I 
1.58
+12.06%
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 54.2m
FY2016FY2025
Free cash flow
−SEK 103.9m
FY2016FY2025
Shareholders' equity
SEK 107.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | SEK 721,000 | SEK 12.8m | SEK 22.4m | SEK 37.1m | — | — | SEK 227,000 | SEK 508,000 |
| Research and development | SEK 39.9m | — | — | — | — | — | — | — | — | — |
| Operating income | −SEK 54.8m | −SEK 47.2m | −SEK 41.7m | −SEK 167.5m | −SEK 204.5m | −SEK 188.8m | −SEK 167.8m | −SEK 89.8m | −SEK 72.6m | −SEK 64.0m |
| Net income | −SEK 54.2m | −SEK 43.5m | −SEK 37.1m | −SEK 159.8m | −SEK 200.3m | −SEK 189.0m | −SEK 161.6m | −SEK 83.1m | −SEK 72.0m | −SEK 64.0m |
| Diluted earnings per share | -0.21 | -0.27 | -0.23 | -0.99 | -1.24 | -1.79 | -2.87 | -1.47 | -1.48 | -2.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 129.4m | SEK 98.4m | SEK 140.6m | SEK 213.5m | SEK 401.4m | SEK 148.1m | SEK 146.5m | SEK 288.6m | SEK 361.3m | SEK 22.9m |
| Cash and short-term investments | SEK 127.0m | SEK 96.2m | SEK 138.1m | SEK 190.6m | SEK 379.4m | SEK 116.4m | SEK 127.0m | SEK 272.9m | SEK 357.3m | SEK 19.1m |
| Total liabilities | SEK 21.5m | SEK 20.5m | SEK 19.2m | SEK 55.0m | SEK 83.1m | SEK 81.6m | SEK 41.6m | SEK 23.5m | SEK 18.2m | SEK 16.8m |
| Debt | — | — | — | SEK 3.9m | SEK 1.7m | SEK 3.1m | SEK 4.2m | — | — | — |
| Shareholders' equity | SEK 107.9m | SEK 77.9m | SEK 121.4m | SEK 158.5m | SEK 318.2m | SEK 66.6m | SEK 104.9m | SEK 265.0m | SEK 343.0m | SEK 6.1m |
| Shares outstanding | 256m | 164m | 162m | 162m | 162m | 105m | 56m | 56m | 49m | 28m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 51.9m | −SEK 42.0m | −SEK 52.5m | −SEK 191.0m | −SEK 188.4m | −SEK 160.3m | −SEK 147.2m | −SEK 92.5m | −SEK 61.9m | −SEK 56.9m |
| Capital spending | −SEK 51.9m | — | — | — | — | — | −SEK 324,000 | −SEK 324,000 | −SEK 75,000 | −SEK 73,000 |
| Free cash flow | −SEK 103.9m | −SEK 42.0m | −SEK 52.5m | −SEK 191.0m | −SEK 188.4m | −SEK 160.3m | −SEK 147.5m | −SEK 92.8m | −SEK 62.0m | −SEK 57.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −SEK 16.3m | −SEK 15.6m | −SEK 12.9m | −SEK 13.6m | −SEK 15.0m | −SEK 14.1m | −SEK 13.7m | −SEK 11.7m |
| Net income | −SEK 15.7m | −SEK 15.1m | −SEK 12.8m | −SEK 13.1m | −SEK 14.7m | −SEK 13.7m | −SEK 13.1m | −SEK 10.9m |
| Diluted earnings per share | -0.05 | -0.05 | -0.05 | -0.05 | -0.06 | -0.05 | -0.08 | -0.07 |
| Cash from operations | −SEK 14.0m | −SEK 16.0m | −SEK 11.0m | −SEK 10.0m | −SEK 17.0m | −SEK 12.0m | −SEK 8.0m | −SEK 14.0m |
| Capital spending | — | — | −SEK 51.0m | — | — | — | — | — |
| Free cash flow | — | — | −SEK 62.0m | — | — | — | — | — |
| Total assets | SEK 118.6m | SEK 113.9m | SEK 129.4m | SEK 142.1m | SEK 69.1m | SEK 84.5m | SEK 98.4m | SEK 110.1m |
| Cash and short-term investments | SEK 114.8m | SEK 110.7m | SEK 127.0m | SEK 138.8m | SEK 65.7m | SEK 82.1m | SEK 96.2m | SEK 104.0m |
| Shareholders' equity | SEK 95.0m | SEK 92.8m | SEK 107.9m | SEK 120.6m | SEK 49.6m | SEK 64.3m | SEK 77.9m | SEK 91.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -31.1% | -21.9% | 3.0% |
| Net income | -30.3% | -22.1% | 2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.4 | -8.4 | -3.2 | -0.8 | -1.2 | -1.9 | -0.6 | -1.4 | -1.3 |
| Price to sales | — | — | 163.5 | 9.3 | 10.3 | 9.8 | — | — | 413.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Feb 2023.
| FY2023 | |
|---|---|
| Paid in the year | 0.008 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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