M 
10.34
-0.58%
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 13.5m
FY2016FY2025
Net income
−SEK 27.2m
FY2016FY2025
Free cash flow
−SEK 35.0m
FY2016FY2025
Shareholders' equity
SEK 665.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 13.5m | SEK 9.8m | SEK 273.2m | SEK 209.7m | SEK 33.7m | SEK 30.8m | SEK 439.0m | SEK 439.0m | SEK 334.3m |
| Research and development | SEK 3.5m | SEK 302.2m | SEK 2.4m | SEK 21.9m | SEK 24.0m | — | SEK 58.3m | SEK 49.0m | SEK 42.7m |
| Operating income | −SEK 28.0m | −SEK 324.8m | −SEK 28.5m | −SEK 19.7m | −SEK 21.7m | SEK 12.9m | SEK 64.8m | SEK 51.1m | SEK 62.2m |
| Net income | −SEK 27.2m | −SEK 255.1m | −SEK 21.1m | −SEK 16.2m | −SEK 19.0m | SEK 8.0m | SEK 19.8m | SEK 11.2m | SEK 32.7m |
| Diluted earnings per share | -0.58 | -5.34 | -0.75 | -0.35 | -9.45 | 4.23 | 1.01 | 0.57 | 2.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 682.3m | SEK 706.1m | SEK 634.7m | SEK 450.9m | SEK 480.6m | SEK 130.6m | SEK 1.25bn | SEK 1.22bn | SEK 1.23bn |
| Cash and short-term investments | SEK 230.9m | SEK 293.3m | SEK 60.6m | SEK 102.0m | SEK 131.0m | SEK 30.8m | SEK 110.1m | SEK 118.7m | SEK 85.4m |
| Total liabilities | SEK 17.0m | SEK 19.3m | SEK 24.0m | SEK 16.8m | SEK 85.0m | SEK 24.9m | SEK 657.6m | SEK 670.8m | SEK 670.6m |
| Debt | SEK 2.5m | SEK 4.1m | SEK 4.7m | SEK 18.9m | SEK 20.1m | SEK 3.3m | SEK 594.5m | SEK 591.8m | SEK 589.0m |
| Shareholders' equity | SEK 665.2m | SEK 686.8m | SEK 610.7m | SEK 434.1m | SEK 387.9m | SEK 105.7m | SEK 594.0m | SEK 552.4m | SEK 561.6m |
| Shares outstanding | 47m | 48m | 28m | 47m | 2m | 2m | 20m | 20m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 17.5m | −SEK 16.5m | −SEK 33.2m | −SEK 15.3m | −SEK 29.9m | SEK 4.0m | SEK 73.9m | SEK 53.8m | −SEK 17.9m |
| Capital spending | −SEK 17.5m | −SEK 73.6m | −SEK 124.1m | −SEK 31.3m | −SEK 33.5m | −SEK 2.9m | −SEK 83.6m | −SEK 19.7m | −SEK 680.7m |
| Free cash flow | −SEK 35.0m | −SEK 90.0m | −SEK 157.3m | −SEK 46.6m | −SEK 63.4m | SEK 1.1m | −SEK 9.8m | SEK 34.1m | −SEK 698.6m |
| Dividends paid | — | — | — | — | −SEK 558.3m | — | −SEK 576.8m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 5.8m | SEK 4.9m | SEK 2.1m | SEK 4.0m | SEK 3.6m | SEK 3.9m | SEK 1.0m | SEK 3.9m |
| Operating income | −SEK 4.7m | −SEK 4.4m | −SEK 7.4m | −SEK 6.0m | −SEK 9.7m | −SEK 4.1m | −SEK 308.1m | −SEK 3.3m |
| Net income | −SEK 3.3m | −SEK 1.3m | −SEK 12.8m | −SEK 4.3m | −SEK 7.4m | −SEK 2.8m | −SEK 243.3m | −SEK 1.3m |
| Diluted earnings per share | -0.07 | -0.03 | -0.27 | -0.09 | -0.16 | -0.06 | -5.09 | -0.03 |
| Cash from operations | −SEK 3.0m | −SEK 3.0m | SEK 1.0m | −SEK 8.0m | −SEK 2.0m | −SEK 8.0m | SEK 3.0m | −SEK 6.0m |
| Capital spending | −SEK 6.0m | −SEK 4.0m | −SEK 1.0m | −SEK 9.0m | −SEK 11.0m | −SEK 15.0m | −SEK 18.0m | −SEK 20.0m |
| Free cash flow | −SEK 9.0m | −SEK 7.0m | SEK 0 | −SEK 17.0m | −SEK 13.0m | −SEK 23.0m | −SEK 15.0m | −SEK 26.0m |
| Total assets | SEK 681.4m | SEK 683.5m | SEK 682.3m | SEK 693.7m | SEK 709.4m | SEK 702.9m | SEK 706.1m | SEK 945.3m |
| Cash and short-term investments | SEK 212.4m | SEK 222.5m | SEK 230.9m | SEK 236.2m | SEK 254.7m | SEK 268.9m | SEK 293.3m | SEK 309.0m |
| Debt | SEK 1.7m | SEK 1.7m | SEK 1.7m | SEK 220.4m | SEK 221.2m | SEK 214.3m | SEK 226.2m | SEK 277.7m |
| Shareholders' equity | SEK 662.9m | SEK 665.1m | SEK 665.2m | SEK 676.9m | SEK 679.7m | SEK 685.5m | SEK 686.8m | SEK 928.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 302.9% | -16.7% | -26.3% |
| Operating income | 10.9% | 5.2% | — |
| Net income | 20.1% | 7.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1511.1% | -135.4% | -82.1% | -10.5% |
| Net margin | -1209.2% | -107.6% | -65.6% | -12.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -17.7 | -1.9 | -4.7 | -2.9 | -19.7 | -0.8 | 3.9 | 9.8 | 11.3 | 6.5 |
| Price to sales | 35.6 | 49.5 | 0.4 | 217.8 | 1.5 | 0.4 | 1.0 | 0.5 | 0.3 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 24 May 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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