P 
3.07
+0.33%
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
€86.2m
FY2016FY2025
Net income
€8.8m
FY2016FY2025
Free cash flow
€13.5m
FY2016FY2025
Shareholders' equity
€29.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €86.2m | €85.2m | €66.7m | €59.5m | €62.3m | €62.2m | €45.6m | €49.9m | €32.6m | €31.8m |
| Research and development | — | — | €347,000 | €263,000 | — | — | — | — | — | — |
| Operating income | €12.7m | €7.5m | €2.1m | −€74.8m | −€54.2m | −€1.1m | −€1.1m | €6.8m | €8.8m | €3.6m |
| Net income | €8.8m | €11.3m | €762,000 | −€78.9m | −€51.8m | −€66,000 | −€2.4m | €5.0m | €7.1m | €1.3m |
| Diluted earnings per share | 0.34 | 0.44 | 0.03 | -3.04 | -2.00 | -0.00 | -0.09 | 0.21 | 0.32 | 1.39 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €91.7m | €78.7m | €81.2m | €64.6m | €78.7m | €71.2m | €65.4m | €67.6m | €45.1m | €95.0m |
| Cash and short-term investments | €29.0m | €17.7m | €10.0m | €8.4m | €10.7m | €10.4m | €6.6m | €6.3m | €6.5m | €5.4m |
| Total liabilities | €62.2m | €66.9m | €68.5m | €51.1m | €50.3m | €46.4m | €40.7m | €43.1m | €26.9m | €67.0m |
| Debt | €3.5m | €2.3m | €9.1m | €9.2m | €12.2m | €17.1m | €17.1m | €11.4m | €5.5m | €5.7m |
| Shareholders' equity | €29.6m | €11.8m | €12.6m | €13.5m | €28.4m | €24.8m | €24.7m | €24.3m | €18.2m | €27.8m |
| Shares outstanding | 26m | 26m | 26m | 26m | 26m | 25m | 26m | 24m | 23m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €16.5m | €8.9m | €4.4m | €3.2m | −€863,000 | €2.5m | −€3.5m | €8.0m | €23.5m | €5.0m |
| Capital spending | −€3.0m | −€2.1m | −€3.6m | −€3.9m | −€2.5m | −€3.4m | −€3.2m | −€4.9m | −€2.2m | −€26.7m |
| Free cash flow | €13.5m | €6.8m | €861,000 | −€639,000 | −€3.4m | −€923,000 | −€6.7m | €3.1m | €21.3m | −€21.8m |
| Dividends paid | −€2.2m | −€1.8m | — | — | — | — | −€956,000 | −€2.0m | −€17.2m | −€150,000 |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €53.9m | €32.3m | €42.2m | €44.2m | €33.3m | €33.3m | €16.5m | €29.7m |
| Operating income | −€2.8m | €3.8m | €4.3m | €3.2m | €1.0m | €1.0m | −€83,000 | −€37.4m |
| Net income | €6.4m | €2.5m | €2.9m | €8.4m | €381,000 | €381,000 | −€340,000 | −€39.4m |
| Diluted earnings per share | 0.24 | 0.10 | 0.11 | 0.33 | 0.01 | 0.01 | -0.01 | -1.52 |
| Cash from operations | €9.0m | €7.0m | €11.0m | −€2.0m | €1.0m | €1.0m | — | — |
| Capital spending | −€1.0m | −€1.0m | −€1.0m | — | −€2.0m | −€1.0m | — | −€1.0m |
| Free cash flow | €8.0m | €6.0m | €10.0m | — | −€1.0m | €0 | — | — |
| Total assets | €91.7m | €82.5m | €78.7m | €68.9m | €81.2m | €60.4m | €60.4m | €64.6m |
| Cash and short-term investments | €29.0m | €21.2m | €17.7m | €8.8m | €10.0m | €6.6m | €6.6m | €8.4m |
| Debt | €2.4m | €3.7m | €2.3m | €5.8m | €8.7m | €13.6m | €4.6m | €9.2m |
| Shareholders' equity | €29.6m | €23.3m | €11.8m | €19.6m | €12.6m | €10.4m | €10.4m | €13.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.1% | 6.8% | 85.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.8% | -17.6% | -25.5% | -17.2% |
| Net margin | 11.7% | -19.5% | -26.0% | -18.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.8 | 4.0 | 58.1 | -0.5 | -1.0 | -476.8 | -15.8 | 9.3 | 9.8 | 1.6 |
| Price to sales | 0.7 | 0.5 | 0.7 | 0.7 | 0.9 | 0.5 | 0.8 | 0.9 | 2.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 5 May 2025.
| FY2025 | FY2024 | FY2019 | FY2018 | |
|---|---|---|---|---|
| Paid in the year | 0.085 | 0.07 | 0.04 | 0.083 |
- 25-to-1 reverse split · 23 Jul 2018
- 100-to-1 reverse split · 5 Feb 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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