N 
3.05
-3.17%
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 2.92bn
FY2018FY2025
Net income
−SEK 117.0m
FY2018FY2025
Free cash flow
−SEK 71.0m
FY2018FY2025
Shareholders' equity
SEK 971.0m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 2.92bn | SEK 3.28bn | SEK 3.46bn | SEK 3.14bn | SEK 2.42bn | SEK 2.30bn | SEK 1.86bn | SEK 1.87bn |
| Research and development | — | SEK 6.0m | SEK 5.0m | SEK 3.0m | SEK 1.0m | — | — | — |
| Operating income | −SEK 23.0m | SEK 145.0m | SEK 128.0m | SEK 176.0m | SEK 126.0m | SEK 160.5m | SEK 52.2m | SEK 17.3m |
| Net income | −SEK 117.0m | −SEK 47.0m | SEK 44.0m | SEK 123.0m | SEK 66.0m | SEK 76.9m | SEK 19.7m | −SEK 675,000 |
| Diluted earnings per share | -2.41 | -0.97 | 0.91 | 2.56 | 1.48 | 2.37 | 0.42 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 2.75bn | SEK 2.97bn | SEK 3.15bn | SEK 3.12bn | SEK 2.13bn | SEK 1.51bn | SEK 1.60bn | SEK 1.54bn |
| Cash and short-term investments | SEK 205.0m | SEK 261.0m | SEK 446.0m | SEK 369.0m | SEK 271.0m | SEK 89.9m | SEK 96.6m | SEK 69.4m |
| Total liabilities | SEK 1.78bn | SEK 1.87bn | SEK 2.01bn | SEK 2.01bn | SEK 1.22bn | SEK 907.7m | SEK 1.04bn | SEK 1.00bn |
| Debt | SEK 1.12bn | SEK 1.01bn | SEK 1.06bn | SEK 1.09bn | SEK 589.0m | SEK 391.0m | SEK 450.9m | SEK 508.7m |
| Shareholders' equity | SEK 971.0m | SEK 1.09bn | SEK 1.13bn | SEK 1.11bn | SEK 912.0m | SEK 603.3m | SEK 562.0m | SEK 540.7m |
| Shares outstanding | 49m | 49m | 49m | 48m | 45m | 33m | 47m | 47m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 46.0m | SEK 59.0m | SEK 241.0m | −SEK 72.0m | SEK 114.0m | SEK 131.3m | SEK 128.1m | SEK 77.9m |
| Capital spending | −SEK 25.0m | −SEK 31.0m | −SEK 13.0m | −SEK 18.0m | −SEK 23.0m | −SEK 3.9m | −SEK 4.7m | −SEK 4.5m |
| Free cash flow | −SEK 71.0m | SEK 28.0m | SEK 228.0m | −SEK 90.0m | SEK 91.0m | SEK 127.4m | SEK 123.4m | SEK 73.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 725.0m | SEK 575.0m | SEK 812.0m | SEK 654.0m | SEK 789.0m | SEK 694.0m | SEK 957.0m | SEK 893.0m |
| Operating income | −SEK 5.0m | −SEK 2.0m | SEK 4.0m | −SEK 68.0m | SEK 29.0m | SEK 12.0m | SEK 56.0m | SEK 34.0m |
| Net income | −SEK 31.0m | −SEK 18.0m | −SEK 48.0m | −SEK 67.0m | SEK 25.0m | −SEK 8.0m | −SEK 58.0m | SEK 8.0m |
| Diluted earnings per share | -0.64 | -0.37 | -0.99 | -1.38 | 0.52 | -0.16 | -1.20 | 0.16 |
| Cash from operations | −SEK 31.0m | −SEK 60.0m | SEK 90.0m | −SEK 45.0m | −SEK 61.0m | −SEK 30.0m | SEK 63.0m | SEK 47.0m |
| Capital spending | −SEK 3.0m | −SEK 1.0m | −SEK 2.0m | −SEK 6.0m | −SEK 1.0m | — | −SEK 6.0m | −SEK 6.0m |
| Free cash flow | −SEK 34.0m | −SEK 61.0m | SEK 88.0m | −SEK 51.0m | −SEK 62.0m | — | SEK 57.0m | SEK 41.0m |
| Total assets | SEK 2.72bn | SEK 2.70bn | SEK 2.75bn | SEK 2.83bn | SEK 2.81bn | SEK 2.84bn | SEK 2.97bn | SEK 3.04bn |
| Cash and short-term investments | SEK 137.0m | SEK 183.0m | SEK 205.0m | SEK 150.0m | SEK 162.0m | SEK 218.0m | SEK 261.0m | SEK 249.0m |
| Debt | SEK 1.09bn | SEK 199.0m | SEK 1.04bn | SEK 1.03bn | SEK 92.0m | SEK 69.0m | SEK 968.0m | SEK 50.0m |
| Shareholders' equity | SEK 932.4m | SEK 961.3m | SEK 971.0m | SEK 1.04bn | SEK 1.11bn | SEK 1.08bn | SEK 1.09bn | SEK 1.15bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.1% | 4.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.0% | 3.3% | 4.1% | — |
| Net margin | -2.6% | 0.0% | 0.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -2.1 | -13.7 | 16.2 | 8.5 | 19.9 |
| Price to sales | 0.1 | 0.2 | 0.2 | 0.3 | 0.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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