S 
3.34
-4.02%
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 22.2m
FY2016FY2025
Net income
DKK 6.9m
FY2016FY2025
Free cash flow
DKK 15.2m
FY2016FY2025
Shareholders' equity
DKK 194.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 22.2m | DKK 20.4m | DKK 25.1m | DKK 48.0m | DKK 31.2m | DKK 15.7m | DKK 323.8m | DKK 334.2m | DKK 313.3m | DKK 256.8m |
| Research and development | — | — | — | DKK 1 | DKK 2 | DKK 2 | — | — | — | — |
| Operating income | DKK 12.7m | DKK 11.6m | DKK 11.4m | DKK 44.9m | DKK 7.4m | DKK 2.6m | −DKK 2.5m | −DKK 3.5m | DKK 800,000 | −DKK 3.1m |
| Net income | DKK 6.9m | DKK 15.5m | DKK 11.0m | DKK 28.0m | DKK 36.0m | DKK 25.6m | DKK 400,000 | DKK 13.0m | DKK 2.4m | −DKK 6.1m |
| Diluted earnings per share | 0.16 | 0.32 | 0.23 | 0.53 | 0.61 | 0.46 | 0.01 | 0.25 | 0.05 | -0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 377.1m | DKK 307.2m | DKK 299.0m | DKK 297.0m | DKK 294.9m | DKK 179.2m | DKK 117.2m | DKK 103.5m | DKK 88.9m | DKK 98.7m |
| Cash and short-term investments | DKK 127.2m | DKK 116.4m | DKK 112.2m | DKK 110.6m | DKK 117.8m | DKK 85.6m | DKK 13.2m | −DKK 17.9m | DKK 8.4m | DKK 2.5m |
| Total liabilities | DKK 182.3m | DKK 113.2m | DKK 111.3m | DKK 114.4m | DKK 132.8m | DKK 58.7m | DKK 14.8m | DKK 26.3m | DKK 25.1m | DKK 33.1m |
| Debt | DKK 172.4m | DKK 105.8m | DKK 103.6m | DKK 107.1m | DKK 124.3m | DKK 53.3m | — | DKK 6.9m | — | — |
| Shareholders' equity | DKK 194.8m | DKK 194.0m | DKK 187.7m | DKK 182.6m | DKK 162.1m | DKK 120.5m | DKK 102.4m | DKK 77.2m | DKK 63.8m | DKK 65.6m |
| Shares outstanding | 44m | 49m | 49m | 53m | 59m | 55m | 53m | 53m | 53m | 55m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 15.2m | DKK 11.6m | DKK 13.4m | DKK 12.5m | DKK 10.7m | DKK 97.3m | DKK 25.7m | −DKK 13.1m | DKK 3.1m | −DKK 16.6m |
| Capital spending | — | — | — | — | — | — | −DKK 1.0m | −DKK 700,000 | −DKK 100,000 | — |
| Free cash flow | DKK 15.2m | DKK 11.6m | DKK 13.4m | DKK 12.5m | DKK 10.7m | DKK 97.3m | DKK 24.7m | −DKK 13.8m | DKK 3.0m | −DKK 16.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 12.8m | DKK 11.8m | DKK 14.1m | DKK 10.4m | DKK 19.3m | DKK 9.7m | DKK 15.1m | DKK 4.3m |
| Operating income | DKK 7.8m | DKK 6.5m | DKK 12.3m | DKK 6.2m | DKK 17.4m | DKK 8.7m | DKK 7.0m | DKK 3.5m |
| Net income | DKK 23.0m | DKK 1.0m | DKK 5.9m | DKK 6.0m | DKK 9.5m | DKK 4.8m | DKK 1.2m | DKK 600,000 |
| Diluted earnings per share | 0.50 | 0.02 | 0.14 | 0.12 | 0.19 | 0.10 | 0.02 | 0.01 |
| Cash from operations | DKK 9.0m | DKK 8.0m | DKK 6.0m | DKK 6.0m | DKK 5.0m | DKK 2.0m | DKK 6.0m | DKK 3.0m |
| Total assets | DKK 401.9m | DKK 377.1m | DKK 319.7m | DKK 307.2m | DKK 307.4m | DKK 307.4m | DKK 299.0m | DKK 299.0m |
| Cash and short-term investments | DKK 160.2m | DKK 127.2m | DKK 129.1m | DKK 116.4m | DKK 120.9m | DKK 120.9m | DKK 112.2m | DKK 112.2m |
| Debt | DKK 173.2m | DKK 172.4m | DKK 116.3m | DKK 105.8m | DKK 110.2m | DKK 18.7m | DKK 103.6m | DKK 12.9m |
| Shareholders' equity | DKK 221.3m | DKK 194.8m | DKK 197.1m | DKK 194.0m | DKK 190.3m | DKK 190.3m | DKK 187.7m | DKK 187.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.7% | 7.2% | — |
| Operating income | -34.4% | 37.3% | — |
| Net income | -37.3% | -23.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 57.0% | 69.7% | 55.7% | — |
| Net margin | 52.6% | 53.1% | 75.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.5 | 9.9 | 11.9 | 5.9 | 4.5 | 4.0 | 229.2 | 5.6 | 27.4 | -9.1 |
| Price to sales | 7.0 | 7.5 | 5.2 | 3.4 | 5.2 | 6.5 | 0.3 | 0.2 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Apr 2008.
| FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 1.099 | 1.099 | 1.50 | 1.00 | 0.60 | 0.60 | 0.60 |
- 10-for-1 split · 3 May 2006
- 10-for-1 split · 26 May 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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