Q
4.14
-5.91%
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 15.3m
FY2016FY2025
Net income
−SEK 7.9m
FY2016FY2025
Free cash flow
−SEK 9.0m
FY2016FY2025
Shareholders' equity
SEK 15.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 15.3m | SEK 19.9m | SEK 25.8m | SEK 34.4m | SEK 63.0m | SEK 103.8m | SEK 22.1m | SEK 18.0m | SEK 9.8m | SEK 3.6m |
| Research and development | SEK 3.1m | — | SEK 5.1m | SEK 4.3m | SEK 3.6m | SEK 2.4m | SEK 235,000 | SEK 337,000 | — | — |
| Operating income | −SEK 7.6m | −SEK 8.3m | −SEK 28.1m | −SEK 19.5m | −SEK 12.4m | SEK 3.4m | −SEK 342,000 | −SEK 5.3m | −SEK 2.8m | −SEK 1.9m |
| Net income | −SEK 7.9m | −SEK 7.0m | −SEK 28.0m | −SEK 15.5m | −SEK 10.9m | SEK 3.2m | −SEK 425,000 | −SEK 5.3m | −SEK 2.8m | −SEK 1.9m |
| Diluted earnings per share | -0.86 | -0.79 | -3.03 | -1.68 | -1.25 | 0.40 | -0.05 | -0.65 | -0.38 | -0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 17.4m | SEK 26.1m | SEK 35.4m | SEK 61.2m | SEK 78.8m | SEK 33.6m | SEK 18.5m | SEK 17.8m | SEK 14.7m | SEK 4.8m |
| Cash and short-term investments | SEK 13.2m | SEK 17.9m | SEK 25.2m | SEK 45.0m | SEK 59.5m | SEK 15.2m | SEK 5.0m | SEK 10.1m | SEK 13.1m | SEK 4.0m |
| Total liabilities | SEK 1.5m | SEK 2.1m | SEK 4.5m | SEK 2.1m | SEK 4.5m | SEK 15.1m | SEK 3.3m | SEK 2.0m | SEK 974,000 | SEK 528,000 |
| Debt | — | — | — | — | — | — | SEK 1.4m | — | — | — |
| Shareholders' equity | SEK 15.9m | SEK 24.0m | SEK 30.9m | SEK 59.1m | SEK 71.6m | SEK 18.5m | SEK 15.3m | SEK 15.8m | SEK 13.7m | SEK 4.3m |
| Shares outstanding | 9m | 9m | 9m | 9m | 9m | 8m | 8m | 8m | 7m | 6m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 4.5m | −SEK 6.4m | −SEK 14.7m | −SEK 11.1m | −SEK 12.4m | SEK 10.2m | −SEK 4.7m | −SEK 5.8m | −SEK 2.4m | −SEK 1.8m |
| Capital spending | −SEK 4.5m | −SEK 2.3m | −SEK 5.1m | −SEK 7.7m | −SEK 5.7m | −SEK 82,000 | −SEK 304,000 | −SEK 19,000 | −SEK 686,000 | — |
| Free cash flow | −SEK 9.0m | −SEK 8.7m | −SEK 19.8m | −SEK 18.8m | −SEK 18.1m | SEK 10.1m | −SEK 5.0m | −SEK 5.8m | −SEK 3.0m | −SEK 1.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 6.5m | SEK 3.0m | SEK 3.6m | SEK 3.5m | SEK 3.3m | SEK 4.9m | SEK 4.0m | SEK 4.4m |
| Operating income | −SEK 71,000 | −SEK 797,000 | −SEK 922,000 | −SEK 1.6m | −SEK 2.7m | −SEK 2.5m | −SEK 348,000 | −SEK 1.0m |
| Net income | −SEK 176,000 | −SEK 755,000 | −SEK 923,000 | −SEK 1.6m | −SEK 2.7m | −SEK 2.7m | SEK 798,000 | −SEK 1.1m |
| Diluted earnings per share | -0.02 | -0.09 | -0.10 | -0.17 | -0.30 | -0.29 | 0.09 | -0.12 |
| Cash from operations | — | — | — | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m | — | — |
| Capital spending | — | — | — | — | — | — | −SEK 1.0m | — |
| Total assets | SEK 17.5m | SEK 16.4m | SEK 17.4m | SEK 18.1m | SEK 20.1m | SEK 22.9m | SEK 26.1m | SEK 24.3m |
| Cash and short-term investments | SEK 12.3m | SEK 12.8m | SEK 13.2m | SEK 13.5m | SEK 14.8m | SEK 16.5m | SEK 17.9m | SEK 18.0m |
| Shareholders' equity | SEK 14.9m | SEK 15.1m | SEK 15.9m | SEK 16.9m | SEK 18.5m | SEK 21.1m | SEK 24.0m | SEK 23.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -23.7% | -31.8% | 23.2% |
| Operating income | -26.9% | — | 11.6% |
| Net income | -20.1% | — | 12.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -45.2% | -66.6% | -27.6% | -26.9% |
| Net margin | -42.6% | -61.4% | -25.2% | -24.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.5 | -6.2 | -1.3 | -5.2 | -17.1 | 219.4 | -459.4 | -13.5 | -24.5 |
| Price to sales | 1.3 | 2.2 | 1.4 | 2.4 | 3.0 | 6.8 | 8.8 | 4.0 | 6.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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