B 
324.20
+1.12%
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 1.17bn
FY2016FY2025
Net income
SEK 142.2m
FY2016FY2025
Free cash flow
SEK 216.1m
FY2016FY2025
Shareholders' equity
SEK 867.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 1.17bn | SEK 898.7m | SEK 591.1m | SEK 328.8m | SEK 212.9m | SEK 180.9m | SEK 155.5m | SEK 96.6m | SEK 129.3m | SEK 104.6m |
| Gross profit | SEK 1.09bn | SEK 832.3m | SEK 540.9m | SEK 300.8m | SEK 190.0m | SEK 161.6m | SEK 135.9m | SEK 81.5m | SEK 112.4m | SEK 88.3m |
| Research and development | SEK 91.4m | SEK 76.0m | SEK 57.1m | SEK 53.1m | SEK 53.0m | SEK 57.9m | SEK 68.9m | SEK 66.1m | SEK 60.6m | SEK 38.2m |
| Operating income | SEK 276.7m | SEK 166.1m | SEK 15.8m | −SEK 64.5m | −SEK 80.7m | −SEK 98.6m | −SEK 158.1m | −SEK 173.8m | −SEK 99.3m | −SEK 88.7m |
| Net income | SEK 142.2m | SEK 133.8m | SEK 245.0m | −SEK 68.2m | −SEK 85.5m | −SEK 101.4m | −SEK 161.1m | −SEK 176.4m | −SEK 128.9m | −SEK 110.2m |
| Diluted earnings per share | 2.13 | 2.00 | 3.70 | -1.06 | -1.33 | -1.59 | -3.08 | -3.41 | -2.55 | -2.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 1.04bn | SEK 879.7m | SEK 688.8m | SEK 371.8m | SEK 343.9m | SEK 465.2m | SEK 196.3m | SEK 326.1m | SEK 596.7m | SEK 188.8m |
| Cash and short-term investments | SEK 378.0m | SEK 227.0m | SEK 167.4m | SEK 201.3m | SEK 206.5m | SEK 353.7m | SEK 92.1m | SEK 261.5m | SEK 533.4m | SEK 141.5m |
| Total liabilities | SEK 168.9m | SEK 152.2m | SEK 143.6m | SEK 102.9m | SEK 78.2m | SEK 66.3m | SEK 72.0m | SEK 47.6m | SEK 145.9m | SEK 154.5m |
| Debt | SEK 11.7m | SEK 14.6m | SEK 17.5m | SEK 17.5m | SEK 21.4m | SEK 10.5m | SEK 10.4m | — | SEK 98.6m | SEK 109.7m |
| Shareholders' equity | SEK 867.3m | SEK 727.5m | SEK 545.2m | SEK 268.9m | SEK 265.7m | SEK 398.9m | SEK 124.3m | SEK 278.5m | SEK 450.8m | SEK 34.3m |
| Shares outstanding | 67m | 67m | 66m | 65m | 64m | 64m | 52m | 52m | 51m | 46m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 221.3m | SEK 65.8m | −SEK 18.3m | −SEK 47.0m | −SEK 83.4m | −SEK 100.3m | −SEK 163.8m | −SEK 171.6m | −SEK 107.5m | −SEK 81.9m |
| Capital spending | −SEK 5.2m | −SEK 5.8m | −SEK 6.1m | −SEK 2.0m | −SEK 3.4m | −SEK 2.7m | −SEK 4.4m | −SEK 2.6m | −SEK 4.6m | −SEK 1.4m |
| Free cash flow | SEK 216.1m | SEK 59.9m | −SEK 24.3m | −SEK 48.9m | −SEK 86.8m | −SEK 102.9m | −SEK 168.3m | −SEK 174.2m | −SEK 112.1m | −SEK 83.3m |
| Dividends paid | — | — | — | — | −SEK 5.5m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 355.7m | SEK 324.0m | SEK 312.5m | SEK 294.1m | SEK 284.4m | SEK 283.5m | SEK 257.0m | SEK 237.5m |
| Gross profit | SEK 323.0m | SEK 298.9m | SEK 289.0m | SEK 273.2m | SEK 262.6m | SEK 262.5m | SEK 238.0m | SEK 220.6m |
