A 
1.79
-3.24%
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 20.2m
FY2016FY2025
Net income
−SEK 28.9m
FY2016FY2025
Free cash flow
−SEK 14.6m
FY2016FY2025
Shareholders' equity
−SEK 3.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 20.2m | SEK 2.7m | SEK 1.1m | SEK 359,480 | SEK 554,883 | SEK 1.3m | SEK 1.1m | SEK 905,745 | SEK 16,817 |
| Operating income | −SEK 8.8m | −SEK 25.3m | −SEK 36.1m | −SEK 9.2m | −SEK 8.5m | −SEK 12.1m | −SEK 11.1m | −SEK 19.2m | −SEK 8.7m |
| Net income | −SEK 28.9m | SEK 13.9m | −SEK 43.4m | −SEK 10.3m | −SEK 10.4m | −SEK 13.4m | −SEK 11.6m | −SEK 20.6m | −SEK 10.4m |
| Diluted earnings per share | -6.24 | 0.11 | -1.35 | -0.25 | -2.31 | -1.67 | -1.44 | -2.57 | -1.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 18.5m | SEK 46.8m | SEK 27.4m | SEK 48.5m | SEK 4.1m | SEK 6.7m | SEK 10.3m | SEK 13.1m | SEK 15.8m |
| Cash and short-term investments | SEK 1.4m | SEK 203,000 | SEK 369,000 | SEK 609,231 | SEK 1.2m | SEK 169,929 | SEK 1.2m | SEK 151,123 | SEK 1.8m |
| Total liabilities | SEK 22.3m | SEK 7.0m | SEK 17.2m | SEK 18.9m | SEK 1.8m | SEK 6.4m | SEK 2.9m | SEK 17.5m | SEK 14.8m |
| Debt | SEK 7.6m | SEK 554,000 | SEK 667,000 | SEK 866,664 | — | — | — | SEK 12.2m | SEK 12.2m |
| Shareholders' equity | −SEK 3.8m | SEK 39.8m | SEK 10.2m | SEK 29.6m | SEK 2.3m | SEK 360,680 | SEK 7.4m | −SEK 4.5m | SEK 910,394 |
| Shares outstanding | 5m | 124m | 32m | 41m | 4m | 8m | 8m | 8m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 14.6m | −SEK 25.1m | −SEK 7.7m | −SEK 7.3m | −SEK 6.3m | −SEK 9.0m | −SEK 22.2m | −SEK 15.4m | −SEK 12.4m |
| Capital spending | −SEK 402 | −SEK 651,000 | −SEK 1.6m | −SEK 1.9m | −SEK 163,850 | −SEK 586,331 | −SEK 185,059 | −SEK 1.0m | −SEK 2.6m |
| Free cash flow | −SEK 14.6m | −SEK 25.8m | −SEK 9.3m | −SEK 9.2m | −SEK 6.5m | −SEK 9.6m | −SEK 22.4m | −SEK 16.4m | −SEK 15.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Mar 2025 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 5.5m | SEK 6.7m | SEK 6.4m | SEK 4.8m | SEK 6.3m | −SEK 108,000 | SEK 6,129 | SEK 63,000 |
| Operating income | −SEK 4.0m | −SEK 4.9m | −SEK 5.7m | SEK 700,000 | −SEK 900,000 | −SEK 1.1m | −SEK 1.2m | −SEK 2.8m |
| Net income | −SEK 5.9m | −SEK 5.0m | −SEK 6.5m | — | −SEK 17.7m | −SEK 7.5m | −SEK 3.1m | −SEK 7.9m |
| Diluted earnings per share | -0.74 | -0.62 | -1.40 | — | -3.82 | -4.74 | -0.03 | -0.06 |
| Cash from operations | −SEK 1.0m | −SEK 1.0m | — | — | −SEK 3.0m | — | — | — |
| Capital spending | −SEK 1.0m | — | — | — | — | — | — | — |
| Free cash flow | −SEK 2.0m | — | — | — | — | — | — | — |
| Total assets | SEK 15.7m | SEK 20.7m | SEK 18.5m | SEK 18.7m | SEK 10.8m | SEK 540,000 | SEK 160,997 | SEK 19.6m |
| Cash and short-term investments | SEK 1.4m | SEK 100,000 | SEK 1.4m | SEK 900,000 | SEK 100,000 | SEK 6,000 | SEK 10,624 | SEK 29,000 |
| Debt | SEK 9.9m | SEK 9.5m | SEK 7.6m | SEK 15.2m | SEK 3.1m | SEK 25,000 | — | — |
| Shareholders' equity | −SEK 6.1m | −SEK 400,000 | −SEK 3.8m | −SEK 14.4m | −SEK 8.2m | −SEK 7.8m | −SEK 2.7m | SEK 10.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 164.5% | 105.1% | 78.5% |
| Operating income | -37.5% | 0.7% | 1.9% |
| Net income | -12.6% | 22.8% | 14.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -86.0% | -326.6% | -385.2% | -544.4% |
| Net margin | -394.8% | -454.4% | -520.3% | -680.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.9 | -23.6 | 219.4 | -75.0 | -1388.3 | -487.0 | -745.4 | -1079.4 | -3585.4 | -11146.5 |
| Price to sales | 2.8 | — | — | — | — | — | — | — | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1250-to-1 reverse split · 7 Mar 2025
- 100-to-1 reverse split · 25 Oct 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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