F 
13.00
+1.56%
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 8.8m
FY2016FY2025
Net income
−SEK 756.9m
FY2016FY2025
Free cash flow
−SEK 56.2m
FY2016FY2025
Shareholders' equity
SEK 3.38bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 8.8m | SEK 100,000 | SEK 97.5m | — | — | SEK 35,000 | SEK 88,000 | SEK 128,000 | SEK 113,000 | SEK 176,000 |
| Gross profit | −SEK 12.7m | −SEK 41.6m | SEK 93.3m | −SEK 1.1m | −SEK 1.3m | −SEK 57.7m | −SEK 87.7m | −SEK 82.6m | −SEK 73.3m | −SEK 39.8m |
| Operating income | −SEK 782.1m | −SEK 110.8m | −SEK 107.4m | −SEK 151.1m | −SEK 115.6m | −SEK 57.7m | −SEK 87.7m | −SEK 82.6m | −SEK 73.3m | −SEK 39.8m |
| Net income | −SEK 756.9m | −SEK 228.0m | −SEK 95.3m | −SEK 100.3m | −SEK 103.0m | −SEK 57.4m | −SEK 87.8m | −SEK 82.1m | −SEK 72.8m | −SEK 41.3m |
| Diluted earnings per share | -9.77 | -2.92 | -1.79 | -1.88 | -1.93 | -2.43 | -4.46 | -4.84 | -4.36 | -2.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 3.40bn | SEK 4.22bn | SEK 299.4m | SEK 351.3m | SEK 445.2m | SEK 61.2m | SEK 129.1m | SEK 86.4m | SEK 126.9m | SEK 194.5m |
| Cash and short-term investments | SEK 540.2m | SEK 865.1m | SEK 294.3m | SEK 344.9m | SEK 428.4m | SEK 53.8m | SEK 126.8m | SEK 83.0m | SEK 125.1m | SEK 193.2m |
| Total liabilities | SEK 20.3m | SEK 25.3m | SEK 60.5m | SEK 17.4m | SEK 11.2m | SEK 11.9m | SEK 22.6m | SEK 21.9m | SEK 22.1m | SEK 17.0m |
| Debt | SEK 500,000 | SEK 800,000 | SEK 2.3m | SEK 3.3m | SEK 1.3m | SEK 2.3m | SEK 484,000 | — | SEK 2.4m | — |
| Shareholders' equity | SEK 3.38bn | SEK 4.20bn | SEK 238.9m | SEK 334.0m | SEK 434.0m | SEK 49.3m | SEK 106.5m | SEK 64.5m | SEK 104.7m | SEK 177.5m |
| Shares outstanding | 77m | 78m | 53m | 53m | 53m | 24m | 20m | 17m | 17m | 17m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 28.1m | −SEK 17.0m | −SEK 38.0m | −SEK 129.4m | −SEK 124.1m | −SEK 70.7m | −SEK 85.1m | −SEK 78.6m | −SEK 68.2m | −SEK 31.9m |
| Capital spending | −SEK 28.1m | — | — | — | — | −SEK 909,000 | — | — | — | −SEK 53,000 |
| Free cash flow | −SEK 56.2m | −SEK 17.0m | −SEK 38.0m | −SEK 129.4m | −SEK 124.1m | −SEK 71.6m | −SEK 85.1m | −SEK 78.6m | −SEK 68.2m | −SEK 31.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | −SEK 800,000 | −SEK 7.7m | SEK 2.5m | −SEK 15.0m | −SEK 4.0m | SEK 26.0m | SEK 1.4m | — |
| Gross profit | −SEK 6.0m | −SEK 13.4m | −SEK 5.0m | −SEK 17.9m | −SEK 10.4m | SEK 21.4m | −SEK 300,000 | −SEK 200,000 |
| Operating income | −SEK 93.8m | −SEK 60.5m | −SEK 626.2m | −SEK 141.7m | SEK 167.0m | −SEK 181.2m | −SEK 82.5m | −SEK 7.0m |
| Net income | −SEK 92.4m | −SEK 61.5m | −SEK 541.0m | −SEK 138.5m | SEK 173.5m | −SEK 251.0m | −SEK 64.0m | −SEK 117.1m |
| Diluted earnings per share | -1.02 | -0.68 | -6.98 | -1.79 | 2.24 | -3.24 | -0.82 | -1.50 |
| Cash from operations | −SEK 9.0m | −SEK 19.0m | −SEK 3.0m | −SEK 6.0m | — | −SEK 18.0m | SEK 7.0m | −SEK 5.0m |
| Capital spending | — | — | −SEK 3.0m | — | — | — | — | — |
| Free cash flow | — | — | −SEK 6.0m | — | — | — | — | — |
| Total assets | SEK 3.41bn | SEK 3.68bn | SEK 3.40bn | SEK 3.93bn | SEK 4.13bn | SEK 3.96bn | SEK 4.22bn | SEK 4.29bn |
| Cash and short-term investments | SEK 305.7m | SEK 585.1m | SEK 540.2m | SEK 510.7m | SEK 737.3m | SEK 802.1m | SEK 865.1m | SEK 911.3m |
| Debt | SEK 500,000 | SEK 500,000 | SEK 1.0m | SEK 400,000 | SEK 500,000 | SEK 1.0m | SEK 800,000 | SEK 800,000 |
| Shareholders' equity | SEK 3.39bn | SEK 3.67bn | SEK 3.38bn | SEK 3.92bn | SEK 4.12bn | SEK 3.95bn | SEK 4.20bn | SEK 4.26bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | -144.3% | -41600.0% | 95.7% | — | — | -164940.0% | -99672.7% | -64539.1% | — |
| Operating margin | -8456.8% | -226500.0% | -97.5% | — | — | -163722.9% | -99672.7% | -64060.9% | — |
| Net margin | -8601.1% | -228000.0% | -97.7% | — | — | -164051.4% | -99742.0% | -64178.1% | — |
| Return on equity | -22.4% | -5.4% | -39.9% | -30.0% | -23.7% | -116.4% | — | — | — |
| Return on assets | -22.3% | -5.4% | -31.8% | -28.6% | -23.1% | -93.8% | — | — | — |
| Free cash flow yield | 0.0% | — | — | — | — | — | — | — | — |
| Revenue growth | 8700.0% | -99.9% | — | — | — | -60.2% | -31.3% | 13.3% | -35.8% |
| Earnings growth | 232.0% | 139.3% | -5.1% | -2.6% | 79.5% | -34.6% | — | — | — |
| Current ratio | 52.31x | 55.39x | 5.04x | 23.57x | 41.93x | 5.62x | — | — | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.02x | — | — | — |
| Equity ratio | 99.4% | 99.4% | 79.8% | 95.1% | 97.5% | 80.6% | — | — | — |
| Interest coverage | -54.32x | -59.61x | -418.67x | -835.11x | -773.76x | -507.11x | — | — | — |
| Buybacks as a share of market value | 0.8% | -46.6% | 0.0% | 0.0% | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | 202.1% | 37.1% |
| Operating income | 73.0% | 68.4% | 38.8% |
| Net income | 96.1% | 67.5% | 38.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -610.1% | — | — | — |
| Operating margin | -10032.6% | — | — | — |
| Net margin | -11066.3% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.4 | -14.1 | -12.5 | -13.8 | -27.7 | -22.0 | -15.1 | -15.1 | -12.1 | -28.7 |
| Price to sales | 288.4 | — | 12.2 | — | — | — | — | — | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 12 Jul 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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