N 
2.28
-0.87%
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 7.7m
FY2016FY2025
Net income
−DKK 16.6m
FY2016FY2025
Free cash flow
—
FY2016FY2025
Shareholders' equity
−DKK 3.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 7.7m | DKK 9.9m | DKK 11.5m | DKK 7.8m | DKK 13.4m | DKK 7.2m | DKK 6.2m | DKK 7.0m | DKK 8.5m | DKK 8.1m |
| Research and development | — | — | — | DKK 1.5m | DKK 1.4m | DKK 629,334 | — | — | — | — |
| Operating income | −DKK 11.9m | −DKK 9.2m | −DKK 7.7m | −DKK 17.6m | −DKK 16.7m | −DKK 887,667 | DKK 99,709 | DKK 20,787 | DKK 66,778 | DKK 96,897 |
| Net income | −DKK 16.6m | −DKK 16.6m | −DKK 9.3m | −DKK 21.6m | −DKK 17.8m | −DKK 2.0m | DKK 69,722 | DKK 8,770 | DKK 55,548 | DKK 12,772 |
| Diluted earnings per share | -0.67 | -0.73 | -0.50 | -1.54 | -1.65 | -0.18 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 18.3m | DKK 21.4m | DKK 19.3m | DKK 20.7m | DKK 43.8m | DKK 21.2m | DKK 2.2m | DKK 2.0m | DKK 2.9m | DKK 2.7m |
| Cash and short-term investments | DKK 113,000 | DKK 96,000 | DKK 38,000 | DKK 453,000 | DKK 3.7m | DKK 12,186 | DKK 959,012 | DKK 899,419 | DKK 733,257 | DKK 1.4m |
| Total liabilities | DKK 21.4m | DKK 16.8m | DKK 12.9m | DKK 19.2m | DKK 21.6m | DKK 16.7m | DKK 1.5m | DKK 1.4m | DKK 2.3m | DKK 2.1m |
| Debt | DKK 17.9m | DKK 12.3m | DKK 8.9m | DKK 15.4m | DKK 15.0m | DKK 10.4m | — | — | — | — |
| Shareholders' equity | −DKK 3.2m | DKK 4.7m | DKK 6.4m | DKK 1.5m | DKK 14.0m | DKK 4.5m | DKK 666,364 | DKK 596,642 | DKK 587,872 | DKK 544,520 |
| Shares outstanding | 25m | 23m | 19m | 14m | 11m | 11m | 26m | 26m | 26m | 26m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | — | — | DKK 7.2m | DKK 6.9m | DKK 4.2m | — | — | — | — |
| Free cash flow | — | — | — | DKK 7.2m | DKK 6.9m | DKK 4.2m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 2.5m | DKK 2.7m | DKK 1.5m | DKK 1.4m | DKK 2.4m | DKK 2.4m | DKK 4.2m | DKK 1.9m |
| Operating income | −DKK 1.5m | −DKK 1.9m | −DKK 2.6m | −DKK 3.5m | −DKK 2.8m | −DKK 3.0m | −DKK 915,000 | −DKK 2.8m |
| Net income | −DKK 2.1m | −DKK 1.4m | −DKK 3.0m | −DKK 3.8m | −DKK 5.5m | −DKK 4.4m | DKK 743,000 | −DKK 12.2m |
| Diluted earnings per share | -0.08 | -0.06 | -0.12 | -0.15 | -0.22 | -0.17 | 0.03 | -0.54 |
| Cash from operations | — | — | — | −DKK 3.0m | — | — | — | −DKK 2.0m |
| Total assets | DKK 16.7m | DKK 18.8m | DKK 18.3m | DKK 17.4m | DKK 19.0m | DKK 21.8m | DKK 21.4m | DKK 18.7m |
| Cash and short-term investments | — | — | DKK 113,000 | — | −DKK 120,000 | — | DKK 96,000 | DKK 173,000 |
| Debt | DKK 5.3m | — | DKK 3.9m | — | DKK 6.6m | — | DKK 12.3m | DKK 5.3m |
| Shareholders' equity | −DKK 7.6m | −DKK 5.2m | −DKK 3.2m | −DKK 239,000 | −DKK 2.4m | DKK 1.2m | DKK 4.7m | −DKK 6.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.5% | 1.4% | — |
| Operating income | -12.2% | 68.1% | — |
| Net income | -8.4% | 52.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -3.5 | -6.4 | -5.3 | -1.2 | -2.3 |
| Price to sales | 7.4 | 10.7 | 4.3 | 3.4 | 3.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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