H 
0.82
+2.50%
Close of 9 Nov 2026, in EUR
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in EUR, from our data supplier.
Revenue
€10.0m
FY2016FY2025
Net income
−€33.8m
FY2016FY2025
Free cash flow
−€47.9m
FY2016FY2025
Shareholders' equity
€26.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €10.0m | €29.6m | €15.3m | €3.8m | €1.3m | €45.4m | €43.7m | €41.5m | €143.4m | €135.3m |
| Research and development | €1.4m | €863,000 | €2.0m | €400,000 | €700,000 | €800,000 | €752,000 | — | — | — |
| Operating income | −€35.1m | −€25.1m | — | −€4.0m | −€1.7m | −€1.7m | €4.3m | €2.1m | −€10.5m | −€4.4m |
| Net income | −€33.8m | −€27.9m | −€24.7m | −€3.9m | €87.1m | €3.1m | €2.5m | €52.4m | −€11.0m | −€31.4m |
| Diluted earnings per share | -0.67 | -0.77 | -0.68 | -0.19 | 4.15 | 0.16 | 0.13 | 2.61 | -0.55 | -1.56 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €83.3m | €91.2m | €122.5m | €118.6m | €122.5m | €57.2m | €89.6m | €144.2m | €129.8m | €151.8m |
| Cash and short-term investments | €7.5m | — | — | €117.4m | €116.8m | €16.6m | €51.5m | €113.2m | €29.0m | €30.9m |
| Total liabilities | €56.4m | €60.9m | €64.6m | €2.8m | €4.3m | €16.6m | €15.9m | €12.7m | €55.4m | €67.6m |
| Debt | €36.5m | €33.8m | €33.1m | €9,000 | €27,000 | €4.0m | €4.8m | €3.8m | €28.2m | €36.3m |
| Shareholders' equity | €26.7m | €30.1m | €57.7m | €115.8m | €118.2m | €40.6m | €73.6m | €131.5m | €74.4m | €84.1m |
| Shares outstanding | 50m | 36m | 36m | 20m | 21m | 20m | 20m | 20m | 20m | 20m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€38.3m | −€18.4m | −€14.8m | −€4.1m | €4.1m | €7.4m | €5.4m | €2.3m | €8.3m | −€2.1m |
| Capital spending | −€9.7m | −€3.1m | −€11.7m | −€12,000 | −€1.6m | −€6.7m | −€5.2m | −€3.1m | −€3.4m | −€6.8m |
| Free cash flow | −€47.9m | −€21.6m | −€26.5m | −€4.1m | €2.4m | €729,000 | €224,000 | −€850,000 | €4.9m | −€8.9m |
| Dividends paid | — | — | — | — | — | −€35.1m | −€60.2m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €3.5m | €3.5m | €4.7m | €1.0m | €2.1m | €2.1m | €4.4m | €7.7m |
| Operating income | −€8.3m | −€7.7m | −€9.3m | −€11.2m | −€6.8m | −€7.8m | −€7.8m | −€4.4m |
| Net income | −€8.9m | −€8.3m | −€5.7m | −€12.0m | −€7.9m | −€8.1m | −€9.0m | −€4.8m |
| Diluted earnings per share | -0.18 | -0.16 | -0.11 | -0.24 | -0.16 | -0.16 | -0.25 | -0.13 |
| Total assets | €69.7m | €75.1m | €83.3m | €101.5m | €92.0m | €84.4m | €91.2m | €103.6m |
| Cash and short-term investments | €3.9m | €5.6m | €7.5m | €19.7m | — | — | — | — |
| Debt | €45.3m | €39.9m | €36.4m | €36.5m | — | €35.5m | €33.8m | — |
| Shareholders' equity | €10.0m | €18.7m | €26.7m | €32.7m | €14.9m | €22.4m | €30.1m | €39.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 37.3% | -26.2% | -25.2% |
| Operating income | 106.0% | 82.3% | — |
| Net income | 105.8% | — | 40.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -152.2% | — | — | — |
| Net margin | -156.0% | -153.8% | -0.0% | 1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.7 | -7.3 | -6.7 | -27.0 | 1.1 | 26.7 | 39.4 | 1.6 | -4.8 | -1.0 |
| Price to sales | 5.8 | 6.9 | 10.8 | 27.1 | 78.2 | 1.8 | 2.3 | 1.9 | 0.4 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Jun 2020.
| FY2020 | FY2019 | |
|---|---|---|
| Paid in the year | 0.018 | 0.03 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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