L
6.50
-1.96%
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 11.4m
FY2016FY2025
Net income
−SEK 19.5m
FY2016FY2025
Free cash flow
−SEK 39.7m
FY2016FY2025
Shareholders' equity
SEK 26.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 11.4m | SEK 9.0m | SEK 854,699 | SEK 811,698 | SEK 729,000 | SEK 614,295 | SEK 703,681 | SEK 1.4m | SEK 1.2m | SEK 728,520 |
| Research and development | — | — | — | — | — | — | — | SEK 552,270 | SEK 836,907 | SEK 359,244 |
| Operating income | −SEK 21.4m | −SEK 18.1m | −SEK 26.0m | −SEK 21.5m | −SEK 18.6m | −SEK 12.3m | −SEK 10.5m | −SEK 12.1m | −SEK 11.9m | −SEK 5.6m |
| Net income | −SEK 19.5m | −SEK 17.7m | −SEK 25.4m | −SEK 21.1m | −SEK 18.1m | −SEK 12.4m | −SEK 10.7m | −SEK 12.3m | −SEK 6.9m | −SEK 3.1m |
| Diluted earnings per share | -0.15 | -0.18 | -0.28 | -0.47 | -0.61 | -0.41 | -0.35 | -0.43 | -0.23 | -0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 39.4m | SEK 42.7m | SEK 40.7m | SEK 31.2m | SEK 24.0m | SEK 44.1m | SEK 15.4m | SEK 15.1m | SEK 9.6m | SEK 13.0m |
| Cash and short-term investments | SEK 5.3m | SEK 12.4m | SEK 14.0m | SEK 7.6m | SEK 7.5m | SEK 29.5m | SEK 6.3m | SEK 8.1m | SEK 4.0m | SEK 8.7m |
| Total liabilities | SEK 12.5m | SEK 8.5m | SEK 7.0m | SEK 3.3m | SEK 3.4m | SEK 5.5m | SEK 4.9m | SEK 8.2m | SEK 15.5m | SEK 13.6m |
| Debt | SEK 4.6m | SEK 254,186 | SEK 206,024 | SEK 588,340 | SEK 1.1m | SEK 1.8m | SEK 2.1m | SEK 2.5m | SEK 10.7m | SEK 1.8m |
| Shareholders' equity | SEK 26.9m | SEK 34.2m | SEK 33.7m | SEK 27.9m | SEK 20.6m | SEK 38.6m | SEK 10.5m | SEK 6.9m | −SEK 5.9m | −SEK 667,163 |
| Shares outstanding | 130m | 97m | 92m | 45m | 30m | 30m | 30m | 28m | 30m | 30m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 19.9m | −SEK 16.5m | −SEK 20.4m | −SEK 20.6m | −SEK 17.1m | −SEK 13.7m | −SEK 13.5m | −SEK 11.1m | −SEK 13.7m | — |
| Capital spending | −SEK 19.9m | — | — | — | — | — | −SEK 2.2m | −SEK 1.6m | — | — |
| Free cash flow | −SEK 39.7m | −SEK 16.5m | −SEK 20.4m | −SEK 20.6m | −SEK 17.1m | −SEK 13.7m | −SEK 15.7m | −SEK 12.7m | −SEK 13.7m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 3.5m | SEK 4.9m | SEK 6.5m | SEK 4.3m | SEK 4.7m | SEK 2.3m | SEK 855,000 | SEK 427,350 |
| Operating income | −SEK 12.6m | −SEK 11.6m | −SEK 9.8m | −SEK 10.3m | −SEK 9.3m | −SEK 4.6m | −SEK 13.6m | −SEK 6.7m |
| Net income | −SEK 12.2m | −SEK 9.3m | −SEK 10.0m | −SEK 8.4m | −SEK 9.3m | −SEK 4.6m | −SEK 12.9m | −SEK 6.5m |
| Diluted earnings per share | -0.09 | -0.07 | -0.08 | -0.09 | -0.10 | -0.05 | -0.14 | -0.07 |
| Cash from operations | −SEK 12.0m | −SEK 8.0m | −SEK 11.0m | −SEK 8.0m | −SEK 7.0m | −SEK 3.0m | −SEK 8.0m | −SEK 4.0m |
| Capital spending | −SEK 12.0m | −SEK 8.0m | — | — | — | — | — | — |
| Free cash flow | −SEK 24.0m | −SEK 16.0m | — | — | — | — | — | — |
| Total assets | SEK 32.3m | SEK 39.4m | SEK 50.1m | SEK 42.7m | SEK 32.3m | SEK 32.3m | SEK 40.7m | SEK 40.7m |
| Cash and short-term investments | SEK 362,000 | SEK 5.3m | SEK 16.3m | SEK 12.4m | SEK 4.3m | SEK 4.3m | SEK 14.0m | SEK 14.0m |
| Debt | — | SEK 4.6m | — | SEK 254,186 | — | — | SEK 206,024 | — |
| Shareholders' equity | SEK 23.4m | SEK 26.9m | SEK 36.7m | SEK 34.2m | SEK 24.4m | SEK 24.4m | SEK 33.7m | SEK 33.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 141.4% | 79.4% | 63.2% |
| Operating income | -0.2% | 11.7% | 27.5% |
| Net income | -2.7% | 9.5% | 28.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -192.9% | -393.5% | -502.8% | -579.5% |
| Net margin | -181.9% | -378.6% | -486.9% | -538.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -156.4 | -238.1 | -75.9 | -159.5 | -172.9 | -394.3 |
| Price to sales | 266.6 | 467.6 | — | — | — | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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