I 
3.44
+6.17%
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 942.6m
FY2017FY2025
Net income
−NOK 88.7m
FY2017FY2025
Free cash flow
NOK 105.9m
FY2017FY2025
Shareholders' equity
−NOK 4.5m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 942.6m | NOK 1.74bn | NOK 682.7m | NOK 66.8m | NOK 266,000 | — | NOK 29,690 | NOK 70,760 | NOK 56,350 |
| Research and development | NOK 139,000 | NOK 56,000 | NOK 1.9m | NOK 9.8m | NOK 13.2m | NOK 19.7m | — | — | — |
| Operating income | −NOK 11.0m | −NOK 94.6m | −NOK 20.8m | −NOK 47.8m | −NOK 56.2m | −NOK 31.0m | −NOK 13.1m | −NOK 2.5m | −NOK 2.1m |
| Net income | −NOK 88.7m | −NOK 142.8m | −NOK 79.8m | −NOK 62.7m | −NOK 106.2m | −NOK 31.2m | −NOK 13.5m | −NOK 2.7m | −NOK 2.2m |
| Diluted earnings per share | -0.68 | -1.09 | -0.61 | -0.48 | -0.90 | -0.26 | -0.10 | -0.02 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 1.29bn | NOK 1.10bn | NOK 779.1m | NOK 362.2m | NOK 332.3m | NOK 164.2m | NOK 22.0m | NOK 10.1m | NOK 8.9m |
| Cash and short-term investments | — | NOK 124.5m | NOK 51.7m | NOK 96.9m | NOK 124.2m | NOK 116.3m | NOK 8.0m | NOK 168,750 | NOK 764,220 |
| Total liabilities | NOK 1.15bn | NOK 918.1m | NOK 510.4m | NOK 99.0m | NOK 45.0m | NOK 29.5m | NOK 11.3m | NOK 6.6m | NOK 4.4m |
| Debt | NOK 1.3m | NOK 125.2m | NOK 91.1m | NOK 20.5m | NOK 16.1m | NOK 9.5m | NOK 4.9m | NOK 2.5m | NOK 2.5m |
| Shareholders' equity | −NOK 4.5m | NOK 182.0m | NOK 206.7m | NOK 263.2m | NOK 287.3m | NOK 134.6m | NOK 10.7m | NOK 3.5m | NOK 4.5m |
| Shares outstanding | 131m | 131m | 130m | 131m | 118m | 118m | 131m | 131m | 131m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NOK 112.7m | NOK 115.4m | NOK 90.5m | −NOK 27.8m | −NOK 57.7m | −NOK 26.8m | −NOK 11.2m | −NOK 1.7m | — |
| Capital spending | −NOK 6.8m | −NOK 21.2m | −NOK 15.4m | −NOK 23.9m | −NOK 51.3m | −NOK 17.5m | −NOK 226,620 | −NOK 2.8m | — |
| Free cash flow | NOK 105.9m | NOK 94.2m | NOK 75.0m | −NOK 51.7m | −NOK 108.9m | −NOK 44.3m | −NOK 11.4m | −NOK 4.5m | — |
| Dividends paid | — | — | −NOK 2.1m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 1.07bn | NOK 1.03bn | NOK 479.3m | NOK 715.1m | NOK 251.7m | NOK 321.9m | NOK 197.5m | NOK 163.3m |
| Operating income | NOK 35.4m | −NOK 50.9m | NOK 13.2m | −NOK 43.7m | −NOK 59.0m | −NOK 14.0m | NOK 7.6m | −NOK 14.3m |
| Net income | −NOK 44.1m | −NOK 78.4m | −NOK 6.2m | −NOK 64.5m | −NOK 53.0m | −NOK 60.6m | −NOK 12,000 | −NOK 19.2m |
| Diluted earnings per share | -0.34 | -0.60 | -0.05 | -0.49 | -0.41 | -0.46 | -0.00 | -0.15 |
| Cash from operations | NOK 20.0m | NOK 115.0m | NOK 80.0m | — | — | NOK 100.0m | NOK 4.0m | −NOK 14.0m |
| Capital spending | −NOK 5.0m | −NOK 21.0m | −NOK 17.0m | −NOK 15.0m | — | −NOK 5.0m | −NOK 2.0m | −NOK 7.0m |
| Free cash flow | NOK 15.0m | NOK 94.0m | NOK 63.0m | — | — | NOK 95.0m | NOK 2.0m | −NOK 21.0m |
| Total assets | NOK 1.44bn | NOK 1.10bn | NOK 1.19bn | NOK 1.08bn | NOK 896.0m | NOK 779.1m | NOK 553.5m | NOK 389.6m |
| Cash and short-term investments | NOK 145.0m | NOK 124.5m | NOK 147.5m | NOK 99.4m | NOK 138.5m | — | NOK 46.9m | NOK 56.9m |
| Debt | NOK 537.0m | NOK 125.2m | NOK 398.5m | NOK 315.9m | NOK 308.0m | NOK 14.2m | NOK 41.0m | NOK 29.2m |
| Shareholders' equity | NOK 177.5m | NOK 182.0m | NOK 258.4m | NOK 231.4m | NOK 238.0m | NOK 206.7m | NOK 240.2m | NOK 240.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 141.6% | — | — |
| Operating income | -38.8% | -18.8% | — |
| Net income | 12.2% | 23.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -4.7 | -2.1 | -5.0 | -3.8 | -3.6 | -28.1 |
| Price to sales | 0.4 | 0.2 | 0.6 | 3.5 | — | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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