.0m | DKK 171.6m | DKK 201.4m | DKK 110.0m | DKK 78.4m | DKK 60.2m | DKK 37.5m | DKK 46.4m | DKK 54.6m |
| Shareholders' equity | DKK 35.6m | DKK 6.3m | DKK 16.1m | DKK 65.8m | DKK 145.2m | DKK 50.9m | DKK 30.1m | −DKK 2.6m | DKK 30.5m | DKK 471,000 |
| Shares outstanding | 6m | 6m | 4m | 4m | 4m | 3m | 3m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 37.4m | DKK 16.9m | −DKK 14.1m | −DKK 43.2m | −DKK 38.8m | −DKK 25.1m | −DKK 23.3m | −DKK 21.3m | −DKK 22.6m | −DKK 3.2m |
| Capital spending | −DKK 175,000 | −DKK 4.2m | — | −DKK 101.1m | −DKK 8.2m | −DKK 39.5m | −DKK 561,000 | −DKK 5,000 | −DKK 295,000 | −DKK 1.2m |
| Free cash flow | DKK 37.3m | DKK 12.7m | −DKK 14.1m | −DKK 144.3m | −DKK 47.1m | −DKK 64.7m | −DKK 23.8m | −DKK 21.3m | −DKK 22.9m | −DKK 4.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 41.7m | DKK 39.9m | DKK 39.9m | DKK 41.4m | DKK 37.1m | DKK 36.1m | DKK 36.1m | DKK 33.3m |
| Operating income | DKK 10.6m | DKK 8.0m | DKK 8.0m | DKK 10.2m | DKK 5.1m | DKK 3.8m | DKK 3.8m | DKK 4.5m |
| Net income | DKK 9.2m | DKK 13.6m | DKK 13.6m | DKK 8.2m | DKK 2.9m | DKK 2.7m | DKK 2.7m | −DKK 9.9m |
| Diluted earnings per share | 1.54 | 2.30 | 2.30 | 1.39 | 0.50 | 0.46 | 0.46 | -1.71 |
| Cash from operations | — | DKK 12.0m | DKK 12.0m | DKK 9.0m | DKK 9.0m | DKK 7.0m | DKK 7.0m | — |
| Capital spending | — | — | — | — | — | −DKK 2.0m | −DKK 2.0m | — |
| Free cash flow | — | — | — | — | — | DKK 5.0m | DKK 5.0m | — |
| Total assets | DKK 164.7m | DKK 162.4m | DKK 162.4m | DKK 151.5m | — | DKK 167.0m | DKK 167.0m | DKK 164.5m |
| Cash and short-term investments | DKK 13.7m | DKK 16.5m | DKK 16.5m | DKK 8.3m | DKK 9.5m | DKK 9.5m | DKK 9.5m | DKK 12.0m |
| Debt | DKK 40.8m | DKK 32.1m | DKK 32.1m | DKK 82.6m | — | DKK 71.1m | DKK 71.1m | DKK 94.0m |
| Shareholders' equity | DKK 44.6m | DKK 35.6m | DKK 35.6m | DKK 12.2m | DKK 6.3m | DKK 6.3m | DKK 6.3m | −DKK 6.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.7% | 34.7% | 107.1% |
| Operating income | — | — | 75.3% |
| Net income | — | — | 88.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.8% | -9.5% | -27.1% | -39.0% |
| Net margin | 5.6% | -30.1% | -44.4% | -54.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.3 | -11.0 | -2.1 | -2.5 | -7.2 | -10.4 | -6.7 | -5.5 | -8.1 |
| Price to sales | 4.8 | 1.5 | 1.7 | 2.5 | 5.7 | 17.5 | 5.8 | 6.7 | 17.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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