M 
5.08
+4.53%
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 1.08bn
FY2016FY2025
Net income
SEK 38.6m
FY2016FY2025
Free cash flow
SEK 64.0m
FY2016FY2025
Shareholders' equity
SEK 91.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 1.08bn | SEK 1.07bn | SEK 1.04bn | SEK 851.5m | SEK 402.5m | SEK 330.5m | SEK 955.7m | SEK 1.10bn | SEK 1.02bn | SEK 849.7m |
| Operating income | SEK 57.0m | −SEK 23.0m | SEK 67.1m | SEK 63.1m | SEK 82.6m | −SEK 193.3m | −SEK 45.0m | −SEK 34.8m | SEK 29.4m | −SEK 7.9m |
| Net income | SEK 38.6m | −SEK 43.6m | SEK 44.5m | SEK 44.9m | SEK 47.4m | −SEK 212.6m | −SEK 61.8m | −SEK 36.9m | SEK 22.1m | −SEK 6.5m |
| Diluted earnings per share | 1.52 | -1.72 | 1.90 | 1.86 | 0.10 | -0.96 | -0.35 | -0.28 | 0.17 | -0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 985.0m | SEK 976.9m | SEK 1.04bn | SEK 1.11bn | SEK 907.3m | SEK 737.5m | SEK 1.01bn | SEK 587.0m | SEK 529.5m | SEK 455.0m |
| Cash and short-term investments | SEK 173.0m | SEK 111.0m | SEK 108.4m | SEK 190.6m | SEK 137.8m | SEK 26.0m | SEK 77.3m | SEK 37.7m | SEK 77.3m | SEK 84.1m |
| Total liabilities | SEK 893.0m | SEK 922.3m | SEK 940.5m | SEK 1.06bn | SEK 911.3m | SEK 843.9m | SEK 914.3m | SEK 473.4m | SEK 383.0m | SEK 330.7m |
| Debt | SEK 555.0m | SEK 590.5m | SEK 555.2m | SEK 530.1m | SEK 522.5m | SEK 623.6m | SEK 617.6m | SEK 196.0m | SEK 49.1m | — |
| Shareholders' equity | SEK 91.0m | SEK 53.5m | SEK 94.0m | SEK 40.8m | −SEK 4.4m | −SEK 106.5m | SEK 97.0m | SEK 117.6m | SEK 146.5m | SEK 124.3m |
| Shares outstanding | 25m | 25m | 23m | 24m | 490m | 220m | 178m | 129m | 129m | 129m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 86.0m | SEK 78.0m | SEK 54.2m | SEK 93.2m | SEK 88.1m | −SEK 45.0m | SEK 66.6m | −SEK 110.4m | SEK 9.1m | −SEK 3.5m |
| Capital spending | −SEK 22.0m | −SEK 13.7m | −SEK 39.0m | −SEK 11.2m | −SEK 1.3m | −SEK 1.4m | −SEK 11.0m | −SEK 35.1m | −SEK 27.8m | −SEK 28.1m |
| Free cash flow | SEK 64.0m | SEK 64.3m | SEK 15.2m | SEK 82.0m | SEK 86.8m | −SEK 46.5m | SEK 55.6m | −SEK 145.4m | −SEK 18.7m | −SEK 31.7m |
| Dividends paid | — | — | — | — | — | — | — | −SEK 6.6m | −SEK 6.6m | −SEK 21.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 201.0m | SEK 284.0m | SEK 430.0m | SEK 188.0m | SEK 161.0m | SEK 306.0m | SEK 333.0m | SEK 228.0m |
| Operating income | −SEK 31.0m | −SEK 6.0m | SEK 70.0m | −SEK 24.0m | −SEK 26.0m | SEK 2.0m | SEK 17.0m | −SEK 18.0m |
| Net income | −SEK 38.0m | −SEK 11.0m | SEK 107.0m | −SEK 30.0m | −SEK 32.0m | −SEK 6.0m | SEK 11.0m | −SEK 27.0m |
| Diluted earnings per share | -1.50 | -0.43 | 4.23 | -1.19 | -1.26 | -0.24 | 0.43 | -1.07 |
| Cash from operations | −SEK 30.0m | −SEK 49.0m | SEK 58.0m | SEK 29.0m | SEK 19.0m | −SEK 19.0m | SEK 72.0m | SEK 13.0m |
| Capital spending | −SEK 2.0m | −SEK 3.0m | −SEK 6.0m | −SEK 6.0m | −SEK 8.0m | −SEK 1.0m | — | −SEK 4.0m |
| Free cash flow | −SEK 32.0m | −SEK 52.0m | SEK 52.0m | SEK 23.0m | SEK 11.0m | −SEK 20.0m | — | SEK 9.0m |
| Total assets | SEK 834.0m | SEK 911.0m | SEK 985.0m | SEK 955.0m | SEK 946.0m | SEK 992.0m | SEK 976.9m | SEK 1.14bn |
| Cash and short-term investments | SEK 43.0m | SEK 88.0m | SEK 173.0m | SEK 73.0m | SEK 68.0m | SEK 70.0m | SEK 111.0m | SEK 72.0m |
| Debt | SEK 177.0m | SEK 178.0m | SEK 555.5m | SEK 570.0m | SEK 589.0m | SEK 595.0m | SEK 590.0m | SEK 611.0m |
| Shareholders' equity | SEK 40.0m | SEK 79.0m | SEK 91.0m | −SEK 15.0m | SEK 14.0m | SEK 46.0m | SEK 53.5m | SEK 43.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.4% | 26.8% | 1.7% |
| Operating income | -3.3% | — | 4.3% |
| Net income | -4.9% | — | 2.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.6% | 4.1% | 1.1% | 0.3% |
| Net margin | -0.2% | 2.1% | -1.7% | -1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 3.7 | -5.1 | 6.6 | 6.0 | 147.2 | -2.0 | -7.0 | -25.3 | 38.8 | -146.4 |
| Price to sales | 0.1 | 0.2 | 0.3 | 0.3 | 17.4 | 1.3 | 0.5 | 0.8 | 0.8 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 May 2018.
| FY2018 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.031 | 3.363 | 4.933 | 4.484 | 1.345 | 0.538 | 0.852 | 1.233 |
- 20-to-1 reverse split · 16 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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