B 
0.32
+1.92%
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 13.4m
FY2017FY2026
Net income
−SEK 69.9m
FY2017FY2026
Free cash flow
−SEK 63.3m
FY2017FY2026
Shareholders' equity
SEK 86.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 13.4m | SEK 8.6m | SEK 7.3m | SEK 3.4m | SEK 2.0m | SEK 2.1m | SEK 1.7m | SEK 3.0m | SEK 2.7m | SEK 632,000 |
| Research and development | — | — | SEK 5.1m | SEK 5.3m | SEK 13.0m | SEK 7.6m | SEK 2.6m | SEK 1.5m | SEK 1.3m | SEK 1.3m |
| Operating income | −SEK 70.0m | −SEK 85.1m | −SEK 126.8m | −SEK 110.4m | −SEK 60.1m | −SEK 40.2m | −SEK 29.8m | −SEK 21.7m | −SEK 18.0m | −SEK 14.8m |
| Net income | −SEK 69.9m | −SEK 87.6m | −SEK 124.8m | −SEK 110.5m | −SEK 60.0m | −SEK 39.5m | −SEK 30.3m | −SEK 21.6m | −SEK 18.1m | −SEK 14.9m |
| Diluted earnings per share | -0.24 | -0.30 | -1.37 | -2.27 | -1.95 | -1.31 | -1.02 | -0.87 | -0.99 | -0.82 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 107.7m | SEK 64.9m | SEK 131.4m | SEK 172.3m | SEK 151.6m | SEK 192.7m | SEK 90.3m | SEK 60.9m | SEK 80.8m | SEK 97.2m |
| Cash and short-term investments | SEK 70.4m | SEK 24.4m | SEK 79.4m | SEK 114.3m | SEK 89.8m | SEK 145.4m | SEK 40.8m | SEK 16.8m | SEK 42.1m | SEK 65.4m |
| Total liabilities | SEK 21.4m | SEK 21.7m | SEK 34.8m | SEK 33.7m | SEK 27.5m | SEK 10.0m | SEK 12.0m | SEK 8.8m | SEK 7.1m | SEK 5.6m |
| Debt | SEK 4.3m | SEK 4.7m | SEK 7.8m | SEK 10.5m | SEK 13.2m | SEK 2.4m | SEK 3.5m | SEK 3.6m | −SEK 3.0m | −SEK 2.0m |
| Shareholders' equity | SEK 86.3m | SEK 43.2m | SEK 96.6m | SEK 138.6m | SEK 124.1m | SEK 182.7m | SEK 78.2m | SEK 52.1m | SEK 73.7m | SEK 91.5m |
| Shares outstanding | 292m | 292m | 91m | 49m | 31m | 30m | 30m | 25m | 18m | 18m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 62.8m | −SEK 85.4m | −SEK 114.6m | −SEK 94.6m | −SEK 52.1m | −SEK 34.4m | −SEK 24.8m | −SEK 18.0m | −SEK 14.9m | −SEK 11.1m |
| Capital spending | −SEK 474,000 | −SEK 287,000 | −SEK 146,000 | −SEK 2.8m | −SEK 3.4m | −SEK 3.6m | −SEK 7.0m | −SEK 7.3m | −SEK 8.6m | −SEK 5.8m |
| Free cash flow | −SEK 63.3m | −SEK 85.7m | −SEK 114.7m | −SEK 97.4m | −SEK 55.5m | −SEK 38.0m | −SEK 31.8m | −SEK 25.3m | −SEK 23.5m | −SEK 16.9m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 4.0m | SEK 4.8m | SEK 3.3m | SEK 2.7m | SEK 2.6m | SEK 2.3m | SEK 2.3m | SEK 2.3m |
| Operating income | −SEK 20.4m | −SEK 18.1m | −SEK 17.8m | −SEK 15.0m | −SEK 19.3m | −SEK 20.3m | −SEK 22.2m | −SEK 19.8m |
| Net income | −SEK 20.1m | −SEK 19.1m | −SEK 17.9m | −SEK 15.1m | −SEK 17.8m | −SEK 20.8m | −SEK 22.8m | −SEK 21.2m |
| Diluted earnings per share | -0.07 | -0.07 | -0.06 | -0.05 | -0.06 | -0.07 | -0.08 | -0.23 |
| Cash from operations | −SEK 16.0m | −SEK 15.0m | −SEK 11.0m | −SEK 18.0m | −SEK 17.0m | −SEK 17.0m | −SEK 17.0m | −SEK 21.0m |
| Capital spending | −SEK 1.0m | — | — | — | — | — | — | — |
| Free cash flow | −SEK 17.0m | — | — | — | — | — | — | — |
| Total assets | SEK 90.1m | SEK 107.7m | SEK 126.5m | SEK 138.6m | SEK 56.8m | SEK 64.9m | SEK 86.9m | SEK 108.4m |
| Cash and short-term investments | SEK 51.6m | SEK 70.4m | SEK 88.2m | SEK 100.7m | SEK 16.3m | SEK 24.4m | SEK 43.5m | SEK 61.9m |
| Debt | SEK 3.0m | SEK 2.5m | SEK 4.8m | SEK 3.0m | SEK 13.9m | SEK 4.7m | SEK 6.1m | SEK 6.9m |
| Shareholders' equity | SEK 66.6m | SEK 86.3m | SEK 105.9m | SEK 123.8m | SEK 25.7m | SEK 43.2m | SEK 64.5m | SEK 86.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 58.1% | 45.1% | 18.6% |
| Operating income | -14.1% | 11.8% | 31.3% |
| Net income | -14.2% | 12.1% | 30.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -705.1% | -1200.9% | -1338.9% | -1230.6% |
| Net margin | -715.9% | -1202.2% | -1337.9% | -1231.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -1.2 | -1.5 | -1.1 | -2.0 | -14.7 | -23.3 | -6.3 | -3.9 | -6.6 |
| Price to sales | 7.1 | 12.5 | 24.9 | 37.1 | 57.6 | 278.8 | 422.8 | 45.1 | 26.1 | 154.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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