N 
7.30
+2.53%
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 222.6m
FY2016FY2025
Net income
−SEK 34.0m
FY2016FY2025
Free cash flow
−SEK 13.7m
FY2016FY2025
Shareholders' equity
SEK 33.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 222.6m | SEK 268.5m | SEK 293.1m | SEK 312.1m | SEK 295.5m | SEK 258.8m | SEK 263.1m | SEK 241.5m | SEK 213.1m | SEK 184.4m |
| Research and development | SEK 14.0m | SEK 15.8m | SEK 13.8m | SEK 10.9m | SEK 10.0m | SEK 9.5m | SEK 7.0m | SEK 4.9m | — | — |
| Operating income | −SEK 28.9m | −SEK 2.9m | −SEK 15.9m | SEK 19.7m | SEK 41.6m | SEK 12.5m | −SEK 22.9m | −SEK 13.3m | −SEK 20.4m | SEK 506,261 |
| Net income | −SEK 34.0m | −SEK 2.1m | −SEK 14.4m | SEK 17.5m | SEK 38.6m | SEK 13.1m | −SEK 22.9m | −SEK 13.9m | −SEK 20.5m | −SEK 852,214 |
| Diluted earnings per share | -4.33 | -0.27 | -1.83 | 2.22 | 4.92 | 1.67 | -2.91 | -1.77 | -2.83 | -0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 98.5m | SEK 157.6m | SEK 179.2m | SEK 211.1m | SEK 196.7m | SEK 167.2m | SEK 133.9m | SEK 138.1m | SEK 101.4m | SEK 110.6m |
| Cash and short-term investments | SEK 14.5m | SEK 41.1m | SEK 38.4m | SEK 63.8m | SEK 85.1m | SEK 69.5m | SEK 14.6m | SEK 45.2m | SEK 22.8m | SEK 54.5m |
| Total liabilities | SEK 64.8m | SEK 83.3m | SEK 92.7m | SEK 101.4m | SEK 93.9m | SEK 102.1m | SEK 83.5m | SEK 63.4m | SEK 51.4m | SEK 40.5m |
| Debt | — | — | — | SEK 25.5m | SEK 27.7m | SEK 25.3m | SEK 26.4m | −SEK 18.0m | −SEK 13.8m | −SEK 6.7m |
| Shareholders' equity | SEK 33.6m | SEK 74.3m | SEK 86.5m | SEK 109.7m | SEK 102.8m | SEK 65.1m | SEK 50.5m | SEK 74.8m | SEK 50.1m | SEK 70.8m |
| Shares outstanding | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 7m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 13.7m | SEK 15.3m | SEK 6.1m | SEK 15.9m | SEK 26.1m | SEK 63.9m | −SEK 17.7m | −SEK 4.4m | −SEK 19.7m | −SEK 804,844 |
| Capital spending | −SEK 4,000 | −SEK 2.8m | −SEK 21.9m | −SEK 27.4m | −SEK 11.5m | −SEK 8.0m | −SEK 13.1m | −SEK 10.2m | −SEK 12.1m | −SEK 9.0m |
| Free cash flow | −SEK 13.7m | SEK 12.4m | −SEK 15.8m | −SEK 11.5m | SEK 14.7m | SEK 55.9m | −SEK 30.8m | −SEK 14.6m | −SEK 31.8m | −SEK 9.8m |
| Dividends paid | −SEK 9.7m | −SEK 9.7m | −SEK 9.7m | −SEK 9.7m | −SEK 9.7m | −SEK 9.7m | −SEK 9.7m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 52.7m | SEK 53.2m | SEK 59.9m | SEK 48.9m | SEK 54.8m | SEK 59.0m | SEK 70.5m | SEK 60.4m |
| Operating income | −SEK 4.6m | −SEK 3.0m | SEK 3.5m | −SEK 4.2m | −SEK 14.4m | −SEK 12.9m | −SEK 2.0m | −SEK 1.1m |
| Net income | −SEK 5.5m | −SEK 2.9m | SEK 2.2m | −SEK 5.3m | −SEK 16.0m | −SEK 14.9m | −SEK 621,000 | −SEK 2.2m |
| Diluted earnings per share | -0.70 | -0.37 | 0.28 | -0.68 | -2.03 | -1.90 | -0.08 | -0.28 |
| Cash from operations | SEK 1.0m | SEK 1.0m | SEK 2.0m | −SEK 12.0m | −SEK 6.0m | SEK 3.0m | SEK 11.0m | SEK 4.0m |
| Capital spending | — | — | — | — | −SEK 6.0m | −SEK 3.0m | — | — |
| Free cash flow | — | — | — | — | −SEK 12.0m | SEK 0 | — | — |
| Total assets | SEK 81.0m | SEK 91.7m | SEK 98.5m | SEK 101.2m | SEK 115.4m | SEK 125.5m | SEK 157.6m | SEK 141.4m |
| Cash and short-term investments | SEK 17.3m | SEK 16.1m | SEK 14.5m | SEK 22.6m | SEK 25.2m | SEK 44.1m | SEK 41.1m | SEK 29.8m |
| Debt | — | — | — | — | — | — | — | −SEK 16.3m |
| Shareholders' equity | SEK 24.4m | SEK 30.2m | SEK 33.6m | SEK 31.0m | SEK 36.2m | SEK 61.1m | SEK 74.3m | SEK 75.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.7% | -3.0% | 3.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -6.5% | -2.6% | 1.6% | -1.0% |
| Net margin | -7.4% | -3.0% | 1.1% | -1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.1 | -42.9 | -9.4 | 10.1 | 10.7 | 14.2 | -4.5 | -19.5 | -15.0 | -577.4 |
| Price to sales | 0.3 | 0.3 | 0.5 | 0.6 | 1.4 | 0.7 | 0.4 | 1.1 | 1.4 | 2.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 24 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 2.46 | 1.23 | 1.79 | 1.23 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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