G 
21.00
-0.47%
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 128.9m
FY2016FY2025
Net income
SEK 23.5m
FY2016FY2025
Free cash flow
SEK 30.4m
FY2016FY2025
Shareholders' equity
SEK 271.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 128.9m | SEK 130.4m | SEK 158.2m | SEK 102.4m | SEK 93.0m | SEK 61.0m | SEK 60.5m | SEK 34.6m | SEK 22.9m | SEK 18.5m |
| Operating income | SEK 27.5m | SEK 45.7m | SEK 54.2m | SEK 8.6m | SEK 24.5m | SEK 6.9m | SEK 13.5m | −SEK 960,640 | −SEK 7.8m | −SEK 14.8m |
| Net income | SEK 23.5m | SEK 32.9m | SEK 61.5m | SEK 11.2m | SEK 24.8m | SEK 6.4m | SEK 9.6m | −SEK 1.7m | −SEK 7.9m | −SEK 15.0m |
| Diluted earnings per share | 0.36 | 0.50 | 0.94 | 0.17 | 0.38 | 0.10 | 0.15 | -0.03 | -0.13 | -0.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 377.9m | SEK 327.4m | SEK 288.9m | SEK 150.5m | SEK 141.7m | SEK 106.6m | SEK 49.0m | SEK 37.8m | SEK 26.3m | SEK 21.9m |
| Cash and short-term investments | SEK 163.2m | SEK 169.4m | SEK 123.3m | SEK 72.8m | SEK 81.3m | SEK 44.1m | SEK 15.0m | SEK 9.6m | SEK 4.9m | SEK 4.3m |
| Total liabilities | SEK 106.4m | SEK 99.4m | SEK 98.0m | SEK 24.9m | SEK 27.8m | SEK 19.5m | SEK 13.4m | SEK 11.8m | SEK 8.1m | SEK 6.3m |
| Debt | SEK 73.1m | SEK 76.6m | SEK 79.3m | SEK 7.3m | SEK 2.8m | SEK 6.7m | SEK 4.7m | SEK 2.2m | SEK 351,500 | SEK 134,800 |
| Shareholders' equity | SEK 271.5m | SEK 228.0m | SEK 190.8m | SEK 125.7m | SEK 114.0m | SEK 87.2m | SEK 35.6m | SEK 26.1m | SEK 18.2m | SEK 15.5m |
| Shares outstanding | 66m | 65m | 65m | 65m | 65m | 65m | 63m | 63m | 60m | 55m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 32.0m | SEK 37.1m | SEK 67.8m | −SEK 927,947 | SEK 45.9m | SEK 3.8m | SEK 13.1m | −SEK 1.2m | −SEK 8.4m | −SEK 16.1m |
| Capital spending | −SEK 1.6m | −SEK 1.1m | −SEK 12.8m | −SEK 3.8m | −SEK 4.5m | −SEK 20.4m | −SEK 5.2m | −SEK 1.8m | −SEK 1.8m | −SEK 1.4m |
| Free cash flow | SEK 30.4m | SEK 36.0m | SEK 54.9m | −SEK 4.8m | SEK 41.4m | −SEK 16.7m | SEK 8.0m | −SEK 3.1m | −SEK 10.1m | −SEK 17.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 34.3m | SEK 33.5m | SEK 40.3m | SEK 27.5m | SEK 28.9m | SEK 32.3m | SEK 27.9m | SEK 32.9m |
| Operating income | SEK 2.8m | SEK 5.8m | SEK 8.1m | SEK 3.7m | SEK 3.6m | SEK 6.4m | SEK 5.3m | SEK 22.1m |
| Net income | SEK 1.3m | SEK 4.3m | SEK 6.9m | SEK 8.0m | SEK 5.1m | SEK 3.5m | SEK 4.6m | SEK 13.8m |
| Diluted earnings per share | 0.02 | 0.06 | 0.10 | 0.12 | 0.08 | 0.05 | 0.07 | 0.21 |
| Cash from operations | SEK 7.0m | SEK 16.0m | SEK 15.0m | SEK 10.0m | −SEK 5.0m | SEK 10.0m | SEK 18.0m | — |
| Capital spending | −SEK 7.0m | — | −SEK 15.0m | −SEK 10.0m | −SEK 5.0m | −SEK 10.0m | −SEK 18.0m | — |
| Free cash flow | SEK 0 | — | SEK 0 | SEK 0 | −SEK 10.0m | SEK 0 | SEK 0 | — |
| Total assets | SEK 427.8m | SEK 381.9m | SEK 377.9m | SEK 366.0m | SEK 334.1m | SEK 330.0m | SEK 327.4m | SEK 319.3m |
| Cash and short-term investments | SEK 157.2m | SEK 170.9m | SEK 163.2m | SEK 154.9m | SEK 169.0m | SEK 175.4m | SEK 169.4m | SEK 155.5m |
| Debt | SEK 8.3m | SEK 7.9m | SEK 6.3m | SEK 73.1m | SEK 74.5m | SEK 75.6m | SEK 82.0m | SEK 76.3m |
| Shareholders' equity | SEK 308.0m | SEK 277.4m | SEK 271.5m | SEK 263.5m | SEK 238.8m | SEK 232.6m | SEK 228.0m | SEK 222.2m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 21.3% | 35.1% | 36.1% | 8.1% | 24.8% | 5.1% |
| Net margin | 18.2% | 25.3% | 38.9% | 10.9% | 26.6% | 10.6% |
| Return on equity | 8.7% | 14.4% | 32.2% | 8.9% | 21.7% | 7.4% |
| Return on assets | 6.2% | 10.1% | 21.3% | 7.4% | 17.5% | 6.0% |
| Free cash flow yield | 2.4% | 2.8% | 5.8% | 0.2% | 3.6% | 1.7% |
| Revenue growth | -1.1% | -17.6% | 54.5% | 10.1% | 52.4% | 0.8% |
| Earnings growth | -28.6% | -46.5% | 449.5% | -54.8% | 284.4% | -32.5% |
| Current ratio | 7.36x | 7.38x | 7.49x | 5.94x | 4.49x | 5.24x |
| Debt to equity | 0.02x | 0.02x | 0.02x | 0.02x | 0.01x | 0.08x |
| Equity ratio | 71.8% | 69.6% | 66.1% | 83.5% | 80.4% | 81.7% |
| Interest coverage | 7.29x | 11.56x | 25.23x | 24.49x | 7.03x | 3.17x |
| Buybacks as a share of market value | -0.9% | 0.0% | 0.0% | 0.0% | 0.0% | -3.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.0% | 16.1% | 25.5% |
| Operating income | 47.6% | 31.9% | — |
| Net income | 28.1% | 29.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 28.2% | 26.2% | 24.8% | 16.7% |
| Net margin | 21.8% | 24.8% | 23.8% | 15.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 59.7 | 49.1 | 55.4 | 268.8 | 192.9 | 319.9 | 165.2 | -255.3 | -24.6 | -9.4 |
| Price to sales | 10.9 | 12.4 | 21.5 | 29.4 | 51.4 | 33.8 | 26.1 | 12.6 | 8.5 | 7.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 4 Apr 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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