F 
27.70
-1.07%
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 6.0m
FY2016FY2025
Net income
−SEK 8.3m
FY2016FY2025
Free cash flow
−SEK 9.9m
FY2016FY2025
Shareholders' equity
SEK 10.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 6.0m | SEK 1.9m | SEK 3.3m | SEK 3.3m | SEK 2.6m | SEK 4.6m | SEK 2.5m | SEK 1.2m | SEK 1.1m | SEK 2.6m |
| Operating income | −SEK 8.7m | −SEK 15.8m | −SEK 26.9m | −SEK 21.7m | −SEK 21.7m | −SEK 17.0m | −SEK 18.7m | −SEK 14.8m | −SEK 7.4m | −SEK 5.0m |
| Net income | −SEK 8.3m | −SEK 15.5m | −SEK 26.6m | −SEK 21.5m | −SEK 21.7m | −SEK 18.2m | −SEK 18.6m | −SEK 14.7m | −SEK 7.5m | −SEK 5.0m |
| Diluted earnings per share | -6.07 | -11.29 | -24.39 | -0.24 | -40.75 | -37.84 | -62.24 | -49.10 | -96.14 | -34.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 18.5m | SEK 25.5m | SEK 9.3m | SEK 31.8m | SEK 27.0m | SEK 24.8m | SEK 19.9m | SEK 26.0m | SEK 11.5m | SEK 2.8m |
| Cash and short-term investments | SEK 2.3m | SEK 15.9m | SEK 2.8m | SEK 24.5m | SEK 20.7m | SEK 18.8m | SEK 8.4m | SEK 22.2m | SEK 7.8m | SEK 1.1m |
| Total liabilities | SEK 7.6m | SEK 6.3m | SEK 8.9m | SEK 8.3m | SEK 7.9m | SEK 5.3m | SEK 9.7m | SEK 2.6m | SEK 2.0m | SEK 934,000 |
| Debt | — | — | — | SEK 1.0m | SEK 1.4m | SEK 176,000 | SEK 5.0m | −SEK 145,000 | SEK 73,000 | SEK 220,000 |
| Shareholders' equity | SEK 10.9m | SEK 19.2m | SEK 425,000 | SEK 23.4m | SEK 19.1m | SEK 19.5m | SEK 10.2m | SEK 23.4m | SEK 9.6m | SEK 1.8m |
| Shares outstanding | 1m | 1m | 1m | 91m | 1m | 0m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 4.9m | −SEK 15.7m | −SEK 27.2m | −SEK 21.0m | −SEK 18.6m | −SEK 17.6m | −SEK 17.1m | −SEK 12.5m | −SEK 7.8m | −SEK 5.5m |
| Capital spending | −SEK 4.9m | −SEK 3.5m | — | −SEK 1.1m | −SEK 772,000 | −SEK 331,000 | −SEK 812,000 | −SEK 1.6m | −SEK 500,000 | −SEK 83,000 |
| Free cash flow | −SEK 9.9m | −SEK 19.2m | −SEK 27.2m | −SEK 22.2m | −SEK 19.4m | −SEK 17.9m | −SEK 17.9m | −SEK 14.0m | −SEK 8.3m | −SEK 5.6m |
| Dividends paid | — | — | — | — | — | — | −SEK 5.0m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 8.7m | SEK 6.1m | SEK 3.8m | SEK 1.2m | SEK 704,000 | SEK 231,000 | SEK 515,000 | SEK 517,000 |
| Operating income | SEK 2.2m | SEK 3.3m | −SEK 142,000 | −SEK 2.8m | −SEK 2.8m | −SEK 2.6m | −SEK 2.8m | −SEK 1.0m |
| Net income | SEK 2.3m | SEK 3.3m | SEK 101,000 | −SEK 2.9m | −SEK 2.9m | −SEK 2.7m | −SEK 1.4m | −SEK 1.1m |
| Diluted earnings per share | 1.65 | 2.41 | 0.07 | -2.09 | -2.10 | -1.95 | -1.04 | -0.77 |
| Cash from operations | −SEK 2.0m | — | SEK 2.0m | −SEK 1.0m | −SEK 2.0m | −SEK 3.0m | SEK 1.0m | −SEK 4.0m |
| Capital spending | −SEK 1.0m | −SEK 1.0m | −SEK 2.0m | −SEK 2.0m | −SEK 2.0m | −SEK 2.0m | −SEK 1.0m | — |
| Free cash flow | −SEK 3.0m | — | SEK 0 | −SEK 3.0m | −SEK 4.0m | −SEK 5.0m | SEK 0 | — |
| Total assets | SEK 25.0m | SEK 20.8m | SEK 18.5m | SEK 16.4m | SEK 18.9m | SEK 21.8m | SEK 25.5m | SEK 26.3m |
| Cash and short-term investments | SEK 30,000 | SEK 1.3m | SEK 2.3m | SEK 990,000 | SEK 4.5m | SEK 9.7m | SEK 15.9m | SEK 17.6m |
| Debt | SEK 2.0m | — | — | — | — | — | — | — |
| Shareholders' equity | SEK 16.5m | SEK 14.2m | SEK 10.9m | SEK 10.8m | SEK 13.7m | SEK 16.6m | SEK 19.2m | SEK 20.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.7% | 5.3% | 15.5% |
| Operating income | -26.3% | -12.6% | 8.5% |
| Net income | -27.1% | -14.4% | 8.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -312.0% | -506.1% | -515.8% | -529.7% |
| Net margin | -303.3% | -497.5% | -515.3% | -528.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.6 | -1.3 | -0.7 | -104.8 | -2.5 | -2.8 | -0.7 | -0.7 |
| Price to sales | 2.3 | 10.6 | 5.5 | — | 21.1 | 10.8 | 5.4 | 8.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 350-to-1 reverse split · 26 Mar 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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