4 
5.06
+5.42%
Close of 9 Nov 2026, in SEK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in SEK, from our data supplier.
Revenue
SEK 352.4m
FY2019FY2025
Net income
−SEK 16.8m
FY2019FY2025
Free cash flow
−SEK 48.4m
FY2019FY2025
Shareholders' equity
SEK 268.9m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | SEK 352.4m | SEK 343.6m | SEK 332.1m | SEK 331.3m | SEK 263.7m | SEK 186.8m | SEK 179.5m |
| Research and development | — | — | SEK 17.5m | SEK 15.0m | SEK 12.2m | — | — |
| Operating income | SEK 11.2m | −SEK 5.9m | −SEK 5.6m | SEK 29.9m | SEK 49.4m | SEK 15.7m | SEK 9.0m |
| Net income | −SEK 16.8m | −SEK 3.5m | −SEK 9.3m | SEK 26.3m | SEK 39.0m | SEK 7.4m | SEK 7.9m |
| Diluted earnings per share | -0.44 | -0.10 | -0.27 | 0.74 | 1.17 | 0.22 | 0.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | SEK 517.5m | SEK 437.6m | SEK 386.4m | SEK 391.6m | SEK 243.9m | SEK 158.1m | SEK 161.7m |
| Cash and short-term investments | SEK 11.5m | SEK 24.2m | SEK 62.2m | SEK 146.8m | SEK 66.0m | SEK 22.7m | SEK 388,000 |
| Total liabilities | SEK 248.6m | SEK 200.3m | SEK 159.9m | SEK 159.9m | SEK 136.3m | SEK 91.5m | SEK 100.1m |
| Debt | SEK 111.9m | SEK 91.6m | SEK 61.6m | SEK 70.6m | SEK 49.5m | SEK 35.4m | SEK 42.7m |
| Shareholders' equity | SEK 268.9m | SEK 237.3m | SEK 226.5m | SEK 231.8m | SEK 107.6m | SEK 66.6m | SEK 61.7m |
| Shares outstanding | 38m | 35m | 35m | 36m | 33m | 34m | 34m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 47.0m | −SEK 25.7m | −SEK 17.7m | SEK 24.6m | SEK 75.5m | SEK 59.1m | SEK 40.1m |
| Capital spending | −SEK 1.4m | −SEK 41.1m | −SEK 37.1m | −SEK 28.6m | −SEK 20.2m | −SEK 18.0m | −SEK 14.2m |
| Free cash flow | −SEK 48.4m | −SEK 66.8m | −SEK 54.8m | −SEK 4.0m | SEK 55.3m | SEK 41.1m | SEK 25.9m |
| Dividends paid | — | — | — | — | −SEK 1.4m | −SEK 1.4m | −SEK 1.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 95.4m | SEK 60.1m | SEK 113.1m | SEK 72.7m | SEK 76.0m | SEK 91.1m | SEK 113.8m | SEK 93.8m |
| Operating income | SEK 12.3m | −SEK 19.7m | SEK 24.7m | −SEK 11.7m | −SEK 12.0m | −SEK 9.0m | SEK 26.5m | SEK 16.3m |
| Net income | SEK 15.1m | −SEK 17.8m | SEK 15.0m | −SEK 13.3m | −SEK 9.0m | −SEK 9.4m | SEK 24.3m | SEK 11.1m |
| Diluted earnings per share | 0.38 | -0.45 | 0.39 | -0.35 | -0.23 | -0.25 | 0.69 | 0.32 |
| Cash from operations | SEK 1.0m | −SEK 28.0m | SEK 5.0m | SEK 9.0m | −SEK 33.0m | −SEK 27.0m | SEK 43.0m | −SEK 17.0m |
| Capital spending | −SEK 8.0m | −SEK 7.0m | — | — | −SEK 9.0m | −SEK 9.0m | −SEK 12.0m | — |
| Free cash flow | −SEK 7.0m | −SEK 35.0m | — | — | −SEK 42.0m | −SEK 36.0m | SEK 31.0m | — |
| Total assets | SEK 572.0m | SEK 531.3m | SEK 517.5m | SEK 497.1m | SEK 491.5m | SEK 493.7m | SEK 437.6m | SEK 398.2m |
| Cash and short-term investments | SEK 1.2m | SEK 434,000 | SEK 11.5m | SEK 19.9m | SEK 20.5m | SEK 56.6m | SEK 24.2m | SEK 1.1m |
| Debt | SEK 152.5m | SEK 141.8m | SEK 130.3m | SEK 109.5m | SEK 100.7m | SEK 89.8m | SEK 67.5m | SEK 69.0m |
| Shareholders' equity | SEK 268.7m | SEK 251.3m | SEK 268.9m | SEK 254.7m | SEK 268.8m | SEK 280.4m | SEK 237.3m | SEK 211.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.1% | 13.5% | — |
| Operating income | -28.0% | -6.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.8% | 2.2% | 5.2% | — |
| Net margin | -2.9% | -0.2% | 2.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -16.8 | -58.1 | -36.3 | 18.3 |
| Price to sales | 0.8 | 0.6 | 1.0 | 1.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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