N
10.10
+1.71%
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 36.1m
FY2016FY2025
Net income
−SEK 11.4m
FY2016FY2025
Free cash flow
−SEK 26.2m
FY2016FY2025
Shareholders' equity
SEK 101.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 36.1m | SEK 24.4m | SEK 29.3m | SEK 2.9m | SEK 2.4m | SEK 2.4m | SEK 1.7m | SEK 318,840 | SEK 105,000 | SEK 280,000 |
| Research and development | SEK 13.6m | SEK 5.3m | SEK 9.1m | SEK 6.4m | SEK 13.7m | SEK 2.7m | SEK 1.6m | SEK 1.1m | SEK 881,688 | SEK 723,174 |
| Operating income | −SEK 15.5m | −SEK 26.1m | −SEK 76.6m | −SEK 58.0m | −SEK 35.8m | −SEK 18.8m | −SEK 12.7m | −SEK 11.0m | −SEK 7.8m | −SEK 6.3m |
| Net income | −SEK 11.4m | −SEK 24.9m | −SEK 76.4m | −SEK 58.6m | −SEK 36.0m | −SEK 21.7m | −SEK 12.9m | −SEK 11.2m | −SEK 8.0m | −SEK 6.3m |
| Diluted earnings per share | -0.06 | -0.18 | -0.78 | -1.16 | -0.86 | -0.94 | -0.78 | -0.93 | -0.86 | -0.71 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 138.1m | SEK 91.8m | SEK 132.3m | SEK 170.2m | SEK 165.0m | SEK 53.7m | SEK 35.4m | SEK 27.9m | SEK 33.2m | SEK 20.6m |
| Cash and short-term investments | SEK 44.6m | SEK 10.3m | SEK 65.2m | SEK 81.2m | SEK 105.7m | SEK 12.7m | SEK 11.4m | SEK 10.8m | SEK 21.8m | SEK 13.2m |
| Total liabilities | SEK 36.6m | SEK 20.9m | SEK 36.4m | SEK 61.1m | SEK 13.7m | SEK 10.3m | SEK 10.6m | SEK 11.6m | SEK 5.7m | SEK 3.6m |
| Debt | SEK 2.2m | SEK 3.7m | SEK 4.0m | SEK 6.3m | SEK 3.8m | SEK 3.9m | SEK 5.2m | SEK 5.8m | SEK 3.5m | SEK 1.9m |
| Shareholders' equity | SEK 101.5m | SEK 70.9m | SEK 95.8m | SEK 109.1m | SEK 151.3m | SEK 43.4m | SEK 24.9m | SEK 16.3m | SEK 27.5m | SEK 17.0m |
| Shares outstanding | 185m | 136m | 98m | 51m | 42m | 23m | 17m | 12m | 9m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 1.5m | −SEK 26.4m | −SEK 42.7m | −SEK 7.9m | −SEK 25.1m | −SEK 16.8m | −SEK 9.4m | −SEK 6.8m | −SEK 5.1m | −SEK 6.4m |
| Capital spending | −SEK 24.7m | −SEK 28.1m | −SEK 34.2m | −SEK 35.4m | −SEK 25.8m | −SEK 20.8m | −SEK 10.7m | −SEK 6.6m | −SEK 6.5m | −SEK 2.4m |
| Free cash flow | −SEK 26.2m | −SEK 54.5m | −SEK 76.9m | −SEK 43.3m | −SEK 50.9m | −SEK 37.6m | −SEK 20.1m | −SEK 13.3m | −SEK 11.5m | −SEK 8.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 1.7m | SEK 1.6m | SEK 30.1m | SEK 477,000 | SEK 2.7m | SEK 2.9m | SEK 4.5m | SEK 6.4m |
| Operating income | −SEK 13.8m | −SEK 13.5m | SEK 17.2m | −SEK 12.0m | −SEK 5.2m | −SEK 8.2m | −SEK 12.0m | −SEK 4.6m |
| Net income | −SEK 14.0m | −SEK 14.0m | SEK 16.0m | −SEK 12.5m | −SEK 5.9m | −SEK 9.0m | −SEK 11.6m | −SEK 4.4m |
| Diluted earnings per share | -0.07 | -0.07 | 0.09 | -0.07 | -0.03 | -0.05 | -0.09 | -0.03 |
| Cash from operations | −SEK 9.0m | −SEK 5.0m | SEK 17.0m | −SEK 9.0m | −SEK 2.0m | −SEK 6.0m | −SEK 12.0m | −SEK 6.0m |
| Capital spending | −SEK 4.0m | −SEK 5.0m | −SEK 5.0m | −SEK 5.0m | −SEK 7.0m | −SEK 6.0m | −SEK 7.0m | −SEK 5.0m |
| Free cash flow | −SEK 13.0m | −SEK 10.0m | SEK 12.0m | −SEK 14.0m | −SEK 9.0m | −SEK 12.0m | −SEK 19.0m | −SEK 11.0m |
| Total assets | SEK 154.7m | SEK 166.7m | SEK 138.1m | SEK 114.1m | SEK 126.6m | SEK 132.1m | SEK 91.8m | SEK 103.5m |
| Cash and short-term investments | SEK 52.6m | SEK 73.0m | SEK 44.6m | SEK 24.8m | SEK 40.3m | SEK 49.2m | SEK 10.3m | SEK 29.0m |
| Debt | SEK 795,000 | SEK 987,000 | SEK 1.1m | SEK 21.4m | SEK 21.6m | SEK 21.9m | SEK 3.7m | SEK 1.2m |
| Shareholders' equity | SEK 132.9m | SEK 127.1m | SEK 101.5m | SEK 77.3m | SEK 89.9m | SEK 94.2m | SEK 70.9m | SEK 82.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 132.9% | 72.5% | 49.3% |
| Operating income | -35.6% | -3.8% | 14.4% |
| Net income | -42.1% | -12.1% | 10.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -68.6% | -190.0% | -236.8% | -271.2% |
| Net margin | -60.0% | -184.8% | -235.0% | -270.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -72.2 | -11.8 | -1.6 | -1.1 | -2.2 | -5.5 | -5.8 | -3.8 | -2.9 | -4.8 |
| Price to sales | 22.8 | 12.0 | 4.1 | 22.9 | 33.1 | 50.5 | 43.8 | 132.3 | 219.4 | 108.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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