B 
0.40
+1.28%
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 17.1m
FY2017FY2025
Net income
−SEK 12.8m
FY2017FY2025
Free cash flow
−SEK 14.4m
FY2017FY2025
Shareholders' equity
SEK 14.1m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 17.1m | SEK 15.2m | SEK 8.5m | SEK 560,000 | SEK 983,000 | SEK 57,000 | SEK 2.4m | SEK 7.9m | SEK 11.8m |
| Research and development | — | — | SEK 994,000 | SEK 1.4m | SEK 1.8m | SEK 2.3m | SEK 2.3m | SEK 3.1m | — |
| Operating income | −SEK 16.8m | −SEK 16.9m | −SEK 17.7m | −SEK 25.3m | −SEK 22.7m | −SEK 21.4m | −SEK 25.4m | −SEK 26.6m | −SEK 15.2m |
| Net income | −SEK 12.8m | −SEK 16.7m | −SEK 17.6m | −SEK 25.2m | −SEK 22.7m | −SEK 21.8m | −SEK 25.6m | −SEK 26.7m | −SEK 15.3m |
| Diluted earnings per share | -0.10 | -0.14 | -0.19 | -0.45 | -0.55 | -0.74 | -0.86 | -0.19 | -1.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 27.2m | SEK 36.9m | SEK 28.1m | SEK 24.7m | SEK 25.7m | SEK 38.0m | SEK 22.0m | SEK 24.6m | SEK 23.4m |
| Cash and short-term investments | SEK 3.0m | SEK 17.2m | SEK 12.5m | SEK 14.6m | SEK 14.5m | SEK 25.3m | SEK 4.2m | SEK 11.1m | SEK 11.1m |
| Total liabilities | SEK 13.1m | SEK 16.2m | SEK 6.7m | SEK 5.8m | SEK 2.9m | SEK 6.0m | SEK 8.3m | SEK 18.6m | SEK 9.8m |
| Debt | — | — | — | SEK 1.7m | — | — | — | SEK 12.7m | — |
| Shareholders' equity | SEK 14.1m | SEK 20.7m | SEK 21.4m | SEK 18.9m | SEK 22.8m | SEK 32.0m | SEK 13.7m | SEK 6.0m | SEK 13.6m |
| Shares outstanding | 122m | 121m | 93m | 56m | 41m | 30m | 30m | 143m | 14m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 14.2m | −SEK 11.1m | −SEK 19.9m | −SEK 18.5m | −SEK 21.8m | −SEK 16.4m | −SEK 23.3m | −SEK 28.5m | — |
| Capital spending | −SEK 258,000 | −SEK 500,000 | −SEK 2.3m | −SEK 2.7m | −SEK 1.6m | −SEK 2.6m | −SEK 4.2m | −SEK 3.2m | — |
| Free cash flow | −SEK 14.4m | −SEK 11.6m | −SEK 22.2m | −SEK 21.2m | −SEK 23.4m | −SEK 19.1m | −SEK 27.4m | −SEK 31.7m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 14.7m | — | SEK 10.9m | SEK 127,000 | SEK 3.8m | SEK 2.3m | SEK 53,000 | SEK 3.4m |
| Operating income | SEK 1.2m | −SEK 7.4m | −SEK 2.0m | −SEK 6.3m | −SEK 2.0m | −SEK 4.9m | −SEK 7.8m | −SEK 2.9m |
| Net income | SEK 1.6m | −SEK 7.1m | SEK 476,000 | −SEK 6.3m | −SEK 2.0m | −SEK 4.9m | −SEK 7.6m | −SEK 2.8m |
| Diluted earnings per share | 0.01 | -0.05 | 0.00 | -0.05 | -0.02 | -0.04 | -0.06 | -0.02 |
| Cash from operations | −SEK 6.0m | −SEK 2.0m | SEK 2.0m | −SEK 5.0m | −SEK 3.0m | −SEK 7.0m | SEK 2.0m | −SEK 2.0m |
| Capital spending | — | — | −SEK 2.0m | −SEK 5.0m | — | — | — | −SEK 2.0m |
| Free cash flow | — | — | SEK 0 | −SEK 10.0m | — | — | — | −SEK 4.0m |
| Total assets | SEK 26.7m | SEK 30.9m | SEK 21.5m | SEK 25.4m | SEK 27.8m | SEK 32.8m | SEK 36.9m | SEK 34.8m |
| Cash and short-term investments | SEK 5.2m | SEK 11.3m | SEK 3.0m | SEK 1.2m | SEK 7.3m | SEK 10.5m | SEK 17.2m | SEK 15.2m |
| Shareholders' equity | SEK 14.2m | SEK 12.5m | SEK 8.4m | SEK 7.9m | SEK 14.2m | SEK 15.8m | SEK 20.7m | SEK 28.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 212.7% | 213.0% | — |
| Operating income | -12.7% | -4.7% | — |
| Net income | -20.3% | -10.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -6.1 | -9.2 | -3.9 | -2.1 | -3.3 | -2.7 |
| Price to sales | 4.6 | 10.1 | 8.1 | 93.5 | 76.6 | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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