N
9.19
+4.08%
Close of 9 Nov 2026, in CHF
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At a glance
Figures in EUR, from our data supplier.
Revenue
€19.1m
FY2016FY2025
Net income
−€13.2m
FY2016FY2025
Free cash flow
€32.5m
FY2016FY2025
Shareholders' equity
−€11.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €19.1m | €51.4m | €9.1m | €6.1m | €5.8m | €5.3m | €7.0m | €4.0m | €13.4m | €6.7m |
| Research and development | €15.2m | €13.6m | €13.2m | €12.0m | €10.8m | €14.9m | €22.5m | €15.8m | €13.4m | €19.2m |
| Operating income | −€4.7m | €26.2m | −€11.7m | −€13.2m | −€12.0m | −€18.1m | −€20.9m | −€14.8m | −€4.1m | −€15.3m |
| Net income | −€13.2m | €15.8m | −€16.2m | −€17.5m | −€14.9m | −€21.0m | −€20.2m | −€15.0m | −€5.3m | −€15.2m |
| Diluted earnings per share | -0.66 | 0.85 | -0.91 | -0.98 | -0.84 | -1.18 | -1.13 | -0.84 | -0.31 | -0.97 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €40.0m | €63.9m | €25.9m | €37.2m | €50.5m | €51.2m | €60.3m | €60.0m | €73.0m | €56.6m |
| Cash and short-term investments | €28.9m | €9.8m | €12.6m | €22.8m | €34.6m | €31.3m | €39.2m | €43.9m | €60.1m | €46.5m |
| Total liabilities | €51.2m | €62.5m | €55.8m | €51.2m | €47.4m | €34.0m | €23.5m | €5.2m | €5.3m | €6.8m |
| Debt | €38.1m | €50.5m | €48.4m | €45.7m | €43.1m | €26.3m | €16.9m | €276,000 | — | €364,000 |
| Shareholders' equity | −€11.1m | €1.5m | −€29.9m | −€14.0m | €3.1m | €17.2m | €36.8m | €54.8m | €67.7m | €49.7m |
| Shares outstanding | 20m | 19m | 18m | 18m | 18m | 18m | 18m | 18m | 17m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €32.6m | −€17.6m | −€10.1m | −€11.1m | −€11.4m | −€15.6m | −€22.0m | −€16.0m | −€8.4m | −€19.6m |
| Capital spending | −€47,302 | −€13,000 | −€11,000 | −€18,000 | −€20,000 | −€34,000 | −€51,000 | −€34,000 | −€24,000 | −€69,000 |
| Free cash flow | €32.5m | −€17.6m | −€10.2m | −€11.1m | −€11.5m | −€15.6m | −€22.0m | −€16.0m | −€8.4m | −€19.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €3.2m | €7.2m | €11.9m | €50.8m | €3.6m | €3.8m | €5.8m | €2.8m |
| Operating income | −€16.5m | −€6.1m | €1.3m | €35.9m | −€8.1m | −€7.8m | −€4.6m | −€3.2m |
| Net income | −€16.3m | −€13.2m | −€73,000 | €26.9m | −€10.1m | −€9.8m | −€7.4m | −€3.5m |
| Diluted earnings per share | -0.79 | -0.66 | -0.00 | 1.45 | -0.55 | -0.55 | -0.41 | -0.20 |
| Cash from operations | −€10.0m | −€1.0m | €33.0m | −€9.0m | −€9.0m | −€4.0m | −€5.0m | — |
| Total assets | €40.4m | €40.0m | €61.4m | €63.9m | €24.9m | €25.9m | €33.4m | €31.5m |
| Cash and short-term investments | €33.0m | €28.9m | €43.2m | €9.8m | €12.2m | €12.6m | €18.2m | €17.1m |
| Debt | €135,419 | €38.3m | €52.6m | €50.5m | €48.9m | €48.4m | €49.9m | €34.5m |
| Shareholders' equity | −€11.7m | −€11.1m | €1.6m | €1.5m | −€30.8m | −€29.9m | −€22.2m | −€21.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 46.4% | 29.5% | 23.2% |
| Operating income | -29.1% | -23.6% | -12.4% |
| Net income | -8.9% | -8.8% | -5.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 30.5% | -4.0% | -34.6% | -81.6% |
| Net margin | 3.7% | -36.3% | -69.3% | -111.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -39.2 | 11.4 | -5.9 | -1.7 | -2.1 | -2.0 | -1.8 | -2.1 | -11.5 | -6.4 |
| Price to sales | 27.1 | 3.5 | 10.6 | 5.0 | 5.5 | 8.0 | 5.0 | 7.7 | 4.5 | 14.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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