X 
70.80
+2.61%
Close of 9 Nov 2026, in PLN
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 13.7m
FY2016FY2025
Net income
−PLN 23.3m
FY2016FY2025
Free cash flow
−PLN 19.9m
FY2016FY2025
Shareholders' equity
PLN 19.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 13.7m | PLN 12.3m | PLN 13.4m | PLN 10.0m | PLN 2.1m | PLN 64,000 | PLN 2.1m | PLN 2.3m | PLN 1.8m | PLN 38,577 |
| Gross profit | PLN 431,999 | PLN 1.6m | PLN 5.0m | PLN 3.2m | −PLN 2.7m | −PLN 2.8m | −PLN 5.3m | −PLN 809,000 | PLN 1.6m | −PLN 63,348 |
| Research and development | PLN 6.7m | PLN 9.2m | PLN 3.4m | PLN 5.2m | PLN 3.7m | PLN 2.5m | PLN 7.0m | PLN 3.1m | PLN 2.7m | — |
| Operating income | −PLN 23.6m | −PLN 23.0m | −PLN 4.8m | −PLN 4.6m | −PLN 6.4m | −PLN 8.6m | −PLN 24.1m | −PLN 7.2m | −PLN 4.0m | −PLN 2.3m |
| Net income | −PLN 23.3m | −PLN 22.1m | −PLN 4.9m | −PLN 2.1m | −PLN 6.6m | −PLN 8.6m | −PLN 24.2m | −PLN 7.2m | −PLN 4.0m | −PLN 2.3m |
| Diluted earnings per share | -8.80 | -8.33 | -2.19 | -1.10 | -3.16 | -4.13 | -12.71 | -4.04 | -2.34 | -1.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 47.0m | PLN 60.4m | PLN 47.9m | PLN 17.5m | PLN 12.5m | PLN 15.0m | PLN 8.8m | PLN 10.0m | PLN 8.1m | PLN 2.6m |
| Cash and short-term investments | PLN 6.6m | PLN 27.7m | PLN 27.3m | PLN 6.0m | PLN 4.6m | PLN 10.5m | PLN 4.2m | PLN 5.5m | PLN 6.2m | PLN 1.4m |
| Total liabilities | PLN 24.6m | PLN 19.9m | PLN 14.3m | PLN 13.5m | PLN 7.6m | PLN 4.6m | PLN 1.9m | PLN 1.0m | PLN 871,003 | PLN 862,377 |
| Debt | PLN 16.7m | PLN 7.9m | PLN 4.1m | PLN 3.9m | PLN 3.6m | PLN 3.2m | PLN 1,000 | PLN 26,000 | PLN 25,000 | PLN 350,220 |
| Shareholders' equity | PLN 19.4m | PLN 40.5m | PLN 33.6m | PLN 4.0m | PLN 5.0m | PLN 10.4m | PLN 6.9m | PLN 8.9m | PLN 7.2m | PLN 1.8m |
| Shares outstanding | 3m | 3m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 18.6m | −PLN 18.1m | −PLN 4.8m | PLN 4.7m | −PLN 3.8m | −PLN 5.8m | −PLN 10.6m | −PLN 6.8m | −PLN 3.8m | −PLN 1.9m |
| Capital spending | −PLN 1.3m | −PLN 6.2m | −PLN 7.8m | −PLN 2.6m | −PLN 2.1m | −PLN 892,000 | −PLN 328,000 | −PLN 2.6m | −PLN 548,444 | −PLN 231,988 |
| Free cash flow | −PLN 19.9m | −PLN 24.3m | −PLN 12.6m | PLN 2.1m | −PLN 5.9m | −PLN 6.7m | −PLN 10.9m | −PLN 9.4m | −PLN 4.3m | −PLN 2.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 298,000 | PLN 1.2m | PLN 2.9m | PLN 5.1m | PLN 3.6m | PLN 2.0m | PLN 5.6m | PLN 1.0m |
| Gross profit | −PLN 2.5m | −PLN 2.3m | PLN 3.7m | PLN 293,000 | −PLN 726,000 | −PLN 2.8m | PLN 501,000 | −PLN 3.7m |
| Operating income | −PLN 6.8m | −PLN 5.6m | −PLN 8.2m | −PLN 2.9m | −PLN 5.3m | −PLN 7.2m | −PLN 4.9m | −PLN 7.5m |
| Net income | −PLN 5.9m | −PLN 5.9m | −PLN 7.2m | −PLN 3.3m | −PLN 5.6m | −PLN 7.3m | −PLN 4.0m | −PLN 7.7m |
| Diluted earnings per share | -2.01 | -2.00 | -2.72 | -1.25 | -2.09 | -2.74 | -1.51 | -2.92 |
| Cash from operations | PLN 17.0m | −PLN 22.0m | −PLN 3.0m | −PLN 4.0m | −PLN 4.0m | −PLN 6.0m | −PLN 1.0m | −PLN 3.0m |
| Capital spending | −PLN 1.0m | — | — | — | — | — | −PLN 1.0m | −PLN 5.0m |
| Free cash flow | PLN 16.0m | — | — | — | — | — | −PLN 2.0m | −PLN 8.0m |
| Total assets | PLN 52.0m | PLN 61.2m | PLN 47.0m | PLN 51.5m | PLN 56.5m | PLN 52.9m | PLN 60.4m | PLN 38.2m |
| Cash and short-term investments | PLN 16.3m | PLN 2.1m | PLN 6.6m | PLN 9.9m | PLN 15.8m | PLN 20.2m | PLN 27.7m | PLN 4.8m |
| Debt | PLN 2.8m | PLN 2.4m | PLN 2.6m | PLN 2.2m | PLN 2.5m | — | PLN 2.2m | PLN 918,000 |
| Shareholders' equity | PLN 26.1m | PLN 32.4m | PLN 19.4m | PLN 24.4m | PLN 27.7m | PLN 33.2m | PLN 40.5m | PLN 18.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.9% | 192.5% | 226.3% |
| Operating income | 72.9% | 22.5% | 50.1% |
| Net income | 121.8% | 22.1% | 49.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.7% | 20.6% | 9.2% | 0.3% |
| Operating margin | -179.5% | -113.3% | -137.6% | -188.7% |
| Net margin | -174.8% | -106.0% | -130.9% | -183.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.3 | -11.9 | -74.6 | -84.1 | -14.5 | -16.8 | -9.8 | -40.9 | -27.0 |
| Price to sales | 14.1 | 21.4 | 27.0 | 17.9 | 45.6 | — | 114.5 | 130.0 | 60.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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