N 
8.93
+1.94%
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
€11.0m
FY2016FY2025
Net income
€573,200
FY2016FY2025
Free cash flow
−€37,300
FY2016FY2025
Shareholders' equity
€4.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €11.0m | €8.7m | €7.2m | €9.5m | €6.4m | €4.1m | €3.3m | €2.7m | €2.6m | €2.5m |
| Research and development | €1.4m | €560,161 | €1.0m | €753,525 | €884,011 | €368,273 | €559,652 | €571,629 | €347,950 | €164,696 |
| Operating income | €630,200 | −€508,867 | −€1.2m | €840,296 | −€1.5m | −€1.4m | −€5.2m | −€6.3m | −€5.6m | −€6.7m |
| Net income | €573,200 | −€892,288 | −€1.3m | €1.3m | −€832,106 | −€4.1m | −€6.8m | −€6.2m | −€7.3m | −€6.7m |
| Diluted earnings per share | 0.06 | -0.12 | -0.20 | 0.19 | -0.13 | -0.73 | -3.06 | -5.94 | -8.69 | -40.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €13.2m | €14.2m | €9.9m | €10.2m | €10.0m | €6.2m | €7.7m | €9.7m | €11.0m | €10.4m |
| Cash and short-term investments | €2.7m | €3.9m | €1.5m | €4.4m | €5.2m | €3.5m | €4.3m | €7.2m | €8.5m | €8.2m |
| Total liabilities | €9.0m | €10.5m | €7.0m | €6.1m | €6.8m | €7.7m | €8.4m | €10.0m | €5.5m | €5.9m |
| Debt | €4.1m | €5.4m | €4.4m | €3.5m | €3.9m | €5.0m | €6.3m | €8.3m | €3.7m | €3.8m |
| Shareholders' equity | €4.2m | €3.7m | €2.8m | €4.1m | €3.2m | −€1.5m | −€740,064 | −€294,273 | €5.5m | €4.5m |
| Shares outstanding | 9m | 7m | 7m | 7m | 7m | 6m | 2m | 1m | 1m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €1.7m | €1.9m | −€2.3m | €1.0m | −€2.6m | −€2.7m | −€6.7m | −€6.2m | −€5.4m | −€7.2m |
| Capital spending | −€1.7m | −€1.7m | −€1.5m | −€1.4m | −€1.1m | −€163,583 | −€843,300 | −€610,800 | −€147,800 | −€310,100 |
| Free cash flow | −€37,300 | €175,430 | −€3.8m | −€438,093 | −€3.7m | −€2.9m | −€7.5m | −€6.8m | −€5.6m | −€7.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €5.2m | €6.5m | €5.4m | €5.6m | €3.2m | €4.7m | €2.7m | €2.5m |
| Operating income | −€319,900 | €881,500 | −€246,400 | €255,300 | −€864,200 | €159,200 | €96,828 | −€1.4m |
| Net income | −€861,900 | €912,000 | −€338,800 | €55,800 | −€948,100 | €115,000 | €57,493 | −€1.4m |
| Diluted earnings per share | -0.12 | 0.10 | -0.04 | 0.01 | -0.13 | 0.02 | 0.01 | -0.21 |
| Cash from operations | — | €1.0m | — | — | — | — | — | −€1.0m |
| Total assets | €16.5m | €13.2m | €12.3m | €14.2m | €11.2m | €9.9m | €9.9m | €8.1m |
| Cash and short-term investments | €5.6m | €2.7m | €2.7m | €3.9m | €3.0m | €1.5m | €1.5m | €2.1m |
| Debt | €3.4m | €4.1m | €4.8m | €5.4m | €6.3m | €4.4m | €831,590 | €3.3m |
| Shareholders' equity | €8.4m | €4.2m | €3.2m | €3.7m | €1.9m | €2.8m | €2.8m | €2.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.8% | 21.7% | 15.8% |
| Operating income | -9.1% | — | — |
| Net income | -24.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.6% | -0.8% | -6.7% | -61.5% |
| Net margin | -1.6% | -0.9% | -11.3% | -69.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 225.9 | -63.4 | -14.7 | 21.1 | -37.9 | -10.4 | -0.7 | -0.3 | -0.9 | -0.1 |
| Price to sales | 11.8 | 6.5 | 2.7 | 2.9 | 4.9 | 10.4 | 1.5 | 0.8 | 2.5 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 17 May 2021
- 30-to-1 reverse split · 26 Nov 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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