I 
0.79
+1.93%
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 20.1m
FY2016FY2025
Net income
−SEK 80.8m
FY2016FY2025
Free cash flow
−SEK 66.9m
FY2016FY2025
Shareholders' equity
SEK 274.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 20.1m | SEK 11.8m | SEK 8.0m | SEK 9.7m | SEK 5.2m | SEK 4.8m | SEK 12.1m | SEK 35.6m | SEK 48.0m | SEK 55.6m |
| Research and development | — | SEK 17.3m | SEK 17.5m | SEK 14.6m | — | — | — | SEK 8.4m | — | — |
| Operating income | −SEK 84.9m | −SEK 77.3m | −SEK 93.6m | −SEK 64.4m | −SEK 29.4m | −SEK 25.7m | −SEK 27.8m | −SEK 30.9m | −SEK 13.7m | −SEK 7.4m |
| Net income | −SEK 80.8m | −SEK 75.5m | −SEK 102.9m | −SEK 64.2m | −SEK 29.4m | −SEK 25.6m | −SEK 27.9m | −SEK 27.5m | −SEK 12.8m | −SEK 6.8m |
| Diluted earnings per share | -0.24 | -0.86 | -1.36 | -1.10 | -0.51 | -0.47 | -0.62 | -0.73 | -0.79 | -0.46 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 294.4m | SEK 187.3m | SEK 259.6m | SEK 265.0m | SEK 329.4m | SEK 355.3m | SEK 237.1m | SEK 202.7m | SEK 179.6m | SEK 163.7m |
| Cash and short-term investments | SEK 160.9m | SEK 34.4m | SEK 88.3m | SEK 45.7m | SEK 115.7m | SEK 164.3m | SEK 52.5m | SEK 36.5m | SEK 21.5m | SEK 13.3m |
| Total liabilities | SEK 19.5m | SEK 25.0m | SEK 21.7m | SEK 14.9m | SEK 21.1m | SEK 17.7m | SEK 17.2m | SEK 12.2m | SEK 14.7m | SEK 33.5m |
| Debt | SEK 108,000 | SEK 145,000 | SEK 181,000 | SEK 322,000 | SEK 433,000 | SEK 383,000 | SEK 744,000 | SEK 1.1m | SEK 8.5m | SEK 23.8m |
| Shareholders' equity | SEK 274.9m | SEK 162.3m | SEK 237.9m | SEK 250.2m | SEK 308.3m | SEK 337.6m | SEK 219.8m | SEK 190.4m | SEK 164.9m | SEK 130.2m |
| Shares outstanding | 341m | 88m | 76m | 58m | 58m | 54m | 45m | 38m | 16m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 65.8m | −SEK 53.2m | −SEK 45.8m | −SEK 69.8m | −SEK 25.5m | −SEK 20.1m | −SEK 2.8m | −SEK 4.0m | −SEK 19.2m | −SEK 4.2m |
| Capital spending | −SEK 1.1m | −SEK 706,000 | −SEK 2.1m | −SEK 6.1m | −SEK 23.2m | −SEK 11.4m | −SEK 39.5m | −SEK 24.4m | −SEK 13.2m | −SEK 12.1m |
| Free cash flow | −SEK 66.9m | −SEK 53.9m | −SEK 47.9m | −SEK 75.9m | −SEK 48.7m | −SEK 31.5m | −SEK 42.3m | −SEK 28.4m | −SEK 32.3m | −SEK 16.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 6.2m | SEK 3.4m | SEK 3.1m | SEK 5.4m | SEK 7.0m | SEK 4.6m | SEK 4.1m | SEK 2.5m |
| Operating income | −SEK 20.8m | −SEK 22.9m | −SEK 36.9m | −SEK 15.3m | −SEK 18.6m | −SEK 13.5m | −SEK 18.5m | −SEK 22.5m |
| Net income | −SEK 20.1m | −SEK 21.7m | −SEK 35.6m | −SEK 14.3m | −SEK 17.8m | −SEK 13.2m | −SEK 18.1m | −SEK 22.2m |
| Diluted earnings per share | -0.06 | -0.06 | -0.10 | -0.04 | -0.05 | -0.04 | -0.20 | -0.25 |
| Cash from operations | −SEK 13.0m | −SEK 11.0m | −SEK 11.0m | −SEK 29.0m | −SEK 13.0m | −SEK 11.0m | −SEK 14.0m | −SEK 13.0m |
| Total assets | SEK 266.7m | SEK 278.2m | SEK 294.4m | SEK 329.2m | SEK 362.2m | SEK 363.3m | SEK 187.3m | SEK 205.0m |
| Cash and short-term investments | SEK 127.6m | SEK 145.6m | SEK 160.9m | SEK 172.4m | SEK 202.1m | SEK 216.1m | SEK 34.4m | SEK 49.3m |
| Debt | — | — | SEK 69,000 | SEK 78,000 | SEK 88,000 | — | SEK 145,000 | SEK 115,000 |
| Shareholders' equity | SEK 233.1m | SEK 253.2m | SEK 274.9m | SEK 310.5m | SEK 324.8m | SEK 342.6m | SEK 162.3m | SEK 180.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 27.5% | 33.3% | -10.8% |
| Operating income | 9.6% | 27.0% | — |
| Net income | 8.0% | 25.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -508.7% | -645.8% | -629.6% | -165.5% |
| Net margin | -490.5% | -652.3% | -634.8% | -165.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.9 | -1.2 | -2.0 | -8.9 | -39.6 | -42.3 | -11.1 | -3.5 | -2.1 |
| Price to sales | 15.7 | 7.5 | 26.1 | 59.1 | 222.1 | 226.5 | 25.4 | 2.7 | 0.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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