M 
108.40
-1.09%
Close of 9 Nov 2026, in CHF
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CHF, from our data supplier.
Revenue
CHF 269.3m
FY2016FY2025
Net income
CHF 8.3m
FY2016FY2025
Free cash flow
CHF 9.3m
FY2016FY2025
Shareholders' equity
CHF 275.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 269.3m | CHF 224.8m | CHF 212.0m | CHF 182.8m | CHF 159.9m | CHF 127.6m | CHF 130.1m | CHF 121.3m | CHF 105.0m | CHF 92.5m |
| Gross profit | CHF 204.3m | CHF 178.7m | CHF 167.6m | CHF 135.4m | CHF 121.6m | CHF 93.9m | CHF 101.3m | CHF 101.0m | CHF 87.6m | CHF 76.0m |
| Research and development | CHF 31.4m | CHF 43.1m | CHF 25.9m | CHF 23.5m | CHF 20.0m | CHF 16.2m | CHF 13.7m | CHF 13.2m | CHF 11.4m | CHF 9.5m |
| Operating income | CHF 1.9m | CHF 7.9m | CHF 9.1m | −CHF 5.1m | CHF 12.4m | CHF 3.1m | CHF 7.4m | CHF 6.1m | CHF 9.6m | CHF 7.2m |
| Net income | CHF 8.3m | CHF 3.5m | CHF 619,000 | −CHF 5.8m | CHF 6.8m | −CHF 943,565 | CHF 2.1m | CHF 4.2m | CHF 866,521 | CHF 3.3m |
| Diluted earnings per share | 0.67 | 0.28 | 0.05 | -0.49 | 0.58 | -0.08 | 0.18 | 0.37 | 0.07 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 559.9m | CHF 460.0m | CHF 349.5m | CHF 327.9m | CHF 298.2m | CHF 282.8m | CHF 288.5m | CHF 255.8m | CHF 130.5m | CHF 115.2m |
| Cash and short-term investments | CHF 33.0m | CHF 138.7m | CHF 25.2m | CHF 20.6m | CHF 82.6m | CHF 82.7m | CHF 99.6m | CHF 116.3m | CHF 2.0m | CHF 1.8m |
| Total liabilities | CHF 284.1m | CHF 190.3m | CHF 94.6m | CHF 90.1m | CHF 74.2m | CHF 69.8m | CHF 72.9m | CHF 37.6m | CHF 113.5m | CHF 98.1m |
| Debt | CHF 139.0m | CHF 129.4m | CHF 50.6m | CHF 52.0m | CHF 24.1m | CHF 27.2m | CHF 26.4m | CHF 3.4m | CHF 74.6m | CHF 64.7m |
| Shareholders' equity | CHF 275.9m | CHF 269.6m | CHF 255.0m | CHF 237.8m | CHF 224.0m | CHF 213.0m | CHF 215.6m | CHF 218.2m | CHF 17.0m | CHF 17.1m |
| Shares outstanding | 12m | 12m | 12m | 12m | 12m | 12m | 12m | 11m | 13m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CHF 34.8m | CHF 32.1m | CHF 20.0m | −CHF 3.9m | CHF 21.0m | CHF 12.6m | CHF 8.1m | CHF 6.4m | CHF 11.0m | CHF 11.9m |
| Capital spending | −CHF 25.5m | −CHF 7.2m | −CHF 14.9m | −CHF 18.8m | −CHF 10.4m | −CHF 13.1m | −CHF 19.4m | −CHF 14.5m | −CHF 8.8m | −CHF 8.5m |
| Free cash flow | CHF 9.3m | CHF 24.9m | CHF 5.0m | −CHF 22.7m | CHF 10.6m | −CHF 455,286 | −CHF 11.3m | −CHF 8.0m | CHF 2.2m | CHF 3.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 160.8m | CHF 146.2m | CHF 123.0m | CHF 113.3m | CHF 111.5m | CHF 108.8m | CHF 103.3m | CHF 94.4m |
| Gross profit | CHF 131.4m | CHF 106.5m | CHF 97.8m | CHF 89.1m | CHF 89.6m | CHF 87.8m | CHF 79.7m | CHF 75.6m |
