I 
0.32
-2.73%
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 53.1m
FY2016FY2025
Net income
−SEK 12.2m
FY2016FY2025
Free cash flow
−SEK 9.2m
FY2016FY2025
Shareholders' equity
SEK 148.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 53.1m | SEK 57.4m | SEK 43.0m | SEK 37.0m | SEK 12.0m | SEK 84,000 | SEK 442,697 | SEK 781,841 | SEK 502,033 | SEK 54,606 |
| Research and development | SEK 13.6m | SEK 22.8m | SEK 25.2m | SEK 24.4m | SEK 19.8m | SEK 12.6m | SEK 9.5m | SEK 9.9m | SEK 7.7m | SEK 2.1m |
| Operating income | −SEK 12.0m | −SEK 43.4m | −SEK 59.8m | −SEK 59.3m | −SEK 50.6m | −SEK 24.1m | −SEK 20.7m | −SEK 20.8m | −SEK 17.3m | −SEK 9.2m |
| Net income | −SEK 12.2m | −SEK 42.4m | −SEK 59.3m | −SEK 59.0m | −SEK 50.0m | −SEK 19.5m | −SEK 16.2m | −SEK 20.8m | −SEK 17.3m | −SEK 9.2m |
| Diluted earnings per share | -0.05 | -0.18 | -0.26 | -0.26 | -0.62 | -0.24 | -0.41 | -0.51 | -0.59 | -0.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 176.9m | SEK 134.1m | SEK 174.9m | SEK 236.0m | SEK 227.4m | SEK 60.5m | SEK 91.4m | SEK 57.4m | SEK 49.5m | SEK 66.4m |
| Cash and short-term investments | SEK 36.6m | SEK 47.8m | SEK 50.7m | SEK 65.2m | SEK 18.4m | SEK 42.0m | SEK 13.6m | SEK 29.7m | SEK 17.2m | SEK 32.9m |
| Total liabilities | SEK 28.7m | SEK 12.9m | SEK 11.2m | SEK 13.3m | SEK 10.0m | SEK 4.2m | SEK 11.0m | SEK 2.9m | SEK 2.8m | SEK 3.0m |
| Debt | SEK 13.2m | — | — | — | — | — | — | — | — | — |
| Shareholders' equity | SEK 148.2m | SEK 121.2m | SEK 163.6m | SEK 222.7m | SEK 213.5m | SEK 56.3m | SEK 80.4m | SEK 54.5m | SEK 46.7m | SEK 63.5m |
| Shares outstanding | 230m | 230m | 230m | 230m | 81m | 80m | 40m | 41m | 29m | 29m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 7.6m | −SEK 2.4m | −SEK 13.4m | −SEK 13.7m | −SEK 28.2m | −SEK 18.9m | −SEK 15.1m | −SEK 16.4m | −SEK 15.2m | −SEK 7.2m |
| Capital spending | −SEK 1.6m | −SEK 581,000 | −SEK 498,000 | −SEK 4.1m | −SEK 370,000 | −SEK 53,000 | −SEK 244,962 | — | −SEK 317,916 | −SEK 9.7m |
| Free cash flow | −SEK 9.2m | −SEK 2.9m | −SEK 13.9m | −SEK 17.8m | −SEK 28.6m | −SEK 19.0m | −SEK 15.3m | −SEK 16.4m | −SEK 15.6m | −SEK 16.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 14.6m | SEK 16.7m | SEK 16.3m | SEK 11.4m | SEK 10.1m | SEK 15.3m | SEK 15.4m | SEK 14.0m |
| Operating income | −SEK 1.2m | SEK 1.2m | SEK 19.7m | −SEK 3.0m | −SEK 15.0m | −SEK 12.4m | −SEK 9.2m | −SEK 10.1m |
| Net income | −SEK 1.1m | SEK 1.2m | SEK 18.1m | −SEK 3.1m | −SEK 14.9m | −SEK 12.3m | −SEK 9.0m | −SEK 9.8m |
| Diluted earnings per share | -0.00 | 0.01 | 0.08 | -0.01 | -0.06 | -0.05 | -0.04 | -0.04 |
| Cash from operations | −SEK 1.0m | SEK 2.0m | SEK 1.0m | −SEK 6.0m | −SEK 1.0m | −SEK 1.0m | SEK 3.0m | −SEK 4.0m |
| Total assets | SEK 175.0m | SEK 175.8m | SEK 176.9m | SEK 176.6m | SEK 107.8m | SEK 122.9m | SEK 134.1m | SEK 143.3m |
| Cash and short-term investments | SEK 35.3m | SEK 37.3m | SEK 36.6m | SEK 37.6m | SEK 44.3m | SEK 46.5m | SEK 47.8m | SEK 44.5m |
| Debt | SEK 2.3m | SEK 2.2m | SEK 2.2m | SEK 2.2m | — | — | — | — |
| Shareholders' equity | SEK 148.3m | SEK 149.4m | SEK 148.2m | SEK 149.6m | SEK 94.0m | SEK 108.9m | SEK 121.2m | SEK 130.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.8% | 263.2% | 60.8% |
| Operating income | -41.3% | -13.0% | 4.8% |
| Net income | -40.9% | -9.0% | 5.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -50.1% | -91.6% | -122.9% | -158.4% |
| Net margin | -49.4% | -90.7% | -119.6% | -152.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.7 | -2.1 | -1.7 | -2.4 | -1.5 | -5.2 | -1.6 | -1.4 | -2.1 | -7.1 |
| Price to sales | 1.5 | 1.6 | 2.3 | 3.9 | 6.3 | — | 58.8 | 38.4 | 71.4 | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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