N
0.25
-9.95%
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 10.9m
FY2016FY2025
Net income
−SEK 35.1m
FY2016FY2025
Free cash flow
−SEK 43.0m
FY2016FY2025
Shareholders' equity
SEK 66.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 10.9m | SEK 10.7m | SEK 10.1m | SEK 5.6m | SEK 3.9m | SEK 3.6m | SEK 1.8m | SEK 655,413 | SEK 517,203 | SEK 809,006 |
| Operating income | −SEK 35.9m | −SEK 43.2m | −SEK 41.0m | −SEK 35.0m | −SEK 24.8m | −SEK 17.7m | −SEK 21.5m | −SEK 14.0m | −SEK 13.3m | −SEK 11.4m |
| Net income | −SEK 35.1m | −SEK 42.0m | −SEK 39.8m | −SEK 34.1m | −SEK 24.6m | −SEK 17.7m | −SEK 21.5m | −SEK 14.0m | −SEK 13.2m | −SEK 11.4m |
| Diluted earnings per share | -0.32 | -0.57 | -0.58 | -0.50 | -0.36 | -0.38 | -0.56 | -0.66 | -0.78 | -2.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 76.7m | SEK 81.3m | SEK 88.8m | SEK 124.7m | SEK 155.6m | SEK 29.8m | SEK 26.7m | SEK 8.5m | SEK 21.6m | SEK 9.5m |
| Cash and short-term investments | SEK 38.7m | SEK 46.8m | SEK 50.0m | SEK 97.1m | SEK 139.2m | SEK 22.0m | SEK 20.1m | SEK 3.1m | SEK 16.6m | SEK 5.8m |
| Total liabilities | SEK 10.3m | SEK 13.7m | SEK 13.1m | SEK 9.1m | SEK 5.5m | SEK 3.6m | SEK 3.8m | SEK 3.5m | SEK 2.6m | SEK 2.7m |
| Debt | — | — | — | — | SEK 100,351 | SEK 63,834 | SEK 120,400 | — | −SEK 240,000 | −SEK 480,000 |
| Shareholders' equity | SEK 66.4m | SEK 67.6m | SEK 75.7m | SEK 115.5m | SEK 150.1m | SEK 26.2m | SEK 23.0m | SEK 5.0m | SEK 19.1m | SEK 6.8m |
| Shares outstanding | 111m | 73m | 69m | 69m | 69m | 47m | 38m | 21m | 17m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 38.9m | −SEK 37.8m | −SEK 43.8m | −SEK 33.3m | −SEK 25.6m | −SEK 19.0m | −SEK 22.1m | −SEK 13.5m | −SEK 14.8m | −SEK 11.1m |
| Capital spending | −SEK 4.2m | −SEK 82,922 | −SEK 4.1m | −SEK 7.6m | −SEK 725,930 | −SEK 787,113 | −SEK 396,500 | −SEK 396,500 | −SEK 396,500 | −SEK 142,134 |
| Free cash flow | −SEK 43.0m | −SEK 37.9m | −SEK 47.9m | −SEK 40.9m | −SEK 26.3m | −SEK 19.7m | −SEK 22.5m | −SEK 13.9m | −SEK 15.2m | −SEK 11.3m |
Latest quarters
By quarter end
| May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | Aug 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 3.0m | SEK 2.7m | SEK 1.8m | SEK 2.6m | SEK 2.3m | SEK 3.2m | SEK 2.8m | SEK 1.6m |
| Operating income | −SEK 11.7m | −SEK 10.6m | −SEK 14.0m | −SEK 8.8m | −SEK 10.4m | −SEK 8.6m | −SEK 8.3m | −SEK 13.6m |
| Net income | −SEK 11.7m | −SEK 10.4m | −SEK 13.8m | −SEK 8.6m | −SEK 10.3m | −SEK 8.2m | −SEK 8.0m | −SEK 13.2m |
| Diluted earnings per share | -0.09 | -0.08 | -0.12 | -0.08 | -0.09 | -0.07 | -0.11 | -0.18 |
| Cash from operations | −SEK 11.0m | −SEK 7.0m | −SEK 22.0m | −SEK 10.0m | −SEK 8.0m | −SEK 6.0m | −SEK 12.0m | −SEK 7.0m |
| Capital spending | — | — | −SEK 2.0m | −SEK 1.0m | — | −SEK 1.0m | — | — |
| Free cash flow | — | — | −SEK 24.0m | −SEK 11.0m | — | −SEK 7.0m | — | — |
| Total assets | SEK 63.9m | SEK 69.8m | SEK 63.9m | SEK 76.7m | SEK 52.2m | SEK 61.5m | SEK 69.3m | SEK 81.3m |
| Cash and short-term investments | SEK 21.1m | SEK 32.3m | SEK 26.0m | SEK 38.7m | SEK 16.7m | SEK 26.3m | SEK 34.1m | SEK 46.8m |
| Shareholders' equity | SEK 47.1m | SEK 55.0m | SEK 50.6m | SEK 66.4m | SEK 41.1m | SEK 51.4m | SEK 59.6m | SEK 67.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.1% | 25.1% | 108.8% |
| Operating income | 0.8% | 15.2% | 13.2% |
| Net income | 1.0% | 14.7% | 13.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -365.9% | -415.7% | -441.2% | -552.1% |
| Net margin | -356.9% | -404.8% | -431.6% | -542.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.0 | -0.9 | -0.4 | -1.4 | -2.1 | -4.5 | -1.0 | -0.8 | -0.6 |
| Price to sales | 3.2 | 3.4 | 1.7 | 8.3 | 13.0 | 22.2 | 12.2 | 18.1 | 15.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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