P 
16.22
+4.92%
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 385.0m
FY2016FY2025
Net income
−SEK 29.5m
FY2016FY2025
Free cash flow
−SEK 38.0m
FY2016FY2025
Shareholders' equity
SEK 386.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 385.0m | SEK 334.3m | SEK 310.3m | SEK 244.7m | SEK 159.8m | SEK 103.5m | SEK 66.8m | SEK 60.5m | SEK 36.7m | SEK 12.2m |
| Gross profit | SEK 147.3m | SEK 116.2m | SEK 124.0m | SEK 110.5m | SEK 49.0m | SEK 25.8m | SEK 20.5m | SEK 23.3m | SEK 11.0m | SEK 2.9m |
| Research and development | SEK 114.4m | SEK 110.9m | SEK 114.5m | SEK 92.3m | SEK 80.2m | SEK 73.1m | SEK 82.9m | SEK 73.9m | SEK 67.9m | SEK 72.1m |
| Operating income | −SEK 59.3m | −SEK 83.7m | −SEK 72.6m | −SEK 75.0m | −SEK 78.7m | −SEK 94.1m | SEK 457.7m | −SEK 60.9m | −SEK 66.7m | −SEK 66.1m |
| Net income | −SEK 29.5m | −SEK 47.3m | −SEK 63.0m | −SEK 58.2m | −SEK 75.1m | −SEK 116.6m | SEK 438.0m | −SEK 61.9m | −SEK 66.7m | −SEK 65.2m |
| Diluted earnings per share | -0.51 | -0.82 | -1.21 | -1.12 | -1.44 | -2.23 | 8.42 | -1.19 | -1.29 | -1.46 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 597.9m | SEK 662.4m | SEK 425.1m | SEK 473.9m | SEK 521.3m | SEK 564.7m | SEK 683.2m | SEK 217.1m | SEK 274.1m | SEK 96.1m |
| Cash and short-term investments | SEK 78.8m | SEK 218.9m | SEK 70.8m | SEK 196.9m | SEK 332.5m | SEK 416.8m | SEK 440.9m | SEK 98.3m | SEK 217.8m | SEK 61.2m |
| Total liabilities | SEK 211.4m | SEK 248.7m | SEK 149.7m | SEK 141.1m | SEK 137.9m | SEK 107.1m | SEK 117.9m | SEK 89.9m | SEK 85.2m | SEK 59.6m |
| Debt | SEK 19.1m | SEK 73.8m | SEK 58.1m | SEK 61.5m | SEK 67.2m | SEK 72.4m | SEK 78.3m | SEK 48.9m | SEK 43.0m | SEK 40.0m |
| Shareholders' equity | SEK 386.5m | SEK 413.7m | SEK 275.4m | SEK 332.9m | SEK 383.5m | SEK 457.6m | SEK 565.3m | SEK 127.2m | SEK 188.9m | SEK 36.5m |
| Shares outstanding | 58m | 58m | 52m | 52m | 52m | 52m | 52m | 52m | 52m | 45m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 10.1m | −SEK 37.1m | −SEK 95.7m | −SEK 120.5m | −SEK 66.3m | −SEK 3.9m | SEK 369.1m | −SEK 100.0m | −SEK 51.3m | −SEK 68.0m |
| Capital spending | −SEK 27.9m | −SEK 46.7m | −SEK 28.5m | −SEK 17.8m | −SEK 17.9m | −SEK 10.5m | −SEK 1.7m | −SEK 17.1m | −SEK 9.4m | −SEK 2.7m |
| Free cash flow | −SEK 38.0m | −SEK 83.8m | −SEK 124.2m | −SEK 138.3m | −SEK 84.2m | −SEK 14.4m | SEK 367.5m | −SEK 117.1m | −SEK 60.7m | −SEK 70.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 37.0m | SEK 46.9m | SEK 95.1m | SEK 85.8m | SEK 130.0m | SEK 74.1m | SEK 144.1m | SEK 71.9m |
| Gross profit | SEK 3.9m | SEK 10.5m | SEK 33.4m | SEK 33.1m | SEK 80.1m | SEK 27.5m | SEK 57.6m | SEK 23.1m |
| Operating income | −SEK 46.1m | −SEK 36.4m | −SEK 46.8m | −SEK 23.1m | SEK 21.9m | −SEK 23.3m | SEK 706,000 | −SEK 15.7m |
| Net income | −SEK 51.2m | −SEK 39.8m | −SEK 21.0m | −SEK 15.3m | SEK 22.4m | −SEK 15.7m | SEK 2.3m | −SEK 15.9m |
| Diluted earnings per share | -0.88 | -0.68 | -0.36 | -0.26 | 0.39 | -0.27 | 0.04 | -0.27 |
| Cash from operations | SEK 4.0m | −SEK 92.0m | SEK 119.0m | −SEK 57.0m | SEK 6.0m | −SEK 79.0m | — | −SEK 7.0m |
| Capital spending | −SEK 3.0m | −SEK 4.0m | −SEK 4.0m | −SEK 2.0m | −SEK 10.0m | −SEK 10.0m | −SEK 13.0m | −SEK 8.0m |
| Free cash flow | SEK 1.0m | −SEK 96.0m | SEK 115.0m | −SEK 59.0m | −SEK 4.0m | −SEK 89.0m | — | −SEK 15.0m |
| Total assets | SEK 563.5m | SEK 564.2m | SEK 597.9m | SEK 557.0m | SEK 574.2m | SEK 611.3m | SEK 662.4m | SEK 415.7m |
| Cash and short-term investments | SEK 34.5m | SEK 23.8m | SEK 78.8m | SEK 9.5m | SEK 72.3m | SEK 140.8m | SEK 218.9m | SEK 67.9m |
| Debt | SEK 5.7m | SEK 7.2m | SEK 19.1m | SEK 21.1m | SEK 22.5m | SEK 23.5m | SEK 73.8m | SEK 25.6m |
| Shareholders' equity | SEK 296.8m | SEK 346.7m | SEK 386.5m | SEK 408.8m | SEK 422.8m | SEK 399.1m | SEK 413.7m | SEK 229.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.3% | 30.0% | 54.1% |
| Operating income | -7.5% | -8.8% | -0.9% |
| Net income | -20.2% | -24.0% | -7.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 36.6% | 39.1% | 37.3% | 36.7% |
| Operating margin | -19.9% | -22.8% | -30.1% | -15.4% |
| Net margin | -10.7% | -15.5% | -25.3% | -12.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -58.7 | -43.4 | -38.3 | -106.7 | -128.5 | -145.7 | 18.3 | -29.5 | -29.4 | -19.2 |
| Price to sales | 4.5 | 6.1 | 7.8 | 25.4 | 60.4 | 164.1 | 120.1 | 30.1 | 53.5 | 102.9 |
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.