K 
3.80
-2.06%
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 25.3m
FY2016FY2025
Net income
−DKK 5.8m
FY2016FY2025
Free cash flow
−DKK 1.3m
FY2016FY2025
Shareholders' equity
−DKK 1.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 25.3m | DKK 20.3m | DKK 19.2m | DKK 16.7m | DKK 13.0m | DKK 7.5m | DKK 4.7m | DKK 3.5m | DKK 1.1m | DKK 74,333 |
| Research and development | DKK 2.1m | DKK 1.9m | DKK 1.5m | DKK 1.7m | DKK 689,000 | DKK 387,000 | — | — | — | — |
| Operating income | −DKK 7.1m | −DKK 12.1m | −DKK 9.6m | −DKK 22.0m | −DKK 24.2m | −DKK 15.2m | −DKK 9.5m | DKK 124,213 | −DKK 1.5m | −DKK 1.1m |
| Net income | −DKK 5.8m | −DKK 14.9m | −DKK 12.2m | −DKK 25.2m | −DKK 24.8m | −DKK 14.7m | −DKK 7.9m | DKK 3,554 | −DKK 1.2m | −DKK 912,492 |
| Diluted earnings per share | -0.24 | -0.64 | -0.60 | -1.56 | -1.60 | -0.97 | -0.45 | 0.00 | -0.05 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 25.7m | DKK 23.0m | DKK 23.9m | DKK 22.0m | DKK 36.0m | DKK 29.6m | DKK 13.9m | DKK 3.9m | DKK 2.8m | DKK 2.6m |
| Cash and short-term investments | DKK 370,000 | DKK 359,000 | DKK 1.8m | DKK 1.5m | DKK 17.1m | DKK 18.7m | DKK 6.2m | DKK 336 | DKK 496 | DKK 606 |
| Total liabilities | DKK 29.3m | DKK 25.4m | DKK 22.6m | DKK 33.4m | DKK 31.1m | DKK 3.2m | DKK 1.9m | DKK 3.1m | DKK 1.9m | DKK 421,165 |
| Debt | DKK 15.5m | DKK 15.5m | DKK 15.6m | DKK 26.7m | DKK 25.2m | DKK 36,000 | — | DKK 2.1m | DKK 991,061 | DKK 203,918 |
| Shareholders' equity | −DKK 1.9m | −DKK 1.5m | DKK 1.3m | −DKK 11.4m | DKK 4.9m | DKK 26.3m | DKK 12.0m | DKK 855,031 | DKK 931,477 | DKK 2.1m |
| Shares outstanding | 24m | 23m | 20m | 16m | 15m | 15m | 17m | 15m | 25m | 25m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −DKK 1.0m | −DKK 9.2m | −DKK 7.3m | −DKK 16.7m | −DKK 20.5m | −DKK 14.1m | −DKK 6.9m | DKK 478,712 | — | — |
| Capital spending | −DKK 245,000 | −DKK 2.9m | −DKK 2.5m | −DKK 4.6m | −DKK 4.7m | −DKK 3.4m | −DKK 2.1m | −DKK 1.1m | — | — |
| Free cash flow | −DKK 1.3m | −DKK 12.1m | −DKK 9.8m | −DKK 21.3m | −DKK 25.2m | −DKK 17.4m | −DKK 9.0m | −DKK 573,086 | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 7.2m | DKK 7.2m | DKK 6.5m | DKK 6.5m | DKK 6.1m | DKK 6.1m | DKK 5.4m | DKK 4.9m |
| Operating income | −DKK 319,500 | −DKK 319,500 | −DKK 1.8m | −DKK 1.8m | −DKK 1.3m | −DKK 1.3m | −DKK 2.7m | −DKK 2.5m |
| Net income | −DKK 1.6m | −DKK 1.6m | −DKK 431,500 | −DKK 431,500 | −DKK 2.5m | −DKK 2.5m | −DKK 3.4m | −DKK 3.1m |
| Diluted earnings per share | -0.06 | -0.06 | -0.02 | -0.02 | -0.10 | -0.10 | -0.15 | -0.13 |
| Cash from operations | DKK 1.0m | DKK 1.0m | — | — | — | — | −DKK 2.0m | — |
| Total assets | DKK 26.0m | DKK 26.0m | DKK 25.7m | DKK 25.7m | DKK 23.8m | DKK 23.8m | DKK 23.0m | DKK 23.0m |
| Cash and short-term investments | DKK 248,000 | DKK 248,000 | DKK 370,000 | DKK 370,000 | DKK 184,000 | DKK 184,000 | DKK 359,000 | DKK 301,000 |
| Debt | DKK 13.7m | DKK 3.8m | DKK 15.0m | DKK 5.6m | DKK 15.4m | DKK 4.4m | DKK 14.4m | DKK 16.1m |
| Shareholders' equity | −DKK 4.5m | −DKK 4.5m | −DKK 1.9m | −DKK 1.9m | −DKK 4.2m | −DKK 4.2m | −DKK 1.5m | −DKK 2.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.8% | 27.4% | — |
| Operating income | -31.5% | -14.1% | — |
| Net income | -38.6% | -16.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -11.9 | -6.1 | -7.0 | -4.7 | -6.6 | -32.9 | -27.2 |
| Price to sales | 2.8 | 4.5 | 4.4 | 7.0 | 12.6 | 64.0 | 45.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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