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At a glance
Figures in EUR, from our data supplier.
Revenue
€7.7m
FY2016FY2025
Net income
€15.3m
FY2016FY2025
Free cash flow
−€1.1m
FY2016FY2025
Shareholders' equity
−€9.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €7.7m | €4.7m | €9.2m | €11.3m | €11.6m | €8.1m | €6.1m | €4.7m | €4.8m | €2.6m |
| Gross profit | €2.0m | −€4.3m | €1.1m | €2.1m | €1.4m | −€641,700 | −€512,300 | −€165,446 | €651,422 | €176,155 |
| Research and development | €23,310 | €255,000 | €1.2m | €6.9m | €7.5m | €5.9m | €4.8m | €2.9m | €2.2m | €2.7m |
| Operating income | €18.7m | −€7.0m | −€5.1m | −€5.8m | −€4.1m | −€7.0m | −€6.2m | −€5.1m | −€1.6m | −€1.5m |
| Net income | €15.3m | −€15.4m | −€6.8m | −€6.4m | −€5.9m | −€6.0m | −€7.2m | −€12.1m | −€2.4m | −€2.0m |
| Diluted earnings per share | 8.29 | -10.01 | -4.46 | -4.25 | -3.98 | -4.08 | -4.91 | -7.79 | -1.53 | -1.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €6.0m | €8.2m | €14.6m | €22.3m | €21.3m | €23.5m | €19.5m | €5.3m | €9.3m | €4.9m |
| Cash and short-term investments | €1.0m | €1.7m | €2.6m | €8.2m | €5.8m | €9.2m | €12.0m | €1.7m | €6.0m | €2.0m |
| Total liabilities | €12.8m | €34.1m | €24.7m | €26.4m | €21.1m | €18.1m | €8.6m | €21.5m | €14.4m | €7.6m |
| Debt | €11.6m | €29.5m | €21.8m | €22.6m | €15.8m | €12.8m | €4.6m | €10.6m | €10.8m | €5.9m |
| Shareholders' equity | −€9.8m | −€26.2m | −€10.1m | −€4.2m | €191,400 | €5.4m | €10.9m | −€16.3m | −€5.0m | −€2.6m |
| Shares outstanding | 2m | 2m | 2m | 2m | 1m | 1m | 1m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€1.1m | −€2.4m | −€4.5m | −€5.2m | −€4.9m | −€6.9m | −€7.6m | −€4.3m | −€2.2m | −€2.5m |
| Capital spending | — | — | −€128,500 | −€227,600 | −€918,800 | −€4.0m | −€2.3m | −€229,083 | −€153,921 | −€112,526 |
| Free cash flow | −€1.1m | −€2.4m | −€4.7m | −€5.4m | −€5.8m | −€10.8m | −€10.0m | −€4.5m | −€2.3m | −€2.6m |
Latest quarters
By quarter end
| Jun 2025 | Mar 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €7.2m | €6.5m | €4.7m | €1.7m | €737,500 | €2.0m | €1.9m | €1.9m |
| Gross profit | €5.9m | — | €980,000 | €688,700 | −€1.5m | −€1.2m | €136,500 | €337,100 |
| Operating income | €21.0m | €22.2m | −€7.6m | −€1.3m | −€1.9m | −€729,300 | −€1.5m | −€1.5m |
| Net income | €20.7m | €22.1m | −€15.4m | −€8.7m | −€2.1m | −€1.2m | −€2.1m | −€1.5m |
| Diluted earnings per share | 11.65 | 11.98 | -8.67 | -5.65 | -1.38 | -0.78 | -1.37 | -0.95 |
| Cash from operations | — | — | — | — | — | — | −€1.0m | −€1.0m |
| Capital spending | — | — | — | — | — | — | −€1.0m | — |
| Free cash flow | — | — | — | — | — | — | −€2.0m | — |
| Total assets | €7.6m | — | €8.2m | €11.3m | €12.1m | €14.6m | €15.2m | €17.8m |
| Cash and short-term investments | €1.5m | — | €1.7m | €911,500 | €1.9m | €2.6m | €2.8m | €5.4m |
| Debt | €10.7m | — | €28.2m | €29.1m | €21.7m | €7.0m | €2.0m | €21.6m |
| Shareholders' equity | −€5.4m | — | −€26.2m | −€20.5m | −€11.8m | −€10.1m | −€9.1m | −€7.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.9% | -1.1% | 13.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -18.2% | 3.1% | 3.4% | 3.9% |
| Operating margin | 93.8% | 2.4% | -19.6% | -35.6% |
| Net margin | -0.9% | -40.4% | -47.9% | -68.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 2.3 | -1.5 | -3.9 | -7.9 | -13.2 | -17.4 | -12.2 |
| Price to sales | 4.6 | 4.9 | 2.9 | 4.5 | 6.7 | 12.9 | 14.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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