P 
1.42
—
Close of 26 Oct 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 61.2m
FY2015FY2024
Net income
−PLN 22.2m
FY2015FY2024
Free cash flow
−PLN 470,000
FY2015FY2024
Shareholders' equity
PLN 66.5m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 61.2m | PLN 117.2m | −PLN 3.2m | −PLN 1.4m | −PLN 25,000 | PLN 30.9m | PLN 58.2m | PLN 51.2m | PLN 35.3m |
| Gross profit | PLN 19.0m | PLN 11.7m | −PLN 3.2m | −PLN 1.4m | −PLN 26,000 | PLN 5.1m | PLN 4.0m | PLN 4.0m | PLN 1.2m |
| Operating income | −PLN 514,000 | −PLN 27.9m | −PLN 1.3m | −PLN 2.7m | −PLN 2.1m | −PLN 4.1m | −PLN 4.3m | −PLN 7.2m | −PLN 21.6m |
| Net income | −PLN 22.2m | −PLN 185.6m | PLN 88.5m | −PLN 167.0m | PLN 128.6m | −PLN 4.8m | −PLN 5.4m | −PLN 42.3m | −PLN 42.2m |
| Diluted earnings per share | -0.22 | -2.11 | 0.88 | -2.04 | 1.28 | -0.04 | -0.16 | -1.26 | -1.26 |
Balance sheet
At each fiscal year end
| FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 125.4m | PLN 195.5m | PLN 310.1m | PLN 193.3m | PLN 399.2m | PLN 59.4m | PLN 176.9m | PLN 172.1m | PLN 201.9m |
| Cash and short-term investments | PLN 7.7m | PLN 8.2m | PLN 563,000 | PLN 619,000 | PLN 575,000 | PLN 1.9m | PLN 31.4m | PLN 23.0m | PLN 3.0m |
| Total liabilities | PLN 28.7m | PLN 66.6m | PLN 51.8m | PLN 35.9m | PLN 74.8m | PLN 38.9m | PLN 149.2m | PLN 138.8m | PLN 126.2m |
| Debt | PLN 2.6m | PLN 6.2m | PLN 73,000 | PLN 2.1m | PLN 2.0m | PLN 11.8m | PLN 7.9m | PLN 8.2m | PLN 3.5m |
| Shareholders' equity | PLN 66.5m | PLN 115.1m | PLN 258.3m | PLN 157.4m | PLN 324.3m | PLN 19.1m | PLN 26.0m | PLN 31.4m | PLN 73.7m |
| Shares outstanding | 100m | 88m | 101m | 82m | 101m | 115m | 34m | 34m | 34m |
Cash flow
Fiscal years
| FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 146,000 | −PLN 735,000 | −PLN 6.1m | −PLN 131,000 | PLN 47,000 | PLN 1.6m | PLN 1.6m | PLN 6.9m | PLN 4.3m |
| Capital spending | −PLN 616,000 | −PLN 4,000 | −PLN 2,000 | −PLN 1.7m | −PLN 1.7m | −PLN 901,000 | −PLN 571,000 | −PLN 3.5m | −PLN 1.9m |
| Free cash flow | −PLN 470,000 | −PLN 739,000 | −PLN 6.1m | −PLN 1.8m | −PLN 1.6m | PLN 748,000 | PLN 1.1m | PLN 3.4m | PLN 2.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | PLN 17.5m | PLN 13.4m | PLN 12.7m |
| Gross profit | — | — | — | −PLN 1,000 | — | PLN 7.2m | PLN 4.4m | PLN 3.6m |
| Operating income | −PLN 173,000 | −PLN 58,000 | −PLN 137,000 | −PLN 115,000 | PLN 24.5m | PLN 3.3m | −PLN 189,000 | −PLN 22.7m |
| Net income | −PLN 12.0m | PLN 459,000 | PLN 47.8m | PLN 2.5m | PLN 19.6m | −PLN 3.6m | PLN 808,000 | −PLN 17.7m |
| Diluted earnings per share | -0.12 | 0.00 | 0.48 | 0.02 | 0.19 | -0.04 | 0.01 | -0.18 |
| Cash from operations | — | — | — | — | — | PLN 5.0m | — | −PLN 1.0m |
| Total assets | PLN 71.6m | PLN 85.9m | PLN 165.3m | PLN 106.9m | PLN 103.2m | PLN 125.4m | PLN 151.1m | PLN 152.0m |
| Cash and short-term investments | PLN 5.3m | PLN 509,000 | PLN 3.9m | PLN 2.5m | PLN 2.6m | PLN 7.7m | PLN 2.4m | PLN 2.5m |
| Debt | PLN 367,000 | PLN 322,000 | PLN 397,000 | PLN 391,000 | PLN 385,000 | PLN 1.9m | PLN 3.3m | PLN 3.1m |
| Shareholders' equity | PLN 55.2m | PLN 67.2m | PLN 135.8m | PLN 88.0m | PLN 85.6m | PLN 66.5m | PLN 71.6m | PLN 70.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | — | 8.8% |
| Operating income | -26.7% | -24.9% | — |
| Net income | — | — | 12.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.9% | 6.1% | 5.9% | 6.0% |
| Operating margin | -0.1% | -3.0% | -3.4% | -5.9% |
| Net margin | -3.4% | -12.5% | -16.3% | -22.0% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -6.2 | -0.4 | 1.5 | -0.5 | 0.0 | -1.4 | -0.5 | -0.2 | -0.2 |
| Price to sales | 0.5 | 0.1 | 0.7 | -40.5 | -66.0 | -129.5 | 0.2 | 0.1 | 0.1 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 30-for-1 split · 19 Feb 2021
- 10-to-1 reverse split · 26 Jun 2019
- 3-to-1 reverse split · 12 Jul 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.