M 
1.45
+20.83%
Close of 9 Nov 2026, in SEK
Search any instrument
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 8.5m
FY2016FY2025
Net income
−SEK 94.4m
FY2016FY2025
Free cash flow
−SEK 73.3m
FY2016FY2025
Shareholders' equity
SEK 264.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 8.5m | SEK 3.5m | SEK 7.6m | SEK 4.4m | SEK 25.5m | SEK 13.9m | SEK 8.7m | SEK 23.9m | SEK 36.6m | SEK 93.0m |
| Research and development | — | — | — | — | — | — | — | — | — | SEK 307.1m |
| Operating income | −SEK 93.0m | −SEK 128.1m | −SEK 92.8m | −SEK 88.6m | −SEK 64.4m | −SEK 42.9m | −SEK 126.0m | −SEK 351.0m | −SEK 362.8m | −SEK 312.4m |
| Net income | −SEK 94.4m | −SEK 123.3m | −SEK 89.3m | −SEK 88.8m | −SEK 63.1m | −SEK 41.0m | −SEK 123.4m | −SEK 350.3m | −SEK 360.2m | SEK 282.9m |
| Diluted earnings per share | -0.21 | -1.10 | -0.14 | -0.14 | -0.10 | -1.39 | -4.17 | -12.01 | -13.43 | 8.60 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 306.4m | SEK 172.6m | SEK 287.9m | SEK 234.2m | SEK 335.8m | SEK 191.5m | SEK 293.5m | SEK 419.4m | SEK 616.2m | SEK 1.92bn |
| Cash and short-term investments | — | — | — | — | — | SEK 70.0m | SEK 134.5m | SEK 286.3m | SEK 467.8m | SEK 1.70bn |
| Total liabilities | SEK 41.9m | SEK 57.1m | SEK 70.0m | SEK 41.4m | SEK 54.7m | SEK 49.6m | SEK 109.0m | SEK 111.7m | SEK 102.1m | SEK 188.6m |
| Debt | — | — | — | — | — | SEK 16.5m | SEK 43.9m | — | — | — |
| Shareholders' equity | SEK 264.5m | SEK 115.5m | SEK 217.9m | SEK 192.8m | SEK 281.1m | SEK 141.9m | SEK 184.5m | SEK 307.6m | SEK 514.1m | SEK 1.73bn |
| Shares outstanding | 449m | 112m | 618m | 618m | 618m | 30m | 30m | 29m | 27m | 33m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 73.3m | −SEK 124.2m | −SEK 59.7m | −SEK 101.8m | −SEK 48.7m | −SEK 58.1m | −SEK 148.3m | −SEK 318.6m | −SEK 358.5m | −SEK 182.3m |
| Capital spending | — | — | −SEK 261,000 | −SEK 382,000 | — | −SEK 2.7m | −SEK 1.4m | −SEK 6.8m | −SEK 13.5m | −SEK 106.3m |
| Free cash flow | −SEK 73.3m | −SEK 124.2m | −SEK 59.9m | −SEK 102.2m | −SEK 48.7m | −SEK 60.7m | −SEK 149.7m | −SEK 325.5m | −SEK 372.0m | −SEK 288.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 1.2m | SEK 1.0m | SEK 5.5m | SEK 900,000 | SEK 1.5m | SEK 600,000 | SEK 1.0m | SEK 900,000 |
| Operating income | −SEK 21.2m | −SEK 9.5m | −SEK 43.2m | −SEK 13.7m | −SEK 23.2m | −SEK 13.4m | −SEK 27.1m | −SEK 35.7m |
| Net income | −SEK 20.1m | −SEK 9.4m | −SEK 43.2m | −SEK 14.6m | −SEK 23.3m | −SEK 13.3m | −SEK 26.7m | −SEK 34.6m |
| Diluted earnings per share | -0.03 | -0.02 | -0.10 | -0.03 | -0.05 | -0.03 | -0.24 | -0.31 |
| Cash from operations | −SEK 18.0m | −SEK 13.0m | −SEK 6.0m | −SEK 14.0m | −SEK 26.0m | −SEK 26.0m | −SEK 29.0m | −SEK 33.0m |
| Total assets | SEK 331.2m | SEK 226.0m | SEK 197.2m | SEK 130.9m | SEK 146.9m | SEK 144.0m | SEK 172.6m | SEK 204.2m |
| Shareholders' equity | SEK 295.8m | SEK 191.0m | SEK 155.2m | SEK 65.3m | SEK 79.6m | SEK 102.6m | SEK 115.5m | SEK 141.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.5% | -9.4% | -35.3% |
| Operating income | 1.6% | 16.7% | — |
| Net income | 2.1% | 18.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1843.5% | -1674.4% | -802.5% | -175.1% |
| Net margin | -1815.8% | -1647.0% | -787.2% | -110.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.9 | -1.2 | -9.3 | -14.3 | -22.8 | -1.0 | -0.5 | -0.2 | -0.4 | 1.2 |
| Price to sales | 21.6 | 42.9 | 108.2 | 288.7 | 56.4 | 3.0 | 7.2 | 3.2 | 3.9 | 3.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 16 May 2023
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.