O
3.91
+3.17%
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 180.2m
FY2016FY2025
Net income
−SEK 51.0m
FY2016FY2025
Free cash flow
−SEK 71.4m
FY2016FY2025
Shareholders' equity
SEK 310.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 180.2m | SEK 133.9m | SEK 112.2m | SEK 57.0m | SEK 31.7m | SEK 24.9m | SEK 16.9m | SEK 13.3m | SEK 7.7m | SEK 4.2m |
| Research and development | SEK 20.1m | SEK 22.8m | SEK 30.3m | SEK 3.2m | SEK 3.2m | SEK 3.3m | SEK 2.2m | — | — | — |
| Operating income | −SEK 48.1m | −SEK 49.4m | −SEK 92.0m | −SEK 90.5m | −SEK 89.7m | −SEK 83.9m | −SEK 83.5m | −SEK 50.1m | −SEK 41.4m | −SEK 38.4m |
| Net income | −SEK 51.0m | −SEK 49.7m | −SEK 130.5m | −SEK 99.4m | −SEK 93.9m | −SEK 84.6m | −SEK 84.2m | −SEK 56.0m | −SEK 63.3m | −SEK 28.5m |
| Diluted earnings per share | -0.46 | -0.51 | -1.45 | -1.56 | -1.57 | -3.75 | -3.55 | -2.39 | -0.57 | -0.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 397.9m | SEK 307.4m | SEK 356.4m | SEK 339.5m | SEK 344.0m | SEK 246.7m | SEK 153.3m | SEK 75.1m | SEK 70.2m | SEK 38.6m |
| Cash and short-term investments | SEK 191.3m | SEK 100.9m | SEK 165.9m | SEK 124.7m | SEK 151.4m | SEK 49.4m | SEK 113.5m | SEK 14.1m | SEK 35.2m | SEK 16.3m |
| Total liabilities | SEK 87.8m | SEK 93.4m | SEK 105.3m | SEK 91.4m | SEK 81.3m | SEK 134.6m | SEK 18.0m | SEK 27.6m | SEK 19.8m | SEK 10.9m |
| Debt | SEK 1.4m | SEK 2.0m | SEK 3.1m | SEK 13.6m | SEK 14.1m | SEK 17.2m | SEK 4.5m | SEK 9.4m | SEK 10.1m | SEK 3.9m |
| Shareholders' equity | SEK 310.0m | SEK 214.1m | SEK 251.1m | SEK 248.1m | SEK 262.7m | SEK 112.1m | SEK 135.3m | SEK 47.5m | SEK 50.4m | SEK 27.8m |
| Shares outstanding | 110m | 98m | 90m | 64m | 60m | 23m | 24m | 23m | 111m | 111m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 64.0m | −SEK 62.4m | −SEK 93.9m | −SEK 89.2m | −SEK 89.8m | −SEK 79.1m | −SEK 86.6m | −SEK 66.1m | −SEK 40.6m | — |
| Capital spending | −SEK 7.4m | −SEK 657,000 | −SEK 124,000 | −SEK 129,000 | −SEK 57,000 | −SEK 2.5m | −SEK 326,000 | −SEK 7.7m | −SEK 10.6m | — |
| Free cash flow | −SEK 71.4m | −SEK 63.0m | −SEK 94.0m | −SEK 89.4m | −SEK 89.8m | −SEK 81.6m | −SEK 86.9m | −SEK 73.7m | −SEK 51.2m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 37.8m | SEK 36.9m | SEK 45.1m | SEK 44.0m | SEK 46.5m | SEK 44.5m | SEK 41.4m | SEK 35.7m |
| Operating income | −SEK 11.9m | −SEK 13.2m | −SEK 23.1m | −SEK 5.6m | −SEK 7.6m | −SEK 25.4m | −SEK 12.3m | −SEK 9.8m |
| Net income | −SEK 11.4m | −SEK 11.5m | −SEK 22.3m | −SEK 5.8m | −SEK 8.3m | −SEK 14.6m | −SEK 13.1m | −SEK 9.8m |
| Diluted earnings per share | -0.10 | -0.10 | -0.20 | -0.05 | -0.08 | -0.13 | -0.13 | -0.10 |
| Cash from operations | −SEK 11.0m | −SEK 14.0m | −SEK 16.0m | −SEK 9.0m | −SEK 11.0m | −SEK 25.0m | −SEK 7.0m | −SEK 8.0m |
| Capital spending | −SEK 6.0m | −SEK 6.0m | −SEK 6.0m | — | −SEK 1.0m | −SEK 1.0m | — | — |
| Free cash flow | −SEK 17.0m | −SEK 20.0m | −SEK 22.0m | — | −SEK 12.0m | −SEK 26.0m | — | — |
| Total assets | SEK 367.7m | SEK 377.5m | SEK 397.9m | SEK 430.7m | SEK 428.0m | SEK 285.2m | SEK 307.4m | SEK 295.6m |
| Cash and short-term investments | SEK 152.5m | SEK 170.5m | SEK 191.3m | SEK 210.9m | SEK 212.7m | SEK 77.5m | SEK 100.9m | SEK 108.9m |
| Debt | SEK 934,000 | SEK 1.0m | SEK 969,000 | SEK 977,000 | SEK 982,000 | SEK 682,000 | SEK 933,000 | SEK 1.1m |
| Shareholders' equity | SEK 287.9m | SEK 298.9m | SEK 310.0m | SEK 347.3m | SEK 343.7m | SEK 203.1m | SEK 214.1m | SEK 214.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 46.8% | 48.6% | — |
| Operating income | -19.0% | -10.5% | — |
| Net income | -19.9% | -9.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -14.9 | -11.8 | -3.3 | -2.3 | -3.4 | -1.9 | -2.2 |
| Price to sales | 4.2 | 4.4 | 3.9 | 4.0 | 10.0 | 6.6 | 11.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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