A
0.53
-5.73%
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.
Net income
−SEK 76.3m
FY2017FY2025
Free cash flow
−SEK 72.3m
FY2017FY2025
Shareholders' equity
SEK 99.5m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −SEK 888,000 | −SEK 938,000 | −SEK 1.0m | −SEK 3.9m | −SEK 8.7m | −SEK 825,000 | −SEK 62,000 | −SEK 2.5m | — |
| Research and development | SEK 56.8m | SEK 50.8m | SEK 81.3m | SEK 118.1m | SEK 107.6m | SEK 64.8m | SEK 26.9m | SEK 15.6m | SEK 9.4m |
| Operating income | −SEK 74.1m | −SEK 67.8m | −SEK 110.9m | −SEK 147.0m | −SEK 137.9m | −SEK 93.4m | −SEK 36.7m | −SEK 37.4m | −SEK 24.7m |
| Net income | −SEK 76.3m | −SEK 80.0m | −SEK 109.3m | −SEK 131.2m | −SEK 125.9m | −SEK 98.7m | −SEK 39.9m | −SEK 37.1m | −SEK 24.4m |
| Diluted earnings per share | -0.60 | -0.83 | -3.24 | -3.90 | -3.10 | -3.45 | -1.70 | -1.14 | -0.75 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 111.9m | SEK 140.9m | SEK 87.1m | SEK 218.6m | SEK 333.5m | SEK 255.4m | SEK 250.2m | SEK 287.4m | SEK 116.1m |
| Cash and short-term investments | SEK 49.9m | SEK 75.3m | SEK 21.9m | SEK 149.6m | SEK 261.6m | SEK 184.7m | SEK 184.2m | SEK 225.0m | SEK 55.1m |
| Total liabilities | SEK 12.5m | SEK 62.0m | SEK 12.7m | SEK 37.7m | SEK 25.7m | SEK 19.3m | SEK 13.2m | SEK 11.3m | SEK 4.4m |
| Debt | SEK 1.0m | SEK 25.4m | SEK 1.1m | SEK 484,000 | SEK 1.7m | SEK 1.8m | SEK 215,000 | SEK 146,000 | — |
| Shareholders' equity | SEK 99.5m | SEK 78.9m | SEK 74.3m | SEK 180.9m | SEK 307.8m | SEK 236.1m | SEK 237.1m | SEK 276.1m | SEK 111.7m |
| Shares outstanding | 127m | 96m | 34m | 34m | 41m | 29m | 23m | 33m | 33m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 72.3m | −SEK 62.8m | −SEK 126.8m | −SEK 125.3m | −SEK 116.6m | −SEK 85.5m | −SEK 36.9m | −SEK 30.3m | −SEK 21.0m |
| Capital spending | −SEK 57,000 | — | −SEK 126.8m | −SEK 65,000 | −SEK 38,000 | −SEK 397,000 | −SEK 397,000 | −SEK 397,000 | −SEK 397,000 |
| Free cash flow | −SEK 72.3m | −SEK 62.8m | −SEK 253.6m | −SEK 125.3m | −SEK 116.6m | −SEK 85.9m | −SEK 37.3m | −SEK 30.7m | −SEK 21.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −SEK 12.2m | −SEK 17.3m | −SEK 15.5m | −SEK 15.3m | −SEK 23.0m | −SEK 20.3m | −SEK 21.9m | −SEK 17.8m |
| Net income | −SEK 12.2m | −SEK 16.4m | −SEK 15.9m | −SEK 15.7m | −SEK 23.0m | −SEK 21.7m | −SEK 28.3m | −SEK 21.7m |
| Diluted earnings per share | -0.09 | -0.12 | -0.13 | -0.12 | -0.18 | -0.17 | -0.29 | -0.23 |
| Cash from operations | −SEK 13.0m | −SEK 15.0m | −SEK 21.0m | −SEK 15.0m | −SEK 17.0m | — | −SEK 18.0m | −SEK 17.0m |
| Total assets | SEK 100.2m | SEK 96.9m | SEK 111.9m | SEK 136.4m | SEK 125.3m | SEK 123.0m | SEK 140.9m | SEK 161.4m |
| Cash and short-term investments | SEK 38.0m | SEK 33.9m | SEK 49.9m | SEK 72.3m | SEK 60.4m | SEK 57.3m | SEK 75.3m | SEK 95.7m |
| Debt | SEK 521,000 | SEK 689,000 | SEK 970,000 | SEK 1.2m | SEK 8.2m | SEK 27.2m | SEK 25.4m | SEK 26.6m |
| Shareholders' equity | SEK 89.8m | SEK 82.9m | SEK 99.5m | SEK 114.4m | SEK 93.7m | SEK 57.8m | SEK 78.9m | SEK 107.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -20.4% | -4.5% | — |
| Net income | -16.6% | -5.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -0.9 | -0.2 | -0.2 | -0.3 | -0.5 | -0.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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