M 
0.22
-20.71%
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 282.9m
FY2017FY2025
Net income
−SEK 159.9m
FY2017FY2025
Free cash flow
−SEK 44.5m
FY2017FY2025
Shareholders' equity
SEK 395.8m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 282.9m | SEK 236.0m | SEK 170.4m | SEK 145.7m | SEK 132.1m | SEK 142.3m | SEK 127.6m | SEK 106.0m | SEK 112.7m |
| Research and development | — | SEK 17.8m | SEK 1.8m | SEK 1.8m | SEK 2.2m | SEK 11.4m | SEK 12.0m | — | — |
| Operating income | −SEK 136.0m | SEK 23.2m | SEK 18.0m | SEK 12.8m | SEK 6.5m | SEK 3.2m | SEK 1.6m | −SEK 3.9m | SEK 1.7m |
| Net income | −SEK 159.9m | SEK 11.9m | SEK 12.2m | SEK 9.1m | SEK 4.3m | SEK 1.8m | SEK 747,000 | −SEK 3.3m | SEK 5.0m |
| Diluted earnings per share | -7.74 | 0.58 | 1.13 | 0.85 | 0.40 | 0.18 | 0.07 | -0.16 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 911.0m | SEK 1.09bn | SEK 273.0m | SEK 252.9m | SEK 237.2m | SEK 198.1m | SEK 212.3m | SEK 152.5m | SEK 147.9m |
| Cash and short-term investments | SEK 13.6m | SEK 2.7m | SEK 7.1m | SEK 9.9m | SEK 4.0m | SEK 6.1m | SEK 3.3m | SEK 2.2m | SEK 14.0m |
| Total liabilities | SEK 515.2m | SEK 531.6m | SEK 114.7m | SEK 106.1m | SEK 98.4m | SEK 81.9m | SEK 98.6m | SEK 101.9m | SEK 104.9m |
| Debt | SEK 346.2m | SEK 359.9m | SEK 60.3m | SEK 50.3m | SEK 36.5m | SEK 44.8m | SEK 10.4m | SEK 2.1m | SEK 3.8m |
| Shareholders' equity | SEK 395.8m | SEK 560.6m | SEK 158.2m | SEK 146.8m | SEK 138.8m | SEK 116.1m | SEK 113.7m | SEK 50.7m | SEK 43.0m |
| Shares outstanding | 21m | 21m | 11m | 11m | 11m | 10m | 10m | 21m | 21m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 31.9m | −SEK 11.7m | SEK 15.3m | SEK 12.5m | SEK 26.0m | −SEK 5.5m | −SEK 7.1m | SEK 11.1m | SEK 27.0m |
| Capital spending | −SEK 12.6m | −SEK 16.2m | −SEK 15.1m | −SEK 16.9m | −SEK 11.8m | −SEK 12.4m | −SEK 54.9m | −SEK 21.0m | −SEK 18.8m |
| Free cash flow | −SEK 44.5m | −SEK 27.9m | SEK 209,000 | −SEK 4.4m | SEK 14.2m | −SEK 17.9m | −SEK 62.0m | −SEK 9.9m | SEK 8.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 72.9m | SEK 68.6m | SEK 77.7m | SEK 71.5m | SEK 52.4m | SEK 81.4m | SEK 87.2m | SEK 64.6m |
| Operating income | −SEK 14.2m | −SEK 20.9m | −SEK 122.5m | SEK 20.3m | −SEK 29.0m | SEK 2.1m | SEK 4.0m | SEK 13.8m |
| Net income | −SEK 17.0m | −SEK 22.0m | −SEK 134.0m | SEK 3.1m | −SEK 27.8m | −SEK 1.2m | −SEK 750,000 | SEK 9.6m |
| Diluted earnings per share | -0.82 | -1.07 | -6.49 | 0.15 | -1.35 | -0.06 | -0.04 | 0.47 |
| Cash from operations | −SEK 44.0m | −SEK 7.0m | −SEK 2.0m | −SEK 48.0m | −SEK 17.0m | SEK 4.0m | −SEK 19.0m | SEK 11.0m |
| Capital spending | −SEK 1.0m | — | — | −SEK 48.0m | −SEK 17.0m | −SEK 7.0m | −SEK 9.0m | −SEK 4.0m |
| Free cash flow | −SEK 45.0m | — | — | −SEK 96.0m | −SEK 34.0m | −SEK 3.0m | −SEK 28.0m | SEK 7.0m |
| Total assets | SEK 813.2m | SEK 823.7m | SEK 911.0m | SEK 1.04bn | SEK 1.04bn | SEK 1.02bn | SEK 1.09bn | SEK 857.2m |
| Cash and short-term investments | SEK 2.1m | — | SEK 13.6m | SEK 11.8m | SEK 2.2m | SEK 5.6m | SEK 2.7m | SEK 7.3m |
| Debt | SEK 324.0m | SEK 334.5m | SEK 333.9m | SEK 324.4m | SEK 269.9m | SEK 248.4m | SEK 283.3m | SEK 132.1m |
| Shareholders' equity | SEK 260.4m | SEK 279.8m | SEK 395.8m | SEK 531.8m | SEK 529.2m | SEK 550.1m | SEK 560.6m | SEK 487.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.8% | 14.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | 8.2 | 3.1 | 4.3 | 10.2 | 35.1 |
| Price to sales | 0.2 | 0.4 | 0.2 | 0.3 | 0.3 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Apr 2024.
| FY2024 | |
|---|---|
| Paid in the year | 0.004 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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