S 
0.43
-2.50%
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 4.7m
FY2016FY2025
Net income
−SEK 31.9m
FY2016FY2025
Free cash flow
−SEK 26.1m
FY2016FY2025
Shareholders' equity
SEK 37.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 4.7m | SEK 2.6m | SEK 3.1m | SEK 6.4m | SEK 1.8m | SEK 741,000 | SEK 481,000 | SEK 232,000 | SEK 261,000 | SEK 280,000 |
| Research and development | SEK 4.0m | SEK 4.5m | SEK 5.1m | SEK 1.7m | SEK 1.7m | SEK 1.8m | SEK 1.8m | SEK 1.7m | SEK 1.6m | SEK 1.3m |
| Operating income | −SEK 31.9m | −SEK 33.5m | −SEK 41.8m | −SEK 37.6m | −SEK 37.6m | −SEK 34.9m | −SEK 33.1m | −SEK 28.5m | −SEK 16.5m | −SEK 12.5m |
| Net income | −SEK 31.9m | −SEK 34.2m | −SEK 44.1m | −SEK 40.3m | −SEK 40.6m | −SEK 40.0m | −SEK 38.1m | −SEK 29.1m | −SEK 16.9m | −SEK 13.0m |
| Diluted earnings per share | -1.09 | -0.03 | -0.08 | -0.10 | -0.20 | -0.47 | -0.76 | -0.83 | -0.69 | -0.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 45.6m | SEK 45.3m | SEK 58.5m | SEK 74.4m | SEK 101.0m | SEK 91.8m | SEK 65.8m | SEK 62.4m | SEK 79.9m | SEK 53.0m |
| Cash and short-term investments | SEK 8.3m | SEK 1.5m | SEK 6.0m | SEK 14.1m | SEK 34.2m | SEK 26.9m | SEK 6.6m | SEK 26.6m | SEK 46.1m | SEK 21.3m |
| Total liabilities | SEK 7.8m | SEK 11.5m | SEK 33.5m | SEK 31.0m | SEK 38.4m | SEK 39.8m | SEK 43.5m | SEK 26.1m | SEK 14.5m | SEK 15.6m |
| Debt | SEK 697,000 | SEK 3.8m | SEK 8.4m | SEK 13.4m | SEK 18.5m | SEK 22.6m | SEK 13.0m | SEK 14.9m | SEK 6.3m | SEK 7.2m |
| Shareholders' equity | SEK 37.8m | SEK 33.8m | SEK 25.0m | SEK 43.4m | SEK 62.7m | SEK 52.0m | SEK 22.4m | SEK 36.3m | SEK 65.4m | SEK 37.4m |
| Shares outstanding | 29m | 1,154m | 584m | 421m | 206m | 85m | 50m | 35m | 24m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 25.7m | −SEK 28.3m | −SEK 37.9m | −SEK 37.3m | −SEK 31.1m | −SEK 32.4m | −SEK 26.4m | −SEK 22.0m | −SEK 14.4m | −SEK 9.3m |
| Capital spending | −SEK 456,000 | −SEK 152,000 | −SEK 419,000 | −SEK 4.1m | −SEK 2.7m | −SEK 10.1m | −SEK 28.3m | −SEK 6.0m | −SEK 4.8m | −SEK 3.4m |
| Free cash flow | −SEK 26.1m | −SEK 28.5m | −SEK 38.3m | −SEK 41.5m | −SEK 33.8m | −SEK 42.5m | −SEK 54.7m | −SEK 28.0m | −SEK 19.2m | −SEK 12.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 465,000 | SEK 1.1m | SEK 1.2m | SEK 901,000 | SEK 1.3m | SEK 1.4m | SEK 1.0m | SEK 565,000 |
| Operating income | −SEK 8.9m | −SEK 7.6m | −SEK 7.8m | −SEK 7.4m | −SEK 8.3m | −SEK 8.5m | −SEK 7.7m | −SEK 9.0m |
| Net income | −SEK 9.0m | −SEK 7.6m | −SEK 7.7m | −SEK 7.1m | −SEK 8.5m | −SEK 8.6m | −SEK 7.8m | −SEK 9.0m |
| Diluted earnings per share | -0.18 | -0.15 | -0.26 | -0.24 | -0.29 | -0.30 | -0.01 | -0.01 |
| Cash from operations | −SEK 7.0m | −SEK 5.0m | −SEK 6.0m | −SEK 7.0m | −SEK 9.0m | −SEK 1.0m | −SEK 5.0m | −SEK 11.0m |
| Total assets | SEK 45.4m | SEK 38.0m | SEK 45.6m | SEK 53.8m | SEK 49.3m | SEK 66.8m | SEK 45.3m | SEK 52.2m |
| Cash and short-term investments | SEK 12.8m | SEK 3.6m | SEK 8.3m | SEK 15.7m | SEK 9.4m | SEK 521,000 | SEK 1.5m | SEK 6.8m |
| Debt | — | SEK 697,000 | SEK 697,000 | SEK 697,000 | SEK 1.8m | SEK 3.1m | SEK 3.8m | SEK 3.8m |
| Shareholders' equity | SEK 39.0m | SEK 31.0m | SEK 37.8m | SEK 45.7m | SEK 38.4m | SEK 46.3m | SEK 33.8m | SEK 41.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.5% | 44.8% | -3.2% |
| Operating income | -5.3% | -1.8% | 21.4% |
| Net income | -7.5% | -4.4% | 20.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -896.4% | -863.6% | -1125.9% | -1153.6% |
| Net margin | -905.8% | -897.5% | -1197.6% | -1229.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -68.2 | -58.2 | -181.6 | -55.2 | -39.0 | -57.5 | -36.2 | -87.7 | -239.8 |
| Price to sales | 9.3 | — | — | — | — | — | — | — | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 26 Nov 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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