G 
310.60
+2.71%
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 2.64bn
FY2020FY2025
Net income
DKK 1.69bn
FY2020FY2025
Free cash flow
DKK 1.70bn
FY2020FY2025
Shareholders' equity
DKK 1.15bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | DKK 2.64bn | DKK 265.7m | DKK 205.0m | DKK 199.4m | DKK 255.3m | DKK 172.3m |
| Gross profit | DKK 2.55bn | DKK 164.5m | DKK 114.9m | DKK 97.7m | DKK 165.9m | DKK 92.4m |
| Research and development | DKK 231.6m | DKK 113.0m | DKK 89.2m | DKK 56.8m | DKK 27.1m | DKK 34.2m |
| Operating income | DKK 2.22bn | −DKK 50.0m | −DKK 49.4m | −DKK 17.7m | DKK 88.8m | DKK 15.8m |
| Net income | DKK 1.69bn | −DKK 36.5m | −DKK 44.5m | DKK 4.3m | DKK 67.9m | DKK 12.7m |
| Diluted earnings per share | 103.51 | -2.24 | -2.73 | 0.37 | 4.16 | 0.78 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | DKK 1.32bn | DKK 612.5m | DKK 625.3m | DKK 262.9m | DKK 302.1m | DKK 195.2m |
| Cash and short-term investments | DKK 1.08bn | DKK 422.2m | DKK 457.4m | DKK 71.9m | DKK 115.8m | DKK 67.1m |
| Total liabilities | DKK 173.9m | DKK 161.9m | DKK 145.6m | DKK 154.7m | DKK 150.7m | DKK 115.2m |
| Debt | DKK 18.6m | DKK 96.4m | DKK 71.4m | DKK 69.4m | DKK 52.4m | DKK 58.6m |
| Shareholders' equity | DKK 1.15bn | DKK 450.6m | DKK 479.7m | DKK 108.2m | DKK 151.5m | DKK 80.0m |
| Shares outstanding | 16m | 16m | 16m | 12m | 16m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | DKK 1.71bn | DKK 5.0m | −DKK 49.4m | DKK 24.3m | DKK 88.5m | DKK 33.0m |
| Capital spending | −DKK 17.2m | −DKK 32.1m | −DKK 11.2m | −DKK 14.2m | −DKK 27.2m | −DKK 7.2m |
| Free cash flow | DKK 1.70bn | −DKK 27.1m | −DKK 60.6m | DKK 10.2m | DKK 61.3m | DKK 25.8m |
| Dividends paid | −DKK 1.00bn | −DKK 606,000 | −DKK 68.3m | −DKK 66.0m | −DKK 6.6m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 126.3m | DKK 144.7m | DKK 2.49bn | DKK 57.5m | DKK 145.1m | DKK 120.6m | DKK 60.3m | DKK 103.2m |
| Gross profit | DKK 95.7m | DKK 108.4m | DKK 2.45bn | — | DKK 92.9m | DKK 71.6m | DKK 35.8m | DKK 59.8m |
| Operating income | −DKK 123.4m | −DKK 71.9m | DKK 2.23bn | DKK 57.5m | −DKK 24.2m | −DKK 25.9m | −DKK 12.9m | −DKK 25.5m |
| Net income | −DKK 110.0m | −DKK 72.3m | DKK 1.76bn | DKK 57.5m | −DKK 16.4m | −DKK 20.1m | −DKK 10.1m | −DKK 26.4m |
| Diluted earnings per share | -6.70 | -4.43 | 107.93 | 3.52 | -1.00 | -1.24 | -0.62 | -1.62 |
| Cash from operations | −DKK 164.0m | −DKK 594.0m | DKK 2.31bn | — | −DKK 5.0m | DKK 10.0m | DKK 5.0m | −DKK 35.0m |
| Capital spending | −DKK 23.0m | −DKK 9.0m | −DKK 7.0m | — | −DKK 18.0m | −DKK 14.0m | −DKK 7.0m | −DKK 4.0m |
| Free cash flow | −DKK 187.0m | −DKK 603.0m | DKK 2.30bn | — | −DKK 23.0m | −DKK 4.0m | −DKK 2.0m | −DKK 39.0m |
| Total assets | DKK 1.29bn | DKK 1.32bn | DKK 2.91bn | — | DKK 612.5m | DKK 610.8m | DKK 610.8m | DKK 625.3m |
| Cash and short-term investments | DKK 901.3m | DKK 1.08bn | DKK 2.72bn | — | DKK 422.2m | DKK 446.9m | DKK 446.9m | DKK 457.4m |
| Debt | DKK 28.6m | DKK 18.6m | DKK 14.9m | — | DKK 29.6m | DKK 26.8m | DKK 13.4m | DKK 21.5m |
| Shareholders' equity | DKK 1.05bn | DKK 1.15bn | DKK 1.22bn | — | DKK 450.6m | DKK 463.9m | DKK 463.9m | DKK 479.7m |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 96.7% | 61.9% | 56.1% | 49.0% | 65.0% | 53.6% |
| Operating margin | 84.2% | -13.5% | -18.5% | 4.0% | 34.8% | 8.8% |
| Net margin | 64.1% | -13.7% | -21.7% | 2.2% | 26.6% | 7.4% |
| Return on equity | 147.5% | -8.1% | -9.3% | 4.0% | 44.9% | 15.9% |
| Return on assets | 128.1% | -6.0% | -7.1% | 1.6% | 22.5% | 6.5% |
| Free cash flow yield | 36.6% | 0.8% | -0.8% | 1.1% | 2.4% | 0.9% |
| Revenue growth | 892.2% | 29.6% | 2.8% | -21.9% | 48.2% | — |
| Earnings growth | -4731.9% | -18.0% | -1133.0% | -93.7% | 435.3% | — |
| Current ratio | 13.63x | 6.06x | 6.45x | 2.05x | 1.99x | 1.87x |
| Debt to equity | 0.02x | 0.03x | 0.02x | 0.08x | 0.32x | 0.64x |
| Equity ratio | 86.8% | 73.6% | 76.7% | 41.2% | 50.1% | 41.0% |
| Interest coverage | 204.42x | -5.07x | -7.77x | 4.50x | 51.11x | 10.21x |
| R&D as a share of sales | 8.8% | 42.5% | 43.5% | 28.5% | 10.6% | 19.8% |
| Buybacks as a share of market value | -0.2% | -0.1% | -38.9% | 28.2% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 133.6% | 72.8% | — |
| Operating income | — | 168.8% | — |
| Net income | 632.0% | 166.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 93.5% | 88.5% | 85.3% | — |
| Operating margin | 74.8% | 63.6% | 59.1% | — |
| Net margin | 57.0% | 48.8% | 45.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 5.0 | -278.7 | -45.7 |
| Price to sales | 3.2 | 38.5 | 9.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 30 Jun 2025.
| FY2025 | |
|---|---|
| Paid in the year | 61.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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