P 
0.07
+2.86%
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
—
FY2016FY2025
Net income
−DKK 25.4m
FY2016FY2025
Free cash flow
−DKK 35.3m
FY2016FY2025
Shareholders' equity
DKK 25.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | — | DKK 1.1m |
| Gross profit | −DKK 311,000 | −DKK 235,000 | −DKK 480,000 | — | — | — | — | — | — | DKK 1.1m |
| Research and development | DKK 5.1m | DKK 9.0m | DKK 8.8m | DKK 5,497 | — | — | — | — | — | — |
| Operating income | −DKK 25.3m | −DKK 21.3m | −DKK 25.3m | DKK 3.0m | −DKK 1.4m | −DKK 17.6m | −DKK 1.7m | −DKK 1.7m | −DKK 2.0m | −DKK 1.8m |
| Net income | −DKK 25.4m | −DKK 24.4m | −DKK 24.6m | DKK 3.5m | DKK 5.4m | −DKK 32.9m | −DKK 14.4m | −DKK 7.7m | DKK 177,000 | −DKK 1.0m |
| Diluted earnings per share | -0.02 | -0.02 | -0.02 | 0.00 | 0.00 | -0.03 | -0.01 | -0.01 | 0.00 | -0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 38.9m | DKK 65.6m | DKK 67.7m | DKK 71.1m | DKK 63.6m | DKK 57.6m | DKK 80.8m | DKK 80.8m | DKK 86.3m | DKK 125.8m |
| Cash and short-term investments | DKK 498,000 | DKK 1.5m | DKK 4.2m | DKK 182,000 | — | — | DKK 1,000 | DKK 1,000 | DKK 3,000 | DKK 1.3m |
| Total liabilities | DKK 13.4m | DKK 16.7m | DKK 42.4m | DKK 25.0m | DKK 21.1m | DKK 23.3m | DKK 13.7m | DKK 3.3m | DKK 1.2m | DKK 29.0m |
| Debt | DKK 8.1m | DKK 11.0m | DKK 30.2m | DKK 22.8m | DKK 18.9m | DKK 10.0m | DKK 1.7m | DKK 1.5m | DKK 103,000 | DKK 7.1m |
| Shareholders' equity | DKK 25.5m | DKK 48.9m | DKK 25.3m | DKK 46.0m | DKK 42.6m | DKK 34.3m | DKK 67.2m | DKK 77.6m | DKK 85.1m | DKK 93.1m |
| Shares outstanding | 1,432m | 1,023m | 1,023m | 954m | 1,228m | 1,228m | 1,228m | 1,228m | 1,228m | 22m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −DKK 17.7m | −DKK 22.9m | −DKK 16.6m | −DKK 2.9m | −DKK 2.1m | −DKK 9.9m | −DKK 274,000 | −DKK 1.6m | −DKK 4.9m | −DKK 181,000 |
| Capital spending | −DKK 17.7m | — | −DKK 73,000 | — | — | — | −DKK 2.0m | — | — | — |
| Free cash flow | −DKK 35.3m | −DKK 22.9m | −DKK 16.7m | −DKK 2.9m | −DKK 2.1m | −DKK 9.9m | −DKK 2.3m | −DKK 1.6m | −DKK 4.9m | −DKK 181,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | — | — | — | — | −DKK 124,000 | −DKK 124,000 |
| Operating income | −DKK 3.5m | −DKK 3.5m | DKK 4.3m | DKK 4.3m | −DKK 8.6m | −DKK 4.1m | −DKK 5.2m | −DKK 5.0m |
| Net income | −DKK 1.3m | −DKK 1.3m | −DKK 7.9m | −DKK 7.9m | −DKK 9.5m | −DKK 4.6m | −DKK 6.7m | −DKK 5.9m |
| Diluted earnings per share | -0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.00 | -0.01 | -0.01 |
| Cash from operations | −DKK 2.0m | −DKK 2.0m | −DKK 2.0m | −DKK 2.0m | — | −DKK 6.0m | −DKK 4.0m | −DKK 3.0m |
| Total assets | DKK 44.2m | DKK 44.2m | DKK 38.9m | DKK 38.9m | DKK 62.3m | DKK 65.6m | DKK 80.0m | DKK 76.6m |
| Cash and short-term investments | DKK 29,000 | DKK 29,000 | DKK 498,000 | DKK 498,000 | DKK 702,000 | DKK 1.5m | DKK 3.8m | DKK 863,000 |
| Debt | DKK 10.7m | DKK 6.3m | DKK 7.6m | DKK 3.5m | DKK 18.5m | DKK 11.0m | DKK 52.6m | DKK 43.8m |
| Shareholders' equity | DKK 25.8m | DKK 25.8m | DKK 25.5m | DKK 25.5m | DKK 39.4m | DKK 48.9m | DKK 19.2m | DKK 25.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | — | 7.5% | 23.4% |
| Net income | — | -5.0% | 24.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.3 | -8.0 | -17.9 | 125.5 | 127.5 | -35.2 | -155.8 | -293.6 | -49.6 | -129.7 |
| Price to sales | — | — | — | — | — | — | — | — | 48.7 | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2-for-1 split · 27 Jan 2023
- 6.6413-to-1 reverse split · 1 Nov 2019
- 10-to-6.641 reverse split · 10 Oct 2019
- 10-for-1 split · 24 Feb 2016
- 2.9081-to-1 reverse split · 27 Dec 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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