| Operating income | CHF 13.1m | −CHF 8.2m | CHF 9.3m | −CHF 658,000 | −CHF 4.3m | CHF 8.6m | CHF 2.8m | −CHF 3.2m |
| Net income | CHF 5.1m | CHF 9.8m | −CHF 1.4m | CHF 963,000 | CHF 2.6m | CHF 1.5m | −CHF 848,041 | −CHF 5.8m |
| Diluted earnings per share | 0.41 | 0.79 | -0.12 | 0.08 | 0.21 | 0.12 | -0.07 | -0.49 |
| Cash from operations | CHF 5.0m | CHF 24.0m | CHF 6.0m | CHF 18.0m | CHF 9.0m | CHF 22.0m | −CHF 2.0m | — |
| Capital spending | −CHF 15.0m | −CHF 12.0m | −CHF 5.0m | −CHF 2.0m | −CHF 5.0m | −CHF 9.0m | −CHF 9.0m | −CHF 10.0m |
| Free cash flow | −CHF 10.0m | CHF 12.0m | CHF 1.0m | CHF 16.0m | CHF 4.0m | CHF 13.0m | −CHF 11.0m | — |
| Total assets | CHF 610.0m | CHF 559.9m | CHF 465.7m | CHF 460.0m | CHF 464.5m | CHF 349.5m | CHF 354.8m | CHF 327.9m |
| Cash and short-term investments | CHF 25.8m | CHF 33.0m | CHF 120.5m | CHF 138.7m | CHF 127.1m | CHF 25.2m | CHF 15.0m | CHF 20.6m |
| Debt | CHF 10.6m | CHF 139.0m | CHF 8.1m | CHF 102.9m | CHF 7.2m | CHF 6.8m | CHF 7.0m | CHF 6.1m |
| Shareholders' equity | CHF 281.9m | CHF 275.9m | CHF 261.2m | CHF 269.6m | CHF 272.6m | CHF 255.0m | CHF 265.0m | CHF 237.8m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 75.9% | 79.5% | 79.0% | 74.1% | 76.0% | 73.6% |
| Operating margin | 7.5% | 3.5% | 5.4% | -1.4% | 6.1% | -1.5% |
| Net margin | 3.1% | 1.6% | 0.3% | -3.2% | 4.3% | -0.7% |
| Return on equity | 3.0% | 1.3% | 0.2% | -2.4% | 3.1% | -0.4% |
| Return on assets | 1.5% | 0.8% | 0.2% | -1.8% | 2.3% | -0.3% |
| Free cash flow yield | 4.4% | 2.9% | 2.6% | 1.1% | 2.4% | 2.0% |
| Revenue growth | 19.8% | 6.0% | 16.0% | 14.4% | 25.3% | -1.9% |
| Earnings growth | 136.6% | 470.0% | -110.7% | -184.6% | -824.7% | -144.0% |
| Current ratio | 2.21x | 5.21x | 3.08x | 3.49x | 5.06x | 6.28x |
| Debt to equity | 0.50x | 0.38x | 0.03x | 0.03x | 0.02x | 0.02x |
| Equity ratio | 49.3% | 58.6% | 72.9% | 72.5% | 75.1% | 75.3% |
| Interest coverage | 2.71x | 1.16x | 6.62x | -0.53x | 6.61x | -1.40x |
| R&D as a share of sales | 11.7% | 19.2% | 12.2% | 12.9% | 12.5% | 12.7% |
| Buybacks as a share of market value | -0.4% | -0.3% | -4.4% | -0.2% | -0.3% | -0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.8% | 16.1% | 12.6% |
| Operating income | — | -9.2% | -16.8% |
| Net income | — | — | 1.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 77.5% | 77.2% | 76.6% | 78.2% |
| Operating margin | 2.0% | 1.6% | 2.5% | 4.2% |
| Net margin | 2.4% | 0.8% | 1.1% | 1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 133.2 | 198.9 | — | -167.8 | 225.0 | -580.4 | 239.0 | 150.4 |
| Price to sales | 4.1 | 3.1 | 4.9 | 5.3 | 9.6 | 4.3 | 3.9 | 5.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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