I 
5.41
+0.37%
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
€481.3m
FY2016FY2025
Net income
€7.2m
FY2016FY2025
Free cash flow
€33.8m
FY2016FY2025
Shareholders' equity
€277.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €481.3m | €374.2m | €256.7m | €129.2m | €51.8m | €21.0m | €18.4m | €18.5m | €20.0m | €22.8m |
| Gross profit | €164.6m | €124.6m | €89.6m | €45.7m | €14.7m | €7.0m | €5.8m | €6.1m | €6.4m | €8.3m |
| Research and development | — | — | €870,000 | €1.4m | — | — | — | — | — | — |
| Operating income | €29.5m | €23.7m | €35.0m | €10.7m | €778,000 | €412,000 | −€2.2m | €450,000 | €613,000 | €849,000 |
| Net income | €7.2m | €91.7m | €16.0m | €33.1m | €1.0m | €795,000 | −€2.3m | −€2.0m | −€587,000 | €701,000 |
| Diluted earnings per share | 0.13 | 1.91 | 0.34 | 1.00 | 0.03 | 0.10 | -0.28 | -0.25 | -0.01 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €1.00bn | €791.2m | €801.0m | €208.3m | €83.9m | €17.1m | €16.3m | €18.9m | €21.0m | €21.4m |
| Cash and short-term investments | €163.7m | €158.4m | €156.7m | €33.9m | €16.6m | €4.6m | €3.1m | €3.2m | €1.9m | €2.9m |
| Total liabilities | €649.8m | €571.5m | €652.8m | €101.8m | €32.6m | €4.4m | €4.8m | €5.2m | €3.7m | €4.0m |
| Debt | €429.9m | €392.5m | €484.4m | €54.4m | €17.7m | €511,000 | €549,000 | — | — | €283,000 |
| Shareholders' equity | €277.1m | €219.2m | €146.3m | €105.1m | €51.3m | €12.6m | €11.5m | €13.7m | €17.3m | €17.4m |
| Shares outstanding | 54m | 48m | 46m | 33m | 31m | 8m | 8m | 8m | 56m | 56m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €45.1m | €24.1m | €34.2m | €1.0m | €1.9m | €2.7m | −€317,000 | €1.9m | −€788,000 | −€1.4m |
| Capital spending | −€11.4m | −€7.0m | −€8.8m | −€2.5m | −€527,000 | −€844,000 | −€71,000 | −€74,000 | −€290,000 | −€711,000 |
| Free cash flow | €33.8m | €17.2m | €25.4m | −€1.5m | €1.4m | €1.8m | −€388,000 | €1.9m | −€1.1m | −€2.2m |
| Dividends paid | — | −€3.0m | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €274.6m | €233.0m | €248.3m | €189.4m | €184.9m | €168.1m | €88.6m | €77.1m |
| Gross profit | €88.4m | €82.8m | €81.8m | €65.7m | €58.9m | €59.5m | €30.1m | €26.7m |
| Operating income | €17.9m | €7.5m | €22.0m | €9.8m | €14.4m | €16.2m | €14.4m | €4.3m |
| Net income | €5.4m | €3.8m | €11.4m | €79.1m | €12.6m | €7.3m | €8.7m | €27.8m |
| Diluted earnings per share | 0.10 | 0.07 | 0.21 | 1.65 | 0.26 | 0.16 | 0.19 | 0.84 |
| Cash from operations | €25.0m | €44.0m | — | €34.0m | −€2.0m | €40.0m | −€6.0m | €7.0m |
| Capital spending | −€6.0m | −€8.0m | −€3.0m | −€3.0m | −€3.0m | −€5.0m | −€2.0m | −€2.0m |
| Free cash flow | €19.0m | €36.0m | — | €31.0m | −€5.0m | €35.0m | −€8.0m | €5.0m |
| Total assets | €1.05bn | €1.00bn | €1.02bn | €791.2m | €753.0m | €809.6m | €219.0m | €208.3m |
| Cash and short-term investments | €129.1m | €163.7m | €161.1m | €158.4m | €53.5m | €156.7m | €22.9m | €33.8m |
| Debt | €190.1m | €171.4m | €223.5m | €137.5m | €142.3m | €237.7m | €50.6m | €52.8m |
| Shareholders' equity | €254.8m | €277.1m | €270.8m | €219.2m | €150.0m | €146.3m | €104.6m | €105.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 55.0% | 87.0% | 28.9% |
| Operating income | 40.1% | 135.0% | 35.7% |
| Net income | -39.7% | 55.6% | 21.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.8% | 34.2% | 34.0% | 33.6% |
| Operating margin | 6.2% | 8.0% | 7.6% | 7.1% |
| Net margin | 11.6% | 11.9% | 11.4% | 10.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 46.3 | 3.1 | 18.4 | 3.6 | 112.0 | 23.1 | -3.6 | -3.0 | -65.8 | 59.9 |
| Price to sales | 0.7 | 0.8 | 1.1 | 0.9 | 2.2 | 0.9 | 0.5 | 0.3 | 1.9 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 18 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2012 | FY2010 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.70 | 0.70 | 0.20 | 0.19 | 0.19 | 0.37 | 0.60 |
- 5-to-1 reverse split · 29 Feb 2008
- 5-to-1 reverse split · 31 Jan 2008
- 1-to-1 reverse split · 19 Mar 2001
- 2-to-1 reverse split · 29 Oct 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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