I 
72.80
-1.09%
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
—
FY2016FY2025
Net income
−SEK 65.2m
FY2016FY2025
Free cash flow
−SEK 72.3m
FY2016FY2025
Shareholders' equity
SEK 105.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | SEK 4,000 | SEK 77,000 | SEK 12,000 | — | — | — | — | SEK 238,000 | SEK 162,000 |
| Gross profit | — | SEK 4,000 | SEK 77,000 | SEK 12,000 | — | — | −SEK 816,000 | −SEK 816,000 | SEK 238,000 | −SEK 649,000 |
| Research and development | SEK 48.8m | SEK 120.6m | SEK 121.2m | SEK 65.8m | SEK 44.7m | SEK 72.2m | SEK 47.2m | SEK 39.4m | SEK 36.4m | SEK 40.8m |
| Operating income | −SEK 62.0m | −SEK 139.9m | −SEK 134.6m | −SEK 65.8m | −SEK 44.6m | −SEK 71.9m | −SEK 47.2m | −SEK 39.4m | −SEK 36.1m | −SEK 38.1m |
| Net income | −SEK 65.2m | −SEK 136.9m | −SEK 123.1m | −SEK 65.5m | −SEK 45.0m | −SEK 72.3m | −SEK 47.0m | −SEK 40.6m | −SEK 36.2m | −SEK 38.1m |
| Diluted earnings per share | -4.84 | -10.16 | -9.14 | -5.83 | -4.01 | -6.44 | -4.19 | -3.62 | -5.88 | -6.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 161.7m | SEK 239.6m | SEK 351.3m | SEK 349.6m | SEK 408.5m | SEK 450.3m | SEK 518.3m | SEK 563.4m | SEK 175.0m | SEK 110.1m |
| Cash and short-term investments | SEK 144.0m | SEK 223.4m | SEK 329.1m | SEK 335.8m | SEK 386.8m | SEK 423.4m | SEK 495.2m | SEK 542.2m | SEK 158.3m | SEK 93.8m |
| Total liabilities | SEK 56.4m | SEK 69.3m | SEK 46.2m | SEK 17.9m | SEK 13.2m | SEK 10.2m | SEK 7.9m | SEK 6.7m | SEK 6.7m | SEK 4.9m |
| Shareholders' equity | SEK 105.3m | SEK 170.3m | SEK 305.2m | SEK 331.7m | SEK 395.3m | SEK 440.2m | SEK 510.4m | SEK 556.7m | SEK 168.4m | SEK 105.2m |
| Shares outstanding | 13m | 13m | 13m | 11m | 11m | 11m | 11m | 11m | 6m | 6m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 72.3m | −SEK 113.1m | −SEK 101.2m | −SEK 85.8m | −SEK 55.6m | −SEK 58.4m | −SEK 51.3m | −SEK 47.4m | −SEK 34.8m | −SEK 39.7m |
| Capital spending | — | — | — | — | — | — | — | — | −SEK 50,000 | — |
| Free cash flow | −SEK 72.3m | −SEK 113.1m | −SEK 101.2m | −SEK 85.8m | −SEK 55.6m | −SEK 58.4m | −SEK 51.3m | −SEK 47.4m | −SEK 34.8m | −SEK 39.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | −SEK 1,000 | — |
| Gross profit | — | — | — | — | — | — | −SEK 1,000 | — |
| Operating income | −SEK 30.2m | −SEK 23.5m | −SEK 20.5m | −SEK 10.8m | −SEK 20.1m | −SEK 17.5m | −SEK 37.4m | −SEK 33.8m |
| Net income | −SEK 29.7m | −SEK 22.9m | −SEK 19.2m | −SEK 10.1m | −SEK 19.2m | −SEK 16.7m | −SEK 33.8m | −SEK 32.6m |
| Diluted earnings per share | -2.21 | -1.70 | -1.43 | -0.75 | -1.42 | -1.24 | -2.51 | -2.42 |
| Cash from operations | −SEK 23.0m | −SEK 12.0m | −SEK 20.0m | −SEK 8.0m | −SEK 15.0m | −SEK 27.0m | −SEK 8.0m | −SEK 50.0m |
| Total assets | SEK 120.2m | SEK 143.1m | SEK 161.7m | SEK 178.2m | SEK 193.2m | SEK 207.9m | SEK 239.6m | SEK 239.3m |
| Cash and short-term investments | SEK 108.6m | SEK 131.9m | SEK 144.0m | SEK 165.3m | SEK 176.3m | SEK 191.8m | SEK 223.4m | SEK 226.2m |
| Shareholders' equity | SEK 53.0m | SEK 82.6m | SEK 105.3m | SEK 124.4m | SEK 134.4m | SEK 153.5m | SEK 170.3m | SEK 204.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -2.0% | -2.9% | 11.6% |
| Net income | -0.1% | -2.1% | 12.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.4 | -5.3 | -3.4 | -3.0 | -5.8 | -6.0 | -11.9 | -13.6 | -6.1 | -2.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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