M
15.40
+2.33%
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 279.1m
FY2017FY2025
Net income
−SEK 32.3m
FY2017FY2025
Free cash flow
−SEK 25.4m
FY2017FY2025
Shareholders' equity
SEK 138.4m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 279.1m | SEK 290.3m | SEK 273.6m | SEK 218.0m | SEK 185.1m | SEK 137.5m | SEK 149.4m | SEK 157.0m | SEK 109.0m |
| Research and development | — | — | SEK 9.4m | SEK 9.0m | SEK 8.0m | SEK 3.3m | SEK 1.4m | SEK 1.3m | SEK 1.2m |
| Operating income | −SEK 33.1m | −SEK 12.4m | −SEK 679,000 | −SEK 22.7m | −SEK 20.7m | −SEK 31.6m | −SEK 27.8m | SEK 16.1m | SEK 6.5m |
| Net income | −SEK 32.3m | −SEK 18.4m | −SEK 2.8m | −SEK 30.7m | −SEK 29.2m | −SEK 13.1m | −SEK 20.6m | SEK 20.1m | SEK 6.2m |
| Diluted earnings per share | -1.14 | -0.72 | -0.11 | -1.20 | -1.18 | -0.54 | -0.85 | 0.83 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 312.0m | SEK 323.9m | SEK 322.5m | SEK 333.0m | SEK 261.9m | SEK 245.3m | SEK 187.1m | SEK 130.6m | SEK 93.8m |
| Cash and short-term investments | SEK 33.4m | SEK 53.6m | SEK 59.1m | SEK 47.3m | SEK 12.7m | SEK 48.8m | SEK 48.0m | SEK 17.8m | SEK 14.7m |
| Total liabilities | SEK 173.6m | SEK 180.2m | SEK 163.6m | SEK 170.3m | SEK 125.0m | SEK 82.0m | SEK 62.4m | SEK 63.8m | SEK 45.2m |
| Debt | SEK 16.8m | SEK 9.1m | SEK 9.6m | SEK 16.7m | SEK 14.7m | SEK 11.5m | SEK 15.4m | −SEK 38.9m | — |
| Shareholders' equity | SEK 138.4m | SEK 143.7m | SEK 159.0m | SEK 162.6m | SEK 136.9m | SEK 163.3m | SEK 124.8m | SEK 66.7m | SEK 48.6m |
| Shares outstanding | 28m | 26m | 26m | 26m | 25m | 24m | 24m | 24m | 28m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 20.3m | SEK 17.9m | SEK 36.5m | SEK 14.9m | −SEK 5.1m | SEK 30.5m | −SEK 37.3m | SEK 16.0m | SEK 15.7m |
| Capital spending | −SEK 5.1m | −SEK 16.4m | −SEK 7.0m | −SEK 13.1m | −SEK 25.9m | −SEK 25.3m | −SEK 4.0m | −SEK 12.4m | −SEK 7.9m |
| Free cash flow | −SEK 25.4m | SEK 1.5m | SEK 29.5m | SEK 1.9m | −SEK 31.0m | SEK 5.2m | −SEK 41.3m | SEK 3.6m | SEK 7.9m |
| Dividends paid | — | — | — | — | — | — | −SEK 2.0m | −SEK 958,000 | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 79.6m | SEK 62.1m | SEK 90.8m | SEK 70.6m | SEK 63.4m | SEK 54.3m | SEK 86.2m | SEK 57.7m |
| Operating income | −SEK 3.1m | −SEK 19.3m | SEK 13.5m | SEK 233,000 | −SEK 16.7m | −SEK 26.8m | SEK 6.0m | −SEK 12.4m |
| Net income | −SEK 880,000 | −SEK 16.5m | SEK 13.0m | −SEK 269,000 | −SEK 17.6m | −SEK 27.5m | SEK 2.0m | −SEK 13.1m |
| Diluted earnings per share | -0.03 | -0.59 | 0.46 | -0.01 | -0.62 | -0.97 | 0.08 | -0.51 |
| Cash from operations | SEK 8.0m | SEK 26.0m | SEK 1.0m | −SEK 10.0m | −SEK 7.0m | −SEK 3.0m | SEK 13.0m | −SEK 2.0m |
| Capital spending | — | — | −SEK 2.0m | −SEK 2.0m | −SEK 4.0m | −SEK 3.0m | −SEK 3.0m | −SEK 5.0m |
| Free cash flow | — | — | −SEK 1.0m | −SEK 12.0m | −SEK 11.0m | −SEK 6.0m | SEK 10.0m | −SEK 7.0m |
| Total assets | SEK 298.5m | SEK 299.6m | SEK 312.0m | SEK 278.5m | SEK 268.1m | SEK 295.7m | SEK 323.9m | SEK 289.6m |
| Cash and short-term investments | SEK 61.1m | SEK 56.2m | SEK 33.4m | SEK 39.6m | SEK 25.5m | SEK 40.5m | SEK 53.6m | SEK 46.0m |
| Debt | SEK 6.7m | SEK 7.3m | SEK 7.5m | SEK 7.4m | SEK 8.7m | SEK 8.9m | SEK 4.4m | SEK 3.8m |
| Shareholders' equity | SEK 123.6m | SEK 123.4m | SEK 138.4m | SEK 126.0m | SEK 95.8m | SEK 114.5m | SEK 143.7m | SEK 138.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.6% | 15.2% | — |
| Operating income | 13.4% | 0.9% | — |
| Net income | 1.8% | 19.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -11.7 | -35.4 | -433.0 | -31.5 | -83.4 | -154.0 | -86.2 |
| Price to sales | 1.4 | 2.3 | 4.5 | 4.4 | 13.2 | 14.7 | 11.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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