S 
3.80
+4.40%
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 57.0m
FY2016FY2025
Net income
SEK 785,000
FY2016FY2025
Free cash flow
SEK 7.2m
FY2016FY2025
Shareholders' equity
SEK 29.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 57.0m | SEK 56.4m | SEK 56.4m | SEK 35.8m | SEK 26.8m | SEK 21.5m | SEK 22.9m | SEK 18.9m | SEK 14.2m | SEK 9.0m |
| Research and development | — | SEK 6.3m | SEK 5.4m | SEK 4.5m | SEK 3.8m | SEK 3.1m | SEK 2.7m | SEK 3.6m | — | — |
| Operating income | SEK 1.6m | −SEK 167,000 | −SEK 6.7m | −SEK 17.0m | −SEK 23.2m | −SEK 25.2m | −SEK 17.2m | −SEK 10.7m | −SEK 13.0m | −SEK 18.4m |
| Net income | SEK 785,000 | SEK 507,000 | −SEK 6.5m | −SEK 17.1m | −SEK 23.3m | −SEK 25.5m | −SEK 14.8m | −SEK 10.5m | −SEK 12.2m | −SEK 17.6m |
| Diluted earnings per share | 0.02 | 0.01 | -0.16 | -0.49 | -0.74 | -0.87 | -0.54 | -0.41 | -0.75 | -1.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 57.0m | SEK 52.2m | SEK 51.1m | SEK 51.6m | SEK 43.8m | SEK 28.6m | SEK 23.0m | SEK 39.9m | SEK 31.9m | SEK 35.8m |
| Cash and short-term investments | SEK 31.1m | SEK 23.8m | SEK 19.1m | SEK 26.3m | SEK 18.1m | SEK 1.3m | SEK 6.4m | SEK 19.9m | SEK 14.1m | SEK 18.5m |
| Total liabilities | SEK 27.7m | SEK 23.8m | SEK 23.4m | SEK 17.7m | SEK 19.3m | SEK 19.8m | SEK 11.6m | SEK 12.4m | SEK 8.9m | SEK 5.2m |
| Debt | — | — | — | — | SEK 857,000 | SEK 1.7m | SEK 2.6m | SEK 3.0m | SEK 3.0m | — |
| Shareholders' equity | SEK 29.3m | SEK 28.4m | SEK 27.7m | SEK 33.9m | SEK 24.6m | SEK 8.8m | SEK 11.4m | SEK 25.6m | SEK 21.1m | SEK 28.4m |
| Shares outstanding | 39m | 40m | 39m | 35m | 32m | 29m | 27m | 25m | 16m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 16.5m | SEK 12.0m | −SEK 13,000 | −SEK 10.6m | −SEK 15.0m | −SEK 21.1m | −SEK 12.4m | −SEK 6.2m | −SEK 8.2m | −SEK 15.5m |
| Capital spending | −SEK 9.3m | −SEK 7.6m | −SEK 7.3m | −SEK 8.1m | −SEK 6.4m | −SEK 6.1m | −SEK 2.9m | −SEK 2.8m | −SEK 4.2m | −SEK 8.2m |
| Free cash flow | SEK 7.2m | SEK 4.4m | −SEK 7.3m | −SEK 18.7m | −SEK 21.4m | −SEK 27.2m | −SEK 15.3m | −SEK 9.1m | −SEK 12.4m | −SEK 23.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 15.5m | SEK 14.7m | SEK 14.3m | SEK 14.1m | SEK 14.0m | SEK 14.6m | SEK 14.6m | SEK 14.3m |
| Operating income | SEK 299,000 | SEK 262,000 | SEK 574,000 | SEK 433,000 | −SEK 376,000 | SEK 131,000 | SEK 278,000 | SEK 125,000 |
| Net income | SEK 848,000 | SEK 531,000 | SEK 399,000 | SEK 374,000 | −SEK 249,000 | SEK 261,000 | SEK 909,000 | SEK 175,000 |
| Diluted earnings per share | 0.02 | 0.01 | 0.01 | 0.01 | -0.01 | 0.01 | 0.02 | 0.00 |
| Cash from operations | — | SEK 2.0m | SEK 4.0m | SEK 5.0m | — | SEK 7.0m | SEK 4.0m | SEK 2.0m |
| Total assets | SEK 66.4m | SEK 63.7m | SEK 57.0m | SEK 56.5m | SEK 62.0m | SEK 58.2m | SEK 52.2m | SEK 48.4m |
| Cash and short-term investments | SEK 35.9m | SEK 32.0m | SEK 31.1m | SEK 29.5m | SEK 25.8m | SEK 28.6m | SEK 23.8m | SEK 21.9m |
| Shareholders' equity | SEK 30.6m | SEK 29.8m | SEK 29.3m | SEK 28.9m | SEK 28.5m | SEK 28.7m | SEK 28.4m | SEK 27.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.7% | 21.5% | 36.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.2% | -10.9% | -27.9% | -45.9% |
| Net margin | 1.1% | -10.8% | -28.0% | -44.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 225.2 | — | -44.3 | -9.8 | -11.4 | -10.7 | -17.4 | -13.1 | -3.8 | -6.3 |
| Price to sales | 3.1 | 5.1 | 5.1 | 4.7 | 9.9 | 12.7 | 11.2 | 7.3 | 3.3 | 12.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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