E 
0.06
+13.15%
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 13.5m
FY2016FY2025
Net income
−SEK 58.2m
FY2016FY2025
Free cash flow
−SEK 110.6m
FY2016FY2025
Shareholders' equity
SEK 47.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 13.5m | SEK 13.0m | SEK 10.3m | SEK 6.6m | SEK 6.5m | SEK 5.0m | SEK 4.9m | SEK 4.0m | SEK 2.5m | SEK 2.4m |
| Research and development | SEK 5.5m | SEK 5.3m | SEK 8.3m | SEK 11.6m | SEK 6.9m | SEK 4.1m | SEK 5.5m | SEK 9.7m | SEK 3.7m | SEK 1.6m |
| Operating income | −SEK 60.4m | −SEK 77.2m | −SEK 94.8m | −SEK 76.5m | −SEK 69.4m | −SEK 63.2m | −SEK 68.8m | −SEK 57.2m | −SEK 61.2m | −SEK 61.7m |
| Net income | −SEK 58.2m | −SEK 76.0m | −SEK 94.8m | −SEK 77.3m | −SEK 69.5m | −SEK 64.6m | −SEK 70.6m | −SEK 57.8m | −SEK 61.1m | −SEK 61.7m |
| Diluted earnings per share | -0.04 | -0.12 | -0.21 | -0.15 | -0.15 | -0.18 | -0.46 | -0.94 | -0.85 | -1.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 59.8m | SEK 97.8m | SEK 104.3m | SEK 197.2m | SEK 270.6m | SEK 185.4m | SEK 57.6m | SEK 54.8m | SEK 93.3m | SEK 60.3m |
| Cash and short-term investments | SEK 7.1m | SEK 50.5m | SEK 57.9m | SEK 155.3m | SEK 237.9m | SEK 155.0m | SEK 25.3m | SEK 28.3m | SEK 71.3m | SEK 42.3m |
| Total liabilities | SEK 12.3m | SEK 14.0m | SEK 19.8m | SEK 19.5m | SEK 17.8m | SEK 15.9m | SEK 16.2m | SEK 10.0m | SEK 7.7m | SEK 11.6m |
| Debt | SEK 6.8m | SEK 2.3m | SEK 5.2m | SEK 6.3m | SEK 2.9m | SEK 3.9m | SEK 5.9m | SEK 2.8m | — | SEK 1.2m |
| Shareholders' equity | SEK 47.5m | SEK 83.8m | SEK 84.5m | SEK 177.7m | SEK 252.8m | SEK 169.5m | SEK 41.4m | SEK 44.8m | SEK 85.6m | SEK 48.7m |
| Shares outstanding | 1,660m | 651m | 461m | 507m | 470m | 365m | 154m | 62m | 72m | 47m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 55.3m | −SEK 71.4m | −SEK 84.8m | −SEK 69.5m | −SEK 59.7m | −SEK 54.1m | −SEK 59.2m | −SEK 52.3m | −SEK 61.4m | −SEK 56.1m |
| Capital spending | −SEK 55.3m | −SEK 7.6m | −SEK 9.5m | −SEK 11.3m | −SEK 7.0m | −SEK 4.6m | −SEK 5.5m | −SEK 9.7m | −SEK 7.5m | −SEK 5.6m |
| Free cash flow | −SEK 110.6m | −SEK 79.0m | −SEK 94.3m | −SEK 80.8m | −SEK 66.7m | −SEK 58.7m | −SEK 64.7m | −SEK 62.0m | −SEK 68.9m | −SEK 61.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 12.3m | SEK 3.0m | SEK 3.5m | SEK 3.2m | SEK 2.9m | SEK 4.0m | SEK 3.4m | SEK 3.4m |
| Operating income | −SEK 198.5m | −SEK 30.4m | −SEK 15.2m | −SEK 11.2m | −SEK 17.7m | −SEK 16.3m | −SEK 19.0m | −SEK 16.3m |
| Net income | −SEK 207.1m | −SEK 26.9m | −SEK 13.5m | −SEK 10.4m | −SEK 17.7m | −SEK 16.6m | −SEK 18.1m | −SEK 15.9m |
| Diluted earnings per share | -0.04 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.03 | -0.02 |
| Cash from operations | SEK 19.0m | SEK 11.0m | −SEK 11.0m | −SEK 14.0m | −SEK 14.0m | −SEK 15.0m | −SEK 12.0m | −SEK 17.0m |
| Capital spending | — | — | −SEK 11.0m | −SEK 5.0m | −SEK 1.0m | −SEK 2.0m | −SEK 2.0m | −SEK 1.0m |
| Free cash flow | — | — | −SEK 22.0m | −SEK 19.0m | −SEK 15.0m | −SEK 17.0m | −SEK 14.0m | −SEK 18.0m |
| Total assets | SEK 1.48bn | SEK 722.0m | SEK 59.8m | SEK 76.6m | SEK 68.2m | SEK 85.8m | SEK 97.8m | SEK 113.5m |
| Cash and short-term investments | SEK 362.8m | SEK 12.2m | SEK 7.1m | SEK 21.7m | SEK 15.8m | SEK 32.6m | SEK 50.5m | SEK 66.8m |
| Debt | SEK 624.7m | SEK 2.9m | SEK 4.9m | SEK 5.7m | SEK 5.9m | SEK 9.6m | SEK 2.3m | SEK 2.9m |
| Shareholders' equity | SEK 598.9m | SEK 554.4m | SEK 47.5m | SEK 61.8m | SEK 49.4m | SEK 67.2m | SEK 83.8m | SEK 101.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.9% | 22.0% | 29.5% |
| Operating income | -7.6% | -0.9% | 3.2% |
| Net income | -9.0% | -2.1% | 2.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -519.2% | -711.8% | -804.2% | -1053.4% |
| Net margin | -506.4% | -705.8% | -802.2% | -1055.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.1 | -0.6 | -1.4 | -4.7 | -9.3 | -5.2 | -0.8 | -0.7 | -1.5 | -2.0 |
| Price to sales | 4.6 | 3.7 | 13.4 | 54.4 | 99.2 | 66.7 | 11.1 | 10.4 | 36.5 | 51.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 6-to-1 reverse split · 20 Jul 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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