4.88
+2.09%
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 183.0m
FY2018FY2025
Net income
−SEK 14.8m
FY2018FY2025
Free cash flow
−SEK 19.1m
FY2018FY2025
Shareholders' equity
SEK 116.4m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 183.0m | SEK 213.2m | SEK 256.2m | SEK 101.4m | SEK 44.9m | SEK 49.5m | SEK 45.0m | SEK 9.7m |
| Research and development | — | SEK 5.6m | SEK 5.1m | SEK 4.3m | SEK 3.1m | SEK 2.9m | SEK 4.0m | SEK 623,900 |
| Operating income | −SEK 8.4m | SEK 3.9m | SEK 37.1m | −SEK 5.0m | −SEK 11.4m | −SEK 19.6m | −SEK 6.6m | −SEK 5.2m |
| Net income | −SEK 14.8m | SEK 216,000 | SEK 39.0m | −SEK 6.4m | −SEK 12.8m | −SEK 20.9m | −SEK 7.0m | −SEK 5.5m |
| Diluted earnings per share | -0.28 | 0.00 | 0.75 | -0.12 | -0.25 | -0.47 | -0.12 | -0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 172.4m | SEK 161.9m | SEK 181.4m | SEK 123.9m | SEK 88.0m | SEK 46.0m | SEK 56.7m | SEK 37.4m |
| Cash and short-term investments | SEK 3.5m | — | SEK 41.7m | SEK 14.4m | SEK 14.1m | SEK 1.0m | SEK 1.3m | SEK 11.9m |
| Total liabilities | SEK 56.0m | SEK 47.5m | SEK 62.4m | SEK 44.9m | SEK 19.3m | SEK 16.6m | SEK 30.0m | SEK 4.9m |
| Debt | SEK 24.1m | SEK 2.3m | SEK 4.9m | SEK 3.9m | SEK 5.7m | SEK 8.2m | SEK 11.3m | SEK 2.5m |
| Shareholders' equity | SEK 116.4m | SEK 114.5m | SEK 119.0m | SEK 79.0m | SEK 68.7m | SEK 29.3m | SEK 26.7m | SEK 32.4m |
| Shares outstanding | 53m | 52m | 52m | 52m | 51m | 45m | 59m | 59m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 4.5m | −SEK 9.8m | SEK 48.6m | SEK 2.6m | −SEK 21.3m | −SEK 7.0m | −SEK 8.0m | −SEK 7.0m |
| Capital spending | −SEK 23.6m | −SEK 1.1m | −SEK 20.9m | −SEK 16.4m | −SEK 14.7m | −SEK 13.2m | −SEK 12.4m | −SEK 241,000 |
| Free cash flow | −SEK 19.1m | −SEK 11.0m | SEK 27.6m | −SEK 13.8m | −SEK 35.9m | −SEK 20.2m | −SEK 20.4m | −SEK 7.2m |
| Dividends paid | — | −SEK 5.2m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 44.5m | SEK 33.9m | SEK 29.8m | SEK 31.4m | SEK 73.0m | SEK 48.9m | SEK 53.0m | SEK 35.9m |
| Operating income | SEK 604,000 | −SEK 8.3m | −SEK 8.4m | −SEK 6.0m | SEK 3.9m | SEK 657,000 | SEK 3.9m | −SEK 4.6m |
| Net income | SEK 645,000 | −SEK 8.0m | −SEK 9.3m | −SEK 4.2m | SEK 583,000 | −SEK 2.0m | −SEK 1.2m | −SEK 4.8m |
| Diluted earnings per share | 0.01 | -0.14 | -0.17 | -0.08 | 0.01 | -0.04 | -0.02 | -0.09 |
| Cash from operations | −SEK 6.0m | −SEK 7.0m | −SEK 6.0m | −SEK 11.0m | SEK 27.0m | −SEK 3.0m | SEK 14.0m | −SEK 3.0m |
| Capital spending | — | — | — | — | −SEK 5.0m | −SEK 6.0m | — | −SEK 5.0m |
| Free cash flow | — | — | — | — | SEK 22.0m | −SEK 9.0m | — | −SEK 8.0m |
| Total assets | SEK 185.3m | SEK 177.3m | SEK 172.4m | SEK 171.4m | SEK 186.4m | SEK 181.6m | SEK 161.9m | SEK 173.3m |
| Cash and short-term investments | SEK 5.1m | SEK 10.4m | SEK 3.5m | — | SEK 6.7m | — | — | SEK 10.4m |
| Debt | SEK 3.6m | SEK 12.7m | SEK 20.4m | SEK 8.5m | SEK 917,000 | SEK 1.3m | SEK 2.3m | SEK 1.2m |
| Shareholders' equity | SEK 122.9m | SEK 122.3m | SEK 116.4m | SEK 114.5m | SEK 117.8m | SEK 115.4m | SEK 114.5m | SEK 116.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.7% | 29.9% | — |
| Operating income | 18.4% | -15.7% | — |
| Net income | 32.2% | -6.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1.1% | 3.7% | -0.4% | — |
| Net margin | -3.7% | 2.4% | -1.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -18.8 | — | 17.7 | -117.1 | -75.0 |
| Price to sales | 1.5 | 2.5 | 2.7 | 7.4 | 21.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 May 2024.
| FY2024 | |
|---|---|
| Paid in the year | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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