D 
64.90
+0.15%
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 250.5m
FY2018FY2025
Net income
−SEK 8.4m
FY2018FY2025
Free cash flow
SEK 6.7m
FY2018FY2025
Shareholders' equity
SEK 354.3m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 250.5m | SEK 216.9m | SEK 169.3m | SEK 126.6m | SEK 93.5m | SEK 65.7m | SEK 64.3m | SEK 48.1m |
| Gross profit | SEK 201.9m | SEK 172.7m | SEK 148.1m | SEK 105.8m | SEK 74.7m | SEK 56.6m | SEK 52.3m | SEK 34.8m |
| Research and development | SEK 18.0m | SEK 43.1m | SEK 41.1m | SEK 28.6m | SEK 20.8m | SEK 21.7m | SEK 9.9m | SEK 8.6m |
| Operating income | SEK 10.6m | −SEK 58.3m | −SEK 56.5m | −SEK 54.9m | −SEK 21.6m | −SEK 7.0m | SEK 8.6m | −SEK 3.5m |
| Net income | −SEK 8.4m | −SEK 61.5m | −SEK 53.6m | −SEK 46.0m | −SEK 20.7m | −SEK 10.9m | SEK 7.0m | SEK 519,000 |
| Diluted earnings per share | -0.50 | -3.70 | -3.29 | -2.85 | -1.81 | -3.76 | 2.31 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 469.7m | SEK 473.8m | SEK 510.1m | SEK 500.6m | SEK 456.9m | SEK 74.4m | SEK 73.7m | SEK 48.2m |
| Cash and short-term investments | SEK 77.5m | SEK 144.5m | SEK 262.9m | SEK 363.6m | SEK 377.6m | SEK 8.3m | SEK 10.4m | SEK 7.5m |
| Total liabilities | SEK 115.4m | SEK 124.8m | SEK 125.0m | SEK 69.2m | SEK 40.2m | SEK 43.6m | SEK 36.7m | SEK 18.3m |
| Debt | SEK 14.4m | SEK 59.1m | SEK 74.8m | SEK 21.2m | SEK 13.0m | SEK 21.5m | SEK 23.9m | SEK 9.7m |
| Shareholders' equity | SEK 354.3m | SEK 349.1m | SEK 385.1m | SEK 431.4m | SEK 416.7m | SEK 30.8m | SEK 37.0m | SEK 30.0m |
| Shares outstanding | 17m | 17m | 16m | 16m | 11m | 3m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 8.2m | −SEK 46.8m | −SEK 69.7m | −SEK 40.5m | −SEK 16.5m | SEK 627,000 | SEK 14.6m | SEK 6.0m |
| Capital spending | −SEK 1.5m | −SEK 76.9m | −SEK 32.0m | −SEK 25.8m | −SEK 8.8m | −SEK 3.4m | −SEK 9.3m | −SEK 5.1m |
| Free cash flow | SEK 6.7m | −SEK 123.7m | −SEK 101.7m | −SEK 66.3m | −SEK 25.3m | −SEK 2.8m | SEK 5.3m | SEK 957,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 60.2m | SEK 61.8m | SEK 72.0m | SEK 56.4m | SEK 67.4m | SEK 54.8m | SEK 64.2m | SEK 48.7m |
| Gross profit | SEK 45.8m | SEK 50.5m | SEK 57.2m | SEK 42.3m | SEK 56.8m | SEK 45.7m | SEK 54.2m | SEK 35.2m |
| Operating income | SEK 400,000 | SEK 2.8m | SEK 18.2m | SEK 1.4m | SEK 5.5m | −SEK 20.5m | SEK 700,000 | −SEK 23.7m |
| Net income | SEK 1.6m | SEK 2.9m | SEK 13.6m | −SEK 2.8m | SEK 1.3m | −SEK 20.5m | −SEK 3.2m | −SEK 23.2m |
| Diluted earnings per share | 0.10 | 0.17 | 0.81 | -0.17 | 0.08 | -1.23 | -0.19 | -1.40 |
| Cash from operations | SEK 12.0m | SEK 12.0m | SEK 11.0m | — | SEK 2.0m | −SEK 11.0m | −SEK 1.0m | −SEK 12.0m |
| Capital spending | −SEK 14.0m | — | −SEK 15.0m | — | −SEK 17.0m | −SEK 19.0m | −SEK 21.0m | −SEK 4.0m |
| Free cash flow | −SEK 2.0m | — | −SEK 4.0m | — | −SEK 15.0m | −SEK 30.0m | −SEK 22.0m | −SEK 16.0m |
| Total assets | SEK 493.1m | SEK 470.1m | SEK 469.7m | SEK 459.9m | SEK 461.1m | SEK 454.2m | SEK 473.8m | SEK 462.9m |
| Cash and short-term investments | SEK 81.0m | SEK 75.3m | SEK 77.5m | SEK 84.9m | SEK 100.4m | SEK 114.1m | SEK 144.5m | SEK 171.4m |
| Debt | SEK 13.4m | SEK 14.0m | SEK 28.5m | SEK 12.8m | SEK 13.6m | SEK 14.2m | SEK 14.0m | SEK 14.1m |
| Shareholders' equity | SEK 381.0m | SEK 357.9m | SEK 354.3m | SEK 341.0m | SEK 338.0m | SEK 330.5m | SEK 349.1m | SEK 349.0m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 80.6% | 79.6% | 87.5% | 83.5% | 79.9% | 86.2% |
| Operating margin | 4.2% | -24.9% | -31.7% | -41.2% | -22.8% | -15.1% |
| Net margin | -3.4% | -28.4% | -31.7% | -36.3% | -22.2% | -16.6% |
| Return on equity | -2.4% | -17.6% | -13.9% | -10.7% | -5.0% | -35.5% |
| Return on assets | -1.8% | -13.0% | -10.5% | -9.2% | -4.5% | -14.7% |
| Free cash flow yield | 1.1% | 3.3% | -4.2% | -1.7% | -1.2% | — |
| Revenue growth | 15.5% | 28.1% | 33.7% | 35.4% | 42.3% | 2.2% |
| Earnings growth | -86.3% | 14.7% | 16.6% | 121.7% | 90.0% | -255.7% |
| Current ratio | 2.88x | 3.48x | 5.43x | 8.04x | 14.02x | 1.42x |
| Debt to equity | 0.04x | 0.04x | 0.05x | 0.01x | 0.01x | 0.35x |
| Equity ratio | 75.4% | 73.7% | 75.5% | 86.2% | 91.2% | 41.4% |
| Interest coverage | 0.78x | -15.46x | -67.00x | -104.37x | -22.72x | -10.73x |
| R&D as a share of sales | 7.2% | 19.9% | 24.3% | 22.6% | 22.3% | 33.0% |
| Buybacks as a share of market value | -0.5% | -2.0% | -1.0% | -41.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.5% | 30.7% | — |
| Net income | -43.2% | -5.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 80.1% | 82.3% | 82.4% | — |
| Operating margin | -10.2% | -20.8% | -20.3% | — |
| Net margin | -15.0% | -22.2% | -21.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -227.1 | -32.0 | -23.9 | -25.3 | -48.9 |
| Price to sales | 7.6 | 9.1 | 7.6 | 9.2 | 10.8 |
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.