E 
2.40
-2.04%
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 53.9m
FY2016FY2025
Net income
−SEK 51.9m
FY2016FY2025
Free cash flow
−SEK 41.2m
FY2016FY2025
Shareholders' equity
SEK 124.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 53.9m | SEK 45.6m | SEK 50.9m | SEK 48.9m | SEK 57.2m | SEK 111.2m | SEK 61.3m | SEK 52.6m | SEK 59.4m | SEK 36.5m |
| Gross profit | SEK 33.1m | SEK 30.7m | SEK 31.9m | SEK 28.5m | SEK 33.4m | SEK 76.0m | SEK 44.9m | SEK 36.8m | SEK 36.3m | SEK 22.2m |
| Research and development | SEK 15.7m | SEK 15.5m | SEK 15.2m | SEK 26.5m | SEK 24.2m | SEK 22.5m | SEK 28.5m | SEK 20.8m | SEK 14.4m | SEK 12.3m |
| Operating income | −SEK 52.2m | −SEK 52.1m | −SEK 47.6m | −SEK 67.8m | −SEK 44.8m | −SEK 12.3m | −SEK 41.7m | −SEK 40.6m | −SEK 30.3m | −SEK 46.2m |
| Net income | −SEK 51.9m | −SEK 53.2m | −SEK 49.7m | −SEK 68.7m | −SEK 45.4m | −SEK 13.2m | −SEK 41.0m | −SEK 42.6m | −SEK 31.4m | −SEK 45.0m |
| Diluted earnings per share | -0.21 | -0.22 | -0.30 | -0.42 | -0.31 | -0.09 | -0.29 | -0.45 | -0.35 | -0.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 142.0m | SEK 195.2m | SEK 125.9m | SEK 174.4m | SEK 157.0m | SEK 162.0m | SEK 147.7m | SEK 185.2m | SEK 133.8m | SEK 162.6m |
| Cash and short-term investments | SEK 33.1m | SEK 75.2m | SEK 8.4m | SEK 50.7m | SEK 31.6m | SEK 24.0m | SEK 29.3m | SEK 70.3m | SEK 10.9m | SEK 35.6m |
| Total liabilities | SEK 17.8m | SEK 18.9m | SEK 49.3m | SEK 48.1m | SEK 32.1m | SEK 55.4m | SEK 28.5m | SEK 25.5m | SEK 23.1m | SEK 20.6m |
| Debt | SEK 1.0m | SEK 2.2m | SEK 18.1m | SEK 22.3m | SEK 3.9m | SEK 15.8m | SEK 6.7m | SEK 4.8m | SEK 2.4m | SEK 7.4m |
| Shareholders' equity | SEK 124.2m | SEK 176.4m | SEK 76.6m | SEK 126.3m | SEK 125.0m | SEK 106.6m | SEK 119.2m | SEK 159.7m | SEK 110.3m | SEK 141.7m |
| Shares outstanding | 243m | 243m | 164m | 164m | 147m | 143m | 143m | 95m | 91m | 91m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 41.0m | −SEK 60.5m | −SEK 40.3m | −SEK 64.6m | −SEK 35.9m | −SEK 10.7m | −SEK 37.6m | −SEK 28.8m | −SEK 22.5m | −SEK 38.4m |
| Capital spending | −SEK 231,000 | −SEK 393,000 | −SEK 730,000 | −SEK 3.7m | −SEK 6.1m | −SEK 4.8m | −SEK 866,000 | −SEK 520,000 | −SEK 1.3m | −SEK 13.9m |
| Free cash flow | −SEK 41.2m | −SEK 60.9m | −SEK 41.0m | −SEK 68.3m | −SEK 42.0m | −SEK 15.5m | −SEK 38.4m | −SEK 29.3m | −SEK 23.8m | −SEK 52.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 7.1m | SEK 11.4m | SEK 18.3m | SEK 15.0m | SEK 8.3m | SEK 12.3m | SEK 17.2m | SEK 12.6m |
| Gross profit | SEK 3.2m | SEK 6.4m | SEK 11.0m | SEK 9.2m | SEK 4.4m | SEK 8.5m | SEK 11.5m | SEK 8.9m |
| Operating income | −SEK 12.6m | −SEK 13.5m | −SEK 11.0m | −SEK 8.3m | −SEK 14.9m | −SEK 18.0m | −SEK 13.7m | −SEK 6.4m |
| Net income | −SEK 13.0m | −SEK 13.5m | −SEK 11.0m | −SEK 8.4m | −SEK 14.5m | −SEK 18.0m | −SEK 13.3m | −SEK 7.2m |
| Diluted earnings per share | -0.05 | -0.06 | -0.05 | -0.03 | -0.06 | -0.07 | -0.05 | -0.03 |
| Cash from operations | −SEK 11.0m | −SEK 6.0m | — | −SEK 11.0m | −SEK 21.0m | −SEK 8.0m | −SEK 20.0m | −SEK 13.0m |
| Capital spending | — | — | — | −SEK 11.0m | — | — | — | — |
| Free cash flow | — | — | — | −SEK 22.0m | — | — | — | — |
| Total assets | SEK 124.6m | SEK 128.1m | SEK 142.0m | SEK 149.2m | SEK 154.7m | SEK 181.0m | SEK 195.2m | SEK 211.9m |
| Cash and short-term investments | SEK 13.1m | SEK 26.1m | SEK 33.1m | SEK 33.1m | SEK 45.3m | SEK 66.6m | SEK 75.2m | SEK 96.9m |
| Debt | SEK 2.7m | SEK 661,000 | SEK 1.0m | SEK 1.3m | SEK 1.6m | SEK 1.9m | SEK 2.2m | SEK 2.5m |
| Shareholders' equity | SEK 98.2m | SEK 110.9m | SEK 124.2m | SEK 135.7m | SEK 143.7m | SEK 158.0m | SEK 176.4m | SEK 189.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.3% | -13.5% | 6.8% |
| Operating income | -8.3% | 33.6% | 2.6% |
| Net income | -8.9% | 31.5% | 2.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 64.2% | 62.3% | 63.5% | 64.9% |
| Operating margin | -104.8% | -110.2% | -75.2% | -78.6% |
| Net margin | -105.6% | -112.1% | -76.7% | -79.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.9 | -7.2 | -13.0 | -10.8 | -28.2 | -202.0 | -13.8 | -3.1 | -9.0 | -3.3 |
| Price to sales | 8.6 | 8.4 | 12.7 | 15.1 | 22.4 | 24.0 | 9.3 | 2.5 | 4.7 | 4.1 |
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.