R 
0.51
0.00%
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 21.3m
FY2016FY2025
Net income
−SEK 16.1m
FY2016FY2025
Free cash flow
−SEK 35.6m
FY2016FY2025
Shareholders' equity
−SEK 1.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 21.3m | SEK 28.7m | SEK 20.5m | SEK 17.7m | SEK 15.3m | SEK 9.7m | SEK 36.4m | SEK 15.8m | SEK 9.8m | SEK 22.2m |
| Research and development | SEK 23.8m | SEK 22.7m | SEK 29.2m | SEK 34.0m | SEK 34.3m | SEK 34.2m | SEK 30.4m | SEK 10.4m | — | — |
| Operating income | −SEK 18.9m | −SEK 22.2m | −SEK 24.4m | −SEK 44.4m | −SEK 22.0m | −SEK 34.1m | −SEK 23.9m | −SEK 15.6m | −SEK 21.0m | −SEK 9.0m |
| Net income | −SEK 16.1m | −SEK 12.6m | −SEK 27.4m | −SEK 26.7m | −SEK 24.0m | −SEK 36.9m | −SEK 23.9m | −SEK 20.1m | −SEK 21.1m | −SEK 9.0m |
| Diluted earnings per share | -0.23 | -0.27 | -0.86 | -0.88 | -0.88 | -1.70 | -1.19 | -1.00 | -1.05 | -0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 13.8m | SEK 14.0m | SEK 16.2m | SEK 20.2m | SEK 35.7m | SEK 21.5m | SEK 46.3m | SEK 38.4m | SEK 8.8m | SEK 9.3m |
| Cash and short-term investments | SEK 1.8m | SEK 2.8m | SEK 1.5m | SEK 5.1m | SEK 17.4m | SEK 2.6m | SEK 10.8m | SEK 21.3m | SEK 1.7m | SEK 4.7m |
| Total liabilities | SEK 14.9m | SEK 33.1m | SEK 22.8m | SEK 19.4m | SEK 8.1m | SEK 21.4m | SEK 40.1m | SEK 6.7m | SEK 2.4m | SEK 2.0m |
| Debt | SEK 7.6m | SEK 25.3m | SEK 14.1m | SEK 13.5m | SEK 2.1m | SEK 16.0m | SEK 28.8m | — | — | — |
| Shareholders' equity | −SEK 1.1m | −SEK 19.1m | −SEK 6.5m | SEK 823,000 | SEK 27.5m | SEK 50,000 | SEK 6.2m | SEK 31.6m | SEK 6.4m | SEK 7.3m |
| Shares outstanding | 69m | 46m | 32m | 30m | 27m | 22m | 20m | 20m | 20m | 69m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 17.8m | −SEK 7.4m | −SEK 23.3m | −SEK 23.4m | −SEK 26.8m | −SEK 25.2m | −SEK 31.3m | −SEK 28.8m | −SEK 22.8m | −SEK 25.7m |
| Capital spending | −SEK 17.8m | — | — | — | — | — | — | −SEK 681,000 | −SEK 97,000 | −SEK 314,000 |
| Free cash flow | −SEK 35.6m | −SEK 7.4m | −SEK 23.3m | −SEK 23.4m | −SEK 26.8m | −SEK 25.2m | −SEK 31.3m | −SEK 29.5m | −SEK 22.9m | −SEK 26.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 5.6m | SEK 5.6m | SEK 5.2m | SEK 5.2m | SEK 5.4m | SEK 5.4m | SEK 5.8m | SEK 5.8m |
| Operating income | −SEK 3.2m | −SEK 3.2m | −SEK 3.2m | −SEK 3.2m | −SEK 4.0m | −SEK 4.0m | −SEK 3.3m | −SEK 3.3m |
| Net income | −SEK 3.5m | −SEK 3.5m | −SEK 3.3m | −SEK 3.3m | −SEK 4.7m | −SEK 4.7m | −SEK 3.9m | −SEK 3.9m |
| Diluted earnings per share | -0.05 | -0.05 | -0.05 | -0.05 | -0.07 | -0.07 | -0.08 | -0.08 |
| Cash from operations | — | — | −SEK 4.0m | −SEK 4.0m | −SEK 4.0m | −SEK 4.0m | −SEK 1.0m | −SEK 1.0m |
| Total assets | SEK 9.5m | SEK 9.5m | SEK 13.8m | SEK 13.8m | SEK 13.8m | SEK 13.8m | SEK 14.0m | SEK 12.1m |
| Cash and short-term investments | SEK 4.0m | SEK 4.0m | SEK 1.8m | SEK 1.8m | SEK 3.9m | SEK 3.9m | SEK 2.8m | SEK 2.8m |
| Debt | — | — | SEK 7.6m | — | — | — | SEK 25.3m | — |
| Shareholders' equity | −SEK 8.0m | −SEK 8.0m | −SEK 1.1m | −SEK 1.1m | SEK 5.6m | SEK 5.6m | −SEK 19.1m | −SEK 21.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.4% | 17.0% | — |
| Operating income | -24.8% | -11.1% | — |
| Net income | -15.5% | -15.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.0 | -0.0 | -0.0 | -0.1 | -0.0 | -0.1 | -0.0 |
| Price to sales | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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