N 
10.30
+0.49%
Close of 9 Nov 2026, in NOK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in NOK, from our data supplier.
Revenue
NOK 565.4m
FY2016FY2025
Net income
−NOK 23.5m
FY2016FY2025
Free cash flow
NOK 23.2m
FY2016FY2025
Shareholders' equity
NOK 334.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 565.4m | NOK 531.4m | NOK 512.0m | NOK 382.1m | NOK 278.4m | NOK 209.9m | NOK 188.8m | NOK 184.0m | NOK 257.9m | NOK 274.3m |
| Gross profit | NOK 220.3m | NOK 208.9m | NOK 199.1m | NOK 163.5m | NOK 111.7m | NOK 70.3m | NOK 57.6m | NOK 61.4m | NOK 70.3m | NOK 70.0m |
| Operating income | NOK 17.1m | NOK 31.8m | NOK 23.6m | NOK 50.8m | NOK 4.9m | −NOK 4.9m | −NOK 13.4m | NOK 13.2m | −NOK 14.4m | −NOK 14.6m |
| Net income | −NOK 23.5m | NOK 1.3m | NOK 3.3m | NOK 29.4m | NOK 618,000 | −NOK 16.5m | −NOK 16.3m | NOK 7.3m | −NOK 15.5m | −NOK 10.7m |
| Diluted earnings per share | -0.99 | 0.07 | 0.19 | 1.71 | 0.04 | -1.08 | -1.38 | 0.67 | -1.14 | -0.78 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 741.7m | NOK 491.2m | NOK 524.3m | NOK 382.8m | NOK 330.2m | NOK 260.0m | NOK 187.1m | NOK 214.7m | NOK 247.3m | NOK 287.7m |
| Cash and short-term investments | NOK 81.9m | NOK 53.5m | NOK 38.0m | NOK 64.4m | NOK 51.7m | NOK 38.8m | NOK 11.4m | NOK 11.0m | NOK 30.2m | NOK 26.8m |
| Total liabilities | NOK 407.7m | NOK 250.8m | NOK 301.9m | NOK 173.1m | NOK 178.9m | NOK 130.6m | NOK 107.8m | NOK 115.4m | NOK 150.6m | NOK 181.9m |
| Debt | NOK 165.0m | NOK 139.9m | NOK 173.7m | NOK 62.7m | NOK 69.5m | NOK 42.6m | NOK 43.9m | NOK 32.6m | NOK 12.2m | NOK 58.9m |
| Shareholders' equity | NOK 334.1m | NOK 240.4m | NOK 222.4m | NOK 209.7m | NOK 151.2m | NOK 129.5m | NOK 79.2m | NOK 99.3m | NOK 96.7m | NOK 105.7m |
| Shares outstanding | 24m | 18m | 17m | 17m | 16m | 15m | 12m | 11m | 14m | 14m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NOK 25.6m | NOK 39.4m | NOK 2.2m | NOK 17.9m | −NOK 1.3m | −NOK 3.2m | NOK 12.7m | −NOK 36.0m | NOK 59.1m | −NOK 14.5m |
| Capital spending | −NOK 2.4m | −NOK 3.3m | −NOK 2.2m | −NOK 2.3m | −NOK 728,000 | −NOK 5.0m | −NOK 721,408 | −NOK 2.2m | −NOK 7.1m | −NOK 1.7m |
| Free cash flow | NOK 23.2m | NOK 36.0m | −NOK 19,000 | NOK 15.7m | −NOK 2.0m | −NOK 8.2m | NOK 12.0m | −NOK 38.2m | NOK 52.0m | −NOK 16.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 140.3m | NOK 137.9m | NOK 157.1m | NOK 138.9m | NOK 137.3m | NOK 132.0m | NOK 131.2m | NOK 123.1m |
| Gross profit | NOK 53.8m | NOK 54.4m | NOK 63.3m | NOK 42.9m | NOK 51.2m | NOK 53.8m | NOK 44.3m | NOK 41.8m |
| Operating income | −NOK 3.8m | NOK 1.8m | −NOK 2.8m | NOK 2.1m | NOK 6.3m | NOK 9.2m | −NOK 14.4m | NOK 4.8m |
| Net income | −NOK 8.5m | −NOK 117,000 | −NOK 11.1m | −NOK 3.5m | −NOK 1.5m | −NOK 7.5m | −NOK 20.2m | NOK 2.7m |
| Diluted earnings per share | -0.36 | -0.00 | -0.47 | -0.15 | -0.06 | -0.31 | -1.14 | 0.15 |
| Cash from operations | NOK 5.0m | NOK 1.0m | NOK 25.0m | NOK 9.0m | — | NOK 9.0m | NOK 3.0m | NOK 29.0m |
| Capital spending | — | — | −NOK 2.0m | — | — | — | −NOK 3.0m | — |
| Free cash flow | — | — | NOK 23.0m | — | — | — | NOK 0 | — |
| Total assets | NOK 656.6m | NOK 690.0m | NOK 741.7m | NOK 712.9m | NOK 485.5m | NOK 484.4m | NOK 491.2m | NOK 527.5m |
| Cash and short-term investments | — | — | NOK 83.5m | NOK 59.6m | NOK 46.4m | NOK 40.3m | NOK 53.5m | NOK 48.1m |
| Debt | NOK 149.3m | NOK 170.6m | NOK 165.0m | NOK 311.7m | NOK 111.3m | NOK 111.9m | NOK 118.6m | NOK 144.3m |
| Shareholders' equity | NOK 306.1m | NOK 312.9m | NOK 334.1m | NOK 209.7m | NOK 216.6m | NOK 214.3m | NOK 240.4m | NOK 264.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.9% | 21.9% | 8.6% |
| Operating income | -30.4% | — | — |
| Net income | — | 7.4% | 8.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.1% | 39.8% | 39.3% | 35.6% |
| Operating margin | 4.5% | 6.2% | 5.0% | 2.5% |
| Net margin | -2.0% | 0.5% | -0.2% | -1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -24.0 | 352.5 | 192.8 | 20.4 | — | -17.7 | -13.4 | 16.3 | -8.2 | -15.0 |
| Price to sales | 1.0 | 0.9 | 1.2 | 1.6 | 2.0 | 1.4 | 1.1 | 0.7 | 0.5 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Apr 2010.
| FY2010 | |
|---|---|
| Paid in the year | 0.998 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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