S 
0.46
-8.51%
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 54.2m
FY2017FY2026
Net income
−SEK 3.4m
FY2017FY2026
Free cash flow
−SEK 6.8m
FY2017FY2026
Shareholders' equity
SEK 41.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 54.2m | SEK 60.4m | SEK 60.4m | SEK 61.5m | SEK 57.7m | SEK 60.0m | SEK 57.3m | SEK 48.8m | SEK 50.6m | SEK 47.4m |
| Research and development | — | — | SEK 2.2m | SEK 5.3m | SEK 4.5m | SEK 4.4m | SEK 4.4m | SEK 4.4m | SEK 4.4m | SEK 4.4m |
| Operating income | −SEK 2.7m | −SEK 13.5m | −SEK 13.4m | −SEK 8.4m | −SEK 7.6m | −SEK 351,000 | −SEK 12.8m | −SEK 17.5m | −SEK 11.7m | −SEK 12.6m |
| Net income | −SEK 3.4m | −SEK 14.6m | −SEK 14.6m | −SEK 9.1m | −SEK 7.3m | −SEK 1.4m | −SEK 13.1m | −SEK 17.8m | −SEK 11.6m | −SEK 13.2m |
| Diluted earnings per share | -0.06 | -0.26 | -0.26 | -0.20 | -0.16 | -0.03 | -0.32 | -0.43 | -0.40 | -0.46 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 66.0m | SEK 73.4m | SEK 81.5m | SEK 72.4m | SEK 66.2m | SEK 77.2m | SEK 71.0m | SEK 69.2m | SEK 66.1m | SEK 63.5m |
| Cash and short-term investments | SEK 4.4m | SEK 10.1m | SEK 1.5m | SEK 3.5m | SEK 6.2m | SEK 9.0m | SEK 6.9m | SEK 2.0m | SEK 9.1m | SEK 8.3m |
| Total liabilities | SEK 24.3m | SEK 28.4m | SEK 37.2m | SEK 30.8m | SEK 29.0m | SEK 32.0m | SEK 24.7m | SEK 40.6m | SEK 19.5m | SEK 19.5m |
| Debt | — | — | −SEK 7.7m | SEK 10.9m | SEK 8.3m | SEK 83,000 | SEK 1.7m | SEK 17.8m | SEK 2.6m | SEK 3.1m |
| Shareholders' equity | SEK 41.7m | SEK 45.0m | SEK 44.3m | SEK 41.7m | SEK 37.2m | SEK 45.2m | SEK 46.3m | SEK 28.6m | SEK 46.6m | SEK 44.0m |
| Shares outstanding | 57m | 57m | 57m | 46m | 46m | 42m | 41m | 42m | 29m | 29m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 2.9m | SEK 230,000 | SEK 1.5m | −SEK 11.9m | SEK 2.4m | SEK 8.6m | −SEK 5.7m | −SEK 13.3m | −SEK 9.2m | −SEK 13.2m |
| Capital spending | −SEK 3.9m | −SEK 2.9m | −SEK 2.9m | −SEK 4.4m | −SEK 4.7m | −SEK 4.6m | −SEK 4.1m | −SEK 8.6m | −SEK 3.6m | −SEK 2.5m |
| Free cash flow | −SEK 6.8m | −SEK 2.7m | −SEK 1.5m | −SEK 16.3m | −SEK 2.3m | SEK 4.1m | −SEK 9.8m | −SEK 21.9m | −SEK 12.8m | −SEK 15.7m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 7.3m | SEK 14.2m | SEK 13.7m | SEK 14.9m | SEK 11.6m | SEK 15.3m | SEK 17.7m | SEK 16.4m |
| Operating income | −SEK 6.7m | −SEK 174,000 | −SEK 751,000 | SEK 317,000 | −SEK 2.2m | −SEK 677,000 | SEK 1.2m | SEK 623,000 |
| Net income | −SEK 6.9m | SEK 128,000 | −SEK 1.7m | SEK 297,000 | −SEK 2.2m | −SEK 614,000 | SEK 1.1m | SEK 489,000 |
| Diluted earnings per share | -0.12 | 0.00 | -0.03 | 0.01 | -0.04 | -0.01 | 0.02 | 0.01 |
| Cash from operations | — | — | — | −SEK 3.0m | — | — | SEK 1.0m | −SEK 9.0m |
| Capital spending | −SEK 1.0m | — | — | — | −SEK 1.0m | — | — | — |
| Total assets | SEK 72.1m | SEK 66.0m | SEK 68.1m | SEK 68.3m | SEK 70.8m | SEK 73.4m | SEK 73.5m | SEK 72.8m |
| Cash and short-term investments | SEK 16.0m | SEK 4.4m | SEK 5.8m | SEK 5.7m | SEK 9.5m | SEK 10.1m | SEK 9.4m | SEK 9.1m |
| Debt | SEK 2.3m | — | — | — | — | — | — | — |
| Shareholders' equity | SEK 47.2m | SEK 41.7m | SEK 41.8m | SEK 43.2m | SEK 42.8m | SEK 45.0m | SEK 45.1m | SEK 44.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.1% | -2.0% | 4.9% |
| Operating income | -31.3% | 50.5% | -14.8% |
| Net income | -27.8% | 19.7% | -13.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -14.1% | -16.0% | -13.0% | -19.3% |
| Net margin | -15.8% | -17.7% | -14.3% | -20.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.2 | -4.6 | -7.0 | -10.2 | -14.9 | -86.2 | -13.2 | -8.4 | -8.1 | -18.0 |
| Price to sales | 0.6 | 1.1 | 1.7 | 1.5 | 1.9 | 2.0 | 3.0 | 3.1 | 1.9 | 5.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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