N 
0.48
-0.83%
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
—
FY2016FY2025
Net income
−SEK 11.0m
FY2016FY2025
Free cash flow
−SEK 23.9m
FY2016FY2025
Shareholders' equity
SEK 75.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | SEK 625,000 | SEK 31,000 | SEK 16,000 | SEK 575,000 | SEK 5.0m | SEK 2.2m |
| Research and development | — | — | SEK 160,000 | SEK 200,000 | — | — | — | — | — | — |
| Operating income | −SEK 11.1m | −SEK 11.1m | −SEK 9.6m | −SEK 10.4m | −SEK 7.4m | −SEK 7.9m | −SEK 3.2m | −SEK 1.3m | −SEK 5.4m | −SEK 3.8m |
| Net income | −SEK 11.0m | −SEK 10.1m | −SEK 9.0m | −SEK 10.4m | −SEK 6.7m | −SEK 6.7m | −SEK 2.6m | −SEK 761,000 | −SEK 5.1m | −SEK 3.8m |
| Diluted earnings per share | -0.14 | -0.14 | -0.16 | -0.25 | -0.37 | -0.09 | -0.03 | -0.01 | -0.38 | -0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 78.8m | SEK 73.6m | SEK 86.0m | SEK 75.3m | SEK 43.8m | SEK 26.0m | SEK 12.2m | SEK 14.0m | SEK 19.3m | SEK 20.5m |
| Cash and short-term investments | SEK 16.1m | SEK 19.6m | SEK 21.6m | SEK 40.1m | SEK 22.9m | SEK 16.6m | SEK 5.4m | SEK 9.9m | SEK 8.4m | SEK 11.0m |
| Total liabilities | SEK 3.0m | SEK 4.6m | SEK 7.0m | SEK 7.8m | SEK 3.2m | SEK 2.4m | SEK 1.5m | SEK 671,000 | SEK 5.0m | SEK 3.7m |
| Shareholders' equity | SEK 75.8m | SEK 69.0m | SEK 79.0m | SEK 67.5m | SEK 40.6m | SEK 23.5m | SEK 10.7m | SEK 13.3m | SEK 14.4m | SEK 16.8m |
| Shares outstanding | 78m | 70m | 56m | 41m | 18m | 78m | 78m | 78m | 13m | 13m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 12.0m | −SEK 10.8m | −SEK 6.5m | −SEK 8.5m | −SEK 6.9m | −SEK 6.1m | −SEK 2.1m | −SEK 1.3m | −SEK 1.1m | −SEK 4.4m |
| Capital spending | −SEK 12.0m | −SEK 11.2m | −SEK 12.3m | −SEK 11.6m | −SEK 10.5m | −SEK 2.2m | −SEK 2.4m | −SEK 1.4m | — | — |
| Free cash flow | −SEK 23.9m | −SEK 22.0m | −SEK 18.8m | −SEK 20.1m | −SEK 17.4m | −SEK 8.3m | −SEK 4.5m | −SEK 2.7m | −SEK 1.1m | −SEK 4.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −SEK 3.7m | −SEK 3.6m | −SEK 2.5m | −SEK 2.8m | −SEK 3.0m | −SEK 2.7m | −SEK 2.7m | −SEK 2.5m |
| Net income | −SEK 3.7m | −SEK 3.6m | −SEK 2.7m | −SEK 2.8m | −SEK 3.0m | −SEK 2.6m | −SEK 2.6m | −SEK 2.3m |
| Diluted earnings per share | -0.05 | -0.05 | -0.03 | -0.04 | -0.04 | -0.03 | -0.04 | -0.03 |
| Cash from operations | −SEK 2.0m | −SEK 3.0m | −SEK 2.0m | −SEK 2.0m | −SEK 3.0m | −SEK 2.0m | −SEK 2.0m | −SEK 5.0m |
| Capital spending | — | — | −SEK 2.0m | −SEK 2.0m | −SEK 3.0m | — | −SEK 2.0m | −SEK 5.0m |
| Free cash flow | — | — | −SEK 4.0m | −SEK 4.0m | −SEK 6.0m | — | −SEK 4.0m | −SEK 10.0m |
| Total assets | SEK 104.4m | SEK 75.3m | SEK 78.8m | SEK 82.6m | SEK 85.3m | SEK 88.9m | SEK 73.6m | SEK 76.6m |
| Cash and short-term investments | SEK 4.0m | SEK 10.0m | SEK 16.1m | SEK 22.1m | SEK 26.5m | SEK 32.7m | SEK 19.6m | SEK 24.2m |
| Shareholders' equity | SEK 97.6m | SEK 72.2m | SEK 75.8m | SEK 78.5m | SEK 81.2m | SEK 84.2m | SEK 69.0m | SEK 71.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 2.3% | 7.2% | — |
| Net income | 2.1% | 10.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -7.5 | -14.1 | -12.1 | -5.3 | -4.5 | -33.3 |
| Price to sales | — | — | — | — | 48.2 | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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