N 
2.53
+1.20%
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 192.2m
FY2016FY2025
Net income
−SEK 16.5m
FY2016FY2025
Free cash flow
SEK 7.2m
FY2016FY2025
Shareholders' equity
SEK 168.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 192.2m | SEK 199.6m | SEK 190.3m | SEK 221.8m | SEK 219.5m | SEK 165.8m | SEK 130.1m | SEK 109.8m | SEK 18.7m | SEK 8.3m |
| Research and development | — | — | — | SEK 1.0m | SEK 517,000 | SEK 258,000 | SEK 493,000 | SEK 645,000 | SEK 5.7m | SEK 4.1m |
| Operating income | −SEK 13.0m | −SEK 7.3m | −SEK 20.6m | −SEK 11.9m | −SEK 4.3m | −SEK 5.3m | −SEK 17.3m | −SEK 15.7m | −SEK 22.8m | −SEK 21.9m |
| Net income | −SEK 16.5m | −SEK 9.0m | −SEK 22.8m | −SEK 12.7m | −SEK 5.5m | −SEK 8.1m | −SEK 17.1m | −SEK 17.2m | −SEK 5.7m | −SEK 22.1m |
| Diluted earnings per share | -0.20 | -0.11 | -0.28 | -0.16 | -0.07 | -0.11 | -0.25 | -0.25 | -0.09 | -0.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 226.0m | SEK 231.1m | SEK 245.8m | SEK 278.1m | SEK 284.3m | SEK 250.3m | SEK 227.8m | SEK 247.7m | SEK 281.8m | SEK 173.9m |
| Cash and short-term investments | SEK 12.2m | SEK 2.9m | SEK 9.1m | SEK 22.9m | SEK 63.6m | SEK 29.8m | SEK 23.1m | SEK 53.7m | SEK 86.4m | SEK 133.1m |
| Total liabilities | SEK 57.8m | SEK 47.8m | SEK 52.8m | SEK 62.5m | SEK 56.3m | SEK 63.1m | SEK 73.1m | SEK 77.1m | SEK 94.2m | SEK 9.7m |
| Debt | SEK 28.2m | SEK 23.1m | SEK 26.2m | SEK 31.8m | SEK 27.9m | SEK 40.3m | SEK 49.8m | SEK 51.0m | SEK 65.9m | SEK 3.3m |
| Shareholders' equity | SEK 168.2m | SEK 183.3m | SEK 193.1m | SEK 215.6m | SEK 228.1m | SEK 187.2m | SEK 154.7m | SEK 170.6m | SEK 187.5m | SEK 164.2m |
| Shares outstanding | 81m | 81m | 81m | 81m | 81m | 76m | 68m | 68m | 65m | 65m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 11.3m | SEK 7.4m | −SEK 352,000 | −SEK 11.1m | SEK 7.2m | −SEK 16.9m | −SEK 21.3m | −SEK 12.9m | −SEK 18.5m | −SEK 17.6m |
| Capital spending | −SEK 4.1m | −SEK 9.9m | −SEK 4.5m | −SEK 33.1m | −SEK 6.7m | −SEK 6.6m | −SEK 10.7m | −SEK 5.5m | −SEK 3.9m | −SEK 2.1m |
| Free cash flow | SEK 7.2m | −SEK 2.5m | −SEK 4.9m | −SEK 44.2m | SEK 516,000 | −SEK 23.5m | −SEK 32.0m | −SEK 18.4m | −SEK 22.4m | −SEK 19.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 60.0m | SEK 43.9m | SEK 43.2m | SEK 45.5m | SEK 54.3m | SEK 49.3m | SEK 48.6m | SEK 44.1m |
| Operating income | SEK 555,000 | −SEK 5.3m | −SEK 4.1m | −SEK 3.4m | −SEK 2.8m | −SEK 2.8m | −SEK 2.5m | −SEK 2.5m |
| Net income | −SEK 131,000 | −SEK 6.2m | −SEK 5.2m | −SEK 3.9m | −SEK 3.3m | −SEK 4.1m | −SEK 3.0m | −SEK 2.7m |
| Diluted earnings per share | -0.00 | -0.06 | -0.06 | -0.05 | -0.04 | -0.05 | -0.04 | -0.03 |
| Cash from operations | −SEK 9.0m | −SEK 4.0m | SEK 2.0m | SEK 8.0m | −SEK 1.0m | SEK 1.0m | −SEK 1.0m | — |
| Capital spending | −SEK 9.0m | −SEK 4.0m | −SEK 2.0m | −SEK 8.0m | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m | — |
| Free cash flow | −SEK 18.0m | −SEK 8.0m | SEK 0 | SEK 0 | −SEK 2.0m | SEK 0 | −SEK 2.0m | — |
| Total assets | SEK 262.7m | SEK 264.0m | SEK 226.0m | SEK 233.7m | SEK 240.5m | SEK 231.2m | SEK 231.1m | SEK 240.8m |
| Cash and short-term investments | SEK 22.9m | SEK 37.9m | SEK 12.2m | SEK 10.9m | SEK 9.1m | SEK 1.1m | SEK 2.9m | SEK 8.6m |
| Debt | SEK 18.7m | SEK 19.4m | SEK 28.2m | SEK 26.2m | SEK 30.2m | SEK 19.4m | SEK 23.1m | SEK 24.2m |
| Shareholders' equity | SEK 209.7m | SEK 206.8m | SEK 168.2m | SEK 173.2m | SEK 177.0m | SEK 179.3m | SEK 183.3m | SEK 186.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.6% | 3.0% | 37.7% |
| Operating income | 3.1% | 19.8% | -5.8% |
| Net income | 9.2% | 15.4% | -3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -5.2% | -6.6% | -5.2% | -11.2% |
| Net margin | -6.5% | -7.6% | -6.3% | -11.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -12.0 | -38.1 | -11.9 | -32.2 | -157.7 | -86.8 | -32.0 | -36.5 | -107.5 | -35.9 |
| Price to sales | 1.0 | 1.7 | 1.4 | 1.9 | 3.9 | 4.2 | 4.2 | 5.7 | 33.1 | 95.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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