M 
8.85
0.00%
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 71.5m
FY2019FY2025
Net income
−SEK 32.6m
FY2019FY2025
Free cash flow
−SEK 75.0m
FY2019FY2025
Shareholders' equity
SEK 33.3m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | SEK 71.5m | SEK 83.6m | SEK 79.0m | SEK 67.6m | SEK 68.9m | SEK 112.4m | SEK 101.7m |
| Research and development | — | SEK 54.7m | SEK 53.5m | SEK 57.4m | SEK 48.5m | SEK 31.9m | — |
| Operating income | −SEK 27.8m | −SEK 61.2m | −SEK 57.2m | −SEK 64.6m | −SEK 39.4m | SEK 4.5m | −SEK 13.1m |
| Net income | −SEK 32.6m | −SEK 59.4m | −SEK 55.6m | −SEK 64.8m | −SEK 28.5m | SEK 3.3m | −SEK 9.3m |
| Diluted earnings per share | -1.86 | -3.45 | -5.05 | -5.88 | -2.59 | 0.35 | -1.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | SEK 79.1m | SEK 121.0m | SEK 105.2m | SEK 160.3m | SEK 212.7m | SEK 98.3m | SEK 76.3m |
| Cash and short-term investments | SEK 42.1m | SEK 62.6m | SEK 59.0m | SEK 111.9m | SEK 169.4m | SEK 50.3m | SEK 33.3m |
| Total liabilities | SEK 45.8m | SEK 74.4m | SEK 51.3m | SEK 50.4m | SEK 39.5m | SEK 35.4m | SEK 41.7m |
| Debt | — | — | — | — | — | — | SEK 9.5m |
| Shareholders' equity | SEK 33.3m | SEK 46.5m | SEK 53.9m | SEK 109.8m | SEK 173.1m | SEK 62.9m | SEK 34.6m |
| Shares outstanding | 18m | 17m | 11m | 11m | 11m | 10m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 37.5m | −SEK 47.7m | −SEK 52.2m | −SEK 55.6m | −SEK 19.3m | −SEK 600,000 | −SEK 15.7m |
| Capital spending | −SEK 37.5m | −SEK 442,000 | −SEK 290,000 | −SEK 2.7m | −SEK 180,000 | −SEK 900,000 | −SEK 1.4m |
| Free cash flow | −SEK 75.0m | −SEK 48.1m | −SEK 52.5m | −SEK 58.3m | −SEK 19.5m | −SEK 1.5m | −SEK 17.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 16.6m | SEK 15.3m | SEK 16.3m | SEK 16.3m | SEK 18.5m | SEK 20.4m | SEK 22.8m | SEK 20.5m |
| Operating income | −SEK 4.5m | −SEK 7.3m | −SEK 5.0m | −SEK 4.0m | −SEK 14.6m | −SEK 8.3m | −SEK 14.8m | −SEK 19.1m |
| Net income | −SEK 4.3m | −SEK 7.8m | −SEK 5.0m | −SEK 3.9m | −SEK 14.6m | −SEK 9.0m | −SEK 14.1m | −SEK 18.8m |
| Diluted earnings per share | -0.24 | -0.43 | -0.28 | -0.22 | -0.83 | -0.51 | -0.82 | -1.09 |
| Cash from operations | −SEK 7.0m | −SEK 2.0m | −SEK 9.0m | −SEK 16.0m | −SEK 14.0m | SEK 3.0m | −SEK 11.0m | −SEK 17.0m |
| Capital spending | — | — | −SEK 9.0m | −SEK 16.0m | — | — | — | — |
| Free cash flow | — | — | −SEK 18.0m | −SEK 32.0m | — | — | — | — |
| Total assets | SEK 60.6m | SEK 68.9m | SEK 79.1m | SEK 80.2m | SEK 80.1m | SEK 96.7m | SEK 121.0m | SEK 111.0m |
| Cash and short-term investments | SEK 32.2m | SEK 39.8m | SEK 42.1m | SEK 51.8m | SEK 49.3m | SEK 64.1m | SEK 62.6m | SEK 73.8m |
| Shareholders' equity | SEK 20.7m | SEK 25.1m | SEK 33.3m | SEK 38.4m | SEK 22.8m | SEK 37.2m | SEK 46.5m | SEK 60.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.9% | -8.7% | — |
| Operating income | -24.5% | — | — |
| Net income | -20.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -57.4% | -69.9% | -50.9% | — |
| Net margin | -59.3% | -70.4% | -49.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -5.9 | -3.9 | -2.0 | -2.5 | -13.6 |
| Price to sales | 2.7 | 2.8 | 1.4 | 2.4 | 5.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.