M 
1.36
0.00%
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
€144.6m
FY2016FY2025
Net income
−€5.3m
FY2016FY2025
Free cash flow
€2.1m
FY2016FY2025
Shareholders' equity
€54.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €144.6m | €171.2m | €249.9m | €206.2m | €164.7m | €164.0m | €226.4m | €282.8m | €250.6m | €237.5m |
| Gross profit | €49.8m | €72.1m | €110.2m | €91.2m | €78.0m | €78.4m | €105.0m | €123.8m | €112.0m | €104.1m |
| Research and development | — | €561,000 | €4.4m | €4.2m | €4.5m | €5.2m | €4.1m | €3.6m | €3.5m | €2.9m |
| Operating income | −€1.6m | −€2.3m | €9.4m | €3.0m | −€8.3m | −€13.9m | €20.0m | €12.3m | €9.0m | €6.3m |
| Net income | −€5.3m | −€3.9m | €4.4m | €1.2m | −€4.0m | −€7.5m | €16.7m | €7.2m | €7.0m | €4.5m |
| Diluted earnings per share | -0.18 | -0.12 | 0.15 | 0.04 | -0.13 | -0.25 | 0.56 | 0.24 | 0.23 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €134.1m | €137.6m | €202.4m | €210.5m | €183.9m | €171.5m | €207.0m | €171.1m | €152.7m | €153.8m |
| Cash and short-term investments | €306,000 | €2.3m | €4.0m | €2.8m | €6.9m | €4.5m | €16.3m | €3.2m | €8.9m | €4.8m |
| Total liabilities | €79.3m | €77.1m | €127.5m | €138.8m | €115.8m | €103.0m | €130.3m | €105.8m | €96.0m | €102.0m |
| Debt | €20.0m | €20.3m | €85.3m | €91.1m | €81.4m | €72.2m | €97.3m | €70.6m | €61.8m | €66.8m |
| Shareholders' equity | €54.8m | €60.5m | €74.9m | €71.7m | €68.0m | €68.6m | €76.9m | €65.5m | €56.8m | €51.9m |
| Shares outstanding | 29m | 32m | 30m | 30m | 30m | 30m | 30m | 30m | 30m | 30m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €4.8m | €4.2m | €21.1m | €1.9m | −€3.2m | €18.2m | €6.0m | €1.1m | €5.9m | €7.1m |
| Capital spending | −€2.7m | −€6.1m | −€9.4m | −€9.2m | −€10.2m | −€7.6m | −€13.0m | −€12.1m | −€7.1m | −€8.1m |
| Free cash flow | €2.1m | −€1.9m | €11.7m | −€7.4m | −€13.4m | €10.7m | −€7.0m | −€11.0m | −€1.3m | −€1.0m |
| Dividends paid | — | — | — | — | — | — | −€2.7m | −€897,000 | −€897,000 | −€897,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €75.8m | €105.5m | €39.1m | €62.1m | €109.2m | €120.9m | €65.9m | €109.1m |
| Gross profit | €12.7m | €34.0m | €15.8m | €19.0m | €27.0m | €18.3m | €33.0m | €12.3m |
| Operating income | €2.0m | −€2.3m | €854,000 | €636,000 | €674,000 | €1.5m | €5.3m | −€1.5m |
| Net income | €113,000 | −€5.2m | −€112,000 | −€5.9m | €1.4m | €398,000 | €3.7m | −€1.4m |
| Diluted earnings per share | 0.00 | -0.18 | -0.00 | -0.19 | 0.04 | 0.01 | 0.12 | -0.05 |
| Cash from operations | €7.0m | €2.0m | €1.0m | −€2.0m | €6.0m | €8.0m | €9.0m | €2.0m |
| Capital spending | −€4.0m | −€1.0m | −€1.0m | −€4.0m | −€10.0m | −€4.0m | −€4.0m | −€6.0m |
| Free cash flow | €3.0m | €1.0m | €0 | −€6.0m | −€4.0m | €4.0m | €5.0m | −€4.0m |
| Total assets | €146.8m | €134.1m | €136.1m | €137.6m | €190.1m | €202.4m | €216.6m | €210.5m |
| Cash and short-term investments | €583,000 | €306,000 | €566,000 | €2.3m | €2.9m | €2.5m | €4.8m | €2.3m |
| Debt | €23.2m | €10.7m | €8.0m | €17.4m | — | €34.2m | €84.0m | €88.3m |
| Shareholders' equity | €55.0m | €54.8m | €59.3m | €60.5m | €66.5m | €64.8m | €75.5m | €71.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.1% | -2.5% | -6.2% |
| Operating income | — | -34.8% | — |
| Net income | — | -6.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 38.6% | 41.9% | 43.6% | 43.5% |
| Operating margin | -1.3% | 1.1% | -1.3% | 1.8% |
| Net margin | -2.9% | -0.5% | -1.4% | 1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.9 | -10.7 | 12.3 | 37.4 | -10.6 | -6.1 | 3.5 | 11.1 | 17.3 | 17.1 |
| Price to sales | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.5 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Jun 2019.
| FY2019 | FY2018 | FY2007 | |
|---|---|---|---|
| Paid in the year | 0.03 | 0.03 | 0.20 |
- 3-for-2 split · 28 Dec 2007
- 4-for-3 split · 26 Sept 2006
- 7-for-4 split · 30 Sept 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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