M 
4.90
-1.80%
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 2.8m
FY2016FY2025
Net income
−SEK 25.2m
FY2016FY2025
Free cash flow
−SEK 21.6m
FY2016FY2025
Shareholders' equity
SEK 5.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 2.8m | SEK 2.7m | SEK 6.8m | SEK 1.4m | SEK 101,987 | SEK 2.0m | SEK 12.7m | SEK 5.5m | SEK 3.3m | SEK 2.8m |
| Operating income | −SEK 16.0m | −SEK 25.3m | −SEK 16.7m | −SEK 16.3m | −SEK 16.1m | −SEK 8.7m | −SEK 11.7m | −SEK 27.2m | −SEK 29.0m | −SEK 2.7m |
| Net income | −SEK 25.2m | −SEK 26.1m | −SEK 16.7m | −SEK 15.5m | −SEK 16.2m | −SEK 9.0m | −SEK 11.5m | −SEK 27.5m | −SEK 29.0m | −SEK 3.4m |
| Diluted earnings per share | -11.63 | -0.22 | -0.07 | -0.10 | -0.11 | -0.09 | -0.40 | -1.32 | -2.09 | -0.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 18.5m | SEK 36.3m | SEK 35.7m | SEK 27.3m | SEK 29.7m | SEK 11.8m | SEK 10.2m | SEK 26.6m | SEK 32.5m | SEK 29.8m |
| Cash and short-term investments | SEK 1.1m | SEK 6.0m | SEK 15.8m | SEK 10.5m | SEK 18.6m | SEK 3.4m | SEK 1.6m | SEK 14.9m | SEK 19.7m | SEK 12.6m |
| Total liabilities | SEK 12.6m | SEK 6.2m | SEK 7.7m | SEK 3.0m | SEK 2.1m | SEK 1.8m | SEK 4.6m | SEK 11.0m | SEK 13.1m | SEK 17.1m |
| Debt | SEK 10.0m | SEK 1.7m | SEK 4.1m | — | — | — | SEK 2.0m | −SEK 5.1m | SEK 196,210 | SEK 944,000 |
| Shareholders' equity | SEK 5.8m | SEK 30.1m | SEK 28.0m | SEK 24.2m | SEK 27.6m | SEK 10.0m | SEK 5.6m | SEK 15.6m | SEK 19.3m | SEK 12.6m |
| Shares outstanding | 2m | 117m | 251m | 159m | 148m | 102m | 28m | 21m | 14m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 10.8m | −SEK 25.3m | −SEK 16.0m | −SEK 17.6m | −SEK 17.9m | −SEK 9.5m | −SEK 16.4m | −SEK 33.9m | −SEK 30.8m | −SEK 17.9m |
| Capital spending | −SEK 10.8m | — | −SEK 4 | — | −SEK 1.2m | −SEK 64,885 | −SEK 440,000 | −SEK 1.2m | −SEK 3.0m | −SEK 60,000 |
| Free cash flow | −SEK 21.6m | −SEK 25.3m | −SEK 16.0m | −SEK 17.6m | −SEK 19.1m | −SEK 9.6m | −SEK 16.9m | −SEK 35.0m | −SEK 33.7m | −SEK 17.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 253,000 | SEK 228,000 | SEK 228,000 | SEK 1.7m | SEK 241,000 | SEK 572,000 | SEK 430,000 | SEK 342,000 |
| Operating income | −SEK 3.9m | −SEK 3.7m | −SEK 3.4m | −SEK 2.8m | −SEK 5.0m | −SEK 4.6m | −SEK 6.5m | −SEK 7.7m |
| Net income | −SEK 4.1m | −SEK 3.7m | −SEK 3.4m | −SEK 12.3m | −SEK 5.0m | −SEK 4.5m | −SEK 6.8m | −SEK 7.8m |
| Diluted earnings per share | -1.88 | -1.72 | -1.55 | -5.69 | -2.33 | -2.05 | -0.06 | -0.07 |
| Cash from operations | −SEK 3.0m | −SEK 3.0m | — | — | −SEK 5.0m | −SEK 6.0m | −SEK 8.0m | −SEK 5.0m |
| Capital spending | — | — | — | — | — | — | −SEK 8.0m | −SEK 5.0m |
| Free cash flow | — | — | — | — | — | — | −SEK 16.0m | −SEK 10.0m |
| Total assets | SEK 18.6m | SEK 18.5m | SEK 18.5m | SEK 18.3m | SEK 30.0m | SEK 30.8m | SEK 36.3m | SEK 30.5m |
| Cash and short-term investments | SEK 945,000 | SEK 1.0m | SEK 1.1m | SEK 685,000 | SEK 281,000 | SEK 789,000 | SEK 6.0m | SEK 1.1m |
| Debt | — | — | — | — | — | — | SEK 1.7m | SEK 11.0m |
| Shareholders' equity | −SEK 2.0m | SEK 2.1m | SEK 5.8m | SEK 9.2m | SEK 26.6m | SEK 27.1m | SEK 30.1m | SEK 11.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.2% | 6.9% | -4.2% |
| Operating income | -0.6% | 13.0% | 0.9% |
| Net income | 17.5% | 22.8% | 5.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -761.2% | -542.4% | -628.2% | -416.1% |
| Net margin | -945.5% | -609.7% | -689.3% | -441.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.6 | -70.5 | -899.3 | -1463.6 | -4060.3 | -669.9 | -261.7 | -171.8 | -734.3 |
| Price to sales | 5.1 | — | — | — | — | — | 237.0 | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 400-to-1 reverse split · 14 Feb 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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