R 
1.19
+4.39%
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
€78.8m
FY2016FY2025
Net income
−€304,000
FY2016FY2025
Free cash flow
€4.9m
FY2016FY2025
Shareholders' equity
€42.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €78.8m | €90.3m | €92.9m | €112.0m | €100.8m | €91.6m | €86.5m | €82.7m | €88.2m | €63.9m |
| Research and development | — | €149,000 | €170.8m | €223,000 | €436,000 | €566,000 | €569,000 | €1.2m | €1.5m | €1.5m |
| Operating income | €2.0m | €2.5m | €116,000 | €3.1m | €2.4m | −€2.1m | −€7.0m | −€30.6m | −€5.3m | €5.0m |
| Net income | −€304,000 | €1.1m | −€3.0m | €819,000 | €843,000 | −€2.9m | −€7.3m | −€31.4m | −€5.2m | €4.6m |
| Diluted earnings per share | -0.02 | 0.05 | -0.14 | 0.04 | 0.04 | -0.11 | -0.34 | -1.49 | -0.25 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €82.9m | €91.3m | €94.0m | €109.1m | €116.4m | €103.5m | €107.4m | €117.0m | €160.2m | €114.3m |
| Cash and short-term investments | €9.5m | €9.0m | €12.8m | €7.7m | €9.5m | €14.3m | €15.2m | €27.5m | €42.2m | €10.6m |
| Total liabilities | €39.9m | €45.1m | €48.4m | €58.3m | €67.3m | €56.5m | €56.6m | €59.2m | €68.1m | €62.6m |
| Debt | €24.6m | €27.7m | €32.5m | €36.3m | €41.5m | €35.6m | €38.2m | €43.3m | €49.9m | €47.5m |
| Shareholders' equity | €42.6m | €45.9m | €45.3m | €50.5m | €48.8m | €47.0m | €50.7m | €57.8m | €92.1m | €51.6m |
| Shares outstanding | 13m | 22m | 21m | 21m | 21m | 26m | 21m | 21m | 21m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €5.9m | €1.5m | €8.4m | €5.6m | −€4.2m | €4.3m | €439,000 | −€2.2m | −€2.0m | €565,952 |
| Capital spending | −€989,000 | −€470,000 | −€443,000 | −€1.3m | −€4.3m | −€1.3m | −€1.4m | −€4.6m | −€11.6m | −€2.7m |
| Free cash flow | €4.9m | €1.0m | €7.9m | €4.2m | −€8.5m | €3.0m | −€936,000 | −€6.8m | −€13.7m | −€2.1m |
| Dividends paid | −€26,000 | −€27,000 | −€441,000 | −€30,000 | −€9,000 | −€9,000 | −€9,000 | −€2.1m | −€1.6m | −€631,483 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €24.0m | €21.3m | €18.4m | €19.2m | €19.6m | €21.5m | €21.4m | €21.5m |
| Operating income | €431,000 | €815,000 | €422,000 | €99,000 | −€600,000 | €626,000 | €758,000 | €2,000 |
| Net income | €408,000 | €854,000 | €133,000 | €407,000 | −€1.3m | €419,000 | €652,000 | −€624,000 |
| Diluted earnings per share | 0.02 | 0.04 | 0.01 | 0.03 | -0.09 | 0.03 | 0.03 | -0.03 |
| Cash from operations | −€2.0m | −€1.0m | €2.0m | €3.0m | €1.0m | −€2.0m | −€1.0m | — |
| Total assets | €93.2m | €87.0m | €82.9m | €83.4m | €84.5m | €91.5m | €91.3m | €98.5m |
| Cash and short-term investments | €7.2m | €8.2m | €9.5m | €10.0m | €7.6m | €8.8m | €9.0m | €12.7m |
| Debt | €25.3m | €23.6m | €26.1m | €27.2m | €28.4m | €30.5m | €27.7m | €29.8m |
| Shareholders' equity | €44.3m | €43.7m | €42.6m | €42.4m | €42.3m | €44.9m | €45.9m | €45.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.1% | -3.0% | 5.6% |
| Operating income | -13.8% | — | -5.3% |
| Net income | — | -36.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.6% | 2.0% | 1.4% | -2.8% |
| Net margin | 0.5% | -0.4% | -0.6% | -4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -47.2 | 25.7 | -10.4 | 67.7 | 100.8 | -32.5 | -8.5 | -1.1 | -25.7 | 27.2 |
| Price to sales | 0.2 | 0.3 | 0.3 | 0.5 | 0.8 | 1.0 | 0.7 | 0.4 | 1.5 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Sept 2023.
| FY2023 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|
| Paid in the year | 0.02 | 0.10 | 0.10 | 0.04 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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