S 
0.05
+2.17%
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 1.71bn
FY2016FY2025
Net income
−SEK 588.4m
FY2016FY2025
Free cash flow
−SEK 322.3m
FY2016FY2025
Shareholders' equity
SEK 467.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 1.71bn | SEK 2.41bn | SEK 2.90bn | SEK 1.93bn | SEK 912.7m | SEK 434.1m | SEK 264.0m | SEK 53.7m | SEK 47.5m | SEK 49.3m |
| Research and development | — | SEK 589,000 | SEK 567,000 | SEK 326,000 | — | — | — | — | — | — |
| Operating income | −SEK 483.5m | −SEK 249.0m | SEK 28.3m | −SEK 205.5m | SEK 202.2m | SEK 2.0m | SEK 24.8m | SEK 5.2m | −SEK 12.8m | −SEK 14.4m |
| Net income | −SEK 588.4m | −SEK 277.9m | −SEK 164.6m | −SEK 269.9m | SEK 81.7m | −SEK 141.0m | −SEK 45.8m | −SEK 15.9m | −SEK 20.4m | −SEK 17.7m |
| Diluted earnings per share | -0.78 | -2.10 | -1.24 | -2.31 | 0.76 | -2.16 | -0.79 | -0.33 | -0.79 | -0.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 1.76bn | SEK 2.09bn | SEK 2.50bn | SEK 2.33bn | SEK 1.49bn | SEK 1.75bn | SEK 1.39bn | SEK 713.1m | SEK 336.3m | SEK 185.5m |
| Cash and short-term investments | SEK 230.3m | SEK 235.0m | SEK 212.3m | SEK 268.3m | SEK 335.8m | SEK 221.9m | SEK 101.7m | SEK 46.4m | SEK 44.7m | SEK 37.7m |
| Total liabilities | SEK 1.29bn | SEK 1.33bn | SEK 1.48bn | SEK 1.20bn | SEK 546.8m | SEK 1.21bn | SEK 1.06bn | SEK 477.4m | SEK 187.4m | SEK 97.3m |
| Debt | SEK 578.3m | SEK 361.7m | SEK 246.9m | SEK 373.4m | SEK 109.4m | SEK 886.3m | SEK 842.2m | SEK 322.7m | SEK 83.8m | SEK 66.1m |
| Shareholders' equity | SEK 467.8m | SEK 747.6m | SEK 1.01bn | SEK 1.12bn | SEK 903.6m | SEK 424.1m | SEK 201.5m | SEK 141.4m | SEK 146.4m | SEK 86.0m |
| Shares outstanding | 756m | 132m | 132m | 117m | 108m | 65m | 58m | 47m | 26m | 33m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 161.2m | SEK 91.5m | −SEK 942,000 | −SEK 191.3m | −SEK 105.2m | −SEK 8.7m | −SEK 59.7m | −SEK 49.6m | SEK 26.8m | −SEK 13.8m |
| Capital spending | −SEK 161.2m | −SEK 71.4m | −SEK 94.5m | −SEK 28.4m | −SEK 177.1m | −SEK 176.9m | −SEK 413.6m | −SEK 329.5m | −SEK 70.5m | −SEK 67.3m |
| Free cash flow | −SEK 322.3m | SEK 20.1m | −SEK 95.4m | −SEK 219.8m | −SEK 282.4m | −SEK 185.6m | −SEK 473.3m | −SEK 379.1m | −SEK 43.8m | −SEK 81.1m |
| Dividends paid | — | −SEK 7.7m | −SEK 4.0m | −SEK 898,000 | −SEK 1.6m | — | −SEK 3.3m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 435.6m | SEK 385.9m | SEK 565.5m | SEK 376.4m | SEK 386.2m | SEK 446.2m | SEK 664.3m | SEK 608.3m |
| Operating income | −SEK 43.6m | SEK 24.6m | −SEK 349.0m | −SEK 45.5m | −SEK 46.8m | −SEK 38.3m | −SEK 211.2m | −SEK 25.3m |
| Net income | −SEK 45.1m | SEK 4.2m | −SEK 430.6m | −SEK 53.1m | −SEK 57.0m | −SEK 47.7m | −SEK 217.5m | −SEK 34.4m |
| Diluted earnings per share | -0.03 | 0.00 | -0.57 | -0.07 | -0.08 | -0.06 | -1.64 | -0.26 |
| Cash from operations | −SEK 17.0m | −SEK 72.0m | −SEK 3.0m | −SEK 65.0m | −SEK 16.0m | −SEK 75.0m | SEK 100.0m | −SEK 73.0m |
| Capital spending | — | — | −SEK 3.0m | — | — | — | −SEK 103.0m | −SEK 73.0m |
| Free cash flow | — | — | −SEK 6.0m | — | — | — | −SEK 3.0m | −SEK 146.0m |
| Total assets | SEK 1.39bn | SEK 1.40bn | SEK 1.82bn | SEK 2.08bn | SEK 1.79bn | SEK 1.92bn | SEK 2.09bn | SEK 2.44bn |
| Cash and short-term investments | SEK 66.7m | SEK 100.0m | SEK 230.3m | SEK 118.1m | SEK 116.9m | SEK 121.6m | SEK 235.0m | SEK 107.9m |
| Debt | SEK 314.2m | SEK 341.6m | SEK 722.6m | SEK 521.3m | SEK 387.3m | SEK 363.1m | SEK 361.7m | SEK 348.7m |
| Shareholders' equity | SEK 430.1m | SEK 474.1m | SEK 467.8m | SEK 654.6m | SEK 627.2m | SEK 682.4m | SEK 747.6m | SEK 956.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.0% | 31.5% | 45.5% |
| Operating income | 33.0% | — | 43.5% |
| Net income | 29.7% | 33.1% | 46.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -17.8% | -10.2% | -6.9% | -6.7% |
| Net margin | -21.1% | -14.5% | -13.2% | -13.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.2 | -1.5 | -1.1 | 7.3 | -3.0 | -5.4 | -4.4 | -2.5 | -4.8 |
| Price to sales | 0.0 | 0.0 | 0.1 | 0.1 | 0.7 | 1.0 | 0.9 | 1.3 | 1.1 | 1.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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