A 
3.12
+0.97%
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 6.9m
FY2016FY2025
Net income
−SEK 12.2m
FY2016FY2025
Free cash flow
−SEK 33.6m
FY2016FY2025
Shareholders' equity
SEK 16.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 6.9m | SEK 4.7m | SEK 10.6m | SEK 5.0m | SEK 3.0m | SEK 4.9m | SEK 1.9m | SEK 1.1m | SEK 2.5m | SEK 2.7m |
| Operating income | −SEK 14.5m | −SEK 16.1m | −SEK 17.5m | −SEK 14.3m | −SEK 12.1m | −SEK 7.7m | −SEK 9.6m | −SEK 9.0m | −SEK 6.1m | −SEK 643,000 |
| Net income | −SEK 12.2m | −SEK 15.1m | −SEK 17.1m | −SEK 13.2m | −SEK 12.4m | −SEK 8.2m | −SEK 9.7m | −SEK 9.0m | −SEK 6.1m | −SEK 830,000 |
| Diluted earnings per share | -0.56 | -1.01 | -1.28 | -1.00 | -0.94 | -0.71 | -0.94 | -0.87 | -0.92 | -0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 17.9m | SEK 12.3m | SEK 34.5m | SEK 42.7m | SEK 36.6m | SEK 13.2m | SEK 8.0m | SEK 17.4m | SEK 4.9m | SEK 12.0m |
| Cash and short-term investments | SEK 6.3m | SEK 3.6m | SEK 24.0m | SEK 34.0m | SEK 31.5m | SEK 8.1m | SEK 5.1m | SEK 15.5m | SEK 2.4m | SEK 461,000 |
| Total liabilities | SEK 1.6m | SEK 3.9m | SEK 10.4m | SEK 22.5m | SEK 3.5m | SEK 3.6m | SEK 2.1m | SEK 1.9m | SEK 1.1m | SEK 2.1m |
| Shareholders' equity | SEK 16.3m | SEK 8.5m | SEK 24.1m | SEK 20.1m | SEK 33.0m | SEK 9.6m | SEK 5.9m | SEK 15.6m | SEK 3.9m | SEK 10.0m |
| Shares outstanding | 22m | 15m | 13m | 13m | 13m | 12m | 10m | 10m | 7m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 16.8m | −SEK 18.8m | −SEK 31.6m | SEK 4.0m | −SEK 10.9m | −SEK 7.0m | −SEK 9.8m | −SEK 7.4m | −SEK 8.5m | −SEK 214,000 |
| Capital spending | −SEK 16.8m | −SEK 1.0m | −SEK 213,000 | −SEK 1.0m | −SEK 1.3m | −SEK 1.6m | −SEK 587,000 | −SEK 159,000 | −SEK 494,000 | — |
| Free cash flow | −SEK 33.6m | −SEK 19.8m | −SEK 31.8m | SEK 3.0m | −SEK 12.2m | −SEK 8.6m | −SEK 10.4m | −SEK 7.6m | −SEK 9.0m | −SEK 214,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 2.1m | SEK 2.1m | SEK 2.5m | SEK 1.2m | SEK 1.6m | SEK 1.6m | SEK 1.2m | SEK 1.2m |
| Operating income | −SEK 3.6m | −SEK 3.0m | −SEK 2.8m | −SEK 3.5m | −SEK 2.5m | −SEK 3.3m | −SEK 3.7m | −SEK 3.4m |
| Net income | −SEK 3.5m | −SEK 2.4m | −SEK 2.6m | −SEK 2.7m | −SEK 2.8m | −SEK 4.0m | −SEK 2.8m | −SEK 3.8m |
| Diluted earnings per share | -0.17 | -0.11 | -0.12 | -0.12 | -0.13 | -0.18 | -0.19 | -0.26 |
| Cash from operations | −SEK 4.0m | SEK 8.0m | −SEK 5.0m | −SEK 4.0m | −SEK 5.0m | — | −SEK 5.0m | −SEK 7.0m |
| Capital spending | — | — | −SEK 5.0m | — | — | — | — | — |
| Free cash flow | — | — | −SEK 10.0m | — | — | — | — | — |
| Total assets | SEK 21.5m | SEK 26.5m | SEK 17.9m | SEK 21.9m | SEK 26.3m | SEK 11.8m | SEK 12.3m | SEK 18.3m |
| Cash and short-term investments | SEK 9.5m | SEK 14.6m | SEK 6.3m | SEK 11.8m | SEK 16.7m | SEK 3.4m | SEK 3.6m | SEK 9.5m |
| Shareholders' equity | SEK 9.8m | SEK 13.7m | SEK 16.3m | SEK 18.7m | SEK 21.3m | SEK 4.9m | SEK 8.5m | SEK 11.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.4% | 6.8% | 15.8% |
| Operating income | 0.4% | 13.4% | 47.6% |
| Net income | -2.7% | 8.1% | 45.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -264.3% | -230.5% | -234.9% | -241.1% |
| Net margin | -235.0% | -212.3% | -223.0% | -232.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.1 | -5.8 | -6.5 | -7.9 | -14.4 | -17.5 | -5.4 | -4.8 | -6.2 |
| Price to sales | 9.0 | 18.4 | 10.5 | 21.0 | 59.5 | 29.2 | 28.1 | 40.5 | 15.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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