M 
20.70
0.00%
Close of 9 Nov 2026, in PLN
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 31.0m
FY2016FY2025
Net income
−PLN 11.7m
FY2016FY2025
Free cash flow
−PLN 2.1m
FY2016FY2025
Shareholders' equity
PLN 64.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 31.0m | PLN 24.0m | PLN 43.1m | PLN 62.7m | PLN 48.3m | PLN 111.7m | PLN 173.9m | PLN 199.4m | PLN 203.4m | PLN 127.9m |
| Research and development | — | — | PLN 936,000 | PLN 2.6m | PLN 2.6m | PLN 1.4m | PLN 1.3m | PLN 455,000 | PLN 716,000 | PLN 1.4m |
| Operating income | −PLN 11.5m | −PLN 16.5m | PLN 433,000 | PLN 17.2m | −PLN 4.4m | −PLN 37.5m | −PLN 146,000 | PLN 24.7m | PLN 41.8m | PLN 46.5m |
| Net income | −PLN 11.7m | −PLN 16.1m | −PLN 578,000 | −PLN 11.9m | −PLN 180.6m | −PLN 12.9m | −PLN 299,000 | PLN 14.4m | PLN 25.5m | PLN 40.1m |
| Diluted earnings per share | -1.17 | -1.62 | -0.11 | -2.22 | -39.73 | -3.00 | -0.07 | 3.98 | 7.07 | 11.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 111.1m | PLN 105.8m | PLN 121.6m | PLN 108.7m | PLN 114.4m | PLN 283.4m | PLN 283.3m | PLN 316.1m | PLN 289.3m | PLN 369.9m |
| Cash and short-term investments | PLN 2.7m | PLN 5.5m | PLN 25.5m | PLN 26.2m | PLN 11.7m | PLN 16.2m | PLN 11.1m | PLN 66.1m | PLN 36.8m | PLN 59.7m |
| Total liabilities | PLN 46.5m | PLN 28.6m | PLN 29.1m | PLN 28.7m | PLN 67.0m | PLN 76.0m | PLN 58.5m | PLN 85.3m | PLN 85.5m | PLN 154.9m |
| Debt | PLN 22.6m | PLN 4.1m | PLN 5.7m | PLN 9,000 | PLN 9.6m | PLN 39.4m | PLN 40.3m | PLN 66.2m | PLN 72.6m | PLN 77.4m |
| Shareholders' equity | PLN 64.6m | PLN 77.2m | PLN 92.6m | PLN 94.7m | PLN 47.4m | PLN 207.4m | PLN 195.8m | PLN 189.9m | PLN 168.9m | PLN 177.0m |
| Shares outstanding | 10m | 10m | 5m | 5m | 5m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 1.8m | −PLN 13.1m | PLN 182,000 | PLN 6.3m | −PLN 6.5m | −PLN 4.0m | PLN 13.5m | PLN 44.2m | PLN 28.6m | PLN 35.5m |
| Capital spending | −PLN 314,000 | −PLN 10.0m | −PLN 11.3m | −PLN 12.4m | −PLN 15.9m | −PLN 5.0m | −PLN 8.7m | −PLN 6.4m | −PLN 37.8m | −PLN 8.5m |
| Free cash flow | −PLN 2.1m | −PLN 23.0m | −PLN 11.1m | −PLN 6.0m | −PLN 22.4m | −PLN 9.0m | PLN 4.8m | PLN 37.8m | −PLN 9.2m | PLN 27.0m |
| Dividends paid | — | — | — | — | — | — | — | −PLN 5.1m | −PLN 11.6m | −PLN 6.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 10.8m | PLN 10.2m | PLN 10.1m | PLN 7.2m | PLN 7.0m | PLN 6.8m | PLN 5.9m | PLN 5.2m |
| Operating income | −PLN 400,000 | −PLN 373,000 | −PLN 632,000 | −PLN 4.0m | −PLN 2.0m | −PLN 4.1m | −PLN 5.1m | −PLN 1.7m |
| Net income | PLN 133,000 | −PLN 2.1m | −PLN 937,000 | −PLN 4.1m | −PLN 2.5m | −PLN 4.2m | −PLN 4.6m | −PLN 2.1m |
| Diluted earnings per share | 0.01 | -0.22 | -0.09 | -0.41 | -0.25 | -0.42 | -0.47 | -0.21 |
| Cash from operations | PLN 3.0m | PLN 1.0m | PLN 1.0m | — | −PLN 3.0m | — | −PLN 1.0m | −PLN 3.0m |
| Capital spending | — | −PLN 3.0m | — | — | — | −PLN 3.0m | −PLN 3.0m | −PLN 2.0m |
| Free cash flow | — | −PLN 2.0m | — | — | — | — | −PLN 4.0m | −PLN 5.0m |
| Total assets | PLN 114.7m | PLN 111.4m | PLN 111.1m | PLN 105.9m | PLN 104.9m | PLN 104.9m | PLN 105.8m | PLN 106.8m |
| Cash and short-term investments | PLN 2.5m | PLN 2.6m | PLN 2.7m | PLN 3.0m | PLN 2.7m | PLN 5.6m | PLN 5.5m | PLN 6.3m |
| Debt | PLN 6.1m | PLN 23.1m | PLN 19.7m | PLN 16.8m | PLN 12.2m | PLN 8.0m | PLN 4.1m | PLN 918,000 |
| Shareholders' equity | PLN 63.1m | PLN 62.9m | PLN 64.6m | PLN 65.9m | PLN 69.7m | PLN 72.6m | PLN 77.2m | PLN 81.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.9% | -22.6% | -4.5% |
| Operating income | — | -21.1% | — |
| Net income | -0.5% | -2.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -50.9% | -6.4% | -16.3% | 7.6% |
| Net margin | -50.5% | -25.0% | -72.8% | -13.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -28.6 | -10.5 | -279.6 | -5.5 | -0.5 | -7.6 | -213.2 | 6.6 | 28.2 | 27.7 |
| Price to sales | 10.8 | 7.0 | 3.8 | 1.0 | 1.8 | 0.9 | 0.4 | 0.5 | 3.5 | 8.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Jul 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|
| Paid in the year | 1.42 | 2.00 | 1.85 | 1.60 | 1.35 | 1.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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