M 
1.48
—
Close of 9 Nov 2026, in DKK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in DKK, from our data supplier.
Revenue
DKK 92.3m
FY2019FY2025
Net income
−DKK 7.4m
FY2019FY2025
Free cash flow
−DKK 1.2m
FY2019FY2025
Shareholders' equity
DKK 8.4m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | DKK 92.3m | DKK 89.5m | DKK 83.5m | DKK 73.3m | DKK 56.3m | DKK 4.7m | DKK 6.6m |
| Research and development | — | DKK 779,000 | DKK 664,000 | DKK 517,000 | DKK 419,917 | DKK 365,283 | — |
| Operating income | −DKK 6.2m | −DKK 4.3m | −DKK 6.0m | −DKK 494,000 | −DKK 2.2m | −DKK 1.8m | DKK 137,387 |
| Net income | −DKK 7.4m | −DKK 4.5m | −DKK 6.0m | −DKK 2.5m | −DKK 3.7m | −DKK 2.1m | −DKK 178,606 |
| Diluted earnings per share | -2.98 | -0.27 | -0.36 | -0.15 | -1.38 | -0.15 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | DKK 39.6m | DKK 48.2m | DKK 53.2m | DKK 58.1m | DKK 60.2m | DKK 29.3m | DKK 26.5m |
| Cash and short-term investments | — | DKK 4.1m | DKK 7.0m | DKK 13.2m | DKK 23.6m | DKK 7,950 | DKK 50,538 |
| Total liabilities | DKK 31.2m | DKK 32.3m | DKK 32.9m | DKK 31.6m | DKK 31.2m | DKK 26.0m | DKK 21.1m |
| Debt | DKK 20.6m | DKK 24.0m | DKK 22.2m | DKK 22.8m | DKK 22.8m | DKK 21.2m | DKK 16.1m |
| Shareholders' equity | DKK 8.4m | DKK 15.9m | DKK 20.4m | DKK 26.5m | DKK 29.1m | DKK 3.3m | DKK 5.4m |
| Shares outstanding | 3m | 17m | 17m | 17m | 3m | 14m | 17m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −DKK 247,000 | −DKK 2.1m | −DKK 1.6m | DKK 4.3m | DKK 7.7m | DKK 379,020 | — |
| Capital spending | −DKK 974,000 | −DKK 1.4m | −DKK 3.2m | −DKK 11.1m | −DKK 8.7m | −DKK 4.2m | — |
| Free cash flow | −DKK 1.2m | −DKK 3.6m | −DKK 4.8m | −DKK 6.8m | −DKK 907,457 | −DKK 3.8m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 22.0m | DKK 19.8m | DKK 22.0m | DKK 25.6m | DKK 24.3m | DKK 20.4m | DKK 21.5m | DKK 23.9m |
| Operating income | DKK 157,000 | −DKK 2.7m | −DKK 2.2m | DKK 316,000 | −DKK 463,000 | −DKK 3.8m | −DKK 4.1m | −DKK 39,000 |
| Net income | −DKK 166,000 | −DKK 3.0m | −DKK 3.6m | DKK 25,000 | −DKK 607,000 | −DKK 3.2m | −DKK 3.1m | −DKK 309,000 |
| Diluted earnings per share | -0.01 | -0.18 | -1.46 | 0.01 | -0.24 | -1.28 | -0.19 | -0.02 |
| Cash from operations | — | −DKK 2.0m | −DKK 2.0m | DKK 3.0m | — | −DKK 1.0m | −DKK 2.0m | — |
| Total assets | DKK 39.0m | DKK 39.0m | DKK 39.6m | DKK 41.0m | DKK 49.4m | DKK 46.2m | DKK 48.2m | DKK 50.0m |
| Cash and short-term investments | — | — | — | −DKK 948,000 | DKK 5.9m | DKK 2.0m | DKK 4.1m | DKK 4.8m |
| Debt | DKK 22.7m | DKK 7.4m | DKK 20.6m | DKK 18.7m | DKK 26.9m | DKK 13.3m | DKK 24.0m | DKK 21.1m |
| Shareholders' equity | DKK 5.3m | DKK 5.5m | DKK 8.4m | DKK 12.1m | DKK 12.1m | DKK 12.7m | DKK 15.9m | DKK 19.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.0% | 81.2% | — |
| Operating income | 132.2% | 28.1% | — |
| Net income | 43.1% | 29.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -5.8% | -5.0% | -5.3% | — |
| Net margin | -6.6% | -6.1% | -6.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -0.4 | -12.5 | -7.3 | -25.7 | -5.9 |
| Price to sales | 0.0 | 0.6 | 0.5 | 0.9 | 0.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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