I 
2.40
+10.09%
Close of 9 Nov 2026, in SEK
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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.
Net income
−DKK 14.0m
FY2016FY2025
Free cash flow
−DKK 36.4m
FY2016FY2025
Shareholders' equity
DKK 29.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −DKK 14.8m | −DKK 11,073 | −DKK 15,443 | −DKK 25,338 | −DKK 14,265 | −DKK 6,134 | −DKK 5,518 | −DKK 7,545 | −DKK 5,396 | −DKK 693 |
| Research and development | DKK 4.2m | DKK 1,778 | DKK 10,089 | DKK 17,375 | DKK 7,788 | DKK 3,426 | DKK 4,128 | DKK 5,716 | DKK 4,016 | — |
| Operating income | −DKK 18.2m | DKK 319,164 | DKK 2.4m | −DKK 27.5m | DKK 757,062 | −DKK 6,946 | −DKK 6,160 | −DKK 8,317 | −DKK 6,306 | −DKK 878 |
| Net income | −DKK 14.0m | −DKK 12,932 | −DKK 15,087 | −DKK 25.4m | −DKK 13.9m | −DKK 5.7m | −DKK 5.5m | −DKK 6.8m | −DKK 5.7m | −DKK 588,365 |
| Diluted earnings per share | -0.20 | -0.00 | -0.00 | -0.61 | -0.32 | -0.21 | -0.21 | -0.36 | -0.50 | -0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 33.0m | DKK 15.3m | DKK 19.6m | DKK 31.9m | DKK 35.4m | DKK 10.3m | DKK 7.5m | DKK 11.4m | DKK 6.1m | DKK 371,356 |
| Cash and short-term investments | DKK 26.3m | DKK 13.4m | DKK 16.1m | DKK 25.7m | DKK 22.5m | DKK 8.9m | DKK 4.9m | DKK 9.4m | DKK 4.6m | DKK 110,154 |
| Total liabilities | DKK 3.4m | DKK 510,000 | DKK 12.3m | DKK 9.4m | DKK 12.3m | DKK 787,565 | DKK 1.0m | DKK 499,978 | DKK 2.2m | DKK 616,068 |
| Debt | DKK 2.2m | — | DKK 10.2m | DKK 8.3m | DKK 8.8m | — | — | — | — | — |
| Shareholders' equity | DKK 29.6m | DKK 14.8m | DKK 7.4m | DKK 22.4m | DKK 23.1m | DKK 9.5m | DKK 6.5m | DKK 10.9m | DKK 3.9m | −DKK 244,712 |
| Shares outstanding | 68m | 56m | 58m | 42m | 44m | 27m | 26m | 19m | 11m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −DKK 18.2m | −DKK 12.1m | −DKK 11.6m | −DKK 21.6m | −DKK 22.5m | −DKK 5.3m | −DKK 5.6m | −DKK 9.0m | −DKK 5.1m | −DKK 117,409 |
| Capital spending | −DKK 18.2m | — | — | — | — | — | — | — | −DKK 87,067 | −DKK 116,750 |
| Free cash flow | −DKK 36.4m | −DKK 12.1m | −DKK 11.6m | −DKK 21.6m | −DKK 22.5m | −DKK 5.3m | −DKK 5.6m | −DKK 9.0m | −DKK 5.2m | −DKK 234,159 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | −DKK 8.5m | −DKK 11.2m | −DKK 6.2m | −DKK 3.8m | −DKK 2.7m | −DKK 2.1m | −DKK 1.3m | −DKK 1.7m |
| Operating income | −DKK 9.5m | −DKK 11.4m | −DKK 7.0m | −DKK 4.3m | −DKK 3.8m | −DKK 2.7m | −DKK 1.8m | −DKK 2.1m |
| Net income | −DKK 9.5m | −DKK 11.3m | −DKK 3.0m | −DKK 4.3m | −DKK 3.9m | −DKK 2.7m | −DKK 561,321 | −DKK 2.1m |
| Diluted earnings per share | -0.14 | -0.17 | -0.04 | -0.06 | -0.06 | -0.04 | -0.01 | -0.04 |
| Cash from operations | −DKK 5.0m | −DKK 11.0m | −DKK 2.0m | −DKK 4.0m | — | — | DKK 1.0m | −DKK 1.0m |
| Capital spending | — | — | −DKK 2.0m | — | — | — | — | — |
| Free cash flow | — | — | −DKK 4.0m | — | — | — | — | — |
| Total assets | DKK 20.9m | DKK 26.8m | DKK 33.0m | DKK 36.8m | DKK 13.8m | DKK 13.2m | DKK 15.3m | DKK 11.3m |
| Cash and short-term investments | DKK 17.1m | DKK 19.9m | DKK 26.3m | DKK 28.7m | DKK 4.7m | DKK 10.8m | DKK 13.4m | DKK 7.9m |
| Debt | DKK 9.7m | DKK 7.5m | DKK 2.1m | DKK 2.1m | DKK 2.2m | — | — | — |
| Shareholders' equity | DKK 8.5m | DKK 18.1m | DKK 29.6m | DKK 32.5m | DKK 8.3m | DKK 12.1m | DKK 14.8m | DKK 10.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -12.9% | 382.7% | — |
| Net income | -18.0% | 19.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.0 | -20538.4 | -24400.3 | -6.9 | -17.8 | -14.8 | -24.6 | -5.1 | -3.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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