G 
1.26
0.00%
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 175.0m
FY2016FY2025
Net income
−SEK 35.1m
FY2016FY2025
Free cash flow
−SEK 18.9m
FY2016FY2025
Shareholders' equity
−SEK 29.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 175.0m | SEK 172.6m | SEK 278.7m | SEK 288.3m | SEK 262.4m | SEK 160.5m | SEK 17.0m | SEK 3.5m | SEK 6.4m | SEK 4.1m |
| Research and development | — | SEK 5.4m | SEK 5.5m | SEK 12.7m | SEK 19.1m | SEK 7.7m | SEK 2.8m | SEK 2.5m | SEK 209,000 | — |
| Operating income | −SEK 30.3m | −SEK 49.9m | −SEK 216.3m | −SEK 116.8m | −SEK 140.9m | −SEK 81.6m | −SEK 45.7m | −SEK 25.1m | −SEK 13.7m | −SEK 5.2m |
| Net income | −SEK 35.1m | −SEK 52.5m | −SEK 109.1m | −SEK 126.4m | −SEK 149.8m | −SEK 82.9m | −SEK 50.3m | −SEK 25.0m | −SEK 10.9m | −SEK 4.1m |
| Diluted earnings per share | -0.94 | -1.59 | -18.90 | -692.65 | -827.84 | -1,072.43 | -1,327.21 | -937.59 | -0.43 | -0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 50.4m | SEK 43.6m | SEK 102.1m | SEK 274.4m | SEK 343.3m | SEK 306.2m | SEK 105.8m | SEK 92.7m | SEK 39.4m | SEK 13.4m |
| Cash and short-term investments | SEK 10.1m | SEK 17.5m | SEK 3.0m | SEK 353,770 | SEK 37.8m | SEK 25.2m | SEK 37.1m | SEK 20.2m | SEK 20.5m | SEK 4.5m |
| Total liabilities | SEK 80.3m | SEK 62.6m | SEK 85.6m | SEK 286.5m | SEK 222.0m | SEK 128.2m | SEK 10.5m | SEK 8.6m | SEK 7.2m | SEK 6.1m |
| Debt | SEK 6.8m | SEK 14.8m | SEK 16.2m | SEK 65.6m | SEK 19.4m | SEK 5.8m | SEK 1.2m | SEK 996,562 | SEK 2.5m | SEK 3.0m |
| Shareholders' equity | −SEK 29.9m | −SEK 19.0m | SEK 16.5m | −SEK 12.1m | SEK 115.2m | SEK 173.3m | SEK 95.3m | SEK 84.1m | SEK 32.3m | SEK 7.4m |
| Shares outstanding | 37m | 33m | 6m | 0m | 0m | 0m | 0m | 0m | 25m | 37m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 15.3m | −SEK 41.4m | −SEK 58.7m | −SEK 34.5m | −SEK 634,489 | −SEK 39.3m | −SEK 26.4m | −SEK 26.5m | −SEK 12.5m | −SEK 3.7m |
| Capital spending | −SEK 3.6m | −SEK 94,000 | −SEK 10.7m | −SEK 50.2m | −SEK 2.0m | −SEK 1.8m | −SEK 862,172 | −SEK 171,400 | −SEK 6.8m | −SEK 276,667 |
| Free cash flow | −SEK 18.9m | −SEK 41.5m | −SEK 69.4m | −SEK 84.7m | −SEK 2.7m | −SEK 41.2m | −SEK 27.3m | −SEK 26.6m | −SEK 19.2m | −SEK 4.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 65.6m | SEK 56.9m | SEK 43.1m | SEK 43.3m | SEK 43.1m | SEK 45.4m | SEK 70.8m | SEK 44.0m |
| Operating income | SEK 5.8m | SEK 2.2m | −SEK 7.9m | −SEK 6.1m | −SEK 12.8m | −SEK 3.5m | SEK 7.8m | −SEK 6.8m |
| Net income | SEK 4.9m | SEK 2.3m | −SEK 8.4m | −SEK 8.2m | −SEK 13.1m | −SEK 5.4m | SEK 7.0m | −SEK 10.7m |
| Diluted earnings per share | 0.13 | 0.06 | -0.22 | -0.22 | -0.35 | -0.15 | 0.21 | -0.32 |
| Cash from operations | −SEK 7.0m | SEK 4.0m | — | −SEK 2.0m | −SEK 10.0m | −SEK 2.0m | SEK 11.0m | — |
| Capital spending | — | — | −SEK 1.0m | — | — | −SEK 2.0m | — | — |
| Free cash flow | — | — | — | — | — | −SEK 4.0m | — | — |
| Total assets | SEK 45.3m | SEK 36.9m | SEK 50.4m | SEK 50.3m | SEK 38.0m | SEK 44.9m | SEK 43.6m | SEK 38.0m |
| Cash and short-term investments | SEK 10.2m | SEK 11.8m | SEK 10.1m | SEK 6.0m | SEK 3.1m | SEK 11.2m | SEK 17.5m | SEK 6.4m |
| Debt | SEK 14.9m | SEK 8.2m | SEK 6.8m | SEK 15.3m | SEK 6.8m | SEK 5.2m | SEK 14.8m | SEK 18.2m |
| Shareholders' equity | −SEK 23.6m | −SEK 27.9m | −SEK 29.9m | −SEK 30.0m | −SEK 22.3m | −SEK 9.0m | −SEK 19.0m | −SEK 26.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.3% | 1.7% | — |
| Operating income | -36.2% | -18.0% | — |
| Net income | -34.8% | -15.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -1.8 | -0.9 | -0.1 | -0.0 | -0.0 | -0.0 | -0.0 |
| Price to sales | 0.4 | 0.3 | 0.1 | — | 0.0 | 0.0 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 29 Feb 2024
- 200-to-1 reverse split · 8 May 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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