C 
4.34
+3.33%
Close of 9 Nov 2026, in SEK
Search any instrument
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 219.2m
FY2016FY2025
Net income
SEK 5.3m
FY2016FY2025
Free cash flow
−SEK 6.3m
FY2016FY2025
Shareholders' equity
SEK 94.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 219.2m | SEK 191.7m | SEK 160.6m | SEK 149.4m | SEK 134.0m | SEK 140.2m | SEK 123.5m | SEK 112.5m | SEK 100.2m | SEK 78.1m |
| Research and development | — | SEK 37.7m | SEK 41.2m | SEK 34.2m | SEK 28.0m | SEK 28.3m | SEK 33.7m | SEK 28.3m | SEK 20.2m | SEK 11.1m |
| Operating income | −SEK 14.2m | −SEK 12.8m | −SEK 31.8m | −SEK 49.5m | −SEK 61.0m | −SEK 48.7m | −SEK 76.5m | −SEK 90.1m | −SEK 76.5m | −SEK 72.5m |
| Net income | SEK 5.3m | −SEK 56.0m | −SEK 65.3m | −SEK 112.8m | −SEK 91.1m | −SEK 81.2m | −SEK 188.2m | −SEK 122.9m | −SEK 66.4m | −SEK 55.2m |
| Diluted earnings per share | 0.01 | -0.17 | -0.59 | -1.02 | -1.64 | -3.02 | -7.28 | -4.97 | -2.76 | -2.71 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 401.0m | SEK 359.2m | SEK 299.4m | SEK 291.2m | SEK 291.5m | SEK 382.9m | SEK 303.3m | SEK 385.8m | SEK 302.1m | SEK 277.2m |
| Cash and short-term investments | SEK 95.9m | SEK 83.2m | SEK 38.7m | SEK 42.4m | SEK 49.9m | SEK 143.2m | SEK 70.9m | SEK 82.2m | SEK 26.5m | SEK 75.3m |
| Total liabilities | SEK 306.9m | SEK 443.4m | SEK 528.2m | SEK 454.7m | SEK 345.3m | SEK 370.8m | SEK 392.6m | SEK 319.1m | SEK 92.4m | SEK 68.8m |
| Debt | SEK 122.9m | SEK 244.7m | SEK 313.3m | SEK 288.6m | SEK 241.2m | SEK 231.1m | SEK 304.7m | SEK 238.3m | — | — |
| Shareholders' equity | SEK 94.1m | −SEK 84.2m | −SEK 228.9m | −SEK 163.5m | −SEK 53.7m | SEK 12.1m | −SEK 89.3m | SEK 66.7m | SEK 209.7m | SEK 208.4m |
| Shares outstanding | 362m | 328m | 111m | 111m | 56m | 27m | 26m | 25m | 24m | 20m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 35.4m | SEK 4.5m | SEK 13.3m | −SEK 24.7m | −SEK 56.3m | SEK 24.1m | −SEK 57.6m | −SEK 68.7m | −SEK 77.4m | −SEK 52.4m |
| Capital spending | −SEK 41.7m | −SEK 41.8m | −SEK 42.0m | −SEK 36.4m | −SEK 39.4m | −SEK 54.3m | −SEK 46.6m | −SEK 48.0m | −SEK 25.1m | −SEK 20.4m |
| Free cash flow | −SEK 6.3m | −SEK 37.3m | −SEK 28.7m | −SEK 61.1m | −SEK 95.7m | −SEK 30.2m | −SEK 104.2m | −SEK 116.7m | −SEK 102.5m | −SEK 72.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 89.2m | SEK 73.1m | SEK 60.6m | SEK 51.3m | SEK 55.7m | SEK 54.2m | SEK 61.4m | SEK 45.6m |
| Operating income | SEK 9.7m | SEK 2.5m | −SEK 4.4m | SEK 2.1m | −SEK 4.8m | SEK 7.7m | −SEK 3.2m | SEK 714,000 |
| Net income | SEK 10.0m | SEK 1.4m | SEK 17.7m | SEK 272,000 | −SEK 15.9m | SEK 3.2m | −SEK 17.4m | −SEK 5.1m |
| Diluted earnings per share | 0.03 | 0.00 | 0.05 | 0.00 | -0.04 | 0.01 | -0.05 | -0.02 |
| Cash from operations | −SEK 6.0m | −SEK 3.0m | SEK 23.0m | SEK 8.0m | — | SEK 4.0m | SEK 5.0m | SEK 2.0m |
| Capital spending | — | −SEK 9.0m | — | −SEK 8.0m | −SEK 10.0m | −SEK 10.0m | −SEK 11.0m | −SEK 8.0m |
| Free cash flow | — | −SEK 12.0m | — | SEK 0 | — | −SEK 6.0m | −SEK 6.0m | −SEK 6.0m |
| Total assets | SEK 369.3m | SEK 386.5m | SEK 401.0m | SEK 309.5m | SEK 331.6m | SEK 326.7m | SEK 359.2m | SEK 376.6m |
| Cash and short-term investments | SEK 41.7m | SEK 68.5m | SEK 95.9m | SEK 40.2m | SEK 54.1m | SEK 63.8m | SEK 83.2m | SEK 115.3m |
| Debt | SEK 24.7m | SEK 113.8m | SEK 122.9m | SEK 185.6m | SEK 190.6m | SEK 233.8m | SEK 249.4m | SEK 325.8m |
| Shareholders' equity | SEK 107.3m | SEK 95.5m | SEK 94.1m | −SEK 39.2m | −SEK 39.5m | −SEK 81.2m | −SEK 84.2m | −SEK 125.4m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -6.5% | -6.7% | -19.8% | -59.7% | -57.1% | -47.1% | — |
| Net margin | 2.4% | -29.2% | -40.7% | -75.5% | -68.0% | -58.0% | — |
| Return on equity | 5.6% | 66.5% | 28.6% | 69.0% | 169.7% | -673.2% | — |
| Return on assets | 1.3% | -15.6% | -21.8% | -38.8% | -31.3% | -21.2% | — |
| Free cash flow yield | 4.7% | 3.1% | 11.0% | 2.3% | -6.7% | 64.4% | — |
| Revenue growth | 14.4% | 19.3% | 7.5% | 11.5% | -4.4% | 13.5% | — |
| Earnings growth | -109.5% | -14.3% | -42.1% | 23.8% | 12.2% | -56.8% | — |
| Current ratio | 0.92x | 1.00x | 0.37x | 0.94x | 0.89x | 1.35x | — |
| Debt to equity | 1.21x | -2.76x | -1.30x | -1.76x | -4.43x | 20.39x | — |
| Equity ratio | 23.5% | -23.4% | -76.5% | -56.2% | -18.4% | 3.2% | — |
| Interest coverage | -1.41x | -0.30x | -0.93x | -3.44x | -4.38x | -3.78x | — |
| R&D as a share of sales | — | 19.7% | 25.7% | 22.9% | 20.9% | 20.2% | 27.3% |
| Buybacks as a share of market value | -10.4% | -196.4% | 0.0% | -99.5% | -106.1% | -4.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.6% | 9.4% | 13.1% |
| Operating income | -34.0% | -21.8% | -12.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -6.6% | -15.0% | -21.9% | -40.0% |
| Net margin | -12.3% | -31.7% | -40.3% | -59.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 198.3 | -13.6 | -2.2 | -0.8 | -0.9 | -0.6 | -0.6 | -0.8 | -2.2 | -4.3 |
| Price to sales | 4.8 | 4.0 | 0.9 | 0.6 | 0.6 | 0.3 | 0.9 | 0.8 | 1.4 | 3.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.