Q 
0.87
-8.03%
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 324,000
FY2019FY2025
Net income
−SEK 20.6m
FY2019FY2025
Free cash flow
−SEK 37.1m
FY2019FY2025
Shareholders' equity
−SEK 7.5m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | SEK 324,000 | SEK 50,000 | SEK 244,000 | SEK 18.0m | SEK 39.6m | SEK 20.8m | SEK 11.6m |
| Research and development | — | SEK 472,000 | SEK 103.8m | SEK 10.7m | SEK 6.0m | — | — |
| Operating income | −SEK 19.4m | −SEK 12.9m | −SEK 168.7m | −SEK 95.7m | −SEK 43.9m | −SEK 31.3m | −SEK 5.0m |
| Net income | −SEK 20.6m | −SEK 56.0m | −SEK 160.0m | −SEK 93.1m | −SEK 38.8m | −SEK 20.2m | −SEK 5.3m |
| Diluted earnings per share | -1.64 | -0.01 | -0.13 | -1,347.92 | -696.54 | -511.39 | -0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | SEK 9.6m | SEK 11.6m | SEK 39.0m | SEK 192.7m | SEK 193.4m | SEK 127.2m | SEK 76.6m |
| Cash and short-term investments | SEK 1.4m | SEK 2.7m | SEK 1.7m | SEK 14.5m | SEK 73.5m | SEK 20.8m | SEK 4.0m |
| Total liabilities | SEK 17.1m | SEK 13.1m | SEK 62.2m | SEK 101.5m | SEK 30.3m | SEK 37.6m | SEK 14.1m |
| Debt | SEK 14.4m | SEK 8.7m | SEK 20.2m | SEK 52.4m | SEK 4.7m | SEK 4.0m | SEK 4.2m |
| Shareholders' equity | −SEK 7.5m | −SEK 1.4m | −SEK 23.1m | SEK 91.1m | SEK 132.5m | SEK 89.5m | SEK 62.5m |
| Shares outstanding | 13m | 4,679m | 1,269m | 0m | 0m | 0m | 49m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 21.5m | −SEK 37.4m | −SEK 41.8m | −SEK 47.7m | −SEK 26.1m | −SEK 16.8m | −SEK 3.9m |
| Capital spending | −SEK 15.6m | −SEK 16.8m | −SEK 20.8m | −SEK 42.9m | −SEK 26.8m | −SEK 26.8m | −SEK 2.0m |
| Free cash flow | −SEK 37.1m | −SEK 54.2m | −SEK 62.6m | −SEK 90.7m | −SEK 52.8m | −SEK 43.7m | −SEK 5.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 728,000 | SEK 21,000 | SEK 49,000 | SEK 65,000 | SEK 104,000 | SEK 110,000 | SEK 50,000 | — |
| Operating income | −SEK 5.0m | −SEK 5.8m | −SEK 1.9m | −SEK 6.7m | −SEK 5.2m | −SEK 5.6m | −SEK 8.1m | −SEK 27.3m |
| Net income | −SEK 5.0m | −SEK 6.2m | −SEK 2.3m | −SEK 6.8m | −SEK 5.2m | −SEK 6.1m | −SEK 7.1m | −SEK 28.1m |
| Diluted earnings per share | -0.24 | -0.30 | -0.19 | -0.54 | -0.41 | -0.49 | -0.00 | -0.01 |
| Cash from operations | −SEK 7.0m | −SEK 4.0m | −SEK 1.0m | −SEK 4.0m | −SEK 2.0m | −SEK 7.0m | −SEK 1.0m | −SEK 4.0m |
| Capital spending | −SEK 7.0m | −SEK 4.0m | −SEK 1.0m | — | — | — | −SEK 8.0m | −SEK 15.0m |
| Free cash flow | −SEK 14.0m | −SEK 8.0m | −SEK 2.0m | — | — | — | −SEK 9.0m | −SEK 19.0m |
| Total assets | SEK 12.6m | SEK 14.8m | SEK 9.6m | SEK 12.7m | SEK 9.4m | SEK 11.4m | SEK 11.6m | SEK 12.6m |
| Cash and short-term investments | SEK 4.4m | SEK 6.6m | SEK 1.4m | SEK 2.8m | SEK 651,000 | SEK 2.7m | SEK 2.7m | SEK 3.1m |
| Debt | SEK 8.4m | SEK 8.7m | SEK 8.5m | SEK 8.5m | SEK 8.7m | SEK 8.7m | SEK 8.7m | SEK 8.6m |
| Shareholders' equity | SEK 2.6m | SEK 1.9m | −SEK 7.5m | −SEK 5.3m | −SEK 5.5m | −SEK 367,000 | −SEK 1.4m | SEK 200,000 |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -73.8% | -56.5% | — |
| Operating income | -41.3% | -9.2% | — |
| Net income | -39.6% | 0.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8639.6% | -1594.5% | -471.1% | — |
| Net margin | -20465.0% | -1771.2% | -492.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -1.7 | -109.6 | -33.5 | -0.0 | -0.4 | -0.4 |
| Price to sales | 109.7 | — | — | 0.1 | 0.4 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2000-to-1 reverse split · 30 Jul 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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