A 
9.44
+6.07%
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.
Net income
−SEK 36.9m
FY2016FY2025
Free cash flow
−SEK 37.1m
FY2016FY2025
Shareholders' equity
SEK 24.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −SEK 48,000 | −SEK 193,000 | −SEK 193,000 | −SEK 193,000 | −SEK 192,000 | −SEK 193,000 | −SEK 193,000 | −SEK 193,000 | −SEK 477,000 | −SEK 75,362 |
| Research and development | SEK 26.2m | SEK 40.8m | SEK 36.0m | SEK 28.4m | SEK 42.1m | SEK 33.6m | SEK 21.4m | SEK 20.4m | SEK 24.1m | SEK 9.2m |
| Operating income | −SEK 36.3m | −SEK 50.5m | −SEK 44.2m | −SEK 40.7m | −SEK 50.5m | −SEK 43.7m | −SEK 28.3m | −SEK 28.7m | −SEK 30.9m | −SEK 9.8m |
| Net income | −SEK 36.9m | −SEK 50.3m | −SEK 44.1m | −SEK 40.7m | −SEK 52.1m | −SEK 44.7m | −SEK 28.4m | −SEK 28.8m | −SEK 30.9m | −SEK 9.8m |
| Diluted earnings per share | -0.05 | -0.12 | -0.13 | -0.16 | -0.38 | -0.56 | -0.95 | -0.96 | -3.08 | -5.92 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 30.2m | SEK 19.0m | SEK 26.8m | SEK 36.7m | SEK 52.8m | SEK 25.2m | SEK 16.0m | SEK 46.0m | SEK 30.8m | SEK 23.5m |
| Cash and short-term investments | SEK 27.4m | SEK 16.3m | SEK 21.4m | SEK 31.1m | SEK 49.5m | SEK 18.1m | SEK 4.3m | SEK 30.2m | SEK 14.8m | SEK 14.4m |
| Total liabilities | SEK 5.2m | SEK 5.3m | SEK 7.9m | SEK 6.5m | SEK 6.1m | SEK 4.5m | SEK 4.5m | SEK 6.2m | SEK 6.4m | SEK 7.9m |
| Debt | — | — | — | — | — | — | SEK 227,000 | SEK 479,000 | SEK 729,000 | SEK 979,170 |
| Shareholders' equity | SEK 24.9m | SEK 13.7m | SEK 18.8m | SEK 30.2m | SEK 46.7m | SEK 20.6m | SEK 11.5m | SEK 39.9m | SEK 24.4m | SEK 15.6m |
| Shares outstanding | 706m | 422m | 347m | 255m | 137m | 80m | 30m | 30m | 10m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 36.9m | −SEK 50.2m | −SEK 43.4m | −SEK 41.2m | −SEK 45.0m | −SEK 39.2m | −SEK 25.7m | −SEK 28.5m | −SEK 39.1m | −SEK 9.9m |
| Capital spending | −SEK 129,000 | — | −SEK 43.4m | — | — | — | — | −SEK 50,000 | −SEK 149,000 | — |
| Free cash flow | −SEK 37.1m | −SEK 50.2m | −SEK 86.8m | −SEK 41.2m | −SEK 45.0m | −SEK 39.2m | −SEK 25.7m | −SEK 28.6m | −SEK 39.2m | −SEK 9.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | — | −SEK 48,000 | — | — | — | −SEK 48,000 | −SEK 145,000 | — |
| Operating income | −SEK 11.4m | −SEK 10.6m | −SEK 10.3m | −SEK 10.1m | −SEK 8.6m | −SEK 8.0m | −SEK 12.6m | −SEK 10.9m |
| Net income | −SEK 11.6m | −SEK 10.5m | −SEK 10.5m | −SEK 9.9m | −SEK 8.5m | −SEK 8.0m | −SEK 12.3m | −SEK 10.9m |
| Diluted earnings per share | -1.64 | -1.49 | -0.01 | -0.01 | -0.01 | -0.01 | -0.03 | -0.03 |
| Cash from operations | −SEK 11.0m | −SEK 10.0m | −SEK 9.0m | −SEK 9.0m | — | −SEK 8.0m | −SEK 10.0m | −SEK 11.0m |
| Total assets | SEK 8.0m | SEK 20.0m | SEK 30.2m | SEK 39.5m | SEK 49.1m | SEK 48.0m | SEK 19.0m | SEK 28.6m |
| Cash and short-term investments | SEK 5.3m | SEK 17.1m | SEK 27.4m | SEK 36.9m | SEK 46.3m | SEK 45.2m | SEK 16.3m | SEK 25.6m |
| Shareholders' equity | SEK 2.5m | SEK 14.4m | SEK 24.9m | SEK 35.4m | SEK 45.3m | SEK 42.9m | SEK 13.7m | SEK 25.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -3.7% | -3.7% | 21.9% |
| Net income | -3.2% | -3.8% | 22.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -378.7 | -354.7 | -186.9 | -197.6 | -83.2 | -88.5 | -34.7 | -33.0 | -21.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 28 May 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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