G
4.40
-9.09%
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 31.6m
FY2016FY2025
Net income
−SEK 7.7m
FY2016FY2025
Free cash flow
−SEK 9.4m
FY2016FY2025
Shareholders' equity
SEK 19.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 31.6m | SEK 34.1m | SEK 31.4m | SEK 21.4m | SEK 15.7m | SEK 12.5m | SEK 10.2m | SEK 6.3m | SEK 5.0m | SEK 2.2m |
| Research and development | — | — | SEK 2.8m | SEK 2.4m | SEK 2.0m | SEK 2.7m | SEK 2.0m | SEK 1.7m | SEK 1.2m | — |
| Operating income | −SEK 8.0m | −SEK 2.2m | −SEK 576,000 | −SEK 4.2m | −SEK 5.4m | −SEK 4.4m | −SEK 5.6m | −SEK 6.6m | −SEK 5.4m | −SEK 3.8m |
| Net income | −SEK 7.7m | −SEK 2.7m | −SEK 1.2m | −SEK 4.6m | −SEK 5.4m | −SEK 4.4m | −SEK 7.2m | −SEK 6.3m | −SEK 5.1m | −SEK 3.8m |
| Diluted earnings per share | -0.82 | -0.29 | -0.14 | -0.53 | -0.63 | -0.58 | -1.15 | -1.01 | -1.09 | -1.39 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 50.6m | SEK 40.0m | SEK 43.5m | SEK 44.4m | SEK 37.4m | SEK 41.1m | SEK 39.8m | SEK 31.6m | SEK 19.3m | SEK 20.5m |
| Cash and short-term investments | SEK 6.7m | SEK 6.8m | SEK 10.6m | SEK 14.6m | SEK 14.3m | SEK 24.2m | SEK 17.7m | SEK 16.6m | SEK 8.4m | SEK 11.0m |
| Total liabilities | SEK 30.8m | SEK 13.3m | SEK 20.3m | SEK 20.0m | SEK 8.7m | SEK 7.1m | SEK 6.8m | SEK 4.8m | SEK 5.0m | SEK 3.7m |
| Debt | SEK 15.2m | SEK 2.3m | SEK 8.7m | SEK 8.4m | SEK 1.9m | SEK 2.4m | SEK 2.3m | −SEK 1.4m | SEK 1.0m | −SEK 1.9m |
| Shareholders' equity | SEK 19.9m | SEK 26.7m | SEK 23.2m | SEK 24.4m | SEK 28.6m | SEK 34.1m | SEK 29.4m | SEK 23.0m | SEK 13.8m | SEK 16.8m |
| Shares outstanding | 9m | 9m | 9m | 9m | 9m | 7m | 6m | 6m | 5m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 4.7m | SEK 4.4m | SEK 3.3m | −SEK 1.2m | −SEK 3.4m | −SEK 642,000 | −SEK 4.7m | −SEK 6.0m | −SEK 1.1m | −SEK 4.4m |
| Capital spending | −SEK 4.7m | −SEK 7.9m | −SEK 975,000 | −SEK 7.1m | −SEK 6.5m | −SEK 5.4m | −SEK 6.0m | −SEK 4.8m | −SEK 4.5m | −SEK 1.1m |
| Free cash flow | −SEK 9.4m | −SEK 3.5m | SEK 2.4m | −SEK 8.3m | −SEK 9.9m | −SEK 6.1m | −SEK 10.7m | −SEK 10.8m | −SEK 5.6m | −SEK 5.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 8.8m | SEK 8.8m | SEK 11.3m | SEK 9.5m | SEK 6.9m | SEK 4.0m | SEK 8.0m | SEK 7.8m |
| Operating income | −SEK 2.1m | −SEK 2.0m | SEK 945,000 | −SEK 349,000 | −SEK 3.4m | −SEK 4.1m | −SEK 1.1m | −SEK 1.3m |
| Net income | −SEK 2.1m | −SEK 1.6m | SEK 1.0m | −SEK 305,000 | −SEK 3.9m | −SEK 4.5m | −SEK 1.1m | −SEK 1.5m |
| Diluted earnings per share | -0.23 | -0.17 | 0.11 | -0.03 | -0.41 | -0.49 | -0.12 | -0.16 |
| Cash from operations | −SEK 1.0m | SEK 7.0m | −SEK 2.0m | — | −SEK 2.0m | — | — | — |
| Capital spending | −SEK 1.0m | −SEK 7.0m | −SEK 2.0m | — | −SEK 2.0m | — | — | — |
| Free cash flow | −SEK 2.0m | SEK 0 | −SEK 4.0m | — | −SEK 4.0m | — | — | — |
| Total assets | SEK 42.9m | SEK 47.4m | SEK 50.6m | SEK 46.7m | SEK 51.9m | SEK 51.9m | SEK 40.0m | SEK 41.1m |
| Cash and short-term investments | SEK 9.5m | SEK 12.8m | SEK 6.7m | SEK 10.5m | SEK 12.3m | SEK 17.9m | SEK 6.8m | SEK 8.4m |
| Debt | — | — | SEK 14.5m | — | — | — | SEK 720,000 | — |
| Shareholders' equity | SEK 16.1m | SEK 18.2m | SEK 19.9m | SEK 18.9m | SEK 19.2m | SEK 22.0m | SEK 26.7m | SEK 21.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.8% | 20.5% | 38.5% |
| Operating income | 23.7% | 12.8% | 9.0% |
| Net income | 19.2% | 12.1% | 8.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -15.5% | -12.6% | -16.8% | -28.8% |
| Net margin | -15.8% | -13.7% | -17.7% | -30.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.1 | -30.1 | -92.9 | -19.2 | -19.0 | -26.4 | -10.2 | -5.4 | -10.4 | -7.8 |
| Price to sales | 2.2 | 2.4 | 3.7 | 4.1 | 6.5 | 9.3 | 7.2 | 5.4 | 10.6 | 13.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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