C 
0.02
-5.49%
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 5.6m
FY2016FY2025
Net income
−SEK 132.0m
FY2016FY2025
Free cash flow
−SEK 47.3m
FY2016FY2025
Shareholders' equity
SEK 121.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 5.6m | SEK 37.3m | SEK 47.3m | SEK 76.8m | SEK 71.3m | SEK 29.3m | SEK 11.9m | SEK 6.6m | SEK 1.5m | SEK 1.8m |
| Research and development | — | SEK 3.1m | SEK 3.1m | SEK 1.6m | SEK 989,000 | SEK 983,000 | SEK 735,000 | SEK 486,000 | SEK 41,231 | — |
| Operating income | −SEK 124.9m | −SEK 99.0m | −SEK 119.5m | −SEK 102.6m | −SEK 78.0m | −SEK 43.0m | −SEK 47.4m | −SEK 44.4m | −SEK 18.0m | −SEK 8.4m |
| Net income | −SEK 132.0m | −SEK 100.4m | −SEK 121.4m | −SEK 104.2m | −SEK 79.9m | −SEK 44.3m | −SEK 48.4m | −SEK 44.6m | −SEK 18.3m | −SEK 8.6m |
| Diluted earnings per share | -0.38 | -0.14 | -0.58 | -0.44 | -0.42 | -0.23 | -1.00 | -1.55 | -0.84 | -0.39 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 163.4m | SEK 261.2m | SEK 381.9m | SEK 401.5m | SEK 238.7m | SEK 242.9m | SEK 58.0m | SEK 38.1m | SEK 29.6m | SEK 52.5m |
| Cash and short-term investments | SEK 10.9m | SEK 20.4m | SEK 99.9m | SEK 164.7m | SEK 28.6m | SEK 151.9m | SEK 16.9m | SEK 8.0m | SEK 9.8m | SEK 41.9m |
| Total liabilities | SEK 42.3m | SEK 42.2m | SEK 78.6m | SEK 77.2m | SEK 96.1m | SEK 41.0m | SEK 13.0m | SEK 18.9m | SEK 6.5m | SEK 11.1m |
| Debt | SEK 32.5m | SEK 30.9m | SEK 42.7m | SEK 44.7m | SEK 19.5m | SEK 22.0m | SEK 1.3m | SEK 12.3m | SEK 3.4m | SEK 4.0m |
| Shareholders' equity | SEK 121.0m | SEK 219.1m | SEK 303.4m | SEK 324.3m | SEK 142.6m | SEK 201.9m | SEK 45.1m | SEK 19.1m | SEK 23.1m | SEK 41.4m |
| Shares outstanding | 351m | 696m | 210m | 239m | 190m | 188m | 49m | 29m | 22m | 22m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 45.4m | −SEK 62.2m | −SEK 101.0m | −SEK 105.9m | −SEK 86.1m | −SEK 47.6m | −SEK 41.0m | −SEK 42.6m | −SEK 15.8m | −SEK 8.9m |
| Capital spending | −SEK 1.9m | −SEK 14.4m | −SEK 53.5m | −SEK 68.4m | −SEK 54.3m | −SEK 22.0m | −SEK 12.5m | −SEK 8.7m | −SEK 11.1m | −SEK 7.6m |
| Free cash flow | −SEK 47.3m | −SEK 76.7m | −SEK 154.4m | −SEK 174.3m | −SEK 140.4m | −SEK 69.6m | −SEK 53.5m | −SEK 51.2m | −SEK 26.9m | −SEK 16.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 1.4m | SEK 2.2m | SEK 1.1m | SEK 417,000 | SEK 2.1m | SEK 1.9m | SEK 2.2m | SEK 5.5m |
| Operating income | −SEK 17.3m | −SEK 16.3m | −SEK 65.3m | −SEK 21.7m | −SEK 20.0m | −SEK 20.8m | −SEK 39.7m | −SEK 17.5m |
| Net income | −SEK 17.6m | −SEK 18.5m | −SEK 66.4m | −SEK 22.8m | −SEK 21.2m | −SEK 21.5m | −SEK 38.8m | −SEK 17.9m |
| Diluted earnings per share | -0.03 | -0.03 | -0.19 | -0.06 | -0.06 | -0.06 | -0.06 | -0.03 |
| Cash from operations | −SEK 2.0m | −SEK 9.0m | −SEK 3.0m | −SEK 19.0m | −SEK 11.0m | −SEK 10.0m | −SEK 7.0m | — |
| Capital spending | — | — | — | — | — | — | −SEK 2.0m | −SEK 2.0m |
| Free cash flow | — | — | — | — | — | — | −SEK 9.0m | — |
| Total assets | SEK 135.9m | SEK 148.1m | SEK 163.4m | SEK 216.7m | SEK 224.5m | SEK 238.8m | SEK 261.2m | SEK 306.9m |
| Cash and short-term investments | SEK 424,000 | SEK 4.0m | SEK 10.9m | SEK 6.7m | SEK 955,000 | SEK 5.8m | SEK 20.4m | SEK 18.2m |
| Debt | SEK 10.5m | SEK 10.2m | SEK 20.7m | SEK 14.3m | SEK 27.7m | SEK 18.3m | SEK 20.2m | SEK 22.2m |
| Shareholders' equity | SEK 102.1m | SEK 122.1m | SEK 121.0m | SEK 187.5m | SEK 175.3m | SEK 197.5m | SEK 219.1m | SEK 257.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -58.3% | -28.3% | 11.6% |
| Operating income | 6.8% | 23.8% | 32.7% |
| Net income | 8.2% | 24.4% | 33.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -522.1% | -267.1% | -211.9% | -237.8% |
| Net margin | -541.8% | -274.3% | -217.5% | -243.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.4 | -3.7 | -1.4 | -7.7 | -19.5 | -44.6 | -2.5 | -0.5 | -2.1 | -8.6 |
| Price to sales | 10.2 | 9.8 | 3.7 | 10.5 | 21.8 | 67.4 | 10.1 | 3.3 | 24.7 | 40.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 25 Aug 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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