N 
9.50
-1.55%
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 424.6m
FY2018FY2025
Net income
−SEK 23.5m
FY2018FY2025
Free cash flow
−SEK 15.0m
FY2018FY2025
Shareholders' equity
SEK 78.2m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 424.6m | SEK 439.6m | SEK 437.9m | SEK 442.8m | SEK 399.2m | SEK 384.1m | SEK 428.5m | SEK 288.0m |
| Research and development | — | — | SEK 1.1m | SEK 946,000 | SEK 675,000 | — | — | — |
| Operating income | −SEK 20.7m | −SEK 16.6m | −SEK 27.7m | −SEK 24.8m | −SEK 6.1m | −SEK 8.2m | −SEK 17.4m | SEK 720,000 |
| Net income | −SEK 23.5m | −SEK 17.7m | −SEK 29.3m | −SEK 27.1m | −SEK 7.3m | −SEK 9.4m | −SEK 14.8m | SEK 43,000 |
| Diluted earnings per share | -1.51 | -1.14 | -1.89 | -1.74 | -0.48 | -0.60 | -0.95 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 183.5m | SEK 215.4m | SEK 246.9m | SEK 286.1m | SEK 274.2m | SEK 115.4m | SEK 105.7m | SEK 102.7m |
| Cash and short-term investments | SEK 39.2m | SEK 60.3m | SEK 63.9m | SEK 62.7m | SEK 156.4m | SEK 24.5m | SEK 517,000 | SEK 10.5m |
| Total liabilities | SEK 105.3m | SEK 113.9m | SEK 127.9m | SEK 137.8m | SEK 105.5m | SEK 84.4m | SEK 94.0m | SEK 76.2m |
| Debt | SEK 16.4m | SEK 20.7m | SEK 26.6m | SEK 31.6m | SEK 8.0m | — | SEK 5.3m | — |
| Shareholders' equity | SEK 78.2m | SEK 101.6m | SEK 119.0m | SEK 148.3m | SEK 168.7m | SEK 31.0m | SEK 11.8m | SEK 26.5m |
| Shares outstanding | 16m | 16m | 16m | 16m | 15m | 16m | 16m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 9.7m | SEK 2.5m | SEK 15.0m | −SEK 73.8m | −SEK 3.7m | SEK 1.8m | −SEK 11.7m | −SEK 1.6m |
| Capital spending | −SEK 5.3m | −SEK 486,000 | −SEK 8.6m | −SEK 47.2m | −SEK 14.1m | −SEK 1.8m | −SEK 3.7m | −SEK 2.9m |
| Free cash flow | −SEK 15.0m | SEK 2.0m | SEK 6.4m | −SEK 121.0m | −SEK 17.8m | SEK 9,000 | −SEK 15.4m | −SEK 4.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 145.9m | SEK 99.3m | SEK 107.8m | SEK 89.4m | SEK 126.7m | SEK 100.7m | SEK 113.3m | SEK 92.0m |
| Operating income | SEK 6.4m | −SEK 3.8m | −SEK 6.0m | −SEK 11.1m | SEK 2.8m | −SEK 6.4m | −SEK 4.1m | −SEK 7.5m |
| Net income | SEK 5.4m | −SEK 4.0m | −SEK 8.2m | −SEK 11.3m | SEK 2.7m | −SEK 6.6m | −SEK 4.6m | −SEK 7.7m |
| Diluted earnings per share | 0.35 | -0.26 | -0.53 | -0.73 | 0.17 | -0.43 | -0.30 | -0.49 |
| Cash from operations | SEK 39.0m | −SEK 14.0m | SEK 7.0m | −SEK 21.0m | SEK 27.0m | −SEK 22.0m | SEK 27.0m | −SEK 42.0m |
| Capital spending | — | — | −SEK 2.0m | — | −SEK 2.0m | — | — | — |
| Free cash flow | — | — | SEK 5.0m | — | SEK 25.0m | — | — | — |
| Total assets | SEK 207.6m | SEK 195.4m | SEK 183.5m | SEK 199.1m | SEK 210.1m | SEK 213.6m | SEK 215.4m | SEK 219.7m |
| Cash and short-term investments | SEK 62.1m | SEK 24.0m | SEK 39.2m | SEK 37.4m | SEK 60.0m | SEK 36.1m | SEK 60.3m | SEK 34.5m |
| Debt | SEK 15.2m | SEK 15.8m | SEK 16.4m | SEK 2.5m | SEK 17.7m | SEK 19.2m | SEK 20.7m | SEK 22.1m |
| Shareholders' equity | SEK 79.8m | SEK 74.2m | SEK 78.2m | SEK 86.5m | SEK 97.7m | SEK 94.9m | SEK 101.6m | SEK 106.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.4% | 2.0% | — |
| Operating income | -5.8% | 20.4% | — |
| Net income | -4.6% | 20.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -4.3% | -5.1% | -4.1% | — |
| Net margin | -4.8% | -5.6% | -4.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -3.5 | -3.5 | -1.9 | -5.1 | -68.7 |
| Price to sales | 0.2 | 0.1 | 0.1 | 0.3 | 1.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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