S
4.85
-2.02%
Close of 9 Nov 2026, in SEK
Search any instrument
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 58.0m
FY2016FY2025
Net income
−SEK 11.6m
FY2016FY2025
Free cash flow
−SEK 10.1m
FY2016FY2025
Shareholders' equity
SEK 77.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 58.0m | SEK 57.7m | SEK 49.9m | SEK 41.8m | SEK 15.4m | SEK 8.0m | SEK 2.7m | SEK 2.0m | SEK 1.2m | SEK 498,000 |
| Research and development | SEK 3.7m | SEK 7.1m | SEK 3.7m | SEK 9.0m | SEK 3.9m | SEK 2.6m | SEK 10.8m | SEK 5.8m | SEK 5.9m | — |
| Operating income | −SEK 11.5m | −SEK 18.9m | −SEK 14.7m | −SEK 20.2m | −SEK 31.5m | −SEK 27.1m | −SEK 37.9m | −SEK 20.7m | −SEK 16.6m | −SEK 11.3m |
| Net income | −SEK 11.6m | −SEK 17.9m | −SEK 22.1m | −SEK 24.9m | −SEK 31.3m | −SEK 27.3m | −SEK 50.2m | −SEK 16.1m | −SEK 13.0m | −SEK 8.9m |
| Diluted earnings per share | -0.39 | -0.61 | -0.92 | -1.03 | -1.41 | -1.28 | -3.01 | -1.03 | -0.84 | -0.83 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 116.1m | SEK 111.9m | SEK 97.2m | SEK 120.0m | SEK 133.8m | SEK 111.5m | SEK 143.0m | SEK 90.5m | SEK 108.7m | SEK 34.9m |
| Cash and short-term investments | SEK 26.8m | SEK 39.6m | SEK 17.6m | SEK 40.0m | SEK 69.2m | SEK 89.3m | SEK 120.5m | SEK 56.6m | SEK 82.7m | SEK 22.6m |
| Total liabilities | SEK 38.4m | SEK 25.3m | SEK 29.6m | SEK 30.3m | SEK 23.6m | SEK 3.8m | SEK 8.7m | SEK 4.5m | SEK 7.7m | SEK 2.2m |
| Debt | SEK 28.6m | SEK 1.8m | SEK 1.7m | SEK 1.3m | SEK 2.3m | — | — | −SEK 1.3m | — | — |
| Shareholders' equity | SEK 77.7m | SEK 86.6m | SEK 67.6m | SEK 89.7m | SEK 110.2m | SEK 107.8m | SEK 134.2m | SEK 85.9m | SEK 101.0m | SEK 32.7m |
| Shares outstanding | 30m | 30m | 24m | 24m | 22m | 21m | 17m | 16m | 15m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 7.0m | −SEK 9.3m | −SEK 16.5m | −SEK 16.1m | −SEK 21.0m | −SEK 29.4m | −SEK 31.1m | −SEK 23.2m | −SEK 11.6m | −SEK 9.7m |
| Capital spending | −SEK 3.0m | −SEK 4.5m | −SEK 3.8m | −SEK 2.6m | −SEK 2.7m | −SEK 2.4m | −SEK 3.6m | −SEK 4.0m | −SEK 9.6m | −SEK 1.3m |
| Free cash flow | −SEK 10.1m | −SEK 13.9m | −SEK 20.3m | −SEK 18.7m | −SEK 23.6m | −SEK 31.8m | −SEK 34.7m | −SEK 27.2m | −SEK 21.2m | −SEK 11.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 15.3m | SEK 15.0m | SEK 15.6m | SEK 15.2m | SEK 13.5m | SEK 13.7m | SEK 15.5m | SEK 13.2m |
| Operating income | −SEK 2.4m | −SEK 2.2m | −SEK 4.7m | −SEK 2.6m | −SEK 5.9m | −SEK 3.8m | −SEK 4.5m | −SEK 3.9m |
| Net income | −SEK 2.2m | −SEK 1.9m | −SEK 4.5m | −SEK 2.1m | −SEK 5.3m | −SEK 4.1m | −SEK 4.7m | −SEK 2.4m |
| Diluted earnings per share | -0.07 | -0.06 | -0.15 | -0.07 | -0.18 | -0.14 | -0.16 | -0.08 |
| Cash from operations | — | −SEK 3.0m | SEK 3.0m | −SEK 3.0m | −SEK 3.0m | −SEK 3.0m | −SEK 1.0m | SEK 2.0m |
| Capital spending | — | — | −SEK 1.0m | −SEK 1.0m | −SEK 1.0m | — | −SEK 2.0m | — |
| Free cash flow | — | — | SEK 2.0m | −SEK 4.0m | −SEK 4.0m | — | −SEK 3.0m | — |
| Total assets | SEK 123.5m | SEK 127.7m | SEK 116.1m | SEK 98.4m | SEK 104.2m | SEK 100.7m | SEK 111.9m | SEK 109.2m |
| Cash and short-term investments | SEK 35.5m | SEK 38.1m | SEK 26.8m | SEK 29.3m | SEK 34.4m | SEK 34.7m | SEK 39.6m | SEK 42.6m |
| Debt | SEK 8.4m | SEK 8.9m | SEK 18.9m | SEK 5.6m | SEK 5.9m | SEK 1.5m | SEK 1.8m | SEK 2.1m |
| Shareholders' equity | SEK 89.9m | SEK 91.7m | SEK 77.7m | SEK 74.2m | SEK 76.4m | SEK 80.8m | SEK 86.6m | SEK 89.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.5% | 48.8% | 41.9% |
| Operating income | -17.1% | -15.8% | 8.9% |
| Net income | -22.5% | -15.8% | 15.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -26.3% | -31.5% | -53.8% | -90.2% |
| Net margin | -25.4% | -36.9% | -58.6% | -94.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.5 | -11.4 | -7.9 | -11.7 | -7.1 | -10.0 | -6.2 | -30.6 | -39.5 |
| Price to sales | 3.1 | 3.5 | 3.5 | 7.0 | 14.4 | 34.2 | 114.2 | 246.9 | 444.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.