A 
6.46
+5.56%
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
—
FY2017FY2025
Net income
−SEK 47.7m
FY2017FY2025
Free cash flow
−SEK 34.6m
FY2017FY2025
Shareholders' equity
SEK 32.9m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | SEK 883,385 |
| Gross profit | −SEK 1.3m | −SEK 293,000 | −SEK 476,000 | −SEK 570,000 | −SEK 576,000 | −SEK 495,000 | −SEK 44.8m | −SEK 104,000 | SEK 875,385 |
| Research and development | SEK 36.2m | SEK 24.7m | SEK 27.2m | SEK 46.2m | SEK 66.7m | SEK 62.4m | SEK 44.8m | SEK 36.8m | SEK 11.0m |
| Operating income | −SEK 49.4m | −SEK 36.5m | −SEK 38.3m | −SEK 56.4m | −SEK 77.9m | −SEK 71.6m | −SEK 50.9m | −SEK 36.1m | −SEK 10.8m |
| Net income | −SEK 47.7m | −SEK 35.2m | −SEK 37.2m | −SEK 56.0m | −SEK 77.8m | −SEK 71.4m | −SEK 51.0m | −SEK 36.0m | −SEK 10.8m |
| Diluted earnings per share | -0.41 | -0.40 | -0.60 | -1.10 | -1.75 | -1.80 | -1.29 | -0.92 | -0.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 59.0m | SEK 34.4m | SEK 32.0m | SEK 70.8m | SEK 45.6m | SEK 117.8m | SEK 186.8m | SEK 237.8m | SEK 56.0m |
| Cash and short-term investments | SEK 50.3m | SEK 31.5m | SEK 29.1m | SEK 25.6m | SEK 41.7m | SEK 112.4m | SEK 182.5m | SEK 234.5m | SEK 54.0m |
| Total liabilities | SEK 26.1m | SEK 8.3m | SEK 8.2m | SEK 10.4m | SEK 12.7m | SEK 7.1m | SEK 4.7m | SEK 4.6m | SEK 4.1m |
| Debt | SEK 5.1m | SEK 3.6m | — | — | — | — | — | −SEK 400,000 | −SEK 1.8m |
| Shareholders' equity | SEK 32.9m | SEK 26.2m | SEK 23.8m | SEK 60.5m | SEK 33.0m | SEK 110.8m | SEK 182.0m | SEK 233.2m | SEK 51.8m |
| Shares outstanding | 115m | 88m | 62m | 51m | 44m | 40m | 39m | 39m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 34.6m | −SEK 35.1m | SEK 3.1m | −SEK 99.9m | −SEK 70.6m | −SEK 69.5m | −SEK 50.3m | −SEK 36.3m | −SEK 8.4m |
| Capital spending | — | −SEK 124,000 | — | — | −SEK 54,000 | −SEK 671,000 | −SEK 1.5m | −SEK 459,000 | −SEK 267,000 |
| Free cash flow | −SEK 34.6m | −SEK 35.2m | SEK 3.1m | −SEK 99.9m | −SEK 70.7m | −SEK 70.2m | −SEK 51.7m | −SEK 36.7m | −SEK 8.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 97.3m | — | — | — | — | — | — | — |
| Gross profit | SEK 97.3m | −SEK 301,000 | −SEK 301,000 | −SEK 313,000 | −SEK 31,000 | −SEK 43,000 | −SEK 51,000 | −SEK 64,000 |
| Operating income | SEK 76.9m | −SEK 24.0m | −SEK 19.0m | −SEK 10.1m | −SEK 9.8m | −SEK 10.2m | −SEK 9.6m | −SEK 7.8m |
| Net income | SEK 80.2m | −SEK 21.7m | −SEK 17.7m | −SEK 10.0m | −SEK 9.7m | −SEK 10.1m | −SEK 9.3m | −SEK 7.4m |
| Diluted earnings per share | 0.58 | -0.16 | -0.15 | -0.09 | -0.08 | -0.09 | -0.11 | -0.08 |
| Cash from operations | −SEK 19.0m | −SEK 17.0m | −SEK 16.0m | −SEK 7.0m | — | −SEK 10.0m | −SEK 7.0m | −SEK 8.0m |
| Total assets | SEK 122.4m | SEK 40.8m | SEK 59.0m | SEK 66.6m | SEK 16.4m | SEK 24.7m | SEK 34.4m | SEK 42.6m |
| Cash and short-term investments | SEK 13.5m | SEK 33.0m | SEK 50.3m | SEK 59.2m | SEK 12.6m | SEK 20.8m | SEK 31.5m | SEK 39.2m |
| Debt | — | — | SEK 2.6m | SEK 2.8m | — | — | — | — |
| Shareholders' equity | SEK 91.4m | SEK 11.2m | SEK 32.9m | SEK 50.7m | SEK 6.3m | SEK 16.1m | SEK 26.2m | SEK 35.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -4.4% | -7.2% | — |
| Net income | -5.3% | -7.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.8 | -2.9 | -3.4 | -2.4 | -2.1 | -3.1 | -2.0 | -3.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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