S 
590.00
+0.85%
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
—
FY2016FY2024
Net income
−DKK 298,000
FY2016FY2024
Free cash flow
−DKK 3.4m
FY2016FY2024
Shareholders' equity
DKK 19.2m
FY2016FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | DKK 36.2m | — | — | — | — | — |
| Gross profit | — | — | −DKK 782,000 | DKK 18.1m | −DKK 5.2m | −DKK 3.8m | −DKK 1.4m | −DKK 746,000 | −DKK 572,000 |
| Research and development | — | — | — | DKK 229.9m | DKK 261.1m | DKK 285.4m | DKK 155.0m | DKK 99.0m | DKK 55.8m |
| Operating income | −DKK 201,000 | −DKK 27.0m | −DKK 41.2m | −DKK 83.5m | −DKK 620.9m | −DKK 336.0m | −DKK 231.7m | −DKK 131.0m | −DKK 63.5m |
| Net income | −DKK 298,000 | −DKK 26.0m | −DKK 110.6m | −DKK 626.5m | −DKK 633.2m | −DKK 337.5m | −DKK 229.6m | −DKK 126.2m | −DKK 57.9m |
| Diluted earnings per share | -8.37 | -737.90 | -3,132.97 | -17,901.12 | -20,626.91 | -16,874.85 | -11,480.00 | -9,708.00 | -5,793.50 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 23.6m | DKK 19.3m | DKK 56.8m | DKK 173.2m | DKK 822.5m | DKK 180.8m | DKK 441.3m | DKK 662.8m | DKK 31.9m |
| Cash and short-term investments | DKK 20.0m | DKK 18.2m | DKK 38.9m | DKK 102.3m | DKK 726.9m | DKK 123.6m | DKK 394.7m | DKK 631.7m | DKK 14.3m |
| Total liabilities | DKK 4.3m | DKK 5.1m | DKK 15.9m | DKK 163.9m | DKK 202.0m | DKK 127.8m | DKK 53.1m | DKK 47.1m | DKK 14.4m |
| Debt | — | — | — | DKK 40.0m | DKK 70.7m | DKK 77.1m | — | — | — |
| Shareholders' equity | DKK 19.2m | DKK 14.2m | DKK 41.0m | DKK 9.3m | DKK 620.5m | DKK 53.0m | DKK 388.2m | DKK 615.7m | DKK 17.5m |
| Shares outstanding | 0m | 0m | 0m | 0m | 0m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −DKK 3.4m | −DKK 20.0m | −DKK 104.5m | −DKK 602.6m | −DKK 539.1m | −DKK 326.8m | −DKK 234.8m | −DKK 95.4m | −DKK 54.7m |
| Capital spending | — | — | −DKK 13.4m | −DKK 994,000 | −DKK 5.1m | −DKK 3.3m | −DKK 2.3m | −DKK 1.5m | −DKK 238,000 |
| Free cash flow | −DKK 3.4m | −DKK 20.0m | −DKK 117.9m | −DKK 603.6m | −DKK 544.2m | −DKK 330.1m | −DKK 237.1m | −DKK 96.9m | −DKK 55.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 100,000 | DKK 309,000 | — | — | — | — | — | — |
| Gross profit | DKK 100,000 | DKK 309,000 | — | — | — | — | — | −DKK 1.8m |
| Operating income | −DKK 927,000 | −DKK 998,000 | −DKK 1.4m | −DKK 1.4m | −DKK 1.5m | −DKK 14.2m | −DKK 12.8m | −DKK 13.9m |
| Net income | DKK 1.0m | DKK 328,000 | −DKK 1.2m | −DKK 2.1m | DKK 1.8m | −DKK 13.3m | −DKK 12.8m | −DKK 36.6m |
| Diluted earnings per share | 24.44 | 7.87 | -28.47 | -60.28 | 51.91 | -375.75 | -362.15 | -1,037.20 |
| Cash from operations | −DKK 1.0m | DKK 2.0m | −DKK 4.0m | −DKK 3.0m | — | — | — | −DKK 103.0m |
| Total assets | DKK 20.1m | DKK 19.5m | DKK 18.9m | DKK 23.6m | DKK 17.9m | DKK 19.3m | DKK 36.2m | DKK 58.1m |
| Cash and short-term investments | DKK 16.5m | DKK 15.9m | DKK 15.3m | DKK 20.0m | DKK 17.8m | DKK 18.2m | DKK 30.3m | DKK 42.5m |
| Shareholders' equity | DKK 19.4m | DKK 18.4m | DKK 18.1m | DKK 19.2m | DKK 16.1m | DKK 14.2m | DKK 28.9m | DKK 41.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -61.0% | -67.0% | -27.3% |
| Net income | -80.2% | -73.3% | -33.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -33.9 | -98.6 | -1.8 | -0.1 | -0.3 | -0.6 | -0.8 | -0.7 | -1.4 |
| Price to sales | 94.2 | — | — | — | 5.2 | — | — | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1000-to-1 reverse split · 6 Dec 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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