F 
3.55
+10.94%
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 94.7m
FY2016FY2025
Net income
−SEK 22.9m
FY2016FY2025
Free cash flow
−SEK 51.6m
FY2016FY2025
Shareholders' equity
SEK 208.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 94.7m | SEK 125.9m | SEK 355.3m | SEK 205.1m | SEK 110.2m | SEK 76.8m | SEK 45.8m | SEK 15.8m | SEK 10.4m | SEK 2.3m |
| Research and development | — | — | SEK 14.0m | SEK 7.1m | SEK 4.4m | SEK 4.5m | SEK 1.3m | SEK 776,308 | — | — |
| Operating income | −SEK 47.0m | −SEK 238.1m | −SEK 102.8m | −SEK 54.1m | −SEK 40.7m | −SEK 32.6m | −SEK 24.1m | −SEK 11.6m | −SEK 7.5m | −SEK 11.3m |
| Net income | −SEK 22.9m | −SEK 243.7m | −SEK 107.0m | −SEK 54.4m | −SEK 41.5m | −SEK 33.6m | −SEK 24.8m | −SEK 11.7m | −SEK 7.6m | −SEK 11.4m |
| Diluted earnings per share | -0.26 | -4.57 | -4.70 | -2.65 | -3.22 | -2.99 | -2.87 | -1.37 | -0.07 | -0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 287.3m | SEK 297.1m | SEK 366.5m | SEK 237.0m | SEK 188.9m | SEK 144.8m | SEK 52.8m | SEK 20.1m | SEK 10.9m | SEK 7.2m |
| Cash and short-term investments | SEK 16.3m | SEK 36.5m | SEK 49.1m | SEK 55.0m | SEK 98.0m | SEK 95.2m | SEK 16.4m | SEK 1.4m | SEK 2.0m | SEK 4.1m |
| Total liabilities | SEK 78.6m | SEK 122.1m | SEK 114.9m | SEK 75.0m | SEK 36.8m | SEK 29.6m | SEK 17.4m | SEK 16.5m | SEK 10.3m | SEK 7.1m |
| Debt | SEK 16.1m | SEK 52.3m | SEK 5.1m | SEK 175,000 | SEK 2.4m | SEK 775,000 | SEK 1.1m | SEK 4.3m | SEK 1.8m | SEK 400,000 |
| Shareholders' equity | SEK 208.7m | SEK 175.0m | SEK 251.6m | SEK 161.9m | SEK 152.1m | SEK 115.1m | SEK 35.3m | SEK 3.7m | SEK 531,000 | SEK 69,000 |
| Shares outstanding | 87m | 53m | 23m | 21m | 13m | 11m | 9m | 9m | 108m | 108m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 51.5m | −SEK 139.5m | −SEK 234.6m | −SEK 61.7m | −SEK 42.1m | −SEK 25.8m | −SEK 29.7m | −SEK 14.9m | −SEK 7.8m | −SEK 7.6m |
| Capital spending | −SEK 143,000 | −SEK 39.4m | −SEK 64.7m | −SEK 43.3m | −SEK 27.2m | −SEK 11.4m | −SEK 8.3m | −SEK 3.3m | −SEK 3.2m | −SEK 77,000 |
| Free cash flow | −SEK 51.6m | −SEK 178.9m | −SEK 299.4m | −SEK 104.9m | −SEK 69.2m | −SEK 37.2m | −SEK 38.0m | −SEK 18.2m | −SEK 11.0m | −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 60.0m | SEK 36.1m | SEK 38.8m | SEK 16.6m | SEK 18.5m | SEK 20.7m | SEK 19.9m | SEK 24.6m |
| Operating income | −SEK 10.3m | −SEK 12.9m | −SEK 8.5m | −SEK 9.8m | SEK 5.3m | −SEK 11.5m | −SEK 20.0m | −SEK 172.3m |
| Net income | −SEK 10.2m | −SEK 9.8m | −SEK 3.8m | −SEK 10.3m | SEK 3.7m | −SEK 12.5m | −SEK 22.0m | −SEK 173.4m |
| Diluted earnings per share | -0.09 | -0.09 | -0.04 | -0.12 | 0.04 | -0.14 | -0.41 | -3.25 |
| Cash from operations | SEK 4.0m | −SEK 32.0m | — | — | −SEK 34.0m | −SEK 15.0m | −SEK 47.0m | −SEK 54.0m |
| Capital spending | — | — | — | — | −SEK 4.0m | −SEK 5.0m | −SEK 9.0m | −SEK 7.0m |
| Free cash flow | — | — | — | — | −SEK 38.0m | −SEK 20.0m | −SEK 56.0m | −SEK 61.0m |
| Total assets | SEK 304.3m | SEK 293.4m | SEK 287.3m | SEK 276.2m | SEK 282.7m | SEK 271.1m | SEK 297.1m | SEK 370.5m |
| Cash and short-term investments | SEK 2.6m | SEK 1.1m | SEK 16.3m | SEK 21.3m | SEK 29.5m | SEK 11.7m | SEK 36.5m | SEK 65.3m |
| Debt | SEK 39.8m | SEK 37.0m | SEK 16.1m | SEK 17.1m | SEK 21.2m | SEK 48.0m | SEK 52.3m | SEK 28.8m |
| Shareholders' equity | SEK 188.7m | SEK 198.7m | SEK 208.7m | SEK 212.8m | SEK 223.2m | SEK 162.4m | SEK 175.0m | SEK 168.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.7% | 4.3% | 71.6% |
| Operating income | -4.6% | 7.5% | 43.9% |
| Net income | -25.1% | -7.4% | 33.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -129.2% | -56.6% | -53.2% | -54.8% |
| Net margin | -120.8% | -54.8% | -52.0% | -53.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -7.3 | -0.5 | -1.0 | -6.8 | -9.4 | -10.2 | -7.0 |
| Price to sales | 1.8 | 0.9 | 0.3 | 1.8 | 3.5 | 4.5 | 3.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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