O 
1.15
—
Close of 9 Nov 2026, in SEK
Search any instrument
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 73.4m
FY2016FY2025
Net income
−SEK 21.9m
FY2016FY2025
Free cash flow
−SEK 50.5m
FY2016FY2025
Shareholders' equity
SEK 22.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 73.4m | SEK 80.4m | SEK 84.1m | SEK 104.5m | SEK 94.3m | SEK 107.6m | SEK 50.8m | SEK 52.2m | SEK 58.8m | SEK 74.3m |
| Research and development | SEK 7.7m | SEK 10.8m | SEK 9.5m | SEK 3.3m | SEK 3.3m | SEK 4.7m | SEK 8.8m | SEK 10.8m | SEK 13.0m | SEK 13.1m |
| Operating income | −SEK 19.8m | −SEK 21.2m | −SEK 18.0m | SEK 5.8m | SEK 9.3m | SEK 11.4m | −SEK 15.5m | −SEK 12.9m | −SEK 10.4m | −SEK 5.1m |
| Net income | −SEK 21.9m | −SEK 24.9m | −SEK 18.2m | SEK 5.9m | SEK 9.2m | SEK 11.3m | −SEK 16.0m | −SEK 13.4m | −SEK 11.6m | −SEK 7.1m |
| Diluted earnings per share | -0.30 | -0.56 | -0.41 | 0.13 | 0.21 | 0.26 | -0.37 | -0.39 | -0.34 | -0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 70.9m | SEK 63.9m | SEK 72.7m | SEK 89.8m | SEK 72.5m | SEK 66.5m | SEK 34.9m | SEK 27.7m | SEK 34.5m | SEK 47.2m |
| Cash and short-term investments | SEK 8.9m | SEK 7.3m | SEK 1.3m | SEK 7.6m | SEK 22.1m | SEK 23.6m | SEK 8.7m | SEK 3.4m | SEK 1.8m | SEK 2.9m |
| Total liabilities | SEK 48.5m | SEK 71.1m | SEK 55.4m | SEK 54.3m | SEK 43.0m | SEK 46.9m | SEK 26.2m | SEK 25.5m | SEK 19.0m | SEK 42.0m |
| Debt | SEK 19.5m | SEK 38.0m | SEK 5.5m | SEK 6.2m | SEK 3.3m | SEK 1.0m | SEK 3.2m | SEK 13.0m | SEK 10.0m | SEK 20.1m |
| Shareholders' equity | SEK 22.4m | −SEK 7.2m | SEK 17.3m | SEK 35.4m | SEK 29.4m | SEK 19.7m | SEK 8.8m | SEK 2.2m | SEK 15.6m | SEK 5.2m |
| Shares outstanding | 73m | 44m | 44m | 44m | 44m | 44m | 43m | 34m | 34m | 33m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 25.2m | −SEK 9.7m | −SEK 303,000 | −SEK 6.9m | SEK 7.8m | SEK 18.6m | −SEK 3.5m | −SEK 510,000 | −SEK 11.9m | SEK 4.9m |
| Capital spending | −SEK 25.2m | −SEK 35,000 | −SEK 10.8m | −SEK 6.1m | −SEK 6.7m | −SEK 2.7m | −SEK 609,000 | −SEK 818,000 | −SEK 350,000 | −SEK 44,000 |
| Free cash flow | −SEK 50.5m | −SEK 9.8m | −SEK 11.1m | −SEK 13.0m | SEK 1.1m | SEK 15.9m | −SEK 4.1m | −SEK 1.3m | −SEK 12.2m | SEK 4.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 19.3m | SEK 21.5m | SEK 18.8m | SEK 16.8m | SEK 19.7m | SEK 18.1m | SEK 21.3m | SEK 19.4m |
| Operating income | −SEK 5.6m | −SEK 806,000 | −SEK 6.6m | −SEK 5.4m | −SEK 5.3m | −SEK 2.5m | −SEK 8.0m | −SEK 3.1m |
| Net income | −SEK 3.6m | −SEK 1.3m | −SEK 7.0m | −SEK 5.9m | −SEK 6.5m | −SEK 2.4m | −SEK 9.6m | −SEK 4.5m |
| Diluted earnings per share | -0.04 | -0.02 | -0.10 | -0.08 | -0.09 | -0.03 | -0.22 | -0.10 |
| Cash from operations | SEK 1.0m | −SEK 7.0m | −SEK 11.0m | −SEK 3.0m | −SEK 4.0m | −SEK 4.0m | SEK 11.0m | −SEK 15.0m |
| Capital spending | — | −SEK 7.0m | −SEK 11.0m | −SEK 3.0m | −SEK 4.0m | −SEK 4.0m | — | −SEK 15.0m |
| Free cash flow | — | −SEK 14.0m | −SEK 22.0m | −SEK 6.0m | −SEK 8.0m | −SEK 8.0m | — | −SEK 30.0m |
| Total assets | SEK 73.9m | SEK 68.9m | SEK 70.9m | SEK 60.2m | SEK 61.7m | SEK 64.0m | SEK 63.9m | SEK 68.4m |
| Cash and short-term investments | SEK 6.7m | SEK 7.1m | SEK 8.9m | SEK 953,000 | SEK 1.6m | SEK 2.1m | SEK 7.3m | SEK 2.1m |
| Debt | SEK 26.8m | SEK 26.0m | SEK 19.5m | SEK 53.4m | SEK 2.0m | SEK 41.5m | SEK 38.0m | SEK 37.5m |
| Shareholders' equity | SEK 17.8m | SEK 21.2m | SEK 22.4m | −SEK 22.4m | −SEK 16.2m | −SEK 10.2m | −SEK 7.2m | SEK 2.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.1% | -7.4% | 0.1% |
| Operating income | — | — | 13.6% |
| Net income | — | — | 11.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -26.7% | -15.5% | -6.0% | -9.6% |
| Net margin | -30.4% | -17.3% | -7.1% | -11.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.0 | -2.5 | -9.0 | 41.5 | 25.2 | 20.1 | -10.1 | -4.0 | -5.4 | -10.9 |
| Price to sales | 1.2 | 0.8 | 2.0 | 2.3 | 2.5 | 2.1 | 3.2 | 1.0 | 1.1 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2-for-1 split · 23 Apr 1998
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.