I 
7.20
+2.86%
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 42.0m
FY2019FY2025
Net income
−DKK 6.8m
FY2019FY2025
Free cash flow
−DKK 6.8m
FY2019FY2025
Shareholders' equity
DKK 15.4m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | DKK 42.0m | DKK 35.4m | DKK 27.6m | DKK 19.9m | DKK 15.1m | DKK 9.9m | DKK 2.4m |
| Research and development | DKK 3.1m | DKK 2.7m | DKK 2.3m | DKK 1.9m | DKK 1.4m | — | — |
| Operating income | −DKK 6.6m | −DKK 11.7m | −DKK 13.1m | −DKK 19.0m | −DKK 16.2m | −DKK 5.2m | −DKK 8.0m |
| Net income | −DKK 6.8m | −DKK 11.4m | −DKK 12.9m | −DKK 18.5m | −DKK 16.0m | −DKK 4.7m | −DKK 8.1m |
| Diluted earnings per share | -0.28 | -0.48 | -0.57 | -0.92 | -0.88 | -0.26 | -30.65 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | DKK 41.4m | DKK 27.4m | DKK 34.6m | DKK 30.6m | DKK 38.0m | DKK 17.2m | DKK 9.1m |
| Cash and short-term investments | DKK 18.9m | DKK 9.8m | DKK 14.9m | DKK 15.2m | DKK 27.5m | DKK 5.6m | DKK 2.0m |
| Total liabilities | DKK 26.0m | DKK 21.2m | DKK 19.6m | DKK 14.1m | DKK 11.7m | DKK 11.8m | DKK 7.0m |
| Debt | — | — | — | — | — | DKK 676,428 | DKK 232,124 |
| Shareholders' equity | DKK 15.4m | DKK 6.2m | DKK 15.0m | DKK 16.5m | DKK 26.3m | DKK 5.4m | DKK 2.1m |
| Shares outstanding | 25m | 24m | 23m | 20m | 18m | 18m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −DKK 1.4m | −DKK 4.0m | −DKK 7.6m | −DKK 17.7m | −DKK 12.4m | −DKK 1.7m | DKK 2.4m |
| Capital spending | −DKK 5.4m | −DKK 3.6m | −DKK 3.1m | −DKK 3.0m | −DKK 2.2m | −DKK 2.8m | — |
| Free cash flow | −DKK 6.8m | −DKK 7.6m | −DKK 10.7m | −DKK 20.7m | −DKK 14.5m | −DKK 4.5m | DKK 2.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 14.3m | DKK 11.8m | DKK 11.4m | DKK 10.5m | DKK 10.1m | DKK 10.0m | DKK 9.7m | DKK 9.2m |
| Operating income | −DKK 250,000 | −DKK 437,000 | −DKK 944,000 | DKK 108,000 | −DKK 2.2m | −DKK 3.7m | −DKK 2.8m | −DKK 2.4m |
| Net income | DKK 298,000 | −DKK 386,000 | −DKK 963,000 | DKK 72,000 | −DKK 2.3m | −DKK 3.7m | −DKK 2.8m | −DKK 2.3m |
| Diluted earnings per share | 1.13 | -1.46 | -0.04 | 0.00 | -0.09 | -0.15 | -0.12 | -0.10 |
| Cash from operations | DKK 1.0m | DKK 9.0m | — | — | −DKK 4.0m | DKK 4.0m | −DKK 4.0m | — |
| Capital spending | −DKK 1.0m | −DKK 1.0m | −DKK 1.0m | −DKK 1.0m | −DKK 1.0m | −DKK 1.0m | — | — |
| Free cash flow | DKK 0 | DKK 8.0m | — | — | −DKK 5.0m | DKK 3.0m | — | — |
| Total assets | DKK 52.2m | DKK 46.8m | DKK 41.4m | DKK 23.0m | DKK 27.9m | DKK 29.8m | DKK 27.4m | DKK 30.0m |
| Cash and short-term investments | DKK 30.3m | DKK 26.5m | DKK 18.9m | DKK 5.3m | DKK 6.8m | DKK 12.3m | DKK 9.8m | DKK 15.0m |
| Shareholders' equity | DKK 19.3m | DKK 15.0m | DKK 15.4m | DKK 441,000 | DKK 216,000 | DKK 2.5m | DKK 6.2m | DKK 8.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 28.4% | 33.5% | — |
| Operating income | -29.8% | 4.6% | — |
| Net income | -28.3% | 7.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -23.5% | -40.3% | -47.9% | — |
| Net margin | -23.6% | -39.8% | -47.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -25.4 | -11.6 | -7.7 | -5.2 | -15.3 |
| Price to sales | 4.1 | 3.8 | 3.6 | 4.8 | 16.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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