D 
3.92
+1.55%
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 44.1m
FY2016FY2025
Net income
−SEK 7.6m
FY2016FY2025
Free cash flow
—
FY2016FY2025
Shareholders' equity
SEK 3.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 44.1m | SEK 46.8m | SEK 44.9m | SEK 45.8m | SEK 18.1m | SEK 4.8m | SEK 5.8m | SEK 4.3m | SEK 6.2m | SEK 3.3m |
| Research and development | — | SEK 224,000 | SEK 318,000 | SEK 386,000 | SEK 726,000 | SEK 715,000 | SEK 502,384 | SEK 407,772 | — | — |
| Operating income | −SEK 8.3m | −SEK 6.2m | −SEK 11.0m | −SEK 9.0m | −SEK 15.3m | −SEK 13.5m | −SEK 8.1m | −SEK 7.7m | −SEK 3.0m | −SEK 2.6m |
| Net income | −SEK 7.6m | −SEK 6.2m | −SEK 11.1m | −SEK 9.0m | −SEK 16.1m | −SEK 13.8m | −SEK 8.3m | −SEK 7.1m | −SEK 2.7m | −SEK 2.7m |
| Diluted earnings per share | -0.43 | -0.34 | -0.65 | -0.53 | -0.95 | -0.84 | -0.49 | -0.42 | -0.16 | -0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 20.8m | SEK 24.7m | SEK 30.6m | SEK 38.0m | SEK 48.2m | SEK 10.7m | SEK 10.9m | SEK 5.1m | SEK 11.6m | SEK 4.6m |
| Cash and short-term investments | SEK 5.7m | SEK 5.7m | SEK 10.5m | SEK 14.7m | SEK 28.2m | SEK 7.2m | SEK 3.3m | SEK 839,068 | SEK 8.5m | SEK 1.9m |
| Total liabilities | SEK 17.3m | SEK 13.5m | SEK 13.3m | SEK 9.7m | SEK 11.3m | SEK 4.5m | SEK 5.1m | SEK 3.6m | SEK 3.0m | SEK 3.4m |
| Debt | — | — | SEK 440,000 | SEK 920,000 | SEK 1.6m | SEK 2.5m | SEK 2.9m | SEK 1.4m | SEK 1.9m | SEK 2.0m |
| Shareholders' equity | SEK 3.5m | SEK 11.2m | SEK 17.4m | SEK 28.2m | SEK 36.9m | SEK 6.3m | SEK 5.8m | SEK 1.5m | SEK 8.6m | SEK 1.2m |
| Shares outstanding | 18m | 18m | 17m | 17m | 17m | 16m | 17m | 17m | 17m | 17m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 1.8m | −SEK 3.1m | −SEK 3.9m | −SEK 13.2m | −SEK 12.8m | −SEK 9.5m | −SEK 9.9m | −SEK 9.9m | −SEK 9.9m | −SEK 9.9m |
| Capital spending | −SEK 1.8m | −SEK 1.3m | — | — | −SEK 185,000 | −SEK 185,000 | −SEK 185,000 | −SEK 185,000 | −SEK 185,000 | — |
| Free cash flow | — | −SEK 4.3m | −SEK 3.9m | −SEK 13.2m | −SEK 13.0m | −SEK 9.6m | −SEK 10.1m | −SEK 10.1m | −SEK 10.1m | −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 4.2m | SEK 3.0m | SEK 14.0m | SEK 10.9m | SEK 12.4m | SEK 6.7m | SEK 14.1m | SEK 14.2m |
| Operating income | −SEK 1.1m | −SEK 2.3m | −SEK 134,000 | −SEK 1.2m | −SEK 1.4m | −SEK 5.1m | SEK 178,000 | −SEK 530,000 |
| Net income | −SEK 1.1m | SEK 19.9m | SEK 274,000 | −SEK 1.3m | −SEK 1.4m | −SEK 5.2m | SEK 286,000 | −SEK 586,000 |
| Diluted earnings per share | -0.07 | 1.18 | 0.02 | -0.07 | -0.08 | -0.29 | 0.02 | -0.03 |
| Cash from operations | SEK 1.0m | SEK 16.0m | SEK 5.0m | — | −SEK 5.0m | SEK 1.0m | SEK 1.0m | −SEK 3.0m |
| Capital spending | — | — | −SEK 5.0m | — | — | — | — | — |
| Free cash flow | — | — | SEK 0 | — | — | — | — | — |
| Total assets | SEK 43.4m | SEK 46.5m | SEK 20.8m | SEK 16.6m | SEK 19.0m | SEK 20.4m | SEK 24.7m | SEK 26.0m |
| Cash and short-term investments | SEK 36.1m | SEK 35.7m | SEK 5.7m | SEK 993,000 | SEK 780,000 | SEK 6.4m | SEK 5.7m | SEK 5.0m |
| Debt | — | — | — | — | — | — | — | SEK 80,000 |
| Shareholders' equity | SEK 34.7m | SEK 35.9m | SEK 3.5m | SEK 3.2m | SEK 4.5m | SEK 6.0m | SEK 11.2m | SEK 10.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.2% | 56.1% | — |
| Operating income | -2.8% | -9.3% | — |
| Net income | -5.2% | -11.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -5.6 | -8.3 | -3.0 | -6.3 | -4.4 |
| Price to sales | 1.0 | 1.1 | 0.7 | 1.2 | 3.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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