A 
18.34
+1.33%
Close of 9 Nov 2026, in SEK
Search any instrument
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 203.3m
FY2016FY2025
Net income
SEK 16.6m
FY2016FY2025
Free cash flow
−SEK 2.8m
FY2016FY2025
Shareholders' equity
SEK 114.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 203.3m | SEK 162.2m | SEK 148.9m | SEK 118.4m | SEK 101.3m | SEK 84.4m | SEK 75.5m | SEK 59.3m | SEK 62.5m | SEK 53.6m |
| Research and development | SEK 30.1m | SEK 29.0m | SEK 36.4m | SEK 54.8m | SEK 52.9m | SEK 52.2m | SEK 7.1m | SEK 5.2m | SEK 6.3m | SEK 18.8m |
| Operating income | SEK 18.0m | SEK 6.3m | −SEK 4.9m | −SEK 1.6m | −SEK 15.5m | −SEK 18.6m | −SEK 24.7m | −SEK 48.5m | −SEK 33.5m | −SEK 22.7m |
| Net income | SEK 16.6m | SEK 8.0m | −SEK 4.1m | −SEK 2.0m | −SEK 17.5m | −SEK 20.0m | −SEK 43.0m | −SEK 48.0m | −SEK 26.8m | −SEK 17.9m |
| Diluted earnings per share | 0.67 | 0.18 | -0.09 | -0.05 | -0.47 | -0.60 | -1.74 | -1.94 | -1.51 | -1.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 199.8m | SEK 225.9m | SEK 183.9m | SEK 179.0m | SEK 126.9m | SEK 100.3m | SEK 80.5m | SEK 82.5m | SEK 120.7m | SEK 97.4m |
| Cash and short-term investments | SEK 96.5m | SEK 118.9m | SEK 81.7m | SEK 92.1m | SEK 22.1m | SEK 19.6m | SEK 8.4m | SEK 7.5m | SEK 38.0m | SEK 6.3m |
| Total liabilities | SEK 85.3m | SEK 124.3m | SEK 90.2m | SEK 81.2m | SEK 87.3m | SEK 69.8m | SEK 55.0m | SEK 37.8m | SEK 28.1m | SEK 19.1m |
| Debt | SEK 14.3m | SEK 20.4m | SEK 28.1m | SEK 11.8m | SEK 15.3m | SEK 15.3m | SEK 18.2m | SEK 10.0m | — | — |
| Shareholders' equity | SEK 114.4m | SEK 101.6m | SEK 93.7m | SEK 97.8m | SEK 39.6m | SEK 30.5m | SEK 25.5m | SEK 44.6m | SEK 92.6m | SEK 78.3m |
| Shares outstanding | 25m | 44m | 44m | 44m | 37m | 33m | 25m | 25m | 18m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 1.7m | SEK 52.1m | SEK 136,000 | SEK 25.8m | −SEK 32.4m | SEK 16,000 | −SEK 15.4m | −SEK 40.0m | −SEK 9.1m | −SEK 2.9m |
| Capital spending | −SEK 4.5m | −SEK 1.1m | −SEK 4.7m | −SEK 3.0m | −SEK 6.2m | −SEK 5.6m | −SEK 33,000 | −SEK 496,000 | −SEK 285,000 | −SEK 221,000 |
| Free cash flow | −SEK 2.8m | SEK 50.9m | −SEK 4.6m | SEK 22.7m | −SEK 38.6m | −SEK 5.6m | −SEK 15.4m | −SEK 40.5m | −SEK 9.4m | −SEK 3.1m |
| Dividends paid | −SEK 4.0m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 47.0m | SEK 38.7m | SEK 50.7m | SEK 34.1m | SEK 60.3m | SEK 58.1m | SEK 49.7m | SEK 31.6m |
| Operating income | −SEK 6.7m | −SEK 2.8m | −SEK 1.3m | −SEK 3.1m | SEK 10.0m | SEK 12.2m | SEK 5.5m | −SEK 2.1m |
| Net income | −SEK 6.5m | −SEK 2.5m | −SEK 248,000 | −SEK 3.2m | SEK 10.7m | SEK 9.3m | SEK 6.6m | −SEK 2.9m |
| Diluted earnings per share | -0.15 | -0.06 | -0.01 | -0.13 | 0.43 | 0.38 | 0.15 | -0.07 |
| Cash from operations | SEK 8.0m | −SEK 11.0m | SEK 11.0m | −SEK 1.0m | — | −SEK 8.0m | SEK 40.0m | SEK 12.0m |
| Capital spending | −SEK 1.0m | −SEK 2.0m | — | — | −SEK 2.0m | −SEK 1.0m | — | −SEK 1.0m |
| Free cash flow | SEK 7.0m | −SEK 13.0m | — | — | — | −SEK 9.0m | — | SEK 11.0m |
| Total assets | SEK 192.8m | SEK 181.1m | SEK 199.8m | SEK 196.8m | SEK 211.3m | SEK 213.8m | SEK 225.9m | SEK 193.2m |
| Cash and short-term investments | SEK 79.5m | SEK 81.0m | SEK 96.5m | SEK 91.4m | SEK 96.5m | SEK 63.7m | SEK 118.9m | SEK 80.8m |
| Debt | SEK 7.3m | SEK 7.2m | SEK 14.3m | SEK 15.8m | SEK 25.6m | SEK 19.5m | SEK 20.4m | SEK 30.3m |
| Shareholders' equity | SEK 99.4m | SEK 112.0m | SEK 114.4m | SEK 114.6m | SEK 117.9m | SEK 111.1m | SEK 101.6m | SEK 95.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.7% | 19.2% | 14.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.6% | 2.8% | -2.0% | -13.3% |
| Net margin | 6.7% | 2.9% | -2.3% | -14.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.5 | 54.6 | -89.8 | -230.2 | -25.8 | -7.2 | -1.2 | -1.7 | -9.2 | -13.8 |
| Price to sales | 2.4 | 2.7 | 2.5 | 3.9 | 4.5 | 1.7 | 0.7 | 1.3 | 4.0 | 4.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 29 Apr 2026.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 0.14 | 0.09 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.