M 
0.93
+0.32%
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
—
FY2016FY2025
Net income
−SEK 36.6m
FY2016FY2025
Free cash flow
−SEK 65.7m
FY2016FY2025
Shareholders' equity
SEK 630.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | SEK 391,000 | SEK 42.8m | SEK 38.8m | SEK 40.1m | SEK 35.7m | SEK 34.5m | SEK 33.4m | SEK 27.6m |
| Operating income | −SEK 38.8m | −SEK 28.7m | −SEK 23.7m | −SEK 20.1m | −SEK 13.1m | −SEK 126.8m | −SEK 11.9m | −SEK 9.9m | −SEK 15.6m |
| Net income | −SEK 36.6m | −SEK 27.1m | −SEK 84.4m | −SEK 14.9m | −SEK 13.3m | −SEK 100.0m | −SEK 11.0m | −SEK 7.9m | −SEK 12.9m |
| Diluted earnings per share | -0.17 | -0.17 | -0.59 | -0.10 | -0.10 | -1.09 | -0.11 | -0.11 | -0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 652.6m | SEK 552.1m | SEK 486.2m | SEK 559.5m | SEK 430.1m | SEK 428.6m | SEK 324.5m | SEK 282.3m | SEK 217.8m |
| Cash and short-term investments | SEK 67.6m | SEK 15.2m | SEK 34.6m | SEK 150.9m | SEK 104.4m | SEK 54.0m | SEK 2.9m | SEK 46.9m | SEK 45.6m |
| Total liabilities | SEK 22.2m | SEK 29.4m | SEK 32.8m | SEK 21.8m | SEK 18.4m | SEK 29.9m | SEK 20.3m | SEK 30.8m | SEK 32.5m |
| Debt | SEK 500,000 | SEK 500,000 | SEK 1.4m | SEK 1.4m | SEK 500,000 | SEK 13.0m | SEK 500,000 | SEK 500,000 | SEK 500,000 |
| Shareholders' equity | SEK 630.4m | SEK 522.7m | SEK 453.3m | SEK 537.8m | SEK 411.8m | SEK 398.7m | SEK 304.2m | SEK 251.5m | SEK 185.3m |
| Shares outstanding | 217m | 164m | 144m | 144m | 134m | 92m | 100m | 73m | 62m |
Cash flow
Fiscal years
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 36.2m | −SEK 16.2m | −SEK 36.6m | −SEK 20.4m | SEK 86.4m | −SEK 99.5m | −SEK 33.6m | −SEK 21.1m | −SEK 27.4m |
| Capital spending | −SEK 29.5m | −SEK 100.5m | −SEK 80.2m | −SEK 74.5m | −SEK 61.1m | −SEK 41.6m | −SEK 67.8m | −SEK 55.4m | −SEK 7.9m |
| Free cash flow | −SEK 65.7m | −SEK 116.7m | −SEK 116.8m | −SEK 94.9m | SEK 25.3m | −SEK 141.1m | −SEK 101.4m | −SEK 76.5m | −SEK 35.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | SEK 5.9m | SEK 6.3m | SEK 75,000 | −SEK 75,000 |
| Operating income | −SEK 8.4m | −SEK 7.1m | −SEK 10.6m | −SEK 7.7m | −SEK 9.8m | −SEK 10.7m | −SEK 4.5m | −SEK 9.6m |
| Net income | −SEK 8.1m | −SEK 6.9m | −SEK 6.5m | −SEK 8.4m | −SEK 10.9m | −SEK 10.8m | −SEK 3.4m | −SEK 9.6m |
| Diluted earnings per share | -0.03 | -0.03 | -0.03 | -0.04 | -0.05 | -0.05 | -0.02 | -0.05 |
| Cash from operations | −SEK 4.0m | −SEK 10.0m | −SEK 13.0m | SEK 1.0m | SEK 12.0m | −SEK 15.0m | −SEK 6.0m | −SEK 9.0m |
| Capital spending | — | — | −SEK 29.0m | — | −SEK 17.0m | — | — | — |
| Free cash flow | — | — | −SEK 42.0m | — | −SEK 5.0m | — | — | — |
| Total assets | SEK 636.8m | SEK 644.0m | SEK 652.6m | SEK 599.8m | SEK 597.8m | SEK 571.2m | SEK 586.2m | SEK 594.7m |
| Cash and short-term investments | SEK 38.4m | SEK 50.1m | SEK 67.6m | SEK 26.4m | SEK 30.2m | SEK 10.3m | SEK 34.9m | SEK 76.1m |
| Debt | — | — | SEK 500,000 | — | SEK 500,000 | — | SEK 500,000 | — |
| Shareholders' equity | SEK 615.4m | SEK 623.5m | SEK 630.4m | SEK 554.2m | SEK 562.7m | SEK 557.7m | SEK 568.6m | SEK 571.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 17.7% | 24.2% | 8.5% |
| Net income | -24.3% | 22.5% | 9.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.4 | -4.1 | -9.3 | -3.1 | -33.7 | -46.9 | -2.6 | -14.5 | -5.3 | -6.0 |
| Price to sales | — | — | — | 6.1 | 13.0 | 15.6 | 7.2 | 4.6 | 1.2 | 2.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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