S 
0.00
-5.56%
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 14.4m
FY2016FY2025
Net income
−SEK 10.1m
FY2016FY2025
Free cash flow
—
FY2016FY2025
Shareholders' equity
SEK 9.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 14.4m | SEK 14.9m | SEK 7.0m | SEK 4.7m | SEK 7.7m | SEK 25.6m | SEK 3.1m | SEK 1.5m | SEK 844,000 | SEK 340,000 |
| Research and development | — | — | SEK 606,114 | SEK 594,898 | SEK 385,342 | SEK 383,738 | SEK 383,738 | SEK 383,738 | SEK 383,738 | — |
| Operating income | −SEK 2.7m | SEK 5.8m | −SEK 15.3m | −SEK 27.7m | −SEK 19.8m | −SEK 15.1m | −SEK 18.3m | −SEK 10.6m | −SEK 5.2m | −SEK 1.0m |
| Net income | −SEK 10.1m | SEK 5.8m | −SEK 22.7m | −SEK 29.5m | −SEK 20.1m | −SEK 15.1m | −SEK 18.4m | −SEK 10.7m | −SEK 5.4m | −SEK 1.2m |
| Diluted earnings per share | -0.01 | 0.02 | -0.06 | -0.35 | -0.49 | -1.28 | -1.56 | -1.23 | -0.72 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 16.9m | SEK 18.1m | SEK 21.4m | SEK 25.3m | SEK 29.7m | SEK 41.2m | SEK 30.7m | SEK 49.1m | SEK 11.2m | SEK 6.4m |
| Cash and short-term investments | SEK 907,000 | SEK 1.0m | SEK 1.5m | SEK 3.7m | SEK 9.5m | SEK 25.3m | SEK 15.5m | SEK 36.4m | SEK 5.5m | SEK 2.0m |
| Total liabilities | SEK 7.0m | SEK 6.3m | SEK 19.7m | SEK 18.2m | SEK 15.0m | SEK 8.5m | SEK 5.6m | SEK 5.5m | SEK 3.8m | SEK 3.7m |
| Debt | — | — | −SEK 2.2m | SEK 231,496 | SEK 207,692 | SEK 830,769 | SEK 1.5m | SEK 2.2m | SEK 165,290 | — |
| Shareholders' equity | SEK 9.9m | SEK 11.8m | SEK 1.7m | SEK 7.1m | SEK 14.7m | SEK 32.8m | SEK 25.1m | SEK 43.5m | SEK 7.4m | SEK 2.8m |
| Shares outstanding | 869m | 366m | 358m | 84m | 41m | 12m | 12m | 9m | 8m | 912m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 675,000 | SEK 5.0m | −SEK 16.5m | −SEK 28.1m | −SEK 19.7m | −SEK 12.7m | −SEK 17.1m | −SEK 12.8m | −SEK 5.8m | −SEK 3.0m |
| Capital spending | −SEK 675,000 | −SEK 634,000 | −SEK 1.2m | −SEK 1.9m | −SEK 3.1m | −SEK 2.0m | −SEK 3.1m | −SEK 2.6m | −SEK 475,000 | −SEK 611,000 |
| Free cash flow | — | SEK 4.4m | −SEK 17.7m | −SEK 30.0m | −SEK 22.8m | −SEK 14.7m | −SEK 20.2m | −SEK 15.3m | −SEK 6.3m | −SEK 3.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 3.9m | SEK 3.9m | SEK 4.2m | SEK 4.2m | SEK 6.9m | SEK 3.9m | SEK 3.8m | SEK 3.8m |
| Operating income | SEK 94,000 | SEK 94,000 | −SEK 1.1m | −SEK 1.1m | −SEK 542,000 | −SEK 271,000 | −SEK 1.5m | −SEK 1.5m |
| Net income | SEK 93,000 | SEK 93,000 | −SEK 5.1m | −SEK 5.1m | SEK 163,000 | SEK 81,500 | −SEK 2.4m | −SEK 1.5m |
| Diluted earnings per share | 0.00 | 0.00 | -0.01 | -0.01 | 0.00 | 0.00 | -0.01 | -0.00 |
| Cash from operations | — | — | — | — | SEK 1.0m | — | SEK 2.0m | SEK 2.0m |
| Capital spending | — | — | −SEK 2.0m | — | −SEK 1.0m | — | — | — |
| Free cash flow | — | — | — | — | SEK 0 | — | — | — |
| Total assets | SEK 16.9m | SEK 16.9m | SEK 16.9m | SEK 16.9m | SEK 26.0m | SEK 26.0m | SEK 18.1m | SEK 25.4m |
| Cash and short-term investments | SEK 564,000 | SEK 564,000 | SEK 906,868 | SEK 906,868 | SEK 1.3m | SEK 1.3m | SEK 1.0m | SEK 1.0m |
| Shareholders' equity | SEK 10.1m | SEK 10.1m | SEK 9.9m | SEK 9.9m | SEK 18.9m | SEK 18.9m | SEK 11.8m | SEK 18.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 45.4% | -10.9% | 25.1% |
| Operating income | -54.1% | -29.2% | — |
| Net income | -30.0% | -7.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 10.6% | -97.4% | -100.7% | -134.8% |
| Net margin | -14.8% | -138.1% | -123.5% | -156.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.9 | 0.7 | -0.6 | -0.1 | -0.2 | -0.1 | -0.1 | -0.5 |
| Price to sales | 0.7 | 0.3 | 2.0 | 0.3 | 0.6 | 0.1 | 0.7 | 3.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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