N 
5.76
-4.00%
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 99.6m
FY2020FY2026
Net income
−SEK 1.6m
FY2020FY2026
Free cash flow
−SEK 24.5m
FY2020FY2026
Shareholders' equity
SEK 96.9m
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | SEK 99.6m | SEK 107.5m | SEK 78.3m | SEK 91.6m | SEK 71.7m | SEK 70.6m | SEK 53.3m |
| Research and development | — | — | — | — | — | SEK 18,984 | — |
| Operating income | SEK 250,000 | SEK 17.0m | SEK 5.7m | SEK 9.7m | SEK 8.7m | SEK 8.8m | SEK 9.5m |
| Net income | −SEK 1.6m | SEK 11.4m | SEK 696,000 | SEK 4.8m | SEK 6.7m | SEK 6.8m | SEK 7.3m |
| Diluted earnings per share | -0.11 | 0.83 | 0.06 | 0.38 | 0.51 | 0.54 | 0.53 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | SEK 184.4m | SEK 178.8m | SEK 143.3m | SEK 141.4m | SEK 140.1m | SEK 98.1m | SEK 51.2m |
| Cash and short-term investments | SEK 14.5m | SEK 20.6m | SEK 11.1m | SEK 369,000 | SEK 16.3m | SEK 4.0m | SEK 5.5m |
| Total liabilities | SEK 87.6m | SEK 80.8m | SEK 71.4m | SEK 70.2m | SEK 74.2m | SEK 63.5m | SEK 20.2m |
| Debt | SEK 65.7m | SEK 42.2m | SEK 38.2m | SEK 46.4m | SEK 36.7m | SEK 39.5m | SEK 6.7m |
| Shareholders' equity | SEK 96.9m | SEK 97.9m | SEK 71.9m | SEK 71.2m | SEK 65.9m | SEK 34.6m | SEK 31.0m |
| Shares outstanding | 14m | 14m | 13m | 13m | 13m | 13m | 14m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 946,000 | SEK 7.9m | SEK 22.6m | −SEK 12.8m | −SEK 13.0m | −SEK 4.3m | SEK 4.5m |
| Capital spending | −SEK 23.5m | −SEK 13.6m | −SEK 647,000 | −SEK 508,000 | −SEK 750,000 | −SEK 654,400 | −SEK 1.0m |
| Free cash flow | −SEK 24.5m | −SEK 5.7m | SEK 21.9m | −SEK 13.3m | −SEK 13.7m | −SEK 5.0m | SEK 3.5m |
| Dividends paid | — | — | — | — | — | −SEK 3.5m | −SEK 1.9m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 8.9m | SEK 26.2m | SEK 31.6m | SEK 32.9m | SEK 25.8m | SEK 23.0m | SEK 33.8m | SEK 25.0m |
| Operating income | −SEK 7.0m | SEK 316,000 | SEK 2.0m | SEK 4.9m | SEK 2.3m | SEK 2.7m | SEK 6.6m | SEK 5.7m |
| Net income | −SEK 5.7m | −SEK 256,000 | SEK 1.1m | SEK 3.7m | SEK 1.4m | SEK 1.4m | SEK 4.6m | SEK 3.9m |
| Diluted earnings per share | -0.41 | -0.02 | 0.08 | 0.27 | 0.10 | 0.11 | 0.34 | 0.31 |
| Cash from operations | −SEK 7.0m | SEK 5.0m | SEK 14.0m | −SEK 12.0m | SEK 5.0m | SEK 3.0m | SEK 4.0m | −SEK 5.0m |
| Capital spending | −SEK 1.0m | — | −SEK 4.0m | −SEK 16.0m | −SEK 6.0m | −SEK 5.0m | −SEK 1.0m | — |
| Free cash flow | −SEK 8.0m | — | SEK 10.0m | −SEK 28.0m | −SEK 1.0m | −SEK 2.0m | SEK 3.0m | — |
| Total assets | SEK 184.4m | SEK 197.3m | SEK 209.7m | SEK 198.6m | SEK 178.8m | SEK 148.6m | SEK 137.3m | SEK 133.5m |
| Cash and short-term investments | SEK 14.5m | SEK 26.2m | SEK 24.0m | SEK 6.2m | SEK 20.6m | SEK 3.7m | SEK 2.8m | SEK 2.3m |
| Debt | SEK 14.0m | SEK 63.2m | SEK 65.2m | SEK 52.2m | SEK 12.1m | SEK 32.4m | SEK 29.5m | SEK 32.1m |
| Shareholders' equity | SEK 96.9m | SEK 102.5m | SEK 103.1m | SEK 101.6m | SEK 97.9m | SEK 81.9m | SEK 80.5m | SEK 75.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.8% | 7.1% | — |
| Operating income | -70.5% | -51.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.3% | 8.7% | 9.7% | — |
| Net margin | 4.8% | 4.1% | 5.6% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | -52.8 | 16.7 | 178.8 | 33.9 | 22.7 | 28.0 |
| Price to sales | 0.8 | 1.8 | 1.6 | 1.8 | 2.1 | 2.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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