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Consolidated Statements of Cash Flows - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of cash flows [abstract]      
Net income (loss) for the period € (15,174) € (3,880) [1],[2] € (7,046) [1],[2]
Non-cash items:      
Depreciation of property, plant, and equipment 1,960 385 [2] 203 [2]
Amortization of intangible assets 5,736 3,180 [2] 2,881 [2]
Impairment of intangible assets and goodwill 703 3,324 [2] 25 [2]
Net finance expenses 8,950 958 [2] 543 [2]
Gain/loss on disposal of tangible and intangible assets 1 0 [2] 8 [2]
Share-based compensation expense 2,335 4,091 [2] 488 [2]
Change in operating assets and liabilities:      
Change in contract liabilities 9,365 722 [2] (374) [2]
Changes in tax positions (3,488) 596 [2] (868) [2]
Change in provisions 1,232 (906) [2] (594) [2]
Change in other operating assets and liabilities (383) (127) [2] (87) [2]
Changes in working capital:      
Change in current trade and other receivables 4,880 3,486 [2] (81) [2]
Change in current trade and other payables (1,134) (2,930) [2] 4,231 [2]
Cash inflow (outflow) from operating activities 14,983 8,899 [2] (671) [2]
Interest paid (5,893) (442) [2] (509) [2]
Interest received 171 0 [2] 0 [2]
Taxes paid (705) 0 [2] 0 [2]
Proceeds from lease receivables 78 0 [2] 0 [2]
Net cash inflow (outflow) from operating activities 8,634 8,457 [2] (1,180) [2]
Expenditure for investments in intangible assets (3,882) (3,219) [2] (2,418) [2]
Expenditure for investments in property, plant and equipment (83) (312) [2] (1,755) [2]
Cash acquired in business combinations 0 0 [2] 6,606 [2]
Cash paid for business combination, net of cash acquired (81,048) 0 [2] 0 [2]
Settlement of contingent consideration in connection with a business combination 0 0 [2] (295) [2]
Proceeds from the disposal of discontinued operations 0 0 [2] 250 [2]
Cash inflow (outflow) from investing activities (85,013) (3,531) [2] 2,388 [2]
Proceeds from stock option exercises 381 483 [2] 120 [2]
Proceeds from bank loans 99,288 14,910 [2] 0 [2]
Repayment of bank loans (17,539) (2,814) [2] (5) [2]
Payments directly related to loan facility (56) (60) [2] 0 [2]
Payment of lease liabilities (1,008) 0 [2] 0 [2]
Cash paid for settlement of share-based payment arrangements (453) (3,161) [2] 0 [2]
Cash paid for repurchase of options (3) 0 [2] 0 [2]
Settlement of deferred compensation in connection with a business combination 0 0 [2] (1,000) [2]
Proceeds from shareholder loans 0 220 [2] 0 [2]
Repayment of shareholder loans 0 (6,157) [2] 0 [2]
Cash merger consideration payments to Affinitas shareholders 0 (5,730) [2] 0 [2]
Cash inflow (outflow) from financing activities 80,610 (2,309) [2] (885) [2]
Net change in cash and cash equivalents 4,231 2,617 [2] 323 [2]
Cash and cash equivalents at January 1 [2] 11,095 [3] 8,214 8,064
Effects of exchange rate fluctuations on cash 124 264 [2] (173) [2]
Cash and cash equivalents at December 31 € 15,450 € 11,095 [2],[3] € 8,214 [2]
[1] (1) Comparative figures for the years ended December 31, 2018 and 2017 were restated for errors. For further information, see Note 8.4.
[2] (1) Comparative figures for the years ended December 31, 2018 and 2017 were restated for errors. For further information, see Note 8.4.
[3] (1) Comparative figures for the year ended December 31, 2018 were restated for errors. For further information, see Note 8.4.