S 
8.28
-0.96%
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 228.7m
FY2016FY2025
Net income
SEK 1.7m
FY2016FY2025
Free cash flow
−SEK 26.6m
FY2016FY2025
Shareholders' equity
SEK 57.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 228.7m | SEK 307.3m | SEK 308.1m | SEK 250.0m | SEK 257.8m | SEK 160.5m | SEK 198.9m | SEK 216.0m | SEK 362.2m | SEK 106.6m |
| Research and development | — | — | — | SEK 34,000 | SEK 237,000 | SEK 334,000 | SEK 870,000 | SEK 612,000 | SEK 1.0m | SEK 6.3m |
| Operating income | SEK 6.3m | −SEK 6.4m | −SEK 17.4m | −SEK 10.6m | SEK 6.8m | −SEK 23.9m | −SEK 16.6m | −SEK 90.9m | −SEK 34.0m | −SEK 49.2m |
| Net income | SEK 1.7m | −SEK 15.1m | −SEK 26.7m | −SEK 10.2m | SEK 2.1m | −SEK 28.4m | −SEK 18.5m | −SEK 98.7m | −SEK 42.0m | −SEK 49.6m |
| Diluted earnings per share | 0.24 | -0.21 | -0.32 | -0.12 | 0.03 | -0.35 | -0.36 | -5.01 | -3.58 | -24.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 141.8m | SEK 160.9m | SEK 198.6m | SEK 189.8m | SEK 167.7m | SEK 123.1m | SEK 140.4m | SEK 228.9m | SEK 342.5m | SEK 297.4m |
| Cash and short-term investments | SEK 5.4m | SEK 12.2m | SEK 3.5m | SEK 4.5m | SEK 7.3m | SEK 13.3m | SEK 31.6m | SEK 21.3m | SEK 24.0m | SEK 29.6m |
| Total liabilities | SEK 83.9m | SEK 102.9m | SEK 185.5m | SEK 151.4m | SEK 127.2m | SEK 85.3m | SEK 156.2m | SEK 226.9m | SEK 270.9m | SEK 238.3m |
| Debt | SEK 13.5m | SEK 7.1m | SEK 34.6m | SEK 28.8m | SEK 8.7m | SEK 8.1m | SEK 66.8m | SEK 65.4m | SEK 37.8m | SEK 43.0m |
| Shareholders' equity | SEK 57.9m | SEK 58.0m | SEK 13.1m | SEK 38.4m | SEK 40.5m | SEK 37.7m | −SEK 15.8m | SEK 2.1m | SEK 71.7m | SEK 59.0m |
| Shares outstanding | 7m | 72m | 82m | 82m | 80m | 80m | 51m | 20m | 12m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 13.3m | −SEK 19.8m | −SEK 5.3m | −SEK 10.8m | −SEK 14.9m | −SEK 40.2m | −SEK 9.6m | −SEK 27.3m | −SEK 52.1m | −SEK 33.6m |
| Capital spending | −SEK 13.3m | −SEK 1.9m | −SEK 1.5m | −SEK 4.9m | −SEK 3.7m | −SEK 1.4m | −SEK 1.3m | −SEK 1.3m | −SEK 2.3m | −SEK 7.3m |
| Free cash flow | −SEK 26.6m | −SEK 21.8m | −SEK 6.8m | −SEK 15.7m | −SEK 18.6m | −SEK 41.5m | −SEK 10.9m | −SEK 28.6m | −SEK 54.4m | −SEK 40.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 48.2m | SEK 35.4m | SEK 62.7m | SEK 62.2m | SEK 58.6m | SEK 45.2m | SEK 78.6m | SEK 79.7m |
| Operating income | −SEK 942,000 | −SEK 2.7m | SEK 6.6m | SEK 1.7m | SEK 746,000 | −SEK 3.0m | −SEK 2.5m | SEK 4.8m |
| Net income | −SEK 2.1m | −SEK 3.1m | SEK 6.1m | −SEK 311,000 | −SEK 757,000 | −SEK 3.3m | −SEK 4.0m | SEK 2.1m |
| Diluted earnings per share | -0.28 | -0.43 | 0.85 | -0.04 | -0.11 | -0.46 | -0.06 | 0.03 |
| Cash from operations | SEK 1.0m | SEK 7.0m | −SEK 7.0m | −SEK 1.0m | −SEK 13.0m | SEK 9.0m | −SEK 9.0m | SEK 4.0m |
| Capital spending | −SEK 1.0m | −SEK 7.0m | −SEK 7.0m | −SEK 1.0m | — | — | −SEK 1.0m | — |
| Free cash flow | SEK 0 | SEK 0 | −SEK 14.0m | −SEK 2.0m | — | — | −SEK 10.0m | — |
| Total assets | SEK 147.1m | SEK 149.1m | SEK 141.8m | SEK 128.3m | SEK 131.9m | SEK 151.8m | SEK 160.9m | SEK 189.4m |
| Cash and short-term investments | SEK 10.0m | SEK 9.0m | SEK 5.4m | SEK 5.1m | SEK 7.5m | SEK 23.0m | SEK 12.2m | SEK 25.5m |
| Debt | SEK 1.2m | SEK 7.7m | SEK 14.9m | SEK 5.1m | SEK 6.0m | SEK 6.7m | SEK 7.1m | SEK 4.3m |
| Shareholders' equity | SEK 53.2m | SEK 54.9m | SEK 57.9m | SEK 52.3m | SEK 52.8m | SEK 53.3m | SEK 58.0m | SEK 62.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.9% | 7.3% | 9.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.0% | -2.6% | -3.0% | -10.0% |
| Net margin | -2.5% | -4.6% | -5.1% | -13.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 45.3 | -38.7 | -97.7 | -341.7 | — | -327.7 | -232.2 | -4.3 | -18.2 | -8.0 |
| Price to sales | 0.3 | 1.9 | 8.4 | 13.9 | 36.8 | 58.0 | 21.5 | 2.0 | 2.1 | 3.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1000-to-1 reverse split · 21 Nov 2024
- 100-to-1 reverse split · 14 Sept 2016
- 100-to-1 reverse split · 30 Sept 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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