Financial Information
Financial Highlights
| USD '000 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Income Statement | |||||
| Revenue | 30,167 | 9,194 | 2,103 | 20,847 | 6,793 |
| Production costs | (5,202) | (3,019) | (2,250) | (549) | - |
| Gross profit | 24,965 | 6,175 | (147) | 20,299 | 6,793 |
| Selling, general and administrative costs | (32,458) | (34,407) | (17,808) | (14,976) | (4,945) |
| Research and development costs | (866) | (636) | (11,345) | (15,224) | (26,088) |
| Other operating income | - | 100 | - | - | - |
| Operating result | (8,359) | (28,768) | (29,300) | (9,901) | (24,240) |
| Net financial income / (expenses) | (2,090) | (45) | 2,168 | 3,531 | (788) |
| Result before tax | (10,449) | (28,813) | (27,132) | (6,369) | (25,028) |
| Tax for the period | 907 | 18,678 | 953 | 234 | 223 |
| Net result for the period | (9,542) | (10,135) | (26,179) | (6,136) | (24,806) |
| Statement of Financial Position | |||||
| Cash and cash equivalents | 7,766 | 3,359 | 15,763 | 44,178 | 60,719 |
| Total assets | 41,921 | 29,884 | 21,809 | 47,983 | 64,453 |
| Total equity | 5,316 | 10,195 | 13,127 | 41,371 | 51,553 |
| Investment in property, plant and equipment | 564 | 176 | 48 | 295 | 195 |
| Cash Flow Statement | |||||
| Cash flow from operating activities | (7,710) | (28,057) | (26,392) | (13,050) | (28,089) |
| Cash flow from investing activities | (564) | (176) | (48) | (430) | (188) |
| Cash flow from financing activities | 12,435 | 15,981 | 48 | 167 | (575) |
| Cash and cash equivalents at period end | 7,766 | 3,359 | 15,763 | 44,178 | 60,719 |
| Financial Ratios | |||||
| Basic and diluted EPS (DKK) | (0.01) | (0.01) | (0.02) | (0.02) | (0.08) |
| Weighted average number of shares | 1,708,325,635 | 1,688,679,397 | 1,663,334,241 | 1,662,266,639 | 1,660,353,248 |
| Average number of employees (FTEs) | 51 | 54 | 38 | 26 | 26 |
| Assets/equity | 7.89 | 2.93 | 1.66 | 1.16 | 1.25 |
| Share price DKK | 0.86 | 1.08 | 1.75 | 1.15 | 0.70 |
| Average exchange rates DKK/USD | 6.5301 | 6.6940 | 6.7269 | 5.6190 | 5.6160 |
| Period End exchange rate DKK/USD | 6.2019 | 7.0460 | 6.8300 | 6.1214 | 5.4127 |