F 
1.23
-0.81%
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 54.5m
FY2019FY2025
Net income
−SEK 91.2m
FY2019FY2025
Free cash flow
−SEK 39.2m
FY2019FY2025
Shareholders' equity
SEK 189.3m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | SEK 54.5m | SEK 20.0m | SEK 22.3m | SEK 37.3m | SEK 302,000 | SEK 6.4m | SEK 10.6m |
| Research and development | — | SEK 4.4m | SEK 3.4m | SEK 4.1m | SEK 3.8m | — | — |
| Operating income | −SEK 93.5m | −SEK 90.9m | −SEK 84.0m | −SEK 67.6m | −SEK 26.9m | −SEK 5.6m | SEK 496,057 |
| Net income | −SEK 91.2m | −SEK 90.0m | −SEK 82.9m | −SEK 67.6m | −SEK 24.0m | −SEK 4.4m | SEK 357,731 |
| Diluted earnings per share | -0.48 | -1.10 | -1.57 | -1.85 | -0.65 | -0.12 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | SEK 206.2m | SEK 223.3m | SEK 254.7m | SEK 268.6m | SEK 335.4m | SEK 33.7m | SEK 30.9m |
| Cash and short-term investments | SEK 32.1m | SEK 16.6m | SEK 34.1m | SEK 10.9m | SEK 56.9m | SEK 4.5m | SEK 11.2m |
| Total liabilities | SEK 16.9m | SEK 21.6m | SEK 15.2m | SEK 11.1m | SEK 10.3m | SEK 10.3m | SEK 3.4m |
| Debt | — | — | — | — | — | — | SEK 1.5m |
| Shareholders' equity | SEK 189.3m | SEK 201.7m | SEK 239.5m | SEK 257.6m | SEK 325.1m | SEK 23.5m | SEK 27.5m |
| Shares outstanding | 189m | 82m | 53m | 37m | 37m | 37m | 189m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 34.7m | −SEK 37.8m | −SEK 16.6m | −SEK 29.4m | −SEK 18.0m | −SEK 538,421 | SEK 259,992 |
| Capital spending | −SEK 4.5m | −SEK 7.6m | −SEK 25.1m | −SEK 16.6m | −SEK 11.2m | −SEK 5.4m | −SEK 5.4m |
| Free cash flow | −SEK 39.2m | −SEK 45.4m | −SEK 41.7m | −SEK 46.1m | −SEK 29.2m | −SEK 5.9m | −SEK 5.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 9.0m | SEK 6.3m | SEK 15.6m | SEK 17.0m | SEK 19.1m | SEK 2.9m | SEK 8.2m | SEK 8.7m |
| Operating income | −SEK 23.6m | −SEK 26.9m | −SEK 25.8m | −SEK 21.4m | −SEK 20.5m | −SEK 24.1m | −SEK 22.6m | −SEK 18.2m |
| Net income | −SEK 23.6m | −SEK 26.5m | −SEK 25.8m | −SEK 21.2m | −SEK 20.2m | −SEK 24.1m | −SEK 21.9m | −SEK 18.0m |
| Diluted earnings per share | -0.12 | -0.14 | -0.14 | -0.11 | -0.11 | -0.13 | -0.27 | -0.22 |
| Cash from operations | −SEK 14.0m | −SEK 6.0m | −SEK 6.0m | — | −SEK 14.0m | −SEK 13.0m | −SEK 8.0m | −SEK 10.0m |
| Capital spending | — | — | −SEK 2.0m | −SEK 8.0m | −SEK 6.0m | −SEK 4.0m | −SEK 5.0m | −SEK 10.0m |
| Free cash flow | — | — | −SEK 8.0m | — | −SEK 20.0m | −SEK 17.0m | −SEK 13.0m | −SEK 20.0m |
| Total assets | SEK 198.7m | SEK 183.4m | SEK 206.2m | SEK 236.0m | SEK 264.6m | SEK 283.0m | SEK 223.3m | SEK 242.7m |
| Cash and short-term investments | SEK 41.6m | SEK 27.4m | SEK 32.1m | SEK 45.1m | SEK 54.0m | SEK 71.8m | SEK 16.6m | SEK 25.8m |
| Shareholders' equity | SEK 173.5m | SEK 163.5m | SEK 189.3m | SEK 214.5m | SEK 235.5m | SEK 255.5m | SEK 201.7m | SEK 223.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.4% | 53.5% | — |
| Operating income | 11.4% | 75.7% | — |
| Net income | 10.5% | 83.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -247.3% | -250.4% | -261.6% | — |
| Net margin | -242.9% | -247.1% | -255.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -3.0 | -0.3 | -0.9 | -0.8 | -4.1 |
| Price to sales | 5.1 | 1.4 | 3.2 | 1.5 | 465.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.