G 
5.70
-5.00%
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 5.7m
FY2016FY2025
Net income
−SEK 57.2m
FY2016FY2025
Free cash flow
−SEK 48.1m
FY2016FY2025
Shareholders' equity
SEK 79.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 5.7m | SEK 40.6m | SEK 28.3m | SEK 13.3m | SEK 16.7m | SEK 11.6m | SEK 15.1m | SEK 13.9m | SEK 8.1m | SEK 3.5m |
| Research and development | — | SEK 5.1m | SEK 5.3m | SEK 4.8m | SEK 3.6m | SEK 3.7m | SEK 3.9m | SEK 3.5m | SEK 2.7m | — |
| Operating income | −SEK 47.5m | −SEK 1.9m | −SEK 31.5m | −SEK 57.7m | −SEK 28.9m | −SEK 24.1m | −SEK 29.9m | −SEK 18.9m | −SEK 14.9m | −SEK 11.4m |
| Net income | −SEK 57.2m | −SEK 1.3m | −SEK 32.2m | −SEK 54.2m | −SEK 30.3m | −SEK 24.8m | −SEK 31.8m | −SEK 19.1m | −SEK 15.2m | −SEK 11.5m |
| Diluted earnings per share | -3.68 | -0.09 | -2.55 | -4.29 | -2.40 | -2.31 | -3.14 | -2.03 | -1.78 | -1.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 98.8m | SEK 93.8m | SEK 51.2m | SEK 84.4m | SEK 146.8m | SEK 49.8m | SEK 46.6m | SEK 26.7m | SEK 40.5m | SEK 25.2m |
| Cash and short-term investments | SEK 46.0m | SEK 36.6m | SEK 18.2m | SEK 50.3m | SEK 114.7m | SEK 17.6m | SEK 17.0m | SEK 3.3m | SEK 21.2m | SEK 11.3m |
| Total liabilities | SEK 19.0m | SEK 40.1m | SEK 16.5m | SEK 18.2m | SEK 23.5m | SEK 29.8m | SEK 21.3m | SEK 20.6m | SEK 15.4m | SEK 13.6m |
| Debt | SEK 172,000 | SEK 1.6m | SEK 1.7m | SEK 656,000 | SEK 2.2m | SEK 7.0m | SEK 5.7m | SEK 7.1m | SEK 3.8m | SEK 8.8m |
| Shareholders' equity | SEK 79.8m | SEK 53.6m | SEK 34.6m | SEK 66.2m | SEK 123.3m | SEK 20.0m | SEK 25.3m | SEK 6.0m | SEK 25.1m | SEK 11.6m |
| Shares outstanding | 16m | 14m | 13m | 13m | 13m | 11m | 10m | 9m | 9m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 40.8m | −SEK 17.2m | −SEK 26.0m | −SEK 59.9m | −SEK 26.8m | −SEK 11.4m | −SEK 22.6m | −SEK 14.2m | −SEK 11.8m | −SEK 9.0m |
| Capital spending | −SEK 7.3m | −SEK 7.1m | −SEK 5.1m | −SEK 2.9m | −SEK 4.2m | −SEK 7.5m | −SEK 7.0m | −SEK 7.1m | −SEK 6.5m | −SEK 4.5m |
| Free cash flow | −SEK 48.1m | −SEK 24.2m | −SEK 31.1m | −SEK 62.9m | −SEK 30.9m | −SEK 18.9m | −SEK 29.6m | −SEK 21.3m | −SEK 18.3m | −SEK 13.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 1.2m | SEK 1.1m | SEK 1.3m | SEK 1.5m | SEK 1.7m | SEK 1.3m | SEK 8.2m | SEK 9.3m |
| Operating income | −SEK 14.0m | −SEK 11.4m | −SEK 16.4m | −SEK 8.5m | −SEK 10.1m | −SEK 12.0m | −SEK 5.3m | SEK 5.8m |
| Net income | −SEK 13.2m | −SEK 9.2m | −SEK 19.0m | −SEK 10.8m | −SEK 11.2m | −SEK 16.1m | −SEK 6.4m | SEK 6.4m |
| Diluted earnings per share | -0.70 | -0.49 | -1.22 | -0.70 | -0.72 | -1.04 | -0.47 | 0.47 |
| Cash from operations | −SEK 11.0m | −SEK 13.0m | −SEK 10.0m | −SEK 7.0m | −SEK 9.0m | −SEK 13.0m | −SEK 11.0m | SEK 1.0m |
| Capital spending | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m |
| Free cash flow | −SEK 12.0m | −SEK 14.0m | −SEK 11.0m | −SEK 8.0m | −SEK 10.0m | −SEK 14.0m | −SEK 12.0m | SEK 0 |
| Total assets | SEK 73.0m | SEK 86.2m | SEK 98.8m | SEK 66.7m | SEK 66.6m | SEK 78.3m | SEK 93.8m | SEK 95.2m |
| Cash and short-term investments | SEK 17.0m | SEK 30.3m | SEK 46.0m | SEK 10.6m | SEK 10.1m | SEK 21.3m | SEK 36.6m | SEK 46.4m |
| Debt | SEK 1.6m | SEK 1.6m | SEK 172,000 | SEK 1.3m | SEK 1.4m | SEK 1.5m | SEK 1.6m | SEK 1.4m |
| Shareholders' equity | SEK 55.9m | SEK 69.8m | SEK 79.8m | SEK 18.8m | SEK 28.9m | SEK 39.9m | SEK 53.6m | SEK 60.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -24.4% | -13.2% | 2.8% |
| Operating income | -6.3% | 14.6% | 16.1% |
| Net income | 1.8% | 18.2% | 18.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -106.6% | -157.7% | -164.9% | -172.2% |
| Net margin | -126.2% | -164.9% | -172.1% | -178.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.0 | -287.0 | -28.8 | -19.3 | -48.8 | -33.3 | -27.2 | -19.9 | -15.1 | -9.7 |
| Price to sales | 59.6 | 9.2 | 32.8 | 78.8 | 88.5 | 71.1 | 57.4 | 27.4 | 28.4 | 32.1 |
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.