Q 
0.50
-3.10%
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
€5.7m
FY2016FY2025
Net income
−€1.1m
FY2016FY2025
Free cash flow
−€1.3m
FY2016FY2025
Shareholders' equity
€1.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €5.7m | €6.6m | €7.5m | €7.8m | €9.1m | €9.0m | €9.5m | €10.0m | €8.5m | €8.6m |
| Research and development | €868,000 | €1.9m | €1.6m | €2.0m | €2.1m | €2.0m | €788,000 | €733,000 | €792,000 | €634,000 |
| Operating income | −€812,000 | −€16,000 | −€827,000 | −€2.8m | −€852,000 | −€945,000 | −€238,000 | €521,000 | €432,000 | €761,000 |
| Net income | −€1.1m | −€82,000 | −€924,000 | −€2.9m | −€1.4m | −€812,000 | −€161,000 | €320,000 | €247,000 | €568,000 |
| Diluted earnings per share | -0.05 | -0.00 | -0.05 | -0.18 | -0.11 | -0.07 | -0.01 | 0.03 | 0.02 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €5.2m | €5.9m | €5.9m | €7.4m | €5.8m | €6.3m | €7.0m | €6.4m | €6.8m | €7.9m |
| Cash and short-term investments | €621,000 | €825,000 | €884,000 | €17,000 | €441,000 | €185,000 | €1.0m | €505,000 | €318,000 | €565,000 |
| Total liabilities | €4.1m | €5.5m | €5.5m | €7.0m | €5.4m | €4.3m | €4.2m | €3.6m | €3.7m | €4.6m |
| Debt | €868,000 | €1.4m | €1.8m | €2.3m | €1.7m | €947,000 | €784,000 | — | — | — |
| Shareholders' equity | €1.2m | €401,000 | €348,000 | €487,000 | €430,000 | €1.8m | €2.8m | €2.9m | €3.1m | €3.3m |
| Shares outstanding | 20m | 18m | 18m | 16m | 13m | 12m | 12m | 11m | 11m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −€855,000 | €806,000 | €849,000 | −€1.8m | €692,000 | €334,000 | €1.3m | €1.3m | €984,000 | €1.4m |
| Capital spending | −€428,000 | −€331,000 | −€620,000 | −€1.4m | −€942,000 | −€1.1m | −€1.0m | −€790,000 | −€872,000 | −€698,000 |
| Free cash flow | −€1.3m | €475,000 | €229,000 | −€3.1m | −€250,000 | −€764,000 | €307,000 | €545,000 | €112,000 | €721,000 |
| Dividends paid | — | — | — | — | — | — | — | −€360,000 | −€360,000 | −€240,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €1.1m | €1.9m | €1.2m | €1.5m | €1.4m | €1.5m | €2.0m | €1.4m |
| Operating income | −€164,000 | €333,000 | −€200,000 | €97,000 | −€469,000 | −€241,000 | €23,000 | −€6,000 |
| Net income | −€174,000 | €320,000 | −€411,000 | €81,000 | −€454,000 | −€266,000 | €26,000 | −€33,000 |
| Diluted earnings per share | -0.01 | 0.02 | -0.02 | 0.00 | -0.02 | -0.01 | 0.00 | -0.00 |
| Cash from operations | — | — | — | — | — | — | €1.0m | — |
| Total assets | €4.2m | — | €5.2m | €4.7m | €5.0m | €6.1m | €5.9m | €4.7m |
| Cash and short-term investments | €1.4m | €621,000 | €621,000 | €562,000 | €1.2m | €2.1m | €825,000 | €100,000 |
| Debt | €287,000 | — | €868,000 | €877,000 | €886,000 | €893,000 | €1.4m | €1.6m |
| Shareholders' equity | €1.4m | €1.2m | €1.2m | €1.6m | €1.4m | €1.8m | €401,000 | €335,000 |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.2% | -8.8% | -5.0% |
| Operating income | -34.0% | -3.0% | — |
| Net income | -28.5% | 5.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -6.7% | -16.2% | -13.7% | -4.8% |
| Net margin | -9.2% | -17.8% | -15.5% | -6.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.6 | -176.6 | -6.6 | -3.1 | -16.4 | -31.1 | -167.3 | 54.9 | 74.4 | 23.6 |
| Price to sales | 2.9 | 2.2 | 0.8 | 1.1 | 2.4 | 2.8 | 2.8 | 1.8 | 2.2 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Apr 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.028 | 0.028 | 0.019 | 0.047 | 0.038 | 0.038 | 0.028 | 0.028 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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