L 
0.15
—
Close of 2 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
—
FY2016FY2025
Net income
−PLN 996,000
FY2016FY2025
Free cash flow
−PLN 1.9m
FY2016FY2025
Shareholders' equity
PLN 1.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | PLN 1,000 | PLN 103,000 | PLN 25,000 | — | PLN 174.1m | PLN 293.5m | PLN 260.8m |
| Gross profit | — | — | −PLN 732,000 | −PLN 1.9m | PLN 103,000 | −PLN 121,000 | −PLN 311,000 | PLN 7.1m | PLN 22.7m | PLN 29.0m |
| Research and development | — | — | PLN 573,000 | PLN 941,000 | PLN 703,000 | PLN 349,000 | — | — | — | — |
| Operating income | −PLN 1.1m | −PLN 995,000 | −PLN 1.4m | −PLN 4.1m | −PLN 4.8m | −PLN 5.7m | −PLN 6.0m | PLN 2.5m | −PLN 85.4m | PLN 7.6m |
| Net income | −PLN 996,000 | −PLN 1.6m | −PLN 8.0m | −PLN 17.6m | −PLN 7.4m | −PLN 5.8m | −PLN 23.3m | −PLN 25.6m | −PLN 84.0m | PLN 452,000 |
| Diluted earnings per share | -0.01 | -0.01 | -0.09 | -0.14 | -0.06 | -0.50 | -2.01 | -2.21 | -7.25 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 13.0m | PLN 209,000 | PLN 303,000 | PLN 7.2m | PLN 16.1m | PLN 22.0m | PLN 37.6m | PLN 90.2m | PLN 206.4m | PLN 295.9m |
| Cash and short-term investments | PLN 510,000 | PLN 58,000 | PLN 67,000 | PLN 1.1m | PLN 7.4m | PLN 49,000 | PLN 1.2m | PLN 2.4m | PLN 14.4m | PLN 26.5m |
| Total liabilities | PLN 11.1m | PLN 3.5m | PLN 2.0m | PLN 5.5m | PLN 6.6m | PLN 16.4m | PLN 24.7m | PLN 56.3m | PLN 172.2m | PLN 166.0m |
| Debt | — | PLN 3.2m | PLN 1.4m | PLN 3.2m | PLN 875,000 | PLN 1.5m | PLN 9.1m | PLN 19.1m | PLN 110.8m | PLN 97.4m |
| Shareholders' equity | PLN 1.9m | −PLN 3.3m | −PLN 1.7m | PLN 1.6m | PLN 9.6m | PLN 1.6m | PLN 13.0m | PLN 33.9m | PLN 28.3m | PLN 127.1m |
| Shares outstanding | 160m | 129m | 89m | 125m | 120m | 12m | 12m | 12m | 12m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 1.9m | −PLN 1.6m | −PLN 3.8m | −PLN 15.9m | −PLN 4.9m | −PLN 1.3m | −PLN 9.6m | PLN 5.9m | PLN 9.5m | PLN 4.2m |
| Capital spending | — | — | — | −PLN 1.3m | −PLN 1.4m | −PLN 47,000 | −PLN 713,000 | −PLN 2.9m | −PLN 14.9m | −PLN 13.3m |
| Free cash flow | −PLN 1.9m | −PLN 1.6m | −PLN 3.8m | −PLN 17.1m | −PLN 6.2m | −PLN 1.3m | −PLN 10.3m | PLN 3.0m | −PLN 5.4m | −PLN 9.0m |
| Dividends paid | — | — | — | — | — | — | — | — | −PLN 2.3m | −PLN 5.8m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 14.3m | — | — | — | — | — | — | — |
| Gross profit | PLN 5.1m | — | — | — | — | — | — | — |
| Operating income | −PLN 566,800 | −PLN 257,000 | −PLN 318,000 | −PLN 280,000 | −PLN 294,000 | −PLN 291,000 | −PLN 275,000 | −PLN 257,000 |
| Net income | −PLN 1.8m | −PLN 81,000 | −PLN 227,000 | −PLN 273,000 | −PLN 415,000 | −PLN 298,000 | −PLN 372,000 | −PLN 479,000 |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | PLN 3.0m | — | — | — | — | — | — | — |
| Capital spending | −PLN 60.0m | — | — | — | — | — | — | — |
| Free cash flow | −PLN 57.0m | — | — | — | — | — | — | — |
| Total assets | PLN 87.3m | PLN 13.0m | PLN 12.3m | PLN 2.6m | PLN 372,000 | PLN 209,000 | PLN 343,000 | PLN 436,000 |
| Cash and short-term investments | PLN 2.0m | PLN 510,000 | PLN 558,000 | PLN 70,000 | PLN 205,000 | PLN 58,000 | PLN 66,000 | PLN 156,000 |
| Debt | — | — | — | — | — | PLN 3.2m | PLN 2.9m | PLN 2.6m |
| Shareholders' equity | PLN 59.9m | PLN 1.9m | PLN 2.0m | −PLN 285,000 | PLN 2,000 | −PLN 3.3m | −PLN 3.0m | −PLN 2.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -34.6% | -27.3% | -30.1% |
| Net income | -61.6% | -29.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -34.4 | -16.3 | -2.2 | -3.7 | -39.7 | -2.0 | -0.8 | -1.4 | -0.8 | 396.0 |
| Price to sales | — | — | — | — | — | 479.3 | — | 0.2 | 0.2 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Jul 2017.
| FY2017 | FY2016 | FY2002 | |
|---|---|---|---|
| Paid in the year | 0.002 | 0.005 | 0.004 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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