F 
0.32
+3.23%
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.
Net income
−SEK 549.1m
FY2016FY2025
Free cash flow
−SEK 26.5m
FY2016FY2025
Shareholders' equity
−SEK 256.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | — | — | SEK 1 | SEK 0 | SEK 1 | SEK 0 | SEK 3 | SEK 0 | SEK 1 | SEK 2 |
| Operating income | −SEK 8.2m | −SEK 149.4m | −SEK 750.0m | SEK 4.3m | SEK 709.9m | SEK 331.6m | SEK 584.3m | SEK 352.7m | SEK 61.3m | SEK 69.3m |
| Net income | −SEK 549.1m | −SEK 470.8m | −SEK 925.2m | −SEK 254.5m | SEK 469.0m | SEK 243.3m | SEK 482.1m | SEK 317.9m | SEK 51.4m | SEK 91.3m |
| Diluted earnings per share | -7.07 | -6.06 | -11.91 | -3.27 | 6.03 | 3.35 | 6.88 | 4.53 | 0.73 | 1.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 2.35bn | SEK 2.75bn | SEK 3.29bn | SEK 4.50bn | SEK 7.40bn | SEK 3.40bn | SEK 3.16bn | SEK 1.45bn | SEK 867.3m | SEK 802.0m |
| Cash and short-term investments | SEK 63.9m | SEK 49.1m | SEK 68.4m | SEK 184.5m | SEK 492.5m | SEK 925.4m | SEK 245.3m | SEK 96.5m | SEK 34.6m | SEK 154.3m |
| Total liabilities | SEK 2.62bn | SEK 2.47bn | SEK 2.49bn | SEK 2.77bn | SEK 4.92bn | SEK 1.78bn | SEK 1.78bn | SEK 543.2m | SEK 285.8m | SEK 272.7m |
| Debt | SEK 2.47bn | SEK 2.27bn | SEK 2.29bn | SEK 2.51bn | SEK 3.69bn | SEK 1.47bn | SEK 1.27bn | SEK 459.3m | SEK 248.8m | SEK 241.4m |
| Shareholders' equity | −SEK 256.3m | SEK 308.4m | SEK 784.0m | SEK 1.71bn | SEK 2.10bn | SEK 1.62bn | SEK 1.38bn | SEK 900.5m | SEK 580.5m | SEK 529.3m |
| Shares outstanding | 78m | 78m | 78m | 78m | 78m | 73m | 70m | 70m | 70m | 70m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 25.7m | −SEK 18.6m | −SEK 153.5m | −SEK 166.2m | SEK 305.9m | −SEK 22.1m | SEK 31.3m | −SEK 2.5m | −SEK 16.5m | −SEK 35.8m |
| Capital spending | −SEK 810,000 | −SEK 4.8m | −SEK 5.5m | −SEK 1.4m | −SEK 820.1m | −SEK 6.0m | −SEK 8.8m | −SEK 2.0m | −SEK 1.6m | −SEK 908,000 |
| Free cash flow | −SEK 26.5m | −SEK 23.4m | −SEK 158.9m | −SEK 167.5m | −SEK 514.2m | −SEK 28.0m | SEK 22.5m | −SEK 4.5m | −SEK 18.1m | −SEK 36.7m |
| Dividends paid | — | −SEK 4.5m | −SEK 3.0m | −SEK 77.7m | −SEK 50.1m | −SEK 46.0m | −SEK 46.0m | −SEK 46.0m | −SEK 46.0m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −SEK 12.2m | −SEK 5.6m | −SEK 9.0m | −SEK 9.1m | SEK 29.1m | −SEK 5.1m | −SEK 15.1m | SEK 4.4m |
| Net income | −SEK 39.3m | SEK 1.51bn | −SEK 355.7m | −SEK 78.3m | −SEK 38.7m | −SEK 76.3m | −SEK 89.3m | −SEK 44.5m |
| Diluted earnings per share | -0.11 | 4.39 | -4.58 | -1.01 | -0.50 | -0.98 | -1.15 | -0.57 |
| Cash from operations | −SEK 38.0m | −SEK 12.0m | −SEK 15.0m | SEK 6.0m | −SEK 1.0m | −SEK 16.0m | SEK 9.0m | −SEK 2.0m |
| Total assets | SEK 1.95bn | SEK 2.27bn | SEK 2.35bn | SEK 2.72bn | SEK 2.73bn | SEK 2.72bn | SEK 2.75bn | SEK 2.78bn |
| Cash and short-term investments | SEK 70.1m | SEK 33.1m | SEK 63.9m | SEK 33.3m | SEK 33.1m | SEK 32.6m | SEK 49.1m | SEK 57.6m |
| Debt | SEK 515.2m | SEK 751.3m | SEK 2.46bn | SEK 2.37bn | SEK 2.33bn | SEK 2.29bn | SEK 2.25bn | SEK 2.18bn |
| Shareholders' equity | SEK 1.37bn | SEK 1.41bn | −SEK 256.3m | SEK 115.0m | SEK 193.4m | SEK 232.1m | SEK 308.4m | SEK 402.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -27.7% | -1.0% | 51.7% |
| Net income | 29.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -28.2% | -54.7% | 6.1% | 47.8% |
| Net margin | -182.7% | -133.2% | -66.0% | -17.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.1 | -0.1 | -0.8 | 0.8 | 1.3 | 0.5 | 0.4 | 1.4 | 0.9 |
| Price to sales | 0.2 | 0.2 | 0.1 | 0.3 | 1.1 | 1.3 | 1.1 | 1.1 | 1.6 | 11.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 May 2022.
| FY2022 | FY2021 | FY2020 | |
|---|---|---|---|
| Paid in the year | 0.01 | 0.007 | 0.006 |
- 5-for-1 split · 18 Jan 2021
- 1-to-1 reverse split · 31 May 2017
- 8-to-1 reverse split · 30 Sept 2015
- 20-to-1 reverse split · 28 Oct 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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