P 
8.20
-0.61%
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 44.4m
FY2018FY2025
Net income
−SEK 8.8m
FY2018FY2025
Free cash flow
−SEK 6.0m
FY2018FY2025
Shareholders' equity
SEK 59.1m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 44.4m | SEK 44.0m | SEK 37.1m | SEK 16.2m | SEK 8.1m | SEK 5.6m | SEK 5.7m | SEK 3.9m |
| Research and development | — | — | SEK 1.1m | SEK 801,000 | SEK 791,000 | SEK 753,000 | — | — |
| Operating income | −SEK 7.6m | −SEK 8.3m | −SEK 9.1m | −SEK 15.8m | −SEK 15.3m | −SEK 13.6m | −SEK 11.0m | −SEK 15.2m |
| Net income | −SEK 8.8m | −SEK 12.6m | −SEK 9.2m | −SEK 15.9m | −SEK 15.2m | −SEK 13.4m | −SEK 11.3m | −SEK 15.0m |
| Diluted earnings per share | -0.47 | -0.66 | -0.50 | -0.86 | -0.87 | -0.71 | -0.60 | -0.79 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 75.7m | SEK 88.1m | SEK 92.9m | SEK 92.8m | SEK 32.2m | SEK 44.5m | SEK 32.6m | SEK 24.5m |
| Cash and short-term investments | SEK 20.6m | SEK 35.8m | SEK 50.3m | SEK 58.8m | SEK 9.4m | SEK 25.0m | SEK 11.9m | SEK 4.2m |
| Total liabilities | SEK 16.6m | SEK 18.2m | SEK 16.2m | SEK 11.5m | SEK 9.6m | SEK 7.3m | SEK 6.6m | SEK 7.2m |
| Debt | — | — | SEK 259.3m | SEK 268.1m | SEK 2.4m | SEK 3.0m | SEK 833,000 | SEK 4.4m |
| Shareholders' equity | SEK 59.1m | SEK 69.9m | SEK 76.7m | SEK 81.3m | SEK 22.6m | SEK 37.6m | SEK 25.9m | SEK 17.2m |
| Shares outstanding | 19m | 19m | 19m | 18m | 17m | 19m | 19m | 19m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 4.2m | −SEK 10.4m | −SEK 3.8m | −SEK 12.3m | −SEK 14.6m | −SEK 10.6m | SEK 3.1m | — |
| Capital spending | −SEK 1.8m | −SEK 10.0m | −SEK 5.8m | −SEK 10.5m | −SEK 869,000 | −SEK 1.3m | — | — |
| Free cash flow | −SEK 6.0m | −SEK 20.4m | −SEK 9.5m | −SEK 22.8m | −SEK 15.5m | −SEK 11.8m | SEK 3.1m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 12.0m | SEK 8.8m | SEK 11.5m | SEK 12.9m | SEK 13.2m | SEK 8.8m | SEK 12.6m | SEK 10.7m |
| Operating income | −SEK 779,000 | −SEK 3.5m | −SEK 1.3m | −SEK 1.2m | −SEK 1.3m | −SEK 3.7m | −SEK 1.1m | −SEK 1.2m |
| Net income | −SEK 1.5m | −SEK 3.5m | −SEK 1.6m | −SEK 1.2m | −SEK 1.5m | −SEK 4.5m | −SEK 5.0m | −SEK 1.6m |
| Diluted earnings per share | -0.08 | -0.18 | -0.08 | -0.06 | -0.08 | -0.24 | -0.26 | -0.08 |
| Cash from operations | −SEK 1.0m | SEK 1.0m | −SEK 1.0m | — | −SEK 2.0m | SEK 1.0m | −SEK 2.0m | −SEK 1.0m |
| Capital spending | — | — | −SEK 3.0m | −SEK 1.0m | — | — | — | — |
| Free cash flow | — | — | −SEK 4.0m | — | — | — | — | — |
| Total assets | SEK 68.8m | SEK 70.7m | SEK 75.7m | SEK 72.0m | SEK 76.5m | SEK 79.0m | SEK 88.1m | SEK 79.2m |
| Cash and short-term investments | SEK 19.8m | SEK 21.9m | SEK 20.6m | SEK 24.8m | SEK 28.4m | SEK 34.1m | SEK 35.8m | SEK 35.6m |
| Shareholders' equity | SEK 54.7m | SEK 55.4m | SEK 59.1m | SEK 61.0m | SEK 62.2m | SEK 65.1m | SEK 69.9m | SEK 69.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 39.9% | 51.5% | — |
| Operating income | -21.7% | -11.0% | — |
| Net income | -17.9% | -8.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -18.0% | -28.8% | -44.8% | — |
| Net margin | -24.2% | -32.8% | -48.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -36.4 | -33.9 | -65.7 | -13.4 |
| Price to sales | 7.2 | 9.7 | 16.4 | 13.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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