B 
15.55
+0.32%
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 215.9m
FY2016FY2025
Net income
−SEK 7.8m
FY2016FY2025
Free cash flow
−SEK 7.2m
FY2016FY2025
Shareholders' equity
SEK 314.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 215.9m | SEK 243.7m | SEK 204.0m | SEK 223.6m | SEK 169.5m | SEK 172.3m | SEK 185.0m | SEK 150.1m | SEK 147.5m | SEK 118.7m |
| Gross profit | SEK 184.7m | SEK 207.7m | SEK 140.0m | SEK 180.1m | SEK 130.8m | SEK 137.1m | SEK 152.9m | SEK 124.4m | SEK 127.2m | SEK 102.9m |
| Research and development | SEK 1.1m | SEK 1.3m | SEK 5.0m | SEK 32.3m | SEK 30.4m | SEK 28.3m | SEK 26.5m | SEK 25.7m | — | — |
| Operating income | −SEK 9.4m | −SEK 28.9m | −SEK 131.2m | −SEK 49.8m | −SEK 52.9m | −SEK 33.1m | SEK 19.5m | −SEK 10.8m | −SEK 1.9m | −SEK 16.2m |
| Net income | −SEK 7.8m | −SEK 29.8m | −SEK 138.4m | −SEK 52.9m | −SEK 58.8m | −SEK 38.4m | SEK 16.3m | −SEK 14.9m | −SEK 3.3m | −SEK 26.9m |
| Diluted earnings per share | -0.22 | -0.85 | -3.95 | -1.51 | -1.68 | -1.14 | 0.49 | -0.45 | -0.10 | -0.81 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 545.1m | SEK 655.9m | SEK 662.2m | SEK 807.7m | SEK 849.3m | SEK 675.2m | SEK 641.4m | SEK 587.5m | SEK 625.4m | SEK 632.1m |
| Cash and short-term investments | SEK 44.3m | SEK 116.7m | SEK 123.2m | SEK 197.7m | SEK 217.6m | SEK 9.9m | SEK 22.9m | SEK 1.9m | SEK 11.6m | SEK 15.6m |
| Total liabilities | SEK 230.1m | SEK 327.6m | SEK 309.0m | SEK 312.0m | SEK 307.8m | SEK 301.9m | SEK 254.7m | SEK 216.7m | SEK 238.3m | SEK 241.7m |
| Debt | SEK 162.9m | SEK 227.8m | SEK 233.1m | SEK 238.7m | SEK 248.0m | SEK 264.0m | SEK 207.9m | SEK 156.1m | SEK 162.5m | SEK 150.0m |
| Shareholders' equity | SEK 314.9m | SEK 328.3m | SEK 353.2m | SEK 495.7m | SEK 541.5m | SEK 373.4m | SEK 386.7m | SEK 370.8m | SEK 387.1m | SEK 390.3m |
| Shares outstanding | 35m | 35m | 35m | 35m | 35m | 34m | 33m | 33m | 33m | 33m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 1.5m | SEK 25.0m | −SEK 52.3m | SEK 3.1m | SEK 7.3m | SEK 702,000 | SEK 54.0m | −SEK 16.7m | SEK 6.1m | −SEK 12.4m |
| Capital spending | −SEK 5.7m | −SEK 14.8m | −SEK 8.6m | −SEK 10.9m | −SEK 7.3m | −SEK 15.3m | −SEK 4.4m | −SEK 5.7m | −SEK 6.2m | −SEK 7.4m |
| Free cash flow | −SEK 7.2m | SEK 10.2m | −SEK 60.9m | −SEK 7.9m | −SEK 38,000 | −SEK 14.6m | SEK 49.6m | −SEK 22.4m | −SEK 115,000 | −SEK 19.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 54.0m | SEK 42.4m | SEK 63.2m | SEK 45.5m | SEK 48.2m | SEK 59.1m | SEK 68.3m | SEK 73.9m |
| Gross profit | SEK 45.1m | SEK 38.7m | SEK 11.6m | −SEK 8.4m | SEK 41.4m | SEK 48.1m | SEK 62.8m | SEK 66.7m |
| Operating income | −SEK 8.3m | −SEK 7.2m | SEK 8.9m | −SEK 8.4m | −SEK 7.3m | −SEK 2.6m | −SEK 3.2m | −SEK 1.9m |
| Net income | −SEK 8.2m | −SEK 5.6m | SEK 12.5m | −SEK 7.5m | −SEK 8.1m | −SEK 4.7m | −SEK 920,000 | −SEK 4.7m |
| Diluted earnings per share | -0.23 | -0.16 | 0.36 | -0.21 | -0.23 | -0.13 | -0.03 | -0.13 |
| Cash from operations | SEK 12.0m | −SEK 7.0m | SEK 11.0m | −SEK 2.0m | SEK 1.0m | −SEK 12.0m | SEK 18.0m | SEK 8.0m |
| Capital spending | — | — | −SEK 1.0m | −SEK 2.0m | −SEK 1.0m | — | −SEK 1.0m | −SEK 2.0m |
| Free cash flow | — | — | SEK 10.0m | −SEK 4.0m | SEK 0 | — | SEK 17.0m | SEK 6.0m |
| Total assets | SEK 522.8m | SEK 537.3m | SEK 545.1m | SEK 544.6m | SEK 561.7m | SEK 575.6m | SEK 655.9m | SEK 676.2m |
| Cash and short-term investments | SEK 43.5m | SEK 35.3m | SEK 44.3m | SEK 37.4m | SEK 46.1m | SEK 46.8m | SEK 116.7m | SEK 106.4m |
| Debt | SEK 133.8m | SEK 134.8m | SEK 162.9m | SEK 166.1m | SEK 169.5m | SEK 171.2m | SEK 227.8m | SEK 190.9m |
| Shareholders' equity | SEK 304.4m | SEK 311.6m | SEK 314.9m | SEK 301.5m | SEK 309.4m | SEK 317.7m | SEK 328.3m | SEK 328.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.2% | 4.6% | 5.1% |
| Operating income | -42.6% | -22.3% | -2.9% |
| Net income | -47.1% | -27.2% | -11.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 85.4% | 80.3% | 79.8% | 82.1% |
| Operating margin | -8.3% | -24.7% | -24.8% | -16.7% |
| Net margin | -8.2% | -25.8% | -26.5% | -19.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -88.9 | -41.5 | -15.7 | -73.2 | -98.4 | -125.0 | 169.2 | -89.7 | -235.6 | -21.0 |
| Price to sales | 3.2 | 5.1 | 10.6 | 17.3 | 34.1 | 27.8 | 14.9 | 8.9 | 5.2 | 4.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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