R 
90.60
-2.58%
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 236.9m
FY2016FY2025
Net income
DKK 21.1m
FY2016FY2025
Free cash flow
DKK 19.7m
FY2016FY2025
Shareholders' equity
DKK 177.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 236.9m | DKK 245.4m | DKK 248.2m | DKK 380.9m | DKK 249.9m | DKK 257.3m | DKK 271.3m | DKK 224.9m | DKK 198.7m | DKK 229.6m |
| Research and development | — | DKK 9.7m | DKK 6.1m | DKK 7.2m | DKK 7.1m | DKK 4.0m | DKK 5.7m | DKK 6.0m | DKK 8.5m | DKK 10.4m |
| Operating income | DKK 30.1m | DKK 29.3m | DKK 10.0m | −DKK 3.8m | −DKK 33.5m | DKK 35.8m | −DKK 22.4m | DKK 5.8m | DKK 21.4m | DKK 28.1m |
| Net income | DKK 21.1m | −DKK 9.6m | −DKK 4.6m | −DKK 1.8m | −DKK 20.8m | DKK 24.0m | −DKK 14.6m | DKK 14.5m | DKK 20.2m | DKK 20.0m |
| Diluted earnings per share | 11.79 | -5.35 | -2.58 | -1.01 | -11.75 | 13.19 | -8.26 | 8.15 | 11.23 | 11.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 236.2m | DKK 276.5m | DKK 368.1m | DKK 373.1m | DKK 279.8m | DKK 284.5m | DKK 271.6m | DKK 290.8m | DKK 306.4m | DKK 300.6m |
| Cash and short-term investments | DKK 35.2m | DKK 17.9m | DKK 33.2m | DKK 11.9m | DKK 45.7m | DKK 83.4m | DKK 54.1m | DKK 122.3m | DKK 100.8m | DKK 119.0m |
| Total liabilities | DKK 58.4m | DKK 79.1m | DKK 158.4m | DKK 154.3m | DKK 62.5m | DKK 46.3m | DKK 55.6m | DKK 42.4m | DKK 54.0m | DKK 48.8m |
| Debt | DKK 34.0m | DKK 36.9m | DKK 102.9m | DKK 103.5m | DKK 30.4m | DKK 15.8m | DKK 6.7m | — | — | — |
| Shareholders' equity | DKK 177.8m | DKK 197.3m | DKK 209.6m | DKK 218.8m | DKK 217.3m | DKK 238.2m | DKK 216.0m | DKK 248.3m | DKK 252.3m | DKK 251.8m |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 31.4m | DKK 56.2m | DKK 17.8m | −DKK 27.0m | −DKK 42.3m | DKK 65.6m | −DKK 35.6m | DKK 37.1m | DKK 36.9m | DKK 28.2m |
| Capital spending | −DKK 11.8m | −DKK 8.7m | −DKK 21.9m | −DKK 21.6m | −DKK 15.1m | −DKK 27.1m | −DKK 22.8m | −DKK 25.9m | −DKK 11.3m | −DKK 7.0m |
| Free cash flow | DKK 19.7m | DKK 47.5m | −DKK 4.2m | −DKK 48.7m | −DKK 57.4m | DKK 38.5m | −DKK 58.4m | DKK 11.2m | DKK 25.7m | DKK 21.2m |
| Dividends paid | — | — | — | — | — | — | −DKK 17.9m | −DKK 17.9m | −DKK 17.9m | −DKK 17.9m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 38.0m | DKK 43.2m | DKK 29.8m | DKK 54.6m | DKK 69.3m | DKK 61.9m | DKK 51.1m | DKK 14.0m |
| Operating income | −DKK 1.3m | −DKK 3.9m | −DKK 9.3m | −DKK 1.7m | DKK 14.3m | DKK 16.0m | DKK 3.0m | DKK 35.5m |
| Net income | −DKK 358,000 | −DKK 2.3m | −DKK 10.1m | −DKK 1.3m | −DKK 3.6m | −DKK 28.1m | DKK 2.3m | DKK 1.8m |
| Diluted earnings per share | -0.20 | -1.30 | -5.67 | -0.71 | -2.04 | -15.70 | 1.26 | 1.02 |
| Cash from operations | −DKK 2.0m | −DKK 1.0m | DKK 3.0m | DKK 26.0m | DKK 14.0m | −DKK 2.0m | −DKK 6.0m | DKK 22.0m |
| Capital spending | — | −DKK 1.0m | — | −DKK 4.0m | — | −DKK 3.0m | −DKK 2.0m | −DKK 1.0m |
| Free cash flow | — | −DKK 2.0m | — | DKK 22.0m | — | −DKK 5.0m | −DKK 8.0m | DKK 21.0m |
| Total assets | DKK 201.8m | DKK 205.4m | DKK 219.8m | DKK 236.2m | DKK 246.6m | DKK 261.4m | DKK 282.7m | DKK 276.5m |
| Cash and short-term investments | DKK 11.2m | DKK 15.3m | DKK 33.8m | DKK 35.2m | DKK 13.8m | DKK 2.1m | DKK 7.8m | DKK 17.9m |
| Debt | DKK 4.9m | DKK 30.4m | DKK 32.1m | DKK 32.5m | DKK 34.0m | DKK 36.8m | DKK 35.5m | DKK 36.4m |
| Shareholders' equity | DKK 147.2m | DKK 147.3m | DKK 164.8m | DKK 177.8m | DKK 176.6m | DKK 171.1m | DKK 200.9m | DKK 197.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.6% | -1.6% | 0.4% |
| Operating income | — | -3.4% | 2.2% |
| Net income | — | -2.6% | 1.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 12.3% | 5.9% | 4.2% | 4.5% |
| Net margin | 2.4% | 0.5% | 0.5% | 2.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.4 | -19.1 | -35.3 | -152.6 | -11.9 | 13.7 | -25.9 | 27.6 | 32.5 | 20.5 |
| Price to sales | 1.0 | 0.8 | 0.7 | 0.7 | 1.0 | 1.3 | 1.4 | 1.8 | 3.3 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Jan 2026.
| FY2026 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 12.00 | 10.00 | 10.00 |
- 5-for-1 split · 25 Mar 2013
- 4-for-3 split · 26 Mar 2001
- 5-for-4 split · 5 Mar 1997
- 4-for-3 split · 3 Mar 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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