M 
17.32
+0.58%
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 332.6m
FY2016FY2025
Net income
SEK 18.8m
FY2016FY2025
Free cash flow
SEK 29.0m
FY2016FY2025
Shareholders' equity
SEK 135.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 332.6m | SEK 320.0m | SEK 311.9m | SEK 201.6m | SEK 255.8m | SEK 264.1m | SEK 218.8m | SEK 156.5m |
| Operating income | SEK 13.7m | −SEK 15.2m | −SEK 27.2m | −SEK 23.2m | −SEK 13.1m | −SEK 938,000 | SEK 5.0m | −SEK 3.6m |
| Net income | SEK 18.8m | −SEK 24.3m | SEK 33.2m | −SEK 21.9m | −SEK 12.2m | −SEK 1.1m | SEK 4.5m | −SEK 3.7m |
| Diluted earnings per share | 0.86 | -1.32 | 4.86 | -3.96 | -2.19 | -0.27 | 1.48 | -1.79 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 443.0m | SEK 444.5m | SEK 449.6m | SEK 212.5m | SEK 274.0m | SEK 251.1m | SEK 189.0m | SEK 109.7m |
| Cash and short-term investments | SEK 60.2m | SEK 42.2m | SEK 29.3m | SEK 33.8m | SEK 38.1m | SEK 41.1m | SEK 29.4m | SEK 27.6m |
| Total liabilities | SEK 307.5m | SEK 354.8m | SEK 360.3m | SEK 99.1m | SEK 103.8m | SEK 99.8m | SEK 80.5m | SEK 50.7m |
| Debt | SEK 84.3m | SEK 131.7m | SEK 126.1m | SEK 35.6m | SEK 42.6m | SEK 24.9m | SEK 16.0m | SEK 10.0m |
| Shareholders' equity | SEK 135.6m | SEK 89.8m | SEK 89.4m | SEK 95.6m | SEK 139.0m | SEK 132.4m | SEK 108.5m | SEK 59.0m |
| Shares outstanding | 22m | 18m | 7m | 6m | 6m | 4m | 3m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 43.2m | −SEK 369,000 | −SEK 2.2m | SEK 15.5m | SEK 7.1m | SEK 10.8m | SEK 5.6m | −SEK 6.3m |
| Capital spending | −SEK 14.2m | −SEK 13.2m | −SEK 13.6m | −SEK 4.2m | −SEK 3.8m | −SEK 5.7m | −SEK 2.8m | −SEK 128,000 |
| Free cash flow | SEK 29.0m | −SEK 13.6m | −SEK 15.8m | SEK 11.3m | SEK 3.3m | SEK 5.1m | SEK 2.9m | −SEK 6.4m |
| Dividends paid | −SEK 21.5m | −SEK 18.4m | — | −SEK 3.7m | −SEK 2.5m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 82.7m | SEK 78.8m | SEK 86.4m | SEK 79.3m | SEK 82.7m | SEK 84.2m | SEK 88.0m | SEK 78.0m |
| Operating income | SEK 1.3m | SEK 2.3m | −SEK 8.4m | SEK 13.1m | SEK 4.1m | SEK 4.9m | SEK 1.1m | SEK 3.9m |
| Net income | SEK 910,000 | SEK 8.0m | SEK 982,000 | SEK 18.8m | −SEK 1.8m | SEK 834,000 | −SEK 3.7m | −SEK 298,000 |
| Diluted earnings per share | 0.04 | 0.36 | 0.04 | 0.86 | -0.08 | 0.04 | -0.20 | -0.02 |
| Cash from operations | −SEK 9.0m | SEK 25.0m | SEK 12.0m | SEK 12.0m | SEK 4.0m | SEK 13.0m | SEK 25.0m | −SEK 5.0m |
| Capital spending | — | −SEK 2.0m | −SEK 3.0m | −SEK 3.0m | −SEK 4.0m | −SEK 2.0m | −SEK 2.0m | −SEK 2.0m |
| Free cash flow | — | SEK 23.0m | SEK 9.0m | SEK 9.0m | SEK 0 | SEK 11.0m | SEK 23.0m | −SEK 7.0m |
| Total assets | SEK 417.7m | SEK 443.6m | SEK 443.0m | SEK 435.6m | SEK 445.7m | SEK 432.2m | SEK 444.5m | SEK 441.6m |
| Cash and short-term investments | SEK 39.0m | SEK 69.0m | SEK 60.2m | SEK 69.0m | — | — | — | — |
| Debt | SEK 56.9m | SEK 65.9m | SEK 75.0m | SEK 105.1m | SEK 3.8m | SEK 3.8m | SEK 3.8m | SEK 3.8m |
| Shareholders' equity | SEK 114.4m | SEK 143.9m | SEK 135.6m | SEK 113.7m | SEK 105.5m | SEK 89.3m | SEK 89.8m | SEK 94.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 620.6% | 10.5% | 16.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.2% | -5.1% | -8.9% | -5.6% |
| Net margin | -0.8% | -0.0% | -5.2% | -3.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.1 | -5.2 | 2.2 | -1.4 | -3.3 | -3.0 | -4.8 | -61.9 | 23.2 | -23.9 |
| Price to sales | 1.1 | 0.4 | 0.2 | 44.1 | 7.9 | 0.3 | 0.2 | 0.3 | 0.5 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 9 Dec 2025.
| FY2025 | FY2024 | FY2022 | FY2021 | FY2019 | FY2018 | FY2010 | FY2008 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.00 | 1.00 | 3.50 | 0.85 | 0.45 | 0.793 | 5.00 | 12.00 |
- 20-to-1 reverse split · 30 Jan 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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