D 
0.45
-2.69%
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 63.5m
FY2016FY2025
Net income
−SEK 335.5m
FY2016FY2025
Free cash flow
SEK 250.3m
FY2016FY2025
Shareholders' equity
SEK 1.97bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 63.5m | SEK 571.8m | SEK 9.9m | SEK 5.2m | SEK 121.3m | SEK 8.5m | SEK 19.3m | SEK 33.8m | SEK 16.3m | SEK 17.5m |
| Research and development | — | — | — | — | SEK 800,000 | SEK 561,000 | SEK 556,000 | SEK 769,000 | SEK 782,000 | — |
| Operating income | −SEK 151.7m | −SEK 1.76bn | SEK 269.4m | −SEK 52.7m | SEK 76.5m | −SEK 13.1m | −SEK 11.0m | SEK 8.4m | −SEK 9.5m | −SEK 10.1m |
| Net income | −SEK 335.5m | −SEK 1.72bn | SEK 291.9m | −SEK 39.9m | SEK 76.2m | −SEK 13.7m | −SEK 11.3m | SEK 8.0m | −SEK 10.6m | −SEK 10.7m |
| Diluted earnings per share | -0.26 | -2.37 | 0.63 | -0.14 | 0.31 | -0.16 | -0.13 | 0.09 | -0.19 | -0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 4.03bn | SEK 8.20bn | SEK 3.50bn | SEK 1.79bn | SEK 878.8m | SEK 14.5m | SEK 16.6m | SEK 28.8m | SEK 22.7m | SEK 14.4m |
| Cash and short-term investments | SEK 58.2m | SEK 70.6m | SEK 111.9m | SEK 60.0m | SEK 15.1m | SEK 4.6m | SEK 4.7m | SEK 19.7m | SEK 11.3m | SEK 2.3m |
| Total liabilities | SEK 2.06bn | SEK 5.89bn | SEK 280.8m | SEK 18.3m | SEK 9.0m | SEK 5.0m | SEK 7.7m | SEK 8.7m | SEK 10.8m | SEK 14.1m |
| Debt | SEK 1.36bn | SEK 3.63bn | SEK 256.5m | SEK 4.9m | — | — | — | SEK 5.0m | SEK 7.0m | SEK 11.0m |
| Shareholders' equity | SEK 1.97bn | SEK 2.31bn | SEK 3.22bn | SEK 1.77bn | SEK 869.8m | SEK 9.4m | SEK 8.9m | SEK 20.1m | SEK 11.9m | SEK 312,000 |
| Shares outstanding | 1,286m | 728m | 462m | 294m | 243m | 87m | 87m | 87m | 57m | 57m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 266.1m | −SEK 63.2m | −SEK 37.8m | −SEK 38.5m | −SEK 18.6m | −SEK 14.3m | −SEK 9.2m | SEK 10.7m | −SEK 8.2m | −SEK 9.7m |
| Capital spending | −SEK 15.8m | −SEK 400,000 | −SEK 205.1m | −SEK 900,000 | — | −SEK 1.4m | −SEK 750,000 | −SEK 628,000 | −SEK 840,000 | −SEK 2.7m |
| Free cash flow | SEK 250.3m | −SEK 63.6m | −SEK 242.9m | −SEK 39.4m | −SEK 18.6m | −SEK 15.7m | −SEK 9.9m | SEK 10.1m | −SEK 9.1m | −SEK 12.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 2.0m | SEK 18.4m | SEK 57.6m | SEK 4.6m | SEK 500,000 | SEK 800,000 | — | SEK 6.1m |
| Operating income | −SEK 15.3m | −SEK 10.0m | −SEK 64.6m | −SEK 13.0m | −SEK 62.8m | −SEK 11.3m | −SEK 840.6m | −SEK 438.3m |
| Net income | −SEK 8.0m | −SEK 20.7m | −SEK 97.3m | −SEK 75.6m | −SEK 122.8m | −SEK 39.8m | −SEK 842.3m | −SEK 418.8m |
| Diluted earnings per share | -0.01 | -0.02 | -0.08 | -0.06 | -0.10 | -0.03 | -1.16 | -0.58 |
| Cash from operations | −SEK 11.0m | −SEK 35.0m | SEK 559.0m | SEK 113.0m | −SEK 286.0m | −SEK 119.0m | −SEK 10.0m | −SEK 21.0m |
| Capital spending | −SEK 11.0m | −SEK 35.0m | −SEK 158.0m | −SEK 113.0m | −SEK 286.0m | — | — | — |
| Free cash flow | −SEK 22.0m | −SEK 70.0m | SEK 401.0m | SEK 0 | −SEK 572.0m | — | — | — |
| Total assets | SEK 4.06bn | SEK 4.02bn | SEK 4.03bn | SEK 4.14bn | SEK 4.51bn | SEK 4.78bn | SEK 8.20bn | SEK 3.47bn |
| Cash and short-term investments | SEK 20.2m | SEK 57.5m | SEK 58.2m | SEK 63.2m | SEK 61.5m | SEK 241.7m | SEK 70.6m | SEK 17.6m |
| Debt | SEK 1.45bn | SEK 1.41bn | SEK 1.55bn | SEK 1.31bn | SEK 1.66bn | SEK 1.58bn | SEK 2.96bn | — |
| Shareholders' equity | SEK 1.96bn | SEK 1.95bn | SEK 1.97bn | SEK 2.07bn | SEK 2.15bn | SEK 2.27bn | SEK 2.31bn | SEK 3.30bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 130.3% | 49.4% | 15.5% |
| Operating income | 42.3% | 63.2% | 25.4% |
| Net income | 103.3% | 89.6% | 35.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -301.2% | -260.9% | -209.3% | -189.5% |
| Net margin | -324.1% | -277.8% | -223.6% | -202.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.7 | -0.1 | 2.7 | -18.0 | 21.0 | -4.3 | -7.5 | 8.3 | -2.0 | -4.4 |
| Price to sales | 8.9 | 0.5 | 79.8 | 137.9 | 13.2 | 6.9 | 4.4 | 2.0 | 1.3 | 2.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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