45.00
+2.04%
Close of 9 Nov 2026, in SEK
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At a glance
Figures in SEK, from our data supplier.
Revenue
SEK 522.0m
FY2016FY2025
Net income
SEK 50.4m
FY2016FY2025
Free cash flow
SEK 23.8m
FY2016FY2025
Shareholders' equity
SEK 616.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 522.0m | SEK 576.3m | SEK 535.2m | SEK 371.7m | SEK 261.2m | SEK 255.7m | SEK 283.6m | SEK 1.42bn | SEK 1.43bn | SEK 1.64bn |
| Research and development | SEK 8.4m | SEK 33.6m | SEK 19.5m | SEK 9.0m | SEK 7.3m | SEK 13.2m | SEK 15.0m | SEK 62.0m | SEK 53.1m | SEK 63.2m |
| Operating income | SEK 2.4m | −SEK 52.0m | SEK 33.6m | −SEK 185.4m | SEK 22.5m | −SEK 131.3m | −SEK 222.6m | SEK 82.6m | SEK 114.7m | SEK 141.8m |
| Net income | SEK 50.4m | −SEK 46.4m | SEK 16.3m | −SEK 191.6m | −SEK 20.7m | −SEK 167.0m | −SEK 307.0m | −SEK 217.3m | SEK 21.4m | SEK 58.9m |
| Diluted earnings per share | 4.64 | -3.97 | 1.72 | -16.37 | -1.77 | -14.27 | -26.23 | -18.57 | 1.83 | 5.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 806.3m | SEK 1.05bn | SEK 1.09bn | SEK 1.16bn | SEK 1.49bn | SEK 1.43bn | SEK 1.94bn | SEK 1.87bn | SEK 2.06bn | SEK 1.96bn |
| Cash and short-term investments | SEK 149.2m | SEK 196.8m | SEK 321.7m | SEK 345.9m | SEK 863.5m | SEK 1.08bn | SEK 7.3m | SEK 105.4m | SEK 237.5m | SEK 245.0m |
| Total liabilities | SEK 187.8m | SEK 318.8m | SEK 268.7m | SEK 334.0m | SEK 539.7m | SEK 172.4m | SEK 1.66bn | SEK 1.47bn | SEK 1.43bn | SEK 1.51bn |
| Debt | SEK 34.1m | SEK 86.6m | SEK 85.0m | SEK 116.8m | SEK 315.3m | SEK 22.4m | SEK 928.4m | SEK 850.6m | SEK 921.1m | SEK 978.3m |
| Shareholders' equity | SEK 616.0m | SEK 673.5m | SEK 761.5m | SEK 771.3m | SEK 950.5m | SEK 1.26bn | SEK 243.2m | SEK 370.5m | SEK 568.0m | SEK 380.0m |
| Shares outstanding | 11m | 12m | 9m | 12m | 12m | 12m | 12m | 12m | 12m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 26.3m | −SEK 8.3m | SEK 16.1m | −SEK 34.8m | −SEK 26.7m | −SEK 85.4m | SEK 60.2m | −SEK 36.7m | −SEK 36.5m | SEK 93.1m |
| Capital spending | −SEK 2.5m | −SEK 19.4m | −SEK 25.1m | −SEK 25.4m | −SEK 23.4m | −SEK 22.6m | −SEK 800,000 | −SEK 51.9m | −SEK 73.1m | −SEK 74.6m |
| Free cash flow | SEK 23.8m | −SEK 27.7m | −SEK 9.0m | −SEK 60.2m | −SEK 50.1m | −SEK 108.0m | SEK 59.4m | −SEK 88.6m | −SEK 109.6m | SEK 18.5m |
| Dividends paid | −SEK 81.9m | −SEK 35.1m | −SEK 500,000 | — | −SEK 175.5m | −SEK 198.9m | −SEK 198.9m | −SEK 198.9m | −SEK 32.7m | −SEK 31.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 108.7m | SEK 110.7m | SEK 119.7m | SEK 120.6m | SEK 159.0m | SEK 122.7m | SEK 160.6m | SEK 149.6m |
| Operating income | −SEK 4.7m | −SEK 9.0m | −SEK 11.7m | SEK 1.7m | SEK 7.3m | SEK 5.1m | −SEK 29.7m | SEK 4.2m |
| Net income | SEK 36.4m | SEK 147.4m | −SEK 9.3m | −SEK 23.1m | SEK 74.3m | SEK 4.9m | −SEK 31.2m | SEK 2.1m |
| Diluted earnings per share | 3.14 | 12.73 | -0.86 | -2.13 | 6.84 | 0.45 | -2.67 | 0.18 |
| Cash from operations | −SEK 14.0m | −SEK 23.0m | SEK 35.0m | −SEK 26.0m | SEK 36.0m | −SEK 25.0m | SEK 19.0m | −SEK 25.0m |
| Capital spending | — | — | — | −SEK 2.0m | −SEK 9.0m | −SEK 3.0m | −SEK 4.0m | — |
| Free cash flow | — | — | — | −SEK 28.0m | SEK 27.0m | −SEK 28.0m | SEK 15.0m | — |
| Total assets | SEK 993.2m | SEK 955.3m | SEK 806.3m | SEK 828.7m | SEK 967.6m | SEK 926.9m | SEK 1.05bn | SEK 1.08bn |
| Cash and short-term investments | SEK 178.7m | SEK 183.7m | SEK 149.2m | SEK 126.1m | SEK 221.3m | SEK 179.1m | SEK 196.8m | SEK 194.2m |
| Debt | SEK 56.4m | SEK 31.0m | SEK 25.3m | SEK 25.5m | SEK 28.1m | SEK 35.6m | SEK 61.0m | SEK 71.9m |
| Shareholders' equity | SEK 794.8m | SEK 771.7m | SEK 616.0m | SEK 628.1m | SEK 743.6m | SEK 672.3m | SEK 673.5m | SEK 704.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.0% | 15.3% | -10.4% |
| Operating income | — | — | -34.9% |
| Net income | — | — | -2.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -4.5% | -10.0% | -12.3% | -0.2% |
| Net margin | 0.4% | -8.5% | -14.2% | -8.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.2 | -11.2 | 17.6 | -1.9 | -39.0 | -4.1 | -3.0 | -1.9 | 22.8 | 13.6 |
| Price to sales | 1.0 | 0.9 | 0.5 | 1.0 | 3.1 | 2.6 | 3.3 | 0.3 | 0.3 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 24 Sept 2025.
| FY2025 | FY2024 | FY2021 | FY2020 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 7.00 | 3.00 | 15.00 | 17.00 | 2.00 | 2.00 | 1.25 | 0.40 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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