K 
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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 2.21bn
FY2020FY2025
Net income
−SEK 52.1m
FY2020FY2025
Free cash flow
−SEK 173.2m
FY2020FY2025
Shareholders' equity
SEK 147.8m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | SEK 2.21bn | SEK 958.5m | SEK 154.1m | SEK 287.2m | SEK 332.2m | SEK 1.9m |
| Gross profit | SEK 8.9m | SEK 15.0m | −SEK 8.9m | −SEK 8.4m | SEK 3.3m | −SEK 10.7m |
| Operating income | −SEK 52.6m | −SEK 1.2m | −SEK 70.9m | −SEK 95.3m | −SEK 33.5m | −SEK 21.5m |
| Net income | −SEK 52.1m | −SEK 4.2m | −SEK 90.0m | −SEK 94.2m | −SEK 163.4m | −SEK 20.5m |
| Diluted earnings per share | -0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | SEK 158.6m | SEK 41.1m | SEK 43.8m | SEK 100.0m | SEK 181.0m | SEK 43.4m |
| Cash and short-term investments | SEK 14.4m | SEK 8.8m | SEK 7.3m | SEK 5.9m | SEK 22.9m | SEK 19.1m |
| Total liabilities | SEK 10.8m | SEK 11.4m | SEK 43.8m | SEK 28.8m | SEK 32.1m | SEK 14.3m |
| Debt | — | SEK 8.5m | SEK 37.0m | SEK 26.5m | SEK 29.4m | SEK 8.0m |
| Shareholders' equity | SEK 147.8m | SEK 29.6m | −SEK 17,000 | SEK 71.2m | SEK 148.9m | SEK 29.2m |
| Shares outstanding | 15,064m | 12,807m | 10,676m | 14,921m | 14,921m | 14,921m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −SEK 20.5m | −SEK 22.1m | −SEK 1.9m | −SEK 49.9m | −SEK 43.7m | −SEK 19.9m |
| Capital spending | −SEK 152.8m | — | — | −SEK 2.1m | −SEK 66.2m | −SEK 494,000 |
| Free cash flow | −SEK 173.2m | −SEK 22.1m | −SEK 1.9m | −SEK 51.9m | −SEK 109.9m | −SEK 20.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 192.9m | SEK 739.8m | SEK 428.6m | SEK 933.2m | SEK 399.2m | SEK 449.9m | SEK 373.1m | SEK 249.7m |
| Gross profit | −SEK 18.6m | −SEK 20.3m | −SEK 1.3m | SEK 6.2m | SEK 1.9m | SEK 2.1m | SEK 3.6m | SEK 643,000 |
| Operating income | −SEK 14.1m | −SEK 15.5m | −SEK 41.5m | −SEK 3.2m | −SEK 3.3m | −SEK 4.6m | −SEK 533,000 | −SEK 6.5m |
| Net income | −SEK 19.6m | −SEK 35.8m | −SEK 39.7m | −SEK 4.9m | −SEK 3.5m | −SEK 4.0m | SEK 72,000 | −SEK 8.2m |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 |
| Cash from operations | −SEK 1.0m | −SEK 10.0m | −SEK 39.0m | −SEK 6.0m | SEK 27.0m | −SEK 1.0m | −SEK 1.0m | −SEK 3.0m |
| Capital spending | −SEK 1.0m | −SEK 10.0m | −SEK 6.0m | −SEK 115.0m | −SEK 30.0m | — | — | — |
| Free cash flow | −SEK 2.0m | −SEK 20.0m | −SEK 45.0m | −SEK 121.0m | −SEK 3.0m | — | — | — |
| Total assets | SEK 100.8m | SEK 114.1m | SEK 158.6m | SEK 203.1m | SEK 79.2m | SEK 42.8m | SEK 41.1m | SEK 51.7m |
| Cash and short-term investments | SEK 9.5m | SEK 12.1m | SEK 14.4m | SEK 12.4m | SEK 7.7m | SEK 5.6m | SEK 8.8m | SEK 10.6m |
| Debt | — | — | — | — | — | — | SEK 8.5m | — |
| Shareholders' equity | SEK 84.1m | SEK 102.7m | SEK 147.8m | SEK 170.5m | SEK 33.4m | SEK 29.3m | SEK 29.6m | SEK 36.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 97.4% | 308.6% | — |
| Operating income | -18.0% | 19.5% | — |
| Net income | -17.9% | 20.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 0.8% | 0.2% | -0.0% | — |
| Operating margin | -1.7% | -6.1% | -7.0% | — |
| Net margin | -1.8% | -6.7% | -10.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -7.5 | -111.0 | -2.8 | -4.8 | -14.9 | -70.3 |
| Price to sales | 0.2 | 0.5 | 1.6 | 1.6 | 7.3 | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 200-to-1 reverse split · 12 Oct 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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