C 
47.50
-5.38%
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 444.0m
FY2017FY2025
Net income
−SEK 56.8m
FY2017FY2025
Free cash flow
−SEK 5.9m
FY2017FY2025
Shareholders' equity
SEK 560.8m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 444.0m | SEK 435.2m | SEK 468.7m | SEK 461.2m | SEK 542.2m | SEK 795.3m | SEK 1.11bn | SEK 1.56bn | SEK 1.84bn |
| Research and development | — | SEK 48.3m | SEK 27.6m | SEK 20.9m | SEK 18.8m | SEK 29.4m | SEK 14.1m | SEK 10.8m | SEK 16.9m |
| Operating income | −SEK 56.3m | −SEK 111.4m | −SEK 68.2m | −SEK 151.8m | −SEK 62.5m | SEK 2.0m | −SEK 1.5m | SEK 23.0m | −SEK 95.3m |
| Net income | −SEK 56.8m | −SEK 110.9m | −SEK 68.6m | −SEK 149.9m | −SEK 62.6m | −SEK 6.3m | −SEK 1.5m | −SEK 35.0m | −SEK 69.1m |
| Diluted earnings per share | -4.97 | -10.32 | -6.38 | -23.27 | -9.71 | -1.05 | -0.25 | -5.84 | -11.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 802.4m | SEK 864.6m | SEK 954.3m | SEK 237.7m | SEK 380.9m | SEK 295.7m | SEK 503.2m | SEK 536.7m | SEK 522.2m |
| Cash and short-term investments | SEK 149.6m | SEK 144.9m | SEK 153.8m | SEK 123.1m | SEK 202.9m | SEK 170.3m | SEK 196.6m | SEK 203.6m | SEK 1.6m |
| Total liabilities | SEK 241.6m | SEK 288.7m | SEK 267.2m | SEK 193.2m | SEK 181.2m | SEK 236.8m | SEK 354.0m | SEK 385.9m | SEK 536.4m |
| Debt | — | SEK 7.1m | SEK 6.4m | — | — | — | — | — | — |
| Shareholders' equity | SEK 560.8m | SEK 576.0m | SEK 687.1m | SEK 44.5m | SEK 189.9m | SEK 58.9m | SEK 149.2m | SEK 150.8m | −SEK 14.2m |
| Shares outstanding | 11m | 11m | 11m | 6m | 6m | 6m | 6m | 6m | 6m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 5.8m | SEK 15.2m | −SEK 700,000 | −SEK 56.0m | −SEK 105.4m | SEK 29.6m | SEK 70.9m | SEK 23.0m | −SEK 19.4m |
| Capital spending | −SEK 100,000 | −SEK 24.0m | −SEK 300,000 | −SEK 22.1m | −SEK 21.6m | −SEK 22.8m | −SEK 28.5m | −SEK 22.7m | −SEK 24.6m |
| Free cash flow | −SEK 5.9m | −SEK 8.8m | −SEK 1.0m | −SEK 78.1m | −SEK 127.0m | SEK 6.8m | SEK 42.4m | SEK 300,000 | −SEK 44.0m |
| Dividends paid | — | — | — | — | — | −SEK 84.4m | −SEK 84.4m | −SEK 84.4m | −SEK 84.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 103.4m | SEK 90.6m | SEK 153.2m | SEK 109.8m | SEK 100.5m | SEK 80.5m | SEK 139.2m | SEK 103.0m |
| Operating income | −SEK 11.1m | −SEK 23.3m | −SEK 2.1m | −SEK 9.4m | −SEK 21.3m | −SEK 7.4m | −SEK 31.9m | −SEK 35.6m |
| Net income | −SEK 27.9m | −SEK 23.4m | −SEK 4.0m | −SEK 9.6m | −SEK 21.4m | −SEK 21.9m | −SEK 30.4m | −SEK 19.2m |
| Diluted earnings per share | -2.43 | -2.04 | -0.35 | -0.84 | -1.87 | -1.92 | -2.83 | -1.79 |
| Cash from operations | SEK 50.0m | −SEK 47.0m | SEK 64.0m | −SEK 23.0m | SEK 10.0m | −SEK 63.0m | SEK 79.0m | −SEK 8.0m |
| Capital spending | −SEK 6.0m | −SEK 5.0m | — | — | −SEK 5.0m | −SEK 5.0m | −SEK 2.0m | — |
| Free cash flow | SEK 44.0m | −SEK 52.0m | — | — | SEK 5.0m | −SEK 68.0m | SEK 77.0m | — |
| Total assets | SEK 744.9m | SEK 696.1m | SEK 802.4m | SEK 745.0m | SEK 736.4m | SEK 745.6m | SEK 864.6m | SEK 807.2m |
| Cash and short-term investments | SEK 140.7m | SEK 96.4m | SEK 149.6m | SEK 87.2m | SEK 81.8m | SEK 76.8m | SEK 144.9m | SEK 67.6m |
| Debt | — | — | — | — | — | — | SEK 7.1m | — |
| Shareholders' equity | SEK 509.8m | SEK 537.0m | SEK 560.8m | SEK 558.3m | SEK 533.5m | SEK 554.1m | SEK 576.0m | SEK 606.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.3% | -11.0% | — |
| Operating income | -28.2% | — | — |
| Net income | -27.6% | 55.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -12.7 | -8.5 | -21.9 | -7.8 | -48.6 | -244.4 |
| Price to sales | 1.6 | 2.2 | 3.2 | 2.5 | 5.6 | 1.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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