Q 
2.82
+2.17%
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
DKK 34.8m
FY2018FY2025
Net income
−DKK 17.7m
FY2018FY2025
Free cash flow
−DKK 12.7m
FY2018FY2025
Shareholders' equity
DKK 5.4m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 34.8m | DKK 39.1m | DKK 31.9m | DKK 26.1m | DKK 28.8m | DKK 9.1m | DKK 22.8m | DKK 16.8m |
| Research and development | — | DKK 1.2m | DKK 1.2m | DKK 1.2m | DKK 1.1m | — | — | — |
| Operating income | −DKK 16.4m | −DKK 12.3m | −DKK 9.6m | −DKK 11.9m | −DKK 1.6m | −DKK 2.3m | DKK 2.2m | DKK 2.3m |
| Net income | −DKK 17.7m | −DKK 13.1m | −DKK 10.1m | −DKK 12.0m | −DKK 2.0m | −DKK 2.0m | DKK 889,000 | DKK 427,000 |
| Diluted earnings per share | -0.98 | -0.72 | -0.70 | -0.83 | -0.14 | -0.14 | 0.06 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 24.8m | DKK 32.3m | DKK 24.9m | DKK 26.1m | DKK 38.1m | DKK 18.9m | DKK 17.1m | DKK 11.8m |
| Cash and short-term investments | DKK 1.5m | DKK 1.7m | DKK 424,000 | DKK 583,000 | DKK 17.8m | DKK 311,000 | DKK 494,000 | DKK 166,000 |
| Total liabilities | DKK 19.4m | DKK 20.7m | DKK 23.5m | DKK 14.8m | DKK 14.8m | DKK 16.4m | DKK 13.8m | DKK 9.3m |
| Debt | DKK 7.2m | DKK 6.2m | DKK 6.8m | DKK 3.7m | DKK 1.1m | DKK 5.1m | DKK 5.0m | DKK 3.1m |
| Shareholders' equity | DKK 5.4m | DKK 11.6m | DKK 1.4m | DKK 11.4m | DKK 23.4m | DKK 2.5m | DKK 3.3m | DKK 2.5m |
| Shares outstanding | 18m | 18m | 15m | 14m | 14m | 14m | 14m | 14m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −DKK 12.3m | −DKK 18.1m | −DKK 5.6m | −DKK 18.3m | DKK 232,000 | DKK 855,000 | DKK 2.5m | — |
| Capital spending | −DKK 455,000 | −DKK 408,000 | −DKK 662,000 | −DKK 935,000 | −DKK 511,000 | −DKK 2.0m | −DKK 2.5m | — |
| Free cash flow | −DKK 12.7m | −DKK 18.5m | −DKK 6.3m | −DKK 19.3m | −DKK 279,000 | −DKK 1.2m | −DKK 41,000 | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 21.6m | DKK 19.3m | DKK 15.5m | DKK 21.7m | DKK 17.4m | DKK 14.0m | DKK 7.0m | DKK 18.0m |
| Operating income | −DKK 5.4m | −DKK 7.2m | −DKK 9.2m | −DKK 4.3m | −DKK 7.7m | −DKK 6.1m | −DKK 2.8m | −DKK 4.3m |
| Net income | −DKK 5.8m | −DKK 8.2m | −DKK 9.6m | −DKK 5.3m | −DKK 7.8m | −DKK 6.8m | −DKK 3.4m | −DKK 3.3m |
| Diluted earnings per share | -0.26 | -0.45 | -0.53 | -0.29 | -0.43 | -0.47 | -0.24 | -0.23 |
| Cash from operations | −DKK 2.0m | −DKK 5.0m | −DKK 6.0m | −DKK 10.0m | −DKK 7.0m | −DKK 1.0m | — | −DKK 3.0m |
| Total assets | DKK 22.3m | DKK 24.8m | DKK 26.1m | DKK 32.3m | DKK 28.9m | DKK 24.9m | DKK 24.9m | DKK 26.9m |
| Cash and short-term investments | DKK 491,000 | DKK 1.5m | DKK 1.3m | DKK 1.7m | DKK 431,000 | DKK 424,000 | DKK 424,000 | DKK 716,000 |
| Debt | DKK 8.1m | DKK 6.9m | DKK 8.6m | DKK 6.2m | DKK 2.8m | DKK 6.8m | DKK 6.3m | DKK 7.9m |
| Shareholders' equity | −DKK 413,000 | DKK 5.4m | DKK 2.2m | DKK 11.6m | DKK 7.0m | DKK 1.4m | DKK 1.4m | DKK 8.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.1% | 30.8% | — |
| Operating income | 11.3% | 48.3% | — |
| Net income | 13.9% | 54.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -3.1 | -9.0 | -11.2 | -9.2 | -16.9 |
| Price to sales | 1.6 | 3.0 | 3.6 | 4.3 | 1.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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