I 
1.31
+3.97%
Close of 9 Nov 2026, in EUR
Search any instrument
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
€2.8m
FY2016FY2025
Net income
−€49.2m
FY2016FY2025
Free cash flow
−€52.9m
FY2016FY2025
Shareholders' equity
−€21.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €2.8m | €12.6m | €51.9m | €49.6m | €12.1m | €69.8m | €69.0m | €79.9m | €32.6m | €56.2m |
| Research and development | €43.6m | €52.0m | €56.0m | €51.7m | €47.0m | €49.7m | €1.6m | €69.6m | €67.0m | €48.6m |
| Operating income | −€57.4m | −€51.6m | −€12.7m | −€65.7m | −€47.8m | €1.1m | −€27.1m | €5.1m | −€47.8m | €7.6m |
| Net income | −€49.2m | −€49.5m | −€7.6m | −€58.1m | −€52.8m | −€64.0m | −€20.8m | €3.0m | −€48.4m | €12.6m |
| Diluted earnings per share | -0.54 | -0.61 | -0.09 | -0.72 | -0.66 | -0.81 | -0.32 | 0.05 | -0.88 | 0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €62.7m | €111.1m | €184.2m | €207.9m | €267.5m | €307.4m | €401.4m | €451.2m | €255.0m | €281.6m |
| Cash and short-term investments | €34.3m | €80.8m | €92.5m | €101.5m | €119.8m | €151.6m | €218.9m | €167.5m | €116.1m | €197.7m |
| Total liabilities | €84.4m | €102.2m | €132.3m | €153.7m | €160.1m | €151.4m | €183.9m | €284.0m | €169.1m | €195.4m |
| Debt | €22.6m | €31.4m | €39.9m | €42.3m | €77.2m | €63.9m | €18.7m | €15.2m | €5.9m | €5.3m |
| Shareholders' equity | −€21.7m | €8.8m | €51.9m | €54.2m | €107.4m | €156.0m | €217.4m | €167.2m | €86.0m | €86.2m |
| Shares outstanding | 91m | 81m | 81m | 80m | 80m | 79m | 66m | 60m | 55m | 55m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€52.8m | −€6.9m | −€32.6m | −€19.2m | −€58.5m | −€51.8m | €34.9m | −€32.5m | −€48.1m | −€36.9m |
| Capital spending | −€140,000 | −€391,000 | −€2.4m | −€1.1m | −€1.3m | −€11.3m | −€65.4m | −€1.4m | −€6.0m | −€9.4m |
| Free cash flow | −€52.9m | −€7.3m | −€34.9m | −€20.3m | −€59.8m | −€63.1m | −€30.5m | −€34.0m | −€54.1m | −€46.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €3.1m | −€2.1m | −€2.1m | €4.9m | €276,000 | €7.8m | €12.3m | €6.2m |
| Operating income | −€21.6m | −€28.0m | −€31.9m | −€25.4m | −€25.3m | −€25.3m | −€26.3m | −€13.2m |
| Net income | −€19.6m | −€27.6m | −€27.8m | −€21.3m | −€24.7m | −€24.7m | −€24.8m | −€12.4m |
| Diluted earnings per share | -0.21 | -0.30 | -0.30 | -0.23 | -0.27 | -0.30 | -0.30 | -0.15 |
| Cash from operations | −€21.0m | −€23.0m | −€21.0m | −€31.0m | −€9.0m | −€9.0m | €3.0m | €1.0m |
| Total assets | €34.7m | €62.7m | €62.7m | €92.9m | €111.1m | €111.1m | €151.5m | €151.5m |
| Cash and short-term investments | €10.9m | €34.3m | €34.3m | €60.0m | €80.8m | €80.8m | €91.8m | €91.8m |
| Debt | €10.8m | €8.8m | €22.6m | €27.0m | €8.7m | €72.4m | €77.4m | €8.9m |
| Shareholders' equity | −€40.5m | −€21.7m | −€21.7m | €5.1m | €8.8m | €8.8m | €28.8m | €28.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -61.7% | -47.5% | -17.0% |
| Operating income | -4.4% | — | 18.2% |
| Net income | -5.4% | -5.1% | 22.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -706.9% | -160.2% | -117.7% | -67.6% |
| Net margin | -640.2% | -140.5% | -141.4% | -75.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.0 | -3.2 | -27.9 | -4.5 | -6.7 | -4.3 | -18.9 | 146.2 | -5.4 | 38.3 |
| Price to sales | 52.5 | 12.4 | 4.1 | 5.3 | 29.2 | 3.9 | 5.7 | 5.6 | 8.0 | 8.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.