L 
3.36
-3.45%
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
€36.6m
FY2016FY2025
Net income
€782,000
FY2016FY2025
Free cash flow
€887,000
FY2016FY2025
Shareholders' equity
€14.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €36.6m | €36.9m | €41.7m | €47.3m | €31.6m | €25.8m | €34.6m | €30.9m | €30.7m | €35.3m |
| Research and development | €2.8m | — | €3.7m | €3.5m | €3.0m | €2.3m | €5.0m | €4.7m | €4.7m | €5.2m |
| Operating income | €1.0m | −€2.3m | €1.0m | €3.1m | €1.1m | −€1.1m | €1.7m | −€1.9m | −€5.3m | −€1.0m |
| Net income | €782,000 | −€3.6m | −€213,000 | €2.0m | −€113,000 | −€2.2m | €1.9m | −€2.0m | −€4.5m | €823,000 |
| Diluted earnings per share | 0.13 | -0.62 | -0.04 | 0.34 | -0.02 | -0.38 | 0.33 | -0.34 | -0.84 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €38.7m | €41.2m | €41.2m | €43.0m | €45.4m | €40.6m | €34.3m | €33.0m | €33.5m | €38.3m |
| Cash and short-term investments | €5.7m | €7.1m | €5.0m | €6.8m | €11.4m | €11.8m | €2.3m | €1.7m | €2.0m | €7.1m |
| Total liabilities | €24.0m | €26.9m | €23.2m | €24.6m | €29.1m | €24.4m | €15.9m | €16.2m | €17.0m | €16.9m |
| Debt | €10.7m | €12.4m | €8.6m | €8.6m | €11.9m | €13.5m | €5.6m | €6.5m | €7.3m | €7.6m |
| Shareholders' equity | €14.9m | €14.2m | €17.9m | €18.3m | €16.2m | €16.2m | €18.1m | €16.6m | €16.2m | €20.8m |
| Shares outstanding | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 5m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €5.5m | €5.7m | €5.1m | €4.9m | €6.2m | €6.8m | €4.7m | €2.0m | €3,000 | €3.2m |
| Capital spending | −€4.7m | −€6.1m | −€6.3m | −€5.6m | −€4.5m | −€4.1m | −€3.0m | −€3.6m | −€4.1m | −€4.1m |
| Free cash flow | €887,000 | −€327,000 | −€1.2m | −€643,000 | €1.7m | €2.7m | €1.6m | −€1.7m | −€4.1m | −€923,000 |
| Dividends paid | — | — | — | — | — | — | — | — | −€266,000 | −€266,000 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €17.1m | €16.9m | €19.7m | €19.3m | €17.6m | €20.7m | €21.0m | €11.9m |
| Operating income | −€816,000 | €1.7m | −€639,000 | −€919,000 | −€1.4m | €302,000 | €728,000 | €102,000 |
| Net income | −€1.5m | €1.9m | −€1.1m | −€1.6m | −€2.0m | €139,000 | −€352,000 | — |
| Diluted earnings per share | -0.26 | 0.32 | -0.19 | -0.28 | -0.34 | 0.02 | -0.06 | — |
| Cash from operations | — | €7.0m | −€1.0m | €3.0m | €1.0m | €2.0m | €2.0m | — |
| Capital spending | −€2.0m | −€2.0m | −€2.0m | −€3.0m | −€2.0m | −€3.0m | −€3.0m | — |
| Free cash flow | — | €5.0m | −€3.0m | €0 | −€1.0m | −€1.0m | −€1.0m | — |
| Total assets | €36.5m | €38.7m | €39.0m | €41.2m | €46.6m | €41.2m | €42.5m | — |
| Cash and short-term investments | €2.8m | €5.7m | €2.1m | €7.1m | €9.1m | €5.0m | €4.9m | — |
| Debt | €2.1m | €10.7m | €11.3m | €12.4m | €14.6m | €8.4m | €8.2m | €2.8m |
| Shareholders' equity | €13.4m | €14.9m | €13.1m | €14.2m | €15.8m | €17.9m | €17.8m | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.2% | 7.2% | 0.2% |
| Operating income | -30.8% | — | — |
| Net income | -26.7% | — | 3.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1.7% | 1.8% | 1.3% | -1.0% |
| Net margin | -3.8% | -0.6% | -1.5% | -1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.0 | -5.0 | -89.2 | 15.5 | -294.8 | -16.8 | 19.0 | -14.2 | -7.8 | 43.2 |
| Price to sales | 0.6 | 0.5 | 0.5 | 0.7 | 1.1 | 1.4 | 1.1 | 0.9 | 1.1 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Mar 2017.
| FY2017 | FY2016 | FY2015 | |
|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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