A
3.45
-4.17%
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
—
FY2016FY2025
Net income
−SEK 37.3m
FY2016FY2025
Free cash flow
−SEK 64.8m
FY2016FY2025
Shareholders' equity
SEK 55.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | SEK 6.2m | SEK 6.7m | SEK 8.4m | SEK 20.1m | SEK 20.2m | SEK 19.0m |
| Research and development | SEK 25.2m | SEK 26.7m | SEK 32.5m | SEK 42.8m | SEK 34.5m | SEK 25.5m | SEK 28.5m | SEK 39.3m | SEK 49.4m | SEK 58.2m |
| Operating income | −SEK 37.6m | −SEK 39.8m | −SEK 46.5m | −SEK 58.2m | −SEK 49.8m | −SEK 32.3m | −SEK 32.2m | −SEK 29.9m | −SEK 102.8m | −SEK 54.7m |
| Net income | −SEK 37.3m | −SEK 39.4m | −SEK 45.8m | −SEK 58.7m | −SEK 49.9m | −SEK 32.1m | −SEK 36.1m | −SEK 36.9m | −SEK 108.8m | −SEK 59.6m |
| Diluted earnings per share | -0.03 | -0.07 | -0.16 | -0.20 | -0.20 | -0.19 | -0.21 | -0.21 | -0.71 | -0.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 70.2m | SEK 43.2m | SEK 44.0m | SEK 51.0m | SEK 56.8m | SEK 32.2m | SEK 67.0m | SEK 302.4m | SEK 303.8m | SEK 412.9m |
| Cash and short-term investments | SEK 65.1m | SEK 27.4m | SEK 36.2m | SEK 41.8m | SEK 53.1m | SEK 26.2m | SEK 59.7m | SEK 25.6m | SEK 25.2m | SEK 77.7m |
| Total liabilities | SEK 14.6m | SEK 11.1m | SEK 13.4m | SEK 16.5m | SEK 10.1m | SEK 10.0m | SEK 13.2m | SEK 214.5m | SEK 226.1m | SEK 230.3m |
| Debt | SEK 1.7m | SEK 3.2m | SEK 4.5m | SEK 6.0m | SEK 986,000 | SEK 2.0m | SEK 3.3m | SEK 204.3m | SEK 210.4m | SEK 216.3m |
| Shareholders' equity | SEK 55.6m | SEK 32.1m | SEK 30.7m | SEK 34.5m | SEK 46.7m | SEK 22.1m | SEK 53.8m | SEK 87.9m | SEK 77.7m | SEK 182.6m |
| Shares outstanding | 1,347m | 596m | 285m | 295m | 253m | 173m | 173m | 173m | 153m | 145m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 32.4m | −SEK 40.4m | −SEK 45.7m | −SEK 54.9m | −SEK 46.2m | −SEK 32.2m | −SEK 35.8m | −SEK 40.6m | −SEK 46.4m | −SEK 73.2m |
| Capital spending | −SEK 32.4m | — | — | −SEK 245,000 | — | — | — | — | — | — |
| Free cash flow | −SEK 64.8m | −SEK 40.4m | −SEK 45.7m | −SEK 55.1m | −SEK 46.2m | −SEK 32.2m | −SEK 35.8m | −SEK 40.6m | −SEK 46.4m | −SEK 73.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −SEK 10.2m | −SEK 8.6m | −SEK 9.1m | −SEK 6.4m | −SEK 11.3m | −SEK 11.2m | −SEK 10.3m | −SEK 8.1m |
| Net income | −SEK 10.1m | −SEK 8.4m | −SEK 9.1m | −SEK 6.0m | −SEK 11.2m | −SEK 11.0m | −SEK 10.2m | −SEK 8.0m |
| Diluted earnings per share | -0.38 | -0.32 | -0.01 | -0.00 | -0.01 | -0.01 | -0.02 | -0.01 |
| Cash from operations | −SEK 9.0m | −SEK 8.0m | −SEK 7.0m | −SEK 7.0m | −SEK 8.0m | −SEK 9.0m | −SEK 11.0m | −SEK 7.0m |
| Capital spending | — | — | −SEK 7.0m | — | — | — | — | — |
| Free cash flow | — | — | −SEK 14.0m | — | — | — | — | — |
| Total assets | SEK 47.9m | SEK 58.2m | SEK 70.2m | SEK 17.0m | SEK 22.7m | SEK 33.2m | SEK 43.2m | SEK 14.9m |
| Cash and short-term investments | SEK 43.9m | SEK 53.3m | SEK 65.1m | SEK 9.1m | SEK 16.8m | SEK 26.2m | SEK 27.4m | SEK 6.2m |
| Debt | — | — | SEK 100,000 | SEK 400,000 | SEK 800,000 | SEK 1.1m | SEK 3.2m | SEK 1.9m |
| Shareholders' equity | SEK 37.2m | SEK 47.2m | SEK 55.6m | SEK 4.5m | SEK 10.5m | SEK 21.7m | SEK 32.1m | SEK 1.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -13.6% | 3.1% | -14.4% |
| Net income | -14.0% | 3.0% | -15.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -166.2 | -78.0 | -33.9 | -51.8 | -65.9 | -104.8 | -93.3 | -121.8 | -10.1 | -17.2 |
| Price to sales | — | — | — | — | — | — | 399.2 | 224.0 | 54.2 | 53.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Apr 1998.
| FY1998 | FY1997 | |
|---|---|---|
| Paid in the year | 0.028 | 0.028 |
- 1-to-1 reverse split · 19 Dec 2003
- 1.425-for-1 split · 11 Apr 2003
- 10-to-1 reverse split · 6 Jun 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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