R 
35.30
-0.56%
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 30.7m
FY2017FY2026
Net income
−DKK 8.8m
FY2017FY2026
Free cash flow
−DKK 6.2m
FY2017FY2026
Shareholders' equity
DKK 15.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 30.7m | DKK 37.0m | DKK 39.3m | DKK 28.3m | DKK 27.0m | DKK 27.5m | DKK 21.8m | DKK 28.2m | DKK 25.1m | DKK 39.0m |
| Research and development | DKK 3.1m | DKK 1.4m | DKK 1.3m | DKK 1.3m | DKK 677,000 | DKK 3.0m | DKK 3.0m | DKK 2.8m | DKK 2.7m | DKK 2.6m |
| Operating income | −DKK 7.3m | −DKK 988,000 | DKK 964,000 | −DKK 960,000 | −DKK 714,000 | −DKK 2.6m | −DKK 5.4m | −DKK 3.0m | −DKK 7.9m | −DKK 647,000 |
| Net income | −DKK 8.8m | −DKK 2.9m | DKK 166,000 | −DKK 1.7m | −DKK 1.6m | −DKK 3.4m | −DKK 6.8m | −DKK 4.0m | −DKK 9.9m | −DKK 2.7m |
| Diluted earnings per share | -10.37 | -4.22 | 0.29 | -3.64 | -3.30 | -7.25 | -14.94 | -9.12 | -24.36 | -7.77 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 30.8m | DKK 35.1m | DKK 35.3m | DKK 33.2m | DKK 32.5m | DKK 25.1m | DKK 27.2m | DKK 34.5m | DKK 35.9m | DKK 41.5m |
| Cash and short-term investments | DKK 41,000 | DKK 16,000 | DKK 15,000 | DKK 49,000 | DKK 2,000 | DKK 256,000 | DKK 268,000 | DKK 224,000 | DKK 143,000 | DKK 1.2m |
| Total liabilities | DKK 15.4m | DKK 24.4m | DKK 25.2m | DKK 26.6m | DKK 24.4m | DKK 15.6m | DKK 15.8m | DKK 15.9m | DKK 17.7m | DKK 23.2m |
| Debt | DKK 5.0m | DKK 10.8m | DKK 10.3m | DKK 11.9m | DKK 16.7m | DKK 8.3m | DKK 8.2m | DKK 10.4m | DKK 13.6m | DKK 7.2m |
| Shareholders' equity | DKK 15.4m | DKK 10.8m | DKK 10.2m | DKK 6.6m | DKK 8.1m | DKK 9.6m | DKK 11.4m | DKK 18.6m | DKK 18.2m | DKK 18.2m |
| Shares outstanding | 1m | 1m | 1m | 0m | 0m | 0m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −DKK 6.2m | −DKK 365,000 | DKK 1.1m | DKK 6.6m | −DKK 4.8m | −DKK 586,000 | DKK 5.4m | DKK 11,000 | −DKK 11.0m | −DKK 5.0m |
| Capital spending | −DKK 36,000 | −DKK 1.9m | −DKK 1.5m | −DKK 1.7m | −DKK 2.1m | −DKK 429,000 | −DKK 259,000 | −DKK 1.4m | −DKK 2.2m | −DKK 1.3m |
| Free cash flow | −DKK 6.2m | −DKK 2.2m | −DKK 390,000 | DKK 4.9m | −DKK 6.9m | −DKK 1.0m | DKK 5.1m | −DKK 1.4m | −DKK 13.2m | −DKK 6.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 17.4m | DKK 13.4m | DKK 19.7m | DKK 17.3m | DKK 21.4m | DKK 10.7m | DKK 17.9m | DKK 8.9m |
| Operating income | −DKK 2.6m | −DKK 4.8m | −DKK 210,000 | −DKK 778,000 | DKK 750,000 | DKK 375,000 | DKK 214,000 | DKK 107,000 |
| Net income | −DKK 3.4m | −DKK 5.4m | −DKK 1.5m | −DKK 1.4m | DKK 626,000 | DKK 313,000 | −DKK 460,000 | −DKK 230,000 |
| Diluted earnings per share | -4.02 | -7.83 | -2.23 | -2.38 | 1.10 | 0.55 | -0.97 | -0.48 |
| Cash from operations | −DKK 4.0m | −DKK 1.0m | −DKK 1.0m | DKK 1.0m | −DKK 9.0m | −DKK 4.0m | DKK 10.0m | DKK 5.0m |
| Total assets | DKK 30.8m | DKK 32.4m | DKK 35.1m | DKK 31.0m | DKK 35.3m | DKK 35.3m | DKK 31.5m | DKK 31.5m |
| Cash and short-term investments | DKK 41,000 | DKK 16,000 | DKK 16,000 | DKK 24,000 | DKK 15,000 | DKK 15,000 | DKK 881,000 | DKK 881,000 |
| Debt | DKK 2.2m | DKK 8.4m | DKK 8.7m | DKK 9.2m | DKK 9.5m | DKK 5.1m | DKK 4.3m | DKK 891,000 |
| Shareholders' equity | DKK 15.4m | DKK 8.3m | DKK 10.8m | DKK 8.4m | DKK 10.2m | DKK 10.2m | DKK 6.2m | DKK 6.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.8% | 2.2% | 1.4% |
| Operating income | 97.1% | 23.5% | -7.6% |
| Net income | 71.8% | 20.8% | -2.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -12.3% | -6.2% | -6.1% | -13.5% |
| Net margin | -17.2% | -9.7% | -9.6% | -15.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.3 | -12.3 | 136.9 | -10.4 | -17.7 | -11.3 | -3.6 | -5.5 | -3.3 | -18.9 |
| Price to sales | 0.9 | 1.0 | 0.6 | 0.6 | 1.0 | 1.4 | 1.1 | 0.8 | 1.3 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1000-to-1 reverse split · 26 Nov 2019
- 2-for-1 split · 20 Dec 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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