G 
0.65
+2.85%
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 48.7m
FY2016FY2025
Net income
−SEK 40.6m
FY2016FY2025
Free cash flow
−SEK 19.2m
FY2016FY2025
Shareholders' equity
−SEK 8.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 48.7m | SEK 35.4m | SEK 31.1m | SEK 12.4m | SEK 2.4m | SEK 226,108 | SEK 9.1m | SEK 21.3m | SEK 11.3m | SEK 415,754 |
| Research and development | — | — | — | — | — | — | — | — | SEK 7.7m | SEK 750,000 |
| Operating income | −SEK 39.3m | −SEK 25.1m | −SEK 22.5m | −SEK 24.9m | −SEK 22.5m | −SEK 17.5m | −SEK 9.6m | −SEK 38.2m | −SEK 41.2m | −SEK 33.4m |
| Net income | −SEK 40.6m | −SEK 23.7m | −SEK 24.1m | −SEK 24.4m | −SEK 22.5m | −SEK 17.1m | −SEK 5.2m | −SEK 42.6m | −SEK 43.1m | −SEK 33.5m |
| Diluted earnings per share | -0.28 | -0.29 | -0.41 | -0.45 | -0.52 | -0.48 | -0.17 | -1.78 | -5.83 | -11.57 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 30.2m | SEK 30.5m | SEK 17.6m | SEK 22.0m | SEK 14.9m | SEK 31.7m | SEK 11.5m | SEK 7.5m | SEK 30.0m | SEK 27.7m |
| Cash and short-term investments | SEK 7.3m | SEK 11.8m | SEK 1.5m | SEK 9.6m | SEK 288,632 | SEK 22.3m | SEK 146,367 | SEK 2.4m | SEK 1.5m | SEK 8.0m |
| Total liabilities | SEK 38.4m | SEK 18.3m | SEK 15.9m | SEK 8.5m | SEK 10.0m | SEK 3.9m | SEK 14.4m | SEK 4.2m | SEK 22.8m | SEK 8.5m |
| Debt | SEK 3.1m | SEK 4.8m | SEK 10.0m | SEK 4.0m | SEK 6.5m | SEK 1.0m | SEK 10.2m | SEK 62,500 | SEK 812,270 | SEK 1.6m |
| Shareholders' equity | −SEK 8.2m | SEK 12.2m | SEK 1.7m | SEK 13.4m | SEK 5.0m | SEK 27.7m | −SEK 2.9m | SEK 3.3m | SEK 7.2m | SEK 19.2m |
| Shares outstanding | 145m | 80m | 59m | 54m | 44m | 35m | 30m | 24m | 7m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 19.0m | −SEK 21.8m | −SEK 22.6m | −SEK 23.8m | −SEK 22.0m | −SEK 14.0m | −SEK 10.9m | −SEK 31.1m | −SEK 52.4m | −SEK 28.2m |
| Capital spending | −SEK 165,815 | −SEK 4.5m | −SEK 1 | −SEK 167,707 | −SEK 6.8m | −SEK 1.3m | −SEK 733,534 | −SEK 733,534 | −SEK 733,534 | −SEK 3.9m |
| Free cash flow | −SEK 19.2m | −SEK 26.3m | −SEK 22.6m | −SEK 24.0m | −SEK 28.8m | −SEK 15.3m | −SEK 11.6m | −SEK 31.9m | −SEK 53.1m | −SEK 32.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 21.1m | SEK 15.1m | SEK 15.1m | SEK 12.7m | SEK 10.2m | SEK 10.7m | SEK 10.4m | SEK 9.8m |
| Operating income | −SEK 6.8m | −SEK 11.7m | −SEK 8.6m | −SEK 8.7m | −SEK 9.5m | −SEK 5.0m | −SEK 9.8m | −SEK 3.0m |
| Net income | −SEK 7.2m | −SEK 11.1m | −SEK 12.6m | −SEK 9.1m | −SEK 7.9m | −SEK 10.9m | −SEK 8.6m | −SEK 3.8m |
| Diluted earnings per share | -0.05 | -0.08 | -0.09 | -0.06 | -0.05 | -0.08 | -0.11 | -0.05 |
| Cash from operations | SEK 2.0m | −SEK 12.0m | SEK 1.0m | −SEK 2.0m | −SEK 8.0m | −SEK 9.0m | −SEK 6.0m | −SEK 4.0m |
| Capital spending | — | — | −SEK 1.0m | −SEK 1.0m | −SEK 2.0m | −SEK 2.0m | — | — |
| Free cash flow | — | — | SEK 0 | −SEK 3.0m | −SEK 10.0m | −SEK 11.0m | — | — |
| Total assets | SEK 36.7m | SEK 27.6m | SEK 30.2m | SEK 28.0m | SEK 33.4m | SEK 40.6m | SEK 30.5m | SEK 11.8m |
| Cash and short-term investments | SEK 1.5m | SEK 2.0m | SEK 7.3m | SEK 2.5m | SEK 6.9m | SEK 17.8m | SEK 11.8m | SEK 458,380 |
| Debt | SEK 2.6m | SEK 2.8m | SEK 3.1m | SEK 3.3m | SEK 3.8m | SEK 4.1m | SEK 4.4m | SEK 4.7m |
| Shareholders' equity | −SEK 24.0m | −SEK 15.3m | −SEK 8.2m | SEK 8.1m | SEK 16.4m | SEK 25.2m | SEK 12.2m | −SEK 11.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 57.7% | 192.8% | 57.5% |
| Operating income | 16.5% | 17.6% | 4.5% |
| Net income | 18.4% | 18.9% | 4.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -76.6% | -87.6% | -116.5% | -173.3% |
| Net margin | -76.5% | -88.4% | -117.0% | -174.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.9 | -2.0 | -3.4 | -4.8 | -5.3 | -7.5 | -25.3 | -0.4 | -0.9 | -0.7 |
| Price to sales | 3.3 | 1.3 | 2.7 | 9.6 | 50.2 | — | 14.5 | 0.8 | 3.3 | 59.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 27 Jul 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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