A 
16.40
+3.80%
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 351.0m
FY2017FY2025
Net income
−SEK 4.4m
FY2017FY2025
Free cash flow
SEK 93.2m
FY2017FY2025
Shareholders' equity
SEK 2.57bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 351.0m | SEK 325.0m | SEK 292.1m | SEK 262.6m | SEK 226.8m | SEK 178.4m | SEK 109.7m | SEK 97.8m | SEK 100.6m |
| Research and development | — | — | SEK 1 | SEK 1 | SEK 1 | SEK 1 | SEK 1 | SEK 1 | SEK 1 |
| Operating income | SEK 94.7m | SEK 151.3m | SEK 168.6m | SEK 196.6m | SEK 174.5m | SEK 121.8m | SEK 150.7m | −SEK 6.0m | −SEK 5.4m |
| Net income | −SEK 4.4m | SEK 18.5m | −SEK 200.6m | SEK 207.3m | SEK 209.7m | SEK 71.8m | SEK 102.7m | SEK 56.6m | SEK 42.7m |
| Diluted earnings per share | -0.05 | 0.21 | -2.92 | 3.01 | 3.55 | 1.22 | 1.61 | 0.67 | 0.51 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 5.29bn | SEK 5.04bn | SEK 4.61bn | SEK 4.68bn | SEK 4.22bn | SEK 3.78bn | SEK 2.56bn | SEK 1.01bn | SEK 928.8m |
| Cash and short-term investments | SEK 215.8m | SEK 279.5m | SEK 119.4m | SEK 237.9m | SEK 190.2m | SEK 448.0m | SEK 40.4m | SEK 35.7m | SEK 27.0m |
| Total liabilities | SEK 2.72bn | SEK 2.42bn | SEK 2.31bn | SEK 2.18bn | SEK 1.95bn | SEK 1.72bn | SEK 1.61bn | SEK 624.1m | SEK 607.6m |
| Debt | SEK 2.46bn | SEK 2.20bn | SEK 2.04bn | SEK 1.89bn | SEK 1.72bn | SEK 1.55bn | SEK 1.45bn | SEK 558.2m | SEK 552.4m |
| Shareholders' equity | SEK 2.57bn | SEK 2.61bn | SEK 2.30bn | SEK 2.50bn | SEK 2.28bn | SEK 2.06bn | SEK 955.5m | SEK 389.3m | SEK 321.2m |
| Shares outstanding | 87m | 88m | 69m | 69m | 59m | 59m | 64m | 84m | 84m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 142.6m | SEK 56.9m | SEK 102.4m | SEK 54.3m | SEK 56.1m | SEK 96.9m | SEK 41.9m | SEK 21.5m | SEK 30.3m |
| Capital spending | −SEK 49.4m | −SEK 400,000 | −SEK 4.7m | −SEK 1.5m | −SEK 500,000 | −SEK 800,000 | −SEK 1.6m | −SEK 1.1m | −SEK 700,000 |
| Free cash flow | SEK 93.2m | SEK 56.5m | SEK 97.7m | SEK 52.8m | SEK 55.6m | SEK 96.1m | SEK 40.3m | SEK 20.4m | SEK 29.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 88.9m | SEK 89.8m | SEK 89.4m | SEK 86.1m | SEK 91.2m | SEK 82.3m | SEK 80.0m | SEK 80.4m |
| Operating income | SEK 53.1m | SEK 48.6m | SEK 31.2m | SEK 54.1m | SEK 54.7m | SEK 44.7m | SEK 42.6m | SEK 57.9m |
| Net income | −SEK 3.3m | SEK 31.3m | SEK 1.6m | −SEK 19.3m | SEK 1.4m | SEK 11.9m | SEK 36.7m | −SEK 22.6m |
| Diluted earnings per share | -0.04 | 0.37 | 0.02 | -0.22 | 0.02 | 0.14 | 0.41 | -0.26 |
| Cash from operations | SEK 31.0m | SEK 49.0m | SEK 8.0m | SEK 28.0m | SEK 11.0m | SEK 94.0m | −SEK 11.0m | SEK 48.0m |
| Capital spending | — | — | −SEK 10.0m | — | −SEK 1.0m | — | −SEK 17.0m | — |
| Free cash flow | — | — | −SEK 2.0m | — | SEK 10.0m | — | −SEK 28.0m | — |
| Total assets | SEK 5.31bn | SEK 5.32bn | SEK 5.29bn | SEK 5.31bn | SEK 5.35bn | SEK 5.34bn | SEK 5.04bn | SEK 4.95bn |
| Cash and short-term investments | SEK 225.1m | SEK 212.7m | SEK 215.8m | SEK 195.5m | SEK 181.7m | SEK 189.7m | SEK 279.5m | SEK 212.4m |
| Debt | SEK 5.5m | SEK 497.8m | SEK 2.46bn | SEK 123.4m | SEK 123.7m | — | SEK 2.20bn | — |
| Shareholders' equity | SEK 2.55bn | SEK 2.55bn | SEK 2.57bn | SEK 2.60bn | SEK 2.62bn | SEK 2.61bn | SEK 2.61bn | SEK 2.58bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 27.0% | 46.6% | -41.0% | 124.0% | 135.1% | 82.8% | — | — |
| Net margin | -1.3% | 5.7% | -68.7% | 78.9% | 92.5% | 40.2% | — | — |
| Return on equity | -0.2% | 0.7% | -8.7% | 8.3% | 9.2% | 3.5% | — | — |
| Return on assets | -0.1% | 0.4% | -4.4% | 4.4% | 5.0% | 1.9% | — | — |
| Free cash flow yield | 14.7% | 4.3% | 10.3% | 5.4% | 6.4% | 11.0% | — | — |
| Revenue growth | 8.0% | 11.3% | 11.2% | 15.8% | 27.1% | 62.6% | — | — |
| Earnings growth | -123.8% | -109.2% | -196.8% | -1.1% | 192.1% | -30.1% | — | — |
| Current ratio | 0.50x | 5.49x | 0.78x | 0.90x | 2.75x | 5.26x | — | — |
| Debt to equity | 0.96x | 0.84x | 0.88x | 0.75x | 0.77x | 0.77x | — | — |
| Equity ratio | 48.6% | 51.9% | 49.9% | 53.4% | 53.9% | 54.4% | — | — |
| Interest coverage | 1.02x | 1.16x | -0.93x | 5.20x | 6.93x | 3.22x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 1.7% | -28.7% | 0.0% | -16.6% | 0.0% | 7.7% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.2% | 14.5% | — |
| Operating income | -21.6% | -4.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 36.4% | 49.7% | 55.5% | — |
| Net margin | 2.1% | 1.7% | 18.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -340.2 | 75.8 | -5.8 | 6.6 | 10.5 | 26.0 |
| Price to sales | 4.3 | 4.3 | 4.0 | 5.2 | 9.7 | 10.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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