N 
1.26
0.00%
Close of 6 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 889,000
FY2016FY2025
Net income
−SEK 10.2m
FY2016FY2025
Free cash flow
−SEK 6.7m
FY2016FY2025
Shareholders' equity
SEK 6.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 889,000 | SEK 394,000 | SEK 163,000 | SEK 150,000 | SEK 56,000 | SEK 54,000 | — | — | — | SEK 359,000 |
| Operating income | −SEK 7.9m | −SEK 7.9m | −SEK 7.3m | −SEK 7.2m | −SEK 5.7m | −SEK 5.1m | −SEK 4.8m | −SEK 4.2m | −SEK 5.3m | −SEK 124.2m |
| Net income | −SEK 10.2m | −SEK 8.5m | −SEK 7.6m | −SEK 7.2m | −SEK 5.7m | −SEK 5.1m | −SEK 4.7m | −SEK 3.9m | −SEK 5.7m | −SEK 125.9m |
| Diluted earnings per share | -0.33 | -0.28 | -0.25 | -0.28 | -0.28 | -0.37 | -0.32 | -0.27 | -0.39 | -8.59 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 22.6m | SEK 24.9m | SEK 30.7m | SEK 25.2m | SEK 18.6m | SEK 24.9m | SEK 10.4m | SEK 14.7m | SEK 18.6m | SEK 26.3m |
| Cash and short-term investments | SEK 932,000 | SEK 1.6m | SEK 5.7m | SEK 11.5m | SEK 14.7m | SEK 23.6m | SEK 9.0m | SEK 13.9m | SEK 17.5m | SEK 24.3m |
| Total liabilities | SEK 16.6m | SEK 8.7m | SEK 6.0m | SEK 769,000 | SEK 690,000 | SEK 1.3m | SEK 1.5m | SEK 1.1m | SEK 883,000 | SEK 2.3m |
| Debt | SEK 1.3m | SEK 1.4m | SEK 1.2m | — | SEK 89,000 | SEK 204,000 | SEK 264,000 | — | — | — |
| Shareholders' equity | SEK 6.0m | SEK 16.2m | SEK 24.7m | SEK 24.4m | SEK 17.9m | SEK 23.6m | SEK 8.8m | SEK 13.6m | SEK 17.7m | SEK 24.0m |
| Shares outstanding | 31m | 31m | 31m | 26m | 21m | 14m | 15m | 15m | 15m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 6.6m | −SEK 7.2m | −SEK 6.0m | −SEK 7.2m | −SEK 6.0m | −SEK 4.9m | −SEK 4.6m | −SEK 3.8m | −SEK 5.8m | −SEK 11.3m |
| Capital spending | −SEK 65,000 | −SEK 48,000 | −SEK 10.1m | −SEK 9.7m | −SEK 2.8m | −SEK 3.4m | −SEK 216,000 | −SEK 216,000 | — | −SEK 280,000 |
| Free cash flow | −SEK 6.7m | −SEK 7.3m | −SEK 16.1m | −SEK 16.9m | −SEK 8.7m | −SEK 8.3m | −SEK 4.8m | −SEK 4.1m | −SEK 5.8m | −SEK 11.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 37,000 | SEK 271,000 | SEK 279,000 | SEK 248,000 | SEK 228,000 | SEK 134,000 | SEK 99,000 | SEK 130,000 |
| Operating income | −SEK 2.2m | −SEK 1.6m | −SEK 1.8m | −SEK 1.3m | −SEK 2.9m | −SEK 1.9m | −SEK 1.6m | −SEK 1.6m |
| Net income | −SEK 2.2m | −SEK 2.3m | −SEK 2.7m | −SEK 1.6m | −SEK 3.9m | −SEK 1.9m | −SEK 1.7m | −SEK 2.0m |
| Diluted earnings per share | -0.07 | -0.07 | -0.09 | -0.05 | -0.13 | -0.06 | -0.05 | -0.06 |
| Cash from operations | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m | — | −SEK 2.0m | −SEK 1.0m | — | −SEK 2.0m |
| Total assets | SEK 23.1m | SEK 24.2m | SEK 22.6m | SEK 23.8m | SEK 23.9m | SEK 25.2m | SEK 24.9m | SEK 25.8m |
| Cash and short-term investments | SEK 2.1m | SEK 1.5m | SEK 932,000 | SEK 945,000 | SEK 803,000 | SEK 1.6m | SEK 1.6m | SEK 1.4m |
| Debt | SEK 561,000 | SEK 561,000 | SEK 12.9m | SEK 1.1m | SEK 1.2m | SEK 1.4m | SEK 1.4m | SEK 1.5m |
| Shareholders' equity | SEK 1.4m | SEK 3.6m | SEK 6.0m | SEK 8.7m | SEK 10.3m | SEK 14.3m | SEK 16.2m | SEK 17.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 81.0% | 75.1% | 0.2% |
| Operating income | 3.2% | 9.1% | -12.8% |
| Net income | 12.3% | 14.7% | -10.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1229.9% | -1895.4% | -2409.6% | — |
| Net margin | -1458.8% | -2102.7% | -2604.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.9 | -4.8 | -11.5 | -5.5 | -16.7 | -8.9 | -10.2 | -22.5 | -4.3 | -0.5 |
| Price to sales | 33.0 | 104.9 | — | 263.1 | — | — | — | — | — | 157.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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