S 
0.18
—
Close of 2 Nov 2026, in ISK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in ISK, from our data supplier.
Revenue
ISK 114.1m
FY2018FY2025
Net income
−ISK 260.7m
FY2018FY2025
Free cash flow
−ISK 478.1m
FY2018FY2025
Shareholders' equity
ISK 1.30bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ISK 114.1m | ISK 99.2m | ISK 20.5m | ISK 11.1m | ISK 14.4m | ISK 63.8m | ISK 21.4m | ISK 55.4m |
| Research and development | ISK 5.4m | ISK 27.9m | ISK 4.6m | ISK 4.9m | ISK 3.3m | −ISK 95.4m | −ISK 74.9m | −ISK 69.1m |
| Operating income | −ISK 249.2m | −ISK 247.5m | −ISK 146.3m | −ISK 106.2m | −ISK 60.4m | −ISK 24.0m | −ISK 37.8m | −ISK 17.9m |
| Net income | −ISK 260.7m | −ISK 404.5m | −ISK 83.1m | −ISK 50.8m | −ISK 34.1m | ISK 9.6m | −ISK 36.4m | −ISK 12.1m |
| Diluted earnings per share | -0.36 | -1.22 | -0.45 | -0.28 | -0.18 | 0.05 | -0.20 | -0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ISK 1.36bn | ISK 1.17bn | ISK 1.22bn | ISK 1.30bn | ISK 1.34bn | ISK 658.2m | ISK 556.6m | ISK 373.2m |
| Cash and short-term investments | — | — | — | — | — | ISK 59.0m | ISK 113.7m | ISK 95.8m |
| Total liabilities | ISK 58.6m | ISK 101.9m | ISK 42.6m | ISK 42.0m | ISK 38.2m | ISK 24.3m | ISK 34.3m | ISK 12.3m |
| Debt | — | — | — | — | — | ISK 14.2m | ISK 19.4m | — |
| Shareholders' equity | ISK 1.30bn | ISK 1.07bn | ISK 1.18bn | ISK 1.26bn | ISK 1.30bn | ISK 633.8m | ISK 522.3m | ISK 360.9m |
| Shares outstanding | 717m | 332m | 184m | 184m | 184m | 184m | 184m | 184m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −ISK 105.7m | −ISK 112.7m | −ISK 38.1m | −ISK 14.7m | ISK 2.3m | ISK 27.3m | −ISK 50.1m | −ISK 17.3m |
| Capital spending | −ISK 372.4m | −ISK 380.4m | −ISK 360.7m | −ISK 350.9m | −ISK 286.3m | −ISK 177.4m | −ISK 124.8m | −ISK 97.3m |
| Free cash flow | −ISK 478.1m | −ISK 493.1m | −ISK 398.9m | −ISK 365.6m | −ISK 284.0m | −ISK 150.1m | −ISK 174.9m | −ISK 114.6m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ISK 74.2m | ISK 70.1m | ISK 29.1m | ISK 10.6m | ISK 9.9m | ISK 4.5m | ISK 6.7m | ISK 3.8m |
| Operating income | −ISK 110.3m | −ISK 116.0m | −ISK 131.9m | −ISK 78.0m | −ISK 68.0m | −ISK 66.5m | −ISK 39.7m | −ISK 32.6m |
| Net income | −ISK 127.1m | −ISK 302.0m | −ISK 102.5m | −ISK 33.0m | −ISK 50.0m | −ISK 24.4m | −ISK 26.3m | −ISK 21.2m |
| Diluted earnings per share | -0.18 | -0.91 | -0.31 | -0.18 | -0.27 | -0.13 | -0.14 | -0.12 |
| Total assets | ISK 1.46bn | ISK 1.17bn | ISK 1.42bn | ISK 1.22bn | ISK 1.25bn | ISK 1.30bn | ISK 1.32bn | ISK 1.34bn |
| Cash and short-term investments | — | — | — | ISK 44.0m | ISK 118.5m | ISK 310.1m | ISK 384.8m | ISK 569.6m |
| Debt | — | — | — | — | ISK 2.2m | ISK 4.9m | ISK 2.6m | ISK 4.5m |
| Shareholders' equity | ISK 1.42bn | ISK 1.07bn | ISK 1.37bn | ISK 1.18bn | ISK 1.21bn | ISK 1.26bn | ISK 1.27bn | ISK 1.30bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 117.2% | 12.3% | — |
| Operating income | 32.9% | 59.7% | — |
| Net income | 72.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -232.8% | -305.8% | -258.0% | — |
| Net margin | -311.8% | -326.2% | -254.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -0.4 | -0.1 | — | -0.0 | -0.0 |
| Price to sales | 0.9 | 0.2 | 0.0 | 0.0 | 0.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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