S 
6.70
+0.75%
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 103.9m
FY2020FY2025
Net income
−SEK 4.0m
FY2020FY2025
Free cash flow
−SEK 4.5m
FY2020FY2025
Shareholders' equity
SEK 8.3m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | SEK 103.9m | SEK 82.8m | SEK 52.6m | SEK 42.3m | SEK 28.6m | SEK 17.5m |
| Gross profit | SEK 36.5m | SEK 30.0m | SEK 22.5m | SEK 18.7m | SEK 14.1m | SEK 8.2m |
| Operating income | −SEK 3.0m | −SEK 6.2m | −SEK 9.3m | −SEK 13.2m | −SEK 8.8m | −SEK 9.7m |
| Net income | −SEK 4.0m | −SEK 6.8m | −SEK 9.7m | −SEK 14.8m | −SEK 7.4m | −SEK 10.8m |
| Diluted earnings per share | -0.28 | -0.54 | -1.19 | -2.15 | -1.07 | -0.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | SEK 29.7m | SEK 25.7m | SEK 24.0m | SEK 22.9m | SEK 16.4m | SEK 8.2m |
| Cash and short-term investments | SEK 2.3m | SEK 3.0m | SEK 4.0m | SEK 5.8m | SEK 1.9m | SEK 512,000 |
| Total liabilities | SEK 21.4m | SEK 17.6m | SEK 16.4m | SEK 11.3m | SEK 8.0m | SEK 7.4m |
| Debt | SEK 7.0m | SEK 7.0m | SEK 4.0m | SEK 3.8m | SEK 5.1m | SEK 2.0m |
| Shareholders' equity | SEK 8.3m | SEK 8.0m | SEK 7.6m | SEK 11.6m | SEK 8.5m | SEK 868,000 |
| Shares outstanding | 14m | 13m | 8m | 7m | 7m | 19m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | SEK 996,000 | −SEK 3.9m | −SEK 6.1m | −SEK 9.9m | −SEK 9.1m | −SEK 7.5m |
| Capital spending | −SEK 5.5m | −SEK 5.0m | −SEK 3.8m | −SEK 3.8m | −SEK 4.0m | −SEK 2.5m |
| Free cash flow | −SEK 4.5m | −SEK 8.9m | −SEK 9.9m | −SEK 13.6m | −SEK 13.2m | −SEK 9.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 29.6m | SEK 30.5m | SEK 37.2m | SEK 22.9m | SEK 22.8m | SEK 21.0m | SEK 24.6m | SEK 20.9m |
| Gross profit | SEK 11.4m | SEK 11.0m | SEK 11.6m | SEK 7.9m | SEK 8.2m | SEK 8.8m | SEK 8.1m | SEK 7.1m |
| Operating income | SEK 274,000 | −SEK 598,000 | −SEK 1.1m | −SEK 1.0m | −SEK 562,000 | −SEK 332,000 | −SEK 2.9m | −SEK 1.9m |
| Net income | SEK 48,000 | −SEK 986,000 | −SEK 1.4m | −SEK 1.2m | −SEK 806,000 | −SEK 549,000 | −SEK 3.2m | −SEK 2.0m |
| Diluted earnings per share | 0.00 | -0.05 | -0.10 | -0.09 | -0.06 | -0.04 | -0.25 | -0.15 |
| Cash from operations | — | −SEK 1.0m | SEK 1.0m | — | — | — | — | −SEK 1.0m |
| Capital spending | −SEK 2.0m | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m |
| Free cash flow | — | −SEK 2.0m | SEK 0 | — | — | — | — | −SEK 2.0m |
| Total assets | SEK 33.5m | SEK 32.6m | SEK 29.7m | SEK 25.3m | SEK 26.3m | SEK 23.7m | SEK 25.7m | SEK 27.3m |
| Cash and short-term investments | SEK 2.3m | SEK 4.4m | SEK 2.3m | SEK 1.5m | SEK 3.2m | SEK 1.6m | SEK 3.0m | SEK 5.9m |
| Debt | SEK 5.6m | SEK 5.6m | SEK 6.1m | SEK 6.4m | SEK 7.0m | SEK 7.0m | SEK 7.0m | SEK 2.9m |
| Shareholders' equity | SEK 15.0m | SEK 14.6m | SEK 8.3m | SEK 9.7m | SEK 11.0m | SEK 7.4m | SEK 8.0m | SEK 11.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 35.4% | 43.5% | — |
| Operating income | -38.7% | -20.8% | — |
| Net income | -35.5% | -18.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.6% | 38.3% | 39.7% | — |
| Operating margin | -4.9% | -11.3% | -15.3% | — |
| Net margin | -5.8% | -12.5% | -16.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -15.6 | -7.2 | -2.4 | -1.4 |
| Price to sales | 0.6 | 0.6 | 0.4 | 0.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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