K 
0.61
-0.82%
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 124.6m
FY2016FY2025
Net income
−SEK 237,000
FY2016FY2025
Free cash flow
−SEK 2.8m
FY2016FY2025
Shareholders' equity
SEK 70.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 124.6m | SEK 130.6m | SEK 65.5m | SEK 26.3m | SEK 18.3m | SEK 38.5m | SEK 34.8m | SEK 6.8m | SEK 4.6m | SEK 6.4m |
| Research and development | — | — | SEK 6.6m | SEK 7.2m | SEK 6.2m | SEK 7.7m | SEK 7.1m | SEK 836,000 | SEK 400,000 | — |
| Operating income | SEK 804,000 | SEK 3.1m | −SEK 38.7m | −SEK 63.9m | −SEK 38.3m | −SEK 35.2m | −SEK 12.3m | −SEK 12.1m | −SEK 8.9m | −SEK 6.6m |
| Net income | −SEK 237,000 | SEK 2.0m | −SEK 39.0m | −SEK 64.1m | −SEK 37.8m | −SEK 37.5m | −SEK 18.8m | −SEK 13.5m | −SEK 11.8m | −SEK 7.1m |
| Diluted earnings per share | -0.00 | 0.01 | -0.14 | -0.30 | -0.26 | -1.11 | -1.40 | -0.02 | -0.04 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 107.8m | SEK 105.4m | SEK 88.8m | SEK 63.3m | SEK 92.3m | SEK 84.6m | SEK 61.2m | SEK 41.4m | SEK 31.3m | SEK 24.9m |
| Cash and short-term investments | SEK 17.0m | SEK 17.6m | SEK 20.9m | SEK 11.3m | SEK 15.1m | SEK 10.6m | SEK 8.1m | SEK 1.4m | SEK 2.8m | SEK 2.0m |
| Total liabilities | SEK 37.3m | SEK 42.2m | SEK 29.9m | SEK 19.8m | SEK 30.5m | SEK 19.3m | SEK 10.5m | SEK 26.5m | SEK 26.2m | SEK 25.7m |
| Debt | — | — | — | SEK 2.1m | SEK 12.0m | SEK 948,000 | SEK 791,000 | SEK 12.5m | SEK 22.7m | SEK 1.5m |
| Shareholders' equity | SEK 70.6m | SEK 63.1m | SEK 58.9m | SEK 43.5m | SEK 61.8m | SEK 65.3m | SEK 50.8m | SEK 14.8m | SEK 5.0m | −SEK 787,000 |
| Shares outstanding | 274m | 275m | 271m | 216m | 146m | 34m | 13m | 584m | 316m | 333m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 8.5m | SEK 7.7m | −SEK 35.7m | −SEK 30.2m | −SEK 29.5m | −SEK 37.2m | −SEK 21.9m | −SEK 8.4m | −SEK 11.7m | −SEK 7.1m |
| Capital spending | −SEK 11.3m | −SEK 10.3m | −SEK 6.6m | −SEK 8.4m | −SEK 12.9m | −SEK 12.5m | −SEK 4.9m | −SEK 6.9m | −SEK 5.4m | −SEK 12.8m |
| Free cash flow | −SEK 2.8m | −SEK 2.6m | −SEK 42.3m | −SEK 38.6m | −SEK 42.4m | −SEK 49.8m | −SEK 26.8m | −SEK 15.2m | −SEK 17.1m | −SEK 19.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 28.8m | SEK 13.0m | SEK 25.6m | SEK 30.4m | SEK 33.7m | SEK 35.0m | SEK 40.4m | SEK 28.3m |
| Operating income | −SEK 4.0m | −SEK 8.7m | −SEK 3.9m | SEK 882,000 | SEK 2.7m | SEK 1.2m | SEK 2.1m | −SEK 3.0m |
| Net income | −SEK 14.3m | −SEK 9.6m | −SEK 4.4m | SEK 938,000 | SEK 2.4m | SEK 874,000 | SEK 1.6m | −SEK 3.3m |
| Diluted earnings per share | -0.05 | -0.04 | -0.02 | 0.00 | 0.01 | 0.00 | 0.01 | -0.01 |
| Cash from operations | −SEK 11.0m | −SEK 3.0m | SEK 11.0m | −SEK 10.0m | SEK 16.0m | −SEK 8.0m | SEK 9.0m | — |
| Capital spending | −SEK 1.0m | — | — | — | −SEK 2.0m | −SEK 2.0m | −SEK 2.0m | −SEK 2.0m |
| Free cash flow | −SEK 12.0m | — | — | — | SEK 14.0m | −SEK 10.0m | SEK 7.0m | — |
| Total assets | SEK 97.4m | SEK 93.3m | SEK 107.8m | SEK 119.3m | SEK 117.7m | SEK 91.8m | SEK 105.4m | SEK 96.5m |
| Cash and short-term investments | — | SEK 9.4m | SEK 17.0m | SEK 9.7m | SEK 19.3m | SEK 6.9m | SEK 17.6m | SEK 10.0m |
| Debt | SEK 6.9m | — | — | — | — | — | — | −SEK 396,000 |
| Shareholders' equity | SEK 48.1m | SEK 61.5m | SEK 70.6m | SEK 73.5m | SEK 67.7m | SEK 64.7m | SEK 63.1m | SEK 60.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 68.0% | 26.5% | 34.0% |
| Net income | -84.5% | -63.7% | -40.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.5% | -28.5% | -42.6% | -53.4% |
| Net margin | 0.7% | -29.2% | -43.8% | -57.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -1680.4 | 152.4 | -7.5 | -3.3 | -2.0 | -0.8 |
| Price to sales | 3.2 | 2.3 | 4.5 | 8.1 | 4.1 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 26 Jul 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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