E 
0.91
-1.51%
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 3.7m
FY2016FY2025
Net income
−SEK 38.1m
FY2016FY2025
Free cash flow
−SEK 40.9m
FY2016FY2025
Shareholders' equity
SEK 35.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 3.7m | SEK 3.0m | SEK 7.0m | SEK 5.1m | SEK 12.2m | SEK 5.3m | SEK 13.8m | SEK 8.9m | SEK 9.8m | SEK 4.7m |
| Research and development | SEK 10.0m | SEK 26.7m | SEK 51.4m | SEK 71.3m | SEK 9.8m | SEK 216,000 | — | — | — | — |
| Operating income | −SEK 52.8m | −SEK 67.7m | −SEK 99.9m | −SEK 127.6m | −SEK 48.4m | −SEK 31.4m | −SEK 18.1m | −SEK 16.9m | −SEK 10.8m | −SEK 8.9m |
| Net income | −SEK 38.1m | −SEK 36.0m | −SEK 91.4m | −SEK 118.6m | −SEK 43.9m | −SEK 31.7m | −SEK 16.7m | −SEK 16.8m | −SEK 9.8m | −SEK 8.5m |
| Diluted earnings per share | -11.21 | -16.19 | -71.12 | -117.31 | -1.24 | -1.95 | -45.45 | -51.89 | -39.98 | -38.97 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 65.1m | SEK 104.5m | SEK 78.7m | SEK 137.4m | SEK 152.0m | SEK 118.9m | SEK 18.7m | SEK 21.0m | SEK 17.2m | SEK 24.6m |
| Cash and short-term investments | SEK 47.6m | SEK 81.5m | SEK 57.6m | SEK 111.0m | SEK 138.9m | SEK 106.8m | SEK 5.4m | SEK 6.3m | SEK 1.5m | SEK 6.3m |
| Total liabilities | SEK 29.4m | SEK 40.1m | SEK 13.3m | SEK 34.0m | SEK 11.6m | SEK 24.3m | SEK 19.8m | SEK 12.7m | SEK 10.5m | SEK 11.7m |
| Debt | SEK 2.2m | SEK 1.8m | SEK 1.7m | SEK 1.9m | SEK 5.4m | SEK 7.2m | SEK 7.9m | SEK 7.0m | SEK 6.4m | SEK 5.9m |
| Shareholders' equity | SEK 35.7m | SEK 64.8m | SEK 65.4m | SEK 103.3m | SEK 140.3m | SEK 94.5m | −SEK 1.1m | SEK 8.3m | SEK 6.7m | SEK 12.9m |
| Shares outstanding | 3m | 2m | 1m | 1m | 35m | 16m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 40.9m | −SEK 33.9m | −SEK 100.9m | −SEK 99.6m | −SEK 45.6m | −SEK 18.2m | −SEK 12.7m | −SEK 12.9m | −SEK 8.6m | −SEK 7.0m |
| Capital spending | — | −SEK 870,000 | −SEK 2.0m | −SEK 383,000 | −SEK 715,000 | −SEK 885,000 | −SEK 679,000 | −SEK 813,000 | −SEK 206,000 | −SEK 720,000 |
| Free cash flow | −SEK 40.9m | −SEK 34.8m | −SEK 102.9m | −SEK 100.0m | −SEK 46.4m | −SEK 19.1m | −SEK 13.4m | −SEK 13.7m | −SEK 8.8m | −SEK 7.7m |
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 1.0m | SEK 435,000 | SEK 353,000 | SEK 1.5m | SEK 1.3m | SEK 599,000 | SEK 459,000 |
| Operating income | −SEK 21.5m | −SEK 17.8m | −SEK 13.3m | −SEK 9.7m | −SEK 11.7m | −SEK 12.4m | −SEK 19.7m | −SEK 13.1m |
| Net income | −SEK 9.7m | −SEK 9.6m | −SEK 8.2m | −SEK 8.4m | −SEK 10.0m | −SEK 11.4m | −SEK 15.6m | −SEK 10.5m |
| Diluted earnings per share | -0.27 | -0.27 | -2.41 | -2.49 | -2.95 | -3.37 | -7.03 | -4.70 |
| Cash from operations | −SEK 12.0m | −SEK 25.0m | — | −SEK 10.0m | −SEK 10.0m | −SEK 20.0m | −SEK 5.0m | −SEK 16.0m |
| Capital spending | −SEK 12.0m | −SEK 25.0m | — | — | — | — | — | — |
| Free cash flow | −SEK 24.0m | −SEK 50.0m | — | — | — | — | — | — |
| Total assets | SEK 57.8m | SEK 50.4m | SEK 65.1m | SEK 61.8m | SEK 73.5m | SEK 80.6m | SEK 104.5m | SEK 104.5m |
| Cash and short-term investments | SEK 34.4m | SEK 21.8m | SEK 47.6m | SEK 36.9m | SEK 48.8m | SEK 58.0m | SEK 81.5m | SEK 76.4m |
| Debt | SEK 589,000 | SEK 517,000 | SEK 1.4m | SEK 1.5m | SEK 1.6m | SEK 340,000 | SEK 1.8m | SEK 358,000 |
| Shareholders' equity | SEK 41.8m | SEK 26.4m | SEK 35.7m | SEK 33.3m | SEK 42.6m | SEK 51.2m | SEK 64.4m | SEK 69.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.4% | -7.0% | — |
| Operating income | -25.5% | 11.0% | 18.7% |
| Net income | -31.5% | 3.7% | 16.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1806.8% | -1850.5% | -1178.5% | — |
| Net margin | -1111.3% | -1510.8% | -991.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.2 | -0.2 | -0.1 | -0.3 | -63.6 | -12.0 | -0.2 | -0.2 | -0.5 | -0.4 |
| Price to sales | 1.9 | 2.0 | 0.9 | 7.5 | 228.5 | 72.6 | 0.2 | 0.5 | 0.5 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 40-to-1 reverse split · 30 Oct 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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