A 
101.40
+2.74%
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 295.3m
FY2016FY2025
Net income
−SEK 46.1m
FY2016FY2025
Free cash flow
−SEK 115.4m
FY2016FY2025
Shareholders' equity
SEK 712.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 295.3m | SEK 352.9m | SEK 276.6m | SEK 196.7m | SEK 179.9m | SEK 98.4m | SEK 66.4m | SEK 77.9m | SEK 13.3m | SEK 22.8m |
| Research and development | — | SEK 26.4m | SEK 1.8m | SEK 705,000 | SEK 10.3m | SEK 3.3m | SEK 4.6m | SEK 7.2m | SEK 5.2m | — |
| Operating income | −SEK 60.5m | −SEK 4.0m | −SEK 37.0m | −SEK 58.0m | −SEK 41.8m | −SEK 38.1m | −SEK 40.1m | −SEK 43.1m | −SEK 27.0m | −SEK 22.6m |
| Net income | −SEK 46.1m | −SEK 5.6m | −SEK 41.4m | −SEK 46.5m | −SEK 39.5m | −SEK 38.3m | −SEK 40.6m | −SEK 42.7m | −SEK 27.1m | −SEK 24.3m |
| Diluted earnings per share | -6.88 | -0.96 | -7.26 | -11.47 | -9.90 | -14.75 | -21.96 | -31.06 | -36.34 | -58.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 895.5m | SEK 988.6m | SEK 938.4m | SEK 881.4m | SEK 874.4m | SEK 636.3m | SEK 545.4m | SEK 453.0m | SEK 59.8m | SEK 102.1m |
| Cash and short-term investments | SEK 30.1m | SEK 49.7m | SEK 59.5m | SEK 52.1m | SEK 96.1m | SEK 62.4m | SEK 52.4m | SEK 12.2m | SEK 37.2m | SEK 77.7m |
| Total liabilities | SEK 184.8m | SEK 285.6m | SEK 275.6m | SEK 217.9m | SEK 195.6m | SEK 78.5m | SEK 79.3m | SEK 40.9m | SEK 16.4m | SEK 31.8m |
| Debt | SEK 37.2m | SEK 21.0m | SEK 40.8m | SEK 17.2m | SEK 15.7m | SEK 13.1m | SEK 14.9m | SEK 1.4m | SEK 2.0m | SEK 4.2m |
| Shareholders' equity | SEK 712.2m | SEK 704.0m | SEK 663.6m | SEK 663.5m | SEK 678.8m | SEK 557.8m | SEK 466.1m | SEK 412.1m | SEK 43.4m | SEK 70.3m |
| Shares outstanding | 7m | 6m | 6m | 4m | 4m | 3m | 2m | 1m | 1m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 72.6m | SEK 56.8m | SEK 4.9m | SEK 6.4m | −SEK 35.5m | −SEK 14.5m | −SEK 15.7m | −SEK 48.6m | −SEK 34.5m | −SEK 11.2m |
| Capital spending | −SEK 42.8m | −SEK 22.2m | −SEK 17.1m | −SEK 40.9m | −SEK 29.2m | −SEK 17.2m | −SEK 13.9m | −SEK 2.3m | −SEK 4.0m | −SEK 3.7m |
| Free cash flow | −SEK 115.4m | SEK 34.6m | −SEK 12.2m | −SEK 34.4m | −SEK 64.7m | −SEK 31.6m | −SEK 29.6m | −SEK 50.9m | −SEK 38.5m | −SEK 14.9m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −SEK 9.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 112.0m | SEK 67.7m | SEK 71.3m | SEK 76.3m | SEK 73.7m | SEK 74.0m | SEK 143.0m | SEK 84.8m |
| Operating income | −SEK 6.4m | −SEK 18.9m | −SEK 15.4m | −SEK 13.4m | −SEK 10.1m | −SEK 2.5m | SEK 20.4m | SEK 6.8m |
| Net income | −SEK 3.2m | −SEK 15.1m | −SEK 6.1m | −SEK 13.6m | −SEK 16.3m | −SEK 10.2m | SEK 17.1m | SEK 7.8m |
| Diluted earnings per share | -0.44 | -2.12 | -0.90 | -2.03 | -2.43 | -1.52 | 2.94 | 1.34 |
| Cash from operations | SEK 106.0m | −SEK 24.0m | −SEK 23.0m | −SEK 22.0m | SEK 1.0m | −SEK 27.0m | SEK 53.0m | SEK 9.0m |
| Capital spending | −SEK 16.0m | −SEK 12.0m | −SEK 8.0m | −SEK 16.0m | −SEK 13.0m | −SEK 10.0m | −SEK 13.0m | −SEK 11.0m |
| Free cash flow | SEK 90.0m | −SEK 36.0m | −SEK 31.0m | −SEK 38.0m | −SEK 12.0m | −SEK 37.0m | SEK 40.0m | −SEK 2.0m |
| Total assets | SEK 1.05bn | SEK 1.07bn | SEK 895.5m | SEK 900.6m | SEK 984.3m | SEK 918.0m | SEK 988.6m | SEK 965.7m |
| Cash and short-term investments | SEK 126.9m | SEK 27.4m | SEK 30.1m | SEK 21.5m | SEK 28.0m | SEK 21.6m | SEK 49.7m | SEK 25.4m |
| Debt | SEK 8.0m | SEK 43.2m | SEK 22.4m | SEK 44.0m | SEK 69.3m | SEK 46.9m | SEK 5.5m | SEK 6.0m |
| Shareholders' equity | SEK 769.5m | SEK 709.1m | SEK 712.2m | SEK 677.5m | SEK 703.2m | SEK 659.6m | SEK 704.0m | SEK 660.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.5% | 24.6% | 28.5% |
| Operating income | 1.4% | 9.7% | 12.4% |
| Net income | -0.3% | 3.8% | 9.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -10.0% | -14.2% | -17.1% | -24.4% |
| Net margin | -8.0% | -12.4% | -15.5% | -23.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.3 | -48.4 | -6.1 | -4.2 | -9.4 | -6.6 | -7.2 | -3.5 | -7.4 | -4.0 |
| Price to sales | 2.4 | 0.8 | 0.9 | 1.0 | 2.0 | 2.6 | 4.4 | 1.9 | 15.1 | 4.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 50-to-1 reverse split · 13 Nov 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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