O 
19.20
+3.50%
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 469.9m
FY2016FY2025
Net income
−SEK 14.8m
FY2016FY2025
Free cash flow
SEK 11.2m
FY2016FY2025
Shareholders' equity
SEK 196.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 469.9m | SEK 365.6m | SEK 301.1m | SEK 286.9m | SEK 146.4m | SEK 12.9m | SEK 20.6m | SEK 27.1m | SEK 26.5m | SEK 21.7m |
| Operating income | −SEK 9.7m | SEK 2.6m | −SEK 5.7m | −SEK 15.4m | SEK 10.3m | SEK 11.5m | −SEK 3.4m | −SEK 1.1m | −SEK 323,000 | SEK 116,000 |
| Net income | −SEK 14.8m | −SEK 8.0m | −SEK 10.5m | −SEK 18.3m | SEK 9.3m | −SEK 12.5m | −SEK 3.7m | −SEK 1.4m | −SEK 870,000 | −SEK 395,000 |
| Diluted earnings per share | -0.74 | -0.35 | -0.46 | -0.87 | 1.01 | -16.66 | -4.99 | -2.53 | -2.05 | -1.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 330.3m | SEK 278.8m | SEK 274.8m | SEK 294.1m | SEK 164.0m | SEK 3.9m | SEK 13.1m | SEK 16.0m | SEK 20.5m | SEK 17.8m |
| Cash and short-term investments | SEK 23.9m | SEK 16.6m | SEK 12.3m | SEK 15.3m | SEK 66.2m | SEK 920,000 | SEK 271,000 | SEK 955,000 | SEK 977,000 | SEK 1.3m |
| Total liabilities | SEK 133.3m | SEK 103.1m | SEK 98.0m | SEK 133.3m | SEK 35.2m | SEK 14.4m | SEK 11.1m | SEK 10.2m | SEK 18.8m | SEK 15.4m |
| Debt | SEK 42.3m | SEK 21.1m | SEK 39.4m | SEK 50.0m | SEK 4.2m | SEK 5.4m | SEK 5.3m | SEK 3.2m | SEK 6.0m | SEK 5.2m |
| Shareholders' equity | SEK 196.9m | SEK 175.7m | SEK 176.8m | SEK 160.8m | SEK 128.8m | −SEK 10.5m | SEK 2.0m | SEK 5.8m | SEK 1.7m | SEK 2.5m |
| Shares outstanding | 20m | 23m | 23m | 21m | 9m | 1m | 1m | 1m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 14.7m | SEK 27.2m | −SEK 11.3m | −SEK 12.6m | −SEK 8.2m | SEK 696,000 | −SEK 2.2m | −SEK 5.0m | SEK 4.1m | −SEK 78,000 |
| Capital spending | −SEK 3.5m | — | −SEK 759,000 | −SEK 2.4m | −SEK 1.7m | −SEK 398,000 | −SEK 56,000 | −SEK 56,000 | −SEK 1.1m | −SEK 96,000 |
| Free cash flow | SEK 11.2m | SEK 27.2m | −SEK 12.1m | −SEK 15.1m | −SEK 9.9m | SEK 298,000 | −SEK 2.2m | −SEK 5.1m | SEK 2.9m | −SEK 174,000 |
| Dividends paid | — | — | — | — | −SEK 12.6m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 126.9m | SEK 129.7m | SEK 149.9m | SEK 122.6m | SEK 98.1m | SEK 96.8m | SEK 116.1m | SEK 90.4m |
| Operating income | −SEK 2.1m | −SEK 1.2m | SEK 3.7m | SEK 1.6m | −SEK 9.7m | SEK 4.9m | SEK 10.1m | SEK 6.3m |
| Net income | −SEK 4.4m | −SEK 3.1m | −SEK 200,000 | SEK 1.3m | −SEK 10.8m | −SEK 2.7m | −SEK 9.6m | SEK 4.8m |
| Diluted earnings per share | -0.17 | -0.12 | -0.01 | 0.07 | -0.54 | -0.14 | -0.43 | 0.21 |
| Cash from operations | −SEK 13.0m | −SEK 15.0m | SEK 40.0m | SEK 2.0m | −SEK 9.0m | −SEK 17.0m | SEK 33.0m | SEK 1.0m |
| Capital spending | — | −SEK 1.0m | −SEK 3.0m | −SEK 2.0m | −SEK 10.0m | −SEK 1.0m | — | — |
| Free cash flow | — | −SEK 16.0m | SEK 37.0m | SEK 0 | −SEK 19.0m | −SEK 18.0m | — | — |
| Total assets | SEK 340.7m | SEK 336.6m | SEK 330.3m | SEK 353.7m | SEK 308.7m | SEK 288.9m | SEK 278.8m | SEK 274.4m |
| Cash and short-term investments | SEK 11.7m | SEK 20.5m | SEK 23.9m | SEK 23.1m | SEK 8.3m | SEK 9.8m | SEK 16.6m | SEK 12.0m |
| Debt | SEK 35.8m | SEK 56.4m | SEK 42.3m | SEK 78.0m | SEK 66.8m | SEK 48.2m | SEK 14.1m | SEK 35.8m |
| Shareholders' equity | SEK 218.0m | SEK 191.4m | SEK 196.9m | SEK 196.9m | SEK 164.9m | SEK 172.4m | SEK 175.7m | SEK 178.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.9% | 105.4% | 39.0% |
| Operating income | -14.3% | — | 18.6% |
| Net income | -6.8% | 3.5% | 23.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.8% | -2.0% | -0.4% | -0.8% |
| Net margin | -2.7% | -3.6% | -3.5% | -3.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -23.8 | -45.6 | -23.7 | -33.2 | 32.6 | -0.1 | -0.7 | -2.5 | -5.5 | -11.2 |
| Price to sales | 0.8 | 1.0 | 0.8 | 2.1 | 2.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Apr 2012.
| FY2012 | FY2011 | FY2009 | FY2008 | |
|---|---|---|---|---|
| Paid in the year | 33.782 | 60.325 | 12.065 | 31.369 |
- 100-to-1 reverse split · 10 Dec 2021
- 5-to-1 reverse split · 9 Nov 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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