L 
9.16
+3.85%
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
€115.3m
FY2016FY2025
Net income
−€14.3m
FY2016FY2025
Free cash flow
€14.5m
FY2016FY2025
Shareholders' equity
€78.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €115.3m | €122.9m | €124.3m | €123.7m | €93.6m | €96.2m | €140.0m | €120.0m | €102.1m | €91.1m |
| Research and development | €18.1m | €15.2m | €14.4m | €16.5m | €13.3m | €11.0m | €12.6m | €11.7m | €11.1m | €11.4m |
| Operating income | −€9.9m | −€2.5m | €3.7m | €6.8m | €126,000 | €7.5m | €19.2m | €6.8m | €4.0m | −€6.7m |
| Net income | −€14.3m | −€4.5m | €1.8m | €1.4m | −€114,000 | €5.3m | €13.1m | €8.0m | €1.1m | −€8.8m |
| Diluted earnings per share | -0.59 | -0.18 | 0.07 | 0.06 | -0.00 | 0.22 | 0.54 | 0.33 | 0.05 | -0.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €111.1m | €131.6m | €148.5m | €138.4m | €132.2m | €121.7m | €128.0m | €128.8m | €116.6m | €116.9m |
| Cash and short-term investments | €10.0m | €5.1m | €10.7m | €12.8m | €15.2m | €20.1m | €31.9m | €3.7m | €3.3m | €3.6m |
| Total liabilities | €33.0m | €39.8m | €53.4m | €44.5m | €40.0m | €28.7m | €37.2m | €51.1m | €62.3m | €62.6m |
| Debt | €5.3m | €8.0m | €13.6m | €3.4m | €5.2m | €6.9m | €8.9m | €20.0m | €41.0m | €43.5m |
| Shareholders' equity | €78.1m | €91.8m | €95.1m | €93.9m | €92.2m | €92.9m | €90.8m | €77.7m | €54.2m | €54.3m |
| Shares outstanding | 24m | 24m | 24m | 24m | 24m | 24m | 24m | 24m | 24m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €15.3m | €8.4m | −€3.4m | €8.5m | €7.9m | €4.0m | €48.0m | €11.5m | €9.6m | €5.7m |
| Capital spending | −€780,000 | −€2.8m | −€7.7m | −€8.3m | −€8.7m | −€9.5m | −€5.8m | −€5.7m | −€6.6m | −€7.5m |
| Free cash flow | €14.5m | €5.6m | −€11.1m | €206,000 | −€764,000 | −€5.6m | €42.2m | €5.8m | €3.0m | −€1.8m |
| Dividends paid | — | — | — | — | −€2.5m | −€2.4m | −€2.4m | −€2.4m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €19.3m | €17.1m | €31.4m | €24.8m | €33.8m | €25.3m | €40.4m | €27.3m |
| Operating income | −€7.2m | −€7.0m | −€10.3m | −€1.6m | €2.2m | −€3.9m | €4.2m | −€1.2m |
| Net income | −€7.2m | −€7.4m | −€9.3m | −€2.1m | €1.4m | −€4.3m | €4.0m | −€1.6m |
| Diluted earnings per share | -0.29 | -0.30 | -0.38 | -0.09 | 0.06 | -0.18 | 0.16 | -0.06 |
| Cash from operations | −€2.0m | −€6.0m | €16.0m | €5.0m | −€3.0m | −€2.0m | €5.0m | €5.0m |
| Capital spending | −€1.0m | — | — | — | −€1.0m | −€1.0m | −€1.0m | −€1.0m |
| Free cash flow | −€3.0m | — | — | — | −€4.0m | −€3.0m | €4.0m | €4.0m |
| Total assets | €101.7m | €104.8m | €111.1m | €124.7m | €130.0m | €126.0m | €136.6m | €136.5m |
| Cash and short-term investments | €4.0m | €5.8m | €10.0m | €5.6m | €3.5m | €3.5m | €5.1m | €6.9m |
| Debt | €11.0m | €8.1m | €5.3m | €14.6m | €16.2m | €10.9m | €8.0m | €12.4m |
| Shareholders' equity | €63.9m | €71.0m | €78.1m | €87.0m | €88.0m | €87.4m | €91.8m | €87.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.3% | 3.7% | 2.8% |
| Operating income | — | — | 10.3% |
| Net income | — | — | 15.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -5.2% | -0.4% | 0.8% | 2.1% |
| Net margin | -7.9% | -3.2% | -1.6% | -0.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.4 | -48.5 | 138.9 | 170.7 | -4198.8 | 135.1 | 29.4 | 16.8 | 198.9 | -19.3 |
| Price to sales | 1.2 | 1.8 | 2.0 | 1.9 | 5.1 | 7.5 | 2.8 | 1.1 | 2.2 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 May 2021.
| FY2021 | FY2020 | FY2019 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.10 | 0.12 | 0.25 | 0.25 | 0.20 | 0.20 |
- 2-for-1 split · 24 Jun 2013
- 5-for-1 split · 31 Jul 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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