P 
45.00
+0.22%
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
€285.5m
FY2016FY2025
Net income
−€31.6m
FY2016FY2025
Free cash flow
€9.5m
FY2016FY2025
Shareholders' equity
€67.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €285.5m | €260.8m | €269.9m | €247.9m | €248.4m | €217.8m | €225.2m | €199.2m | €186.1m | €178.9m |
| Research and development | €57.7m | €45.6m | €44.7m | €36.6m | €32.3m | €27.7m | €24.5m | €22.6m | €18.5m | €16.8m |
| Operating income | −€35.4m | −€14.9m | €5.6m | €20.2m | €25.5m | €14.9m | €17.2m | €15.4m | €13.4m | €11.8m |
| Net income | −€31.6m | −€21.0m | €324,000 | €16.7m | €15.8m | €10.3m | €14.3m | €10.6m | €9.5m | €8.6m |
| Diluted earnings per share | -2.03 | -1.35 | 0.02 | 1.08 | 1.01 | 0.66 | 0.91 | 0.68 | 0.61 | 0.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €278.1m | €273.9m | €283.2m | €272.6m | €284.1m | €259.4m | €248.8m | €208.7m | €194.0m | €199.4m |
| Cash and short-term investments | €27.3m | €26.5m | €50.5m | €45.4m | €67.5m | €40.5m | €38.7m | €44.6m | €38.1m | €43.0m |
| Total liabilities | €210.9m | €178.5m | €171.4m | €153.6m | €169.4m | €159.1m | €154.3m | €122.0m | €113.7m | €124.2m |
| Debt | €30.0m | €54.3m | €39.8m | €29.2m | €27.9m | €24.9m | €23.6m | €1.8m | €2.6m | — |
| Shareholders' equity | €67.2m | €95.4m | €111.7m | €119.0m | €114.7m | €100.3m | €94.5m | €86.6m | €80.3m | €75.3m |
| Shares outstanding | 16m | 15m | 15m | 15m | 16m | 16m | 16m | 16m | 16m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €11.6m | −€19.7m | €16.8m | €3.4m | €38.8m | €24.8m | €12.5m | €19.0m | €1.2m | €13.3m |
| Capital spending | −€2.0m | −€7.7m | −€7.7m | −€10.3m | −€5.4m | −€5.8m | −€6.0m | −€6.2m | −€4.4m | −€3.2m |
| Free cash flow | €9.5m | −€27.4m | €9.1m | −€6.9m | €33.4m | €19.0m | €6.5m | €12.8m | −€3.2m | €10.1m |
| Dividends paid | — | — | −€6.2m | −€6.3m | −€4.7m | −€784,000 | −€3.9m | −€3.6m | −€3.4m | −€3.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €71.9m | €66.5m | €81.9m | €70.7m | €65.0m | €67.9m | €83.4m | €65.1m |
| Operating income | €1.1m | −€5.9m | −€628,000 | −€22.5m | €93,000 | €2.1m | €4.2m | €13,000 |
| Net income | −€2.6m | −€7.4m | −€5.3m | −€24.9m | −€1.7m | €271,000 | €3.2m | −€1.6m |
| Diluted earnings per share | -0.17 | -0.47 | -0.34 | -1.60 | -0.11 | 0.02 | 0.21 | -0.10 |
| Cash from operations | −€2.0m | −€3.0m | €9.0m | −€5.0m | −€3.0m | €10.0m | €14.0m | −€16.0m |
| Capital spending | — | −€1.0m | — | — | −€2.0m | — | −€5.0m | −€1.0m |
| Free cash flow | — | −€4.0m | — | — | −€5.0m | — | €9.0m | −€17.0m |
| Total assets | €285.2m | €293.7m | €278.1m | €308.8m | €254.7m | €262.9m | €273.9m | €274.7m |
| Cash and short-term investments | €24.1m | €30.9m | €27.3m | €30.3m | €31.2m | €32.5m | €26.5m | €27.4m |
| Debt | €36.8m | €37.9m | €30.0m | €88.6m | €44.9m | €39.1m | €54.3m | €32.6m |
| Shareholders' equity | €58.1m | €60.5m | €67.2m | €70.5m | €93.0m | €96.1m | €95.4m | €88.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.8% | 5.6% | 4.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -9.2% | -2.3% | 1.0% | 3.4% |
| Net margin | -9.6% | -3.3% | -0.6% | 1.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -22.2 | -15.5 | — | 20.8 | 45.8 | 37.2 | 22.9 | 23.1 | 30.5 | 22.3 |
| Price to sales | 2.5 | 1.3 | 1.4 | 1.4 | 2.9 | 1.8 | 1.4 | 1.2 | 1.6 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 May 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.40 | 0.40 | 0.30 | 0.05 | 0.25 | 0.23 | 0.22 | 0.21 |
- 1-to-1 reverse split · 15 Jun 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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