| Market Cap | €143.1M | |
| Enterprise Value | €164.2M | |
| Revenue | €95.6M | +2.2% |
| Gross Profit | €58.2M | +7.4% |
| EBITDA | — | — |
| Net Income | €952,000 | — |
| Diluted EPS | €0.08 | — |
| Free Cash Flow | €5.4M | +150.7% |
| Ratio | 2022 | 2023 | 2024 | 2025 | Trend · 4y | vs own |
|---|---|---|---|---|---|---|
| ▾Margins | ||||||
| Gross Margin | — | 59.84% | 57.97% | 60.92% | 83% | |
| Operating Margin | — | −2.40% | −4.20% | 4.08% | 83% | |
| NOPAT Margin | — | −1.90% | −3.32% | 4.08% | 83% | |
| Net Margin | — | −3.99% | −5.75% | 1.00% | 83% | |
| FCF Margin | — | −1.44% | 2.32% | 5.68% | 83% | |
| FCFF Margin | — | — | — | 7.27% | — | 50% |
| FCFE Margin | — | −11.16% | −2.40% | −2.10% | 83% | |
| OCF Margin | — | 0.63% | 4.18% | 6.56% | 83% | |
| Gross Profitability | — | 55.40% | 45.76% | 51.82% | 50% | |
| Capex Intensity | — | 2.07% | 1.87% | 0.88% | 17% | |
| ▸Returns on Capital · 6 ratios | ||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||
| ▸Earnings quality · 5 ratios | ||||||
| ▸Liquidity & coverage · 7 ratios | ||||||
| ▸Leverage · 6 ratios | ||||||
| ▸Working capital · 8 ratios | ||||||
| ▸Capital allocation · 1 ratios | ||||||
| ▸Per share · 3 ratios | ||||||
| ▸Other · 1 ratios | ||||||
The five drivers multiply to 2.6% vs reported ROE 2.8%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | €100.0M | €93.5M | €95.6M |
| YoY % | -6.5% | +2.2% | |
| Cost of Revenue | €40.2M | €39.3M | €37.4M |
| YoY % | -2.2% | -4.9% | |
| Gross Profit | €59.9M | €54.2M | €58.2M |
| YoY % | -9.4% | +7.4% | |
| R&D Expense | €24.4M | €23.1M | €23.4M |
| YoY % | -5.2% | +1.3% | |
| Selling & Marketing Expense | €31.4M | €28.6M | €24.2M |
| YoY % | -8.9% | -15.5% | |
| SG&A Expense | €6.4M | €6.4M | €6.7M |
| YoY % | -0.7% | +5.0% | |
| Operating Income | -€2.4M | -€3.9M | €3.9M |
| Interest Expense | €1.0M | €1.4M | €1.5M |
| YoY % | +36.0% | +11.2% | |
| Interest & Investment Income | €21,000 | €11,000 | €122,000 |
| YoY % | -47.6% | +1009.1% | |
| Pretax Income | -€3.9M | -€4.7M | €924,000 |
| Income Tax | €89,000 | €638,000 | -€27,000 |
| YoY % | +616.9% | ||
| Net Income (incl. NCI) | -€4.0M | -€5.4M | €952,000 |
| Minority Interest (P&L) | €0 | €0 | €0 |
| Net Income | -€4.0M | -€5.4M | €952,000 |
| EPS (Basic) | -€0.35 | -€0.47 | €0.08 |
| EPS (Diluted) | -€0.35 | -€0.47 | €0.08 |
Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
