B 
10.18
+0.79%
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 245.1m
FY2016FY2025
Net income
SEK 49.0m
FY2016FY2025
Free cash flow
SEK 53.4m
FY2016FY2025
Shareholders' equity
SEK 210.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 245.1m | SEK 57.8m | SEK 213,000 | SEK 141,000 | SEK 3.6m | SEK 3.4m | SEK 1.8m | SEK 6.4m | SEK 6.2m | SEK 8.3m |
| Operating income | SEK 66.5m | −SEK 6.8m | −SEK 7.6m | −SEK 7.4m | −SEK 5.4m | −SEK 4.6m | −SEK 4.6m | −SEK 6.0m | −SEK 6.0m | −SEK 7.6m |
| Net income | SEK 49.0m | SEK 22.3m | −SEK 7.3m | −SEK 7.6m | −SEK 5.7m | −SEK 4.9m | −SEK 5.7m | −SEK 6.4m | −SEK 12.9m | −SEK 7.9m |
| Diluted earnings per share | 1.20 | 0.55 | -0.18 | -0.25 | -0.19 | -0.18 | -0.25 | -0.28 | -0.56 | -0.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 262.0m | SEK 219.2m | SEK 152.1m | SEK 150.6m | SEK 95.0m | SEK 91.3m | SEK 93.3m | SEK 84.2m | SEK 97.5m | SEK 69.3m |
| Cash and short-term investments | SEK 57.8m | SEK 17.6m | SEK 44.6m | SEK 66.2m | SEK 14.3m | SEK 11.8m | SEK 19.9m | SEK 12.1m | SEK 29.3m | SEK 2.9m |
| Total liabilities | SEK 51.2m | SEK 57.4m | SEK 17.5m | SEK 9.2m | SEK 5.9m | SEK 6.4m | SEK 6.3m | SEK 5.9m | SEK 12.9m | SEK 14.8m |
| Debt | SEK 2.7m | SEK 14.8m | SEK 7.4m | SEK 4.8m | SEK 4.6m | SEK 4.4m | SEK 4.2m | SEK 4.4m | SEK 9.6m | SEK 11.7m |
| Shareholders' equity | SEK 210.8m | SEK 161.9m | SEK 134.6m | SEK 141.4m | SEK 89.0m | SEK 84.9m | SEK 87.0m | SEK 78.3m | SEK 84.6m | SEK 54.5m |
| Shares outstanding | 41m | 41m | 40m | 30m | 30m | 27m | 23m | 23m | 23m | 19m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 106.1m | SEK 5.7m | −SEK 6.0m | −SEK 4.1m | −SEK 3.6m | −SEK 7.3m | −SEK 3.5m | −SEK 5.3m | −SEK 7.1m | −SEK 4.4m |
| Capital spending | −SEK 52.7m | −SEK 45.4m | −SEK 14.0m | −SEK 3.9m | −SEK 3.6m | −SEK 3.4m | −SEK 1.8m | −SEK 6.4m | −SEK 6.6m | −SEK 8.6m |
| Free cash flow | SEK 53.4m | −SEK 39.7m | −SEK 20.1m | −SEK 8.1m | −SEK 7.2m | −SEK 10.8m | −SEK 5.3m | −SEK 11.7m | −SEK 13.7m | −SEK 13.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 84.4m | SEK 117.5m | SEK 118.7m | — | SEK 115.1m | SEK 11.3m | SEK 57.8m | SEK 96,000 |
| Operating income | SEK 16.2m | SEK 30.2m | SEK 48.9m | −SEK 14.1m | SEK 44.0m | −SEK 12.3m | SEK 13.7m | −SEK 11.8m |
| Net income | SEK 12.6m | SEK 23.5m | SEK 36.1m | −SEK 11.7m | SEK 34.6m | −SEK 10.0m | SEK 43.0m | −SEK 11.8m |
| Diluted earnings per share | 0.31 | 0.57 | 0.88 | -0.29 | 0.85 | -0.25 | 1.05 | -0.29 |
| Cash from operations | SEK 20.0m | −SEK 37.0m | SEK 69.0m | −SEK 23.0m | SEK 54.0m | SEK 5.0m | SEK 7.0m | — |
| Capital spending | — | — | −SEK 15.0m | — | — | — | — | — |
| Free cash flow | — | — | SEK 54.0m | — | — | — | — | — |
| Total assets | SEK 308.9m | SEK 327.6m | SEK 262.0m | SEK 223.6m | SEK 273.2m | SEK 219.2m | SEK 219.2m | SEK 161.1m |
| Cash and short-term investments | SEK 28.5m | SEK 18.1m | SEK 57.8m | SEK 16.9m | SEK 52.5m | SEK 12.5m | SEK 17.6m | SEK 17.1m |
| Debt | SEK 6.1m | SEK 6.0m | SEK 2.7m | SEK 14.6m | SEK 14.6m | SEK 14.6m | SEK 14.6m | SEK 14.5m |
| Shareholders' equity | SEK 246.8m | SEK 234.2m | SEK 210.8m | SEK 174.7m | SEK 186.4m | SEK 151.8m | SEK 162.1m | SEK 119.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1102.3% | 134.8% | 46.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 19.7% | 14.8% | 11.2% | 1.3% |
| Net margin | 23.5% | 18.6% | 14.7% | 1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.2 | 22.6 | -45.9 | -20.7 | -58.8 | -65.1 | -15.5 | -18.9 | -15.9 | -22.7 |
| Price to sales | 1.8 | 8.8 | — | — | 94.3 | 93.3 | 48.4 | 18.8 | 33.0 | 21.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 24 Oct 2017
- 30-to-1 reverse split · 19 Apr 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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