S 
0.69
+2.08%
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 7.0m
FY2018FY2025
Net income
−DKK 2.4m
FY2018FY2025
Free cash flow
−DKK 7.2m
FY2018FY2025
Shareholders' equity
DKK 9.5m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 7.0m | DKK 2.2m | DKK 3.8m | DKK 4.5m | DKK 1.6m | DKK 198,450 | DKK 8.8m | DKK 4.1m |
| Gross profit | −DKK 1.8m | −DKK 18.5m | −DKK 6.4m | −DKK 6.4m | −DKK 14.1m | −DKK 12.1m | −DKK 2.6m | −DKK 3.6m |
| Operating income | −DKK 1.8m | −DKK 33.1m | −DKK 15.9m | −DKK 16.5m | −DKK 14.0m | −DKK 12.0m | DKK 4.4m | −DKK 3.6m |
| Net income | −DKK 2.4m | −DKK 34.5m | −DKK 17.6m | −DKK 16.3m | −DKK 12.7m | −DKK 11.8m | DKK 1.7m | −DKK 3.3m |
| Diluted earnings per share | -0.06 | -0.95 | -1.08 | -1.35 | -1.03 | -1.01 | 0.19 | -0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 12.6m | DKK 19.7m | DKK 38.1m | DKK 39.6m | DKK 43.9m | DKK 56.3m | DKK 31.6m | DKK 21.7m |
| Cash and short-term investments | DKK 787,400 | DKK 1.4m | DKK 9.5m | DKK 4.4m | DKK 11.7m | DKK 26.4m | DKK 21.7m | DKK 18.1m |
| Total liabilities | DKK 3.2m | DKK 23.2m | DKK 12.3m | DKK 15.5m | DKK 3.7m | DKK 3.8m | DKK 18.1m | DKK 1.2m |
| Debt | DKK 2.0m | DKK 3.7m | DKK 9.7m | DKK 11.3m | DKK 1.2m | DKK 79,970 | DKK 16.6m | — |
| Shareholders' equity | DKK 9.5m | −DKK 3.5m | DKK 25.8m | DKK 24.1m | DKK 40.2m | DKK 52.6m | DKK 13.5m | DKK 20.5m |
| Shares outstanding | 42m | 36m | 16m | 12m | 12m | 12m | 9m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −DKK 7.2m | −DKK 7.1m | −DKK 10.0m | −DKK 15.0m | −DKK 13.3m | −DKK 12.7m | −DKK 2.5m | −DKK 5.6m |
| Capital spending | −DKK 4 | −DKK 44,413 | −DKK 176,390 | −DKK 935,866 | −DKK 3.3m | −DKK 18.5m | −DKK 8.4m | −DKK 21,044 |
| Free cash flow | −DKK 7.2m | −DKK 7.2m | −DKK 10.2m | −DKK 16.0m | −DKK 16.6m | −DKK 31.2m | −DKK 10.9m | −DKK 5.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 4.0m | DKK 3.0m | DKK 2.6m | DKK 1.9m | DKK 1.7m | DKK 781,654 | DKK 1.3m | −DKK 925,496 |
| Gross profit | −DKK 335,606 | −DKK 339,000 | −DKK 4,310 | DKK 41,500 | DKK 576,751 | DKK 781,654 | −DKK 8.3m | −DKK 2.4m |
| Operating income | −DKK 335,606 | −DKK 339,000 | −DKK 4,311 | DKK 41,500 | DKK 1,327 | −DKK 1.8m | −DKK 21.4m | −DKK 4.8m |
| Net income | −DKK 423,288 | −DKK 459,031 | −DKK 147,214 | −DKK 103,306 | −DKK 145,574 | −DKK 2.0m | −DKK 22.3m | −DKK 4.7m |
| Diluted earnings per share | -0.01 | -0.01 | -0.00 | -0.00 | -0.00 | -0.05 | -0.61 | -0.13 |
| Cash from operations | DKK 1.0m | — | −DKK 3.0m | — | −DKK 1.0m | −DKK 3.0m | DKK 1.0m | −DKK 1.0m |
| Total assets | DKK 12.3m | DKK 11.9m | DKK 12.6m | DKK 8.7m | DKK 8.6m | DKK 9.3m | DKK 19.7m | DKK 26.3m |
| Cash and short-term investments | DKK 1.7m | DKK 654,071 | DKK 787,400 | DKK 4.5m | DKK 4.9m | DKK 5.9m | DKK 1.4m | DKK 52,384 |
| Debt | DKK 1.0m | DKK 1.5m | DKK 2.0m | DKK 1.9m | DKK 2.8m | DKK 2.8m | DKK 3.2m | DKK 3.3m |
| Shareholders' equity | DKK 8.6m | DKK 9.0m | DKK 9.5m | DKK 2.2m | DKK 2.3m | DKK 2.4m | −DKK 3.5m | DKK 18.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.1% | 104.1% | — |
| Operating income | -52.5% | -31.8% | — |
| Net income | -47.3% | -27.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -219.2% | -189.2% | -307.5% | — |
| Operating margin | -376.8% | -384.8% | -484.7% | — |
| Net margin | -398.6% | -404.3% | -494.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -25.8 | -0.5 | -0.8 | -2.3 | -3.3 | -6.5 |
| Price to sales | 8.8 | 7.6 | 3.9 | 8.2 | 26.9 | 383.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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