A 
3.13
-3.69%
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 47.4m
FY2016FY2025
Net income
SEK 17.0m
FY2016FY2025
Free cash flow
SEK 12.1m
FY2016FY2025
Shareholders' equity
SEK 58.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 47.4m | SEK 34.3m | SEK 27.5m | SEK 21.4m | SEK 11.8m | SEK 12.3m | SEK 15.1m | SEK 12.5m | SEK 10.4m | SEK 8.3m |
| Research and development | SEK 5.8m | SEK 5.1m | SEK 4.3m | SEK 3.7m | SEK 3.1m | SEK 1.5m | SEK 3.5m | SEK 4.2m | SEK 4.6m | — |
| Operating income | SEK 16.4m | SEK 11.8m | SEK 9.0m | SEK 6.1m | −SEK 1.4m | −SEK 1.9m | SEK 446,800 | −SEK 1.9m | −SEK 3.4m | −SEK 11.7m |
| Net income | SEK 17.0m | SEK 12.6m | SEK 9.0m | SEK 6.1m | −SEK 1.4m | −SEK 2.0m | SEK 368,308 | −SEK 1.9m | −SEK 3.5m | −SEK 11.5m |
| Diluted earnings per share | 0.30 | 0.22 | 0.16 | 0.11 | -0.02 | -0.04 | 0.01 | -0.03 | -0.06 | -0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 63.7m | SEK 51.6m | SEK 43.4m | SEK 33.7m | SEK 27.9m | SEK 30.6m | SEK 31.3m | SEK 31.2m | SEK 32.3m | SEK 35.8m |
| Cash and short-term investments | SEK 33.9m | SEK 27.4m | SEK 22.8m | SEK 14.6m | SEK 10.2m | SEK 12.1m | SEK 13.3m | SEK 15.7m | SEK 20.4m | SEK 25.2m |
| Total liabilities | SEK 5.2m | SEK 4.5m | SEK 3.2m | SEK 2.5m | SEK 2.8m | SEK 4.1m | SEK 2.8m | SEK 3.1m | SEK 2.3m | SEK 2.3m |
| Debt | SEK 79,754 | SEK 78,964 | — | SEK 79,900 | SEK 78,334 | SEK 81,989 | SEK 85,227 | SEK 91,000 | SEK 98,000 | — |
| Shareholders' equity | SEK 58.5m | SEK 47.1m | SEK 40.2m | SEK 31.2m | SEK 25.1m | SEK 26.5m | SEK 28.5m | SEK 28.1m | SEK 30.0m | SEK 33.5m |
| Shares outstanding | 56m | 56m | 56m | 56m | 56m | 56m | 56m | 56m | 56m | 56m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 12.1m | SEK 10.2m | SEK 8.2m | SEK 4.4m | −SEK 2.0m | −SEK 1.1m | SEK 900,000 | −SEK 2.0m | — | — |
| Free cash flow | SEK 12.1m | SEK 10.2m | SEK 8.2m | SEK 4.4m | −SEK 2.0m | −SEK 1.1m | SEK 900,000 | −SEK 2.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 12.6m | SEK 11.7m | SEK 12.9m | SEK 12.3m | SEK 11.8m | SEK 10.5m | SEK 9.3m | SEK 8.6m |
| Operating income | SEK 3.6m | SEK 3.4m | SEK 4.4m | SEK 4.5m | SEK 3.9m | SEK 3.6m | SEK 3.7m | SEK 2.5m |
| Net income | SEK 4.0m | SEK 3.8m | SEK 4.0m | SEK 5.2m | SEK 4.1m | SEK 3.7m | SEK 4.2m | SEK 2.7m |
| Diluted earnings per share | 0.07 | 0.07 | 0.07 | 0.09 | 0.07 | 0.07 | 0.07 | 0.05 |
| Cash from operations | SEK 2.0m | SEK 3.0m | — | SEK 5.0m | SEK 2.0m | SEK 2.0m | SEK 2.0m | SEK 4.0m |
| Total assets | SEK 67.2m | SEK 67.3m | SEK 63.7m | SEK 58.8m | SEK 53.6m | SEK 54.8m | SEK 51.6m | SEK 47.8m |
| Cash and short-term investments | SEK 34.2m | SEK 37.1m | SEK 33.9m | SEK 33.2m | SEK 27.2m | SEK 30.1m | SEK 27.4m | SEK 24.8m |
| Debt | — | — | SEK 79,754 | — | — | — | SEK 78,964 | — |
| Shareholders' equity | SEK 60.7m | SEK 62.3m | SEK 58.5m | SEK 54.5m | SEK 49.3m | SEK 50.8m | SEK 47.1m | SEK 43.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 30.4% | 31.0% | 18.5% |
| Operating income | 39.1% | — | — |
| Net income | 40.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 34.5% | 33.2% | 25.9% | 4.9% |
| Net margin | 36.2% | 34.3% | 26.7% | 5.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 28.7 | 26.4 | 24.7 | 27.3 | -92.3 | -26.3 | 437.1 | -92.8 | -67.7 | -16.5 |
| Price to sales | 10.3 | 9.7 | 8.1 | 7.8 | 11.0 | 4.3 | 10.6 | 14.3 | 22.5 | 22.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 15 May 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 0.10 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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