A 
35.30
+0.86%
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 377.0m
FY2017FY2025
Net income
SEK 126.0m
FY2017FY2025
Free cash flow
−SEK 205.0m
FY2017FY2025
Shareholders' equity
SEK 4.56bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 377.0m | SEK 338.7m | SEK 421.7m | SEK 295.9m | SEK 199.3m | SEK 118.5m | SEK 100.8m | SEK 99.5m | SEK 65.0m |
| Research and development | — | — | SEK 0 | SEK 1 | SEK 1 | SEK 5 | — | — | — |
| Operating income | SEK 98.0m | SEK 24.8m | SEK 3.9m | SEK 460.0m | SEK 280.9m | SEK 685.0m | SEK 671.5m | SEK 49.5m | SEK 32.8m |
| Net income | SEK 126.0m | −SEK 93.1m | −SEK 136.6m | SEK 490.1m | SEK 176.4m | SEK 496.1m | SEK 516.0m | SEK 267.8m | SEK 1.04bn |
| Diluted earnings per share | 1.99 | -1.47 | -2.16 | 7.75 | 3.16 | 7.44 | 9.59 | 4.98 | 16.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 7.71bn | SEK 7.48bn | SEK 7.41bn | SEK 7.49bn | SEK 6.73bn | SEK 6.04bn | SEK 4.96bn | SEK 3.93bn | SEK 3.66bn |
| Cash and short-term investments | SEK 182.0m | SEK 163.8m | SEK 234.2m | SEK 394.3m | SEK 441.4m | SEK 163.4m | SEK 171.6m | SEK 22.8m | SEK 73.9m |
| Total liabilities | SEK 3.13bn | SEK 3.04bn | SEK 2.89bn | SEK 2.84bn | SEK 2.57bn | SEK 2.49bn | SEK 2.00bn | SEK 1.50bn | SEK 1.49bn |
| Debt | SEK 1.67bn | SEK 1.58bn | SEK 1.61bn | SEK 1.67bn | SEK 1.58bn | SEK 1.57bn | SEK 1.26bn | SEK 906.2m | — |
| Shareholders' equity | SEK 4.56bn | SEK 4.43bn | SEK 4.51bn | SEK 4.65bn | SEK 4.16bn | SEK 3.56bn | SEK 2.95bn | SEK 2.44bn | SEK 2.17bn |
| Shares outstanding | 63m | 63m | 63m | 63m | 56m | 67m | 54m | 54m | 63m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 132.0m | −SEK 111.7m | −SEK 106.3m | −SEK 93.1m | −SEK 16.4m | SEK 7.4m | SEK 23.3m | SEK 3.2m | SEK 14.3m |
| Capital spending | −SEK 73.0m | −SEK 1.5m | −SEK 15.8m | −SEK 21.9m | −SEK 6.6m | −SEK 30.0m | −SEK 238,000 | −SEK 607,000 | −SEK 400,000 |
| Free cash flow | −SEK 205.0m | −SEK 113.1m | −SEK 122.1m | −SEK 115.0m | −SEK 22.9m | −SEK 22.6m | SEK 23.1m | SEK 2.6m | SEK 13.9m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 69.2% | 7.3% | 1.4% | 158.8% | 141.1% | 577.9% |
| Net margin | 33.4% | -27.5% | -32.4% | 165.6% | 88.5% | 418.6% |
| Return on equity | 2.8% | -2.1% | -3.0% | 10.5% | 4.2% | 14.0% |
| Return on assets | 1.6% | -1.2% | -1.8% | 6.5% | 2.6% | 8.2% |
| Free cash flow yield | -2.7% | -5.1% | -4.2% | -3.3% | -0.5% | 1.6% |
| Revenue growth | 11.3% | -19.7% | 42.5% | 48.5% | 68.2% | 17.6% |
| Earnings growth | -235.3% | -31.8% | -127.9% | 177.7% | -64.4% | -3.8% |
| Current ratio | 0.82x | 1.02x | 1.18x | 2.36x | 3.20x | 2.55x |
| Debt to equity | 0.37x | 0.36x | 0.36x | 0.36x | 0.38x | 0.44x |
| Equity ratio | 59.1% | 59.2% | 60.8% | 62.1% | 61.8% | 58.8% |
| Interest coverage | 2.93x | 0.24x | 0.06x | 8.68x | 6.84x | 19.94x |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -13.3% | 16.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.4% | 26.0% | — |
| Operating income | -40.3% | -32.2% | — |
| Net income | -36.4% | -24.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 20.8 | -19.2 | -14.4 | 5.9 | 21.8 |
| Price to sales | 7.0 | 5.3 | 4.7 | 9.8 | 19.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 24 Apr 2026.
| FY2025 | |
|---|---|
| Paid in the year | 1.55 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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