| Operating income | SEK 89.6m | SEK 72.2m | SEK 79.6m | SEK 71.0m | SEK 54.9m | SEK 29.6m | SEK 64.2m | SEK 41.0m |
| Net income | SEK 81.9m | SEK 53.4m | SEK 44.1m | SEK 34.5m | SEK 53.1m | SEK 10.4m | SEK 53.9m | SEK 30.6m |
| Diluted earnings per share | 1.23 | 0.80 | 0.66 | 0.52 | 0.79 | 0.16 | 0.81 | 0.46 |
| Cash from operations | SEK 67.0m | SEK 74.0m | SEK 53.0m | SEK 71.0m | SEK 49.0m | SEK 46.0m | SEK 73.0m | SEK 42.0m |
| Capital spending | −SEK 2.0m | — | — | — | −SEK 1.0m | — | −SEK 1.0m | — |
| Free cash flow | SEK 65.0m | — | — | — | SEK 48.0m | — | SEK 72.0m | — |
| Total assets | SEK 1.12bn | SEK 1.12bn | SEK 1.04bn | SEK 1.01bn | SEK 962.8m | SEK 896.1m | SEK 879.7m | SEK 778.6m |
| Cash and short-term investments | SEK 434.3m | SEK 455.3m | SEK 378.0m | SEK 379.0m | SEK 309.7m | SEK 267.1m | SEK 227.0m | SEK 153.2m |
| Debt | SEK 7.7m | SEK 8.0m | SEK 11.7m | SEK 11.3m | SEK 12.7m | SEK 12.7m | SEK 14.6m | SEK 6.4m |
| Shareholders' equity | SEK 949.7m | SEK 938.9m | SEK 867.3m | SEK 835.9m | SEK 796.7m | SEK 740.8m | SEK 727.5m | SEK 661.8m |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 92.6% | 92.6% | 91.5% | 91.5% | 89.3% | 89.4% |
| Operating margin | 23.6% | 18.5% | 2.7% | -19.6% | -37.9% | -54.5% |
| Net margin | 12.1% | 14.9% | 41.5% | -20.7% | -40.2% | -56.1% |
| Return on equity | 16.4% | 18.4% | 44.9% | -25.3% | -32.2% | -25.4% |
| Return on assets | 13.7% | 15.2% | 35.6% | -18.3% | -24.9% | -21.8% |
| Free cash flow yield | 1.5% | 0.5% | -0.1% | -0.3% | -0.6% | -0.7% |
| Revenue growth | 30.7% | 52.0% | 79.8% | 54.5% | 17.7% | 16.3% |
| Earnings growth | 6.3% | -45.4% | -459.4% | -20.3% | -15.7% | -37.0% |
| Current ratio | 4.85x | 4.32x | 3.10x | 3.76x | 5.00x | 7.31x |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.02x | 0.02x | 0.01x |
| Equity ratio | 83.7% | 82.7% | 79.1% | 72.3% | 77.3% | 85.7% |
| Interest coverage | 82.93x | 72.43x | 5.08x | -66.53x | -69.07x | -221.49x |
| R&D as a share of sales | 7.8% | 8.5% | 9.7% | 16.1% | 24.9% | 32.0% |
| Buybacks as a share of market value | 0.1% | -0.9% | -2.7% | -0.3% | -0.9% | -21.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 52.9% | 45.4% | 34.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 92.6% | 92.2% | 91.9% | 91.1% |
| Operating margin | 21.4% | 13.2% | 6.3% | -9.1% |
| Net margin | 13.3% | 15.1% | 7.8% | -9.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 88.3 | 193.2 | 50.9 | -76.2 | -33.1 | -24.7 | -5.3 | -3.0 | -3.9 |
| Price to sales | 10.7 | 28.8 | 21.1 | 15.8 | 13.3 | 13.9 | 5.5 | 5.5 | 3.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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