S 
0.14
-2.74%
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 3.5m
FY2016FY2025
Net income
−SEK 32.5m
FY2016FY2025
Free cash flow
−SEK 37.3m
FY2016FY2025
Shareholders' equity
SEK 105.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 3.5m | SEK 12.1m | SEK 23.3m | SEK 74.0m | SEK 60.8m | SEK 14.8m | SEK 9.4m | SEK 21.5m | SEK 78.3m | SEK 101.9m |
| Research and development | — | SEK 16.9m | SEK 16.8m | SEK 16.3m | SEK 22.4m | SEK 16.1m | SEK 12.6m | SEK 9.4m | SEK 14.5m | — |
| Operating income | −SEK 25.6m | −SEK 37.4m | −SEK 94.9m | −SEK 41.3m | −SEK 62.2m | −SEK 17.3m | −SEK 67.5m | −SEK 41.8m | SEK 423,000 | −SEK 29.8m |
| Net income | −SEK 32.5m | SEK 65.3m | −SEK 96.7m | −SEK 82.5m | −SEK 154.1m | −SEK 25.1m | −SEK 72.5m | −SEK 48.6m | −SEK 15.3m | −SEK 28.5m |
| Diluted earnings per share | -0.09 | 0.17 | -0.26 | -0.22 | -0.50 | -0.14 | -0.61 | -1.12 | -0.54 | -1.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 146.5m | SEK 170.5m | SEK 62.0m | SEK 171.2m | SEK 297.0m | SEK 215.5m | SEK 28.4m | SEK 92.0m | SEK 125.6m | SEK 192.5m |
| Cash and short-term investments | SEK 1.4m | SEK 6.0m | SEK 1.4m | SEK 3.5m | SEK 14.0m | SEK 60.2m | SEK 134,000 | SEK 4.6m | SEK 9.0m | SEK 5.8m |
| Total liabilities | SEK 40.8m | SEK 32.6m | SEK 61.4m | SEK 73.0m | SEK 77.8m | SEK 99.1m | SEK 22.6m | SEK 33.4m | SEK 75.1m | SEK 136.1m |
| Debt | SEK 905,000 | SEK 22.9m | SEK 42.8m | SEK 30.0m | SEK 46.1m | SEK 50.8m | SEK 16.9m | SEK 2.9m | SEK 54.0m | SEK 34.5m |
| Shareholders' equity | SEK 105.7m | SEK 137.9m | SEK 619,000 | SEK 98.2m | SEK 219.2m | SEK 116.3m | SEK 5.8m | SEK 58.7m | SEK 50.5m | SEK 54.8m |
| Shares outstanding | 374m | 374m | 374m | 374m | 311m | 181m | 120m | 43m | 28m | 26m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 18.6m | −SEK 35.7m | −SEK 10.5m | −SEK 14.4m | −SEK 32.5m | −SEK 11.7m | −SEK 28.5m | −SEK 23.5m | −SEK 17.4m | −SEK 8.1m |
| Capital spending | −SEK 18.6m | −SEK 2.5m | −SEK 166,000 | −SEK 3.9m | — | −SEK 7.2m | −SEK 10.1m | −SEK 15.3m | −SEK 4.8m | — |
| Free cash flow | −SEK 37.3m | −SEK 38.2m | −SEK 10.7m | −SEK 18.2m | −SEK 32.5m | −SEK 19.0m | −SEK 38.6m | −SEK 38.8m | −SEK 22.2m | −SEK 8.1m |
| Dividends paid | — | — | — | — | — | −SEK 1.2m | −SEK 1.2m | −SEK 1.2m | −SEK 1.2m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 204,000 | SEK 223,000 | SEK 302,000 | SEK 709,000 | SEK 1.5m | SEK 994,000 | SEK 2.5m | SEK 1.9m |
| Operating income | −SEK 2.3m | −SEK 1.7m | −SEK 2.3m | SEK 10.1m | −SEK 8.1m | −SEK 9.5m | −SEK 10.5m | −SEK 8.5m |
| Net income | −SEK 3.2m | −SEK 46.2m | −SEK 5.4m | −SEK 9.8m | −SEK 8.2m | −SEK 9.1m | −SEK 10.5m | −SEK 9.3m |
| Diluted earnings per share | -0.01 | -0.12 | -0.01 | -0.03 | -0.02 | -0.02 | -0.03 | -0.02 |
| Cash from operations | — | −SEK 12.0m | −SEK 12.0m | SEK 1.0m | −SEK 6.0m | −SEK 1.0m | SEK 25.0m | −SEK 5.0m |
| Capital spending | — | −SEK 12.0m | −SEK 12.0m | −SEK 1.0m | −SEK 6.0m | — | — | — |
| Free cash flow | — | −SEK 24.0m | −SEK 24.0m | SEK 0 | −SEK 12.0m | — | — | — |
| Total assets | SEK 86.3m | SEK 69.4m | SEK 146.5m | SEK 145.9m | SEK 161.5m | SEK 135.9m | SEK 170.5m | SEK 174.2m |
| Cash and short-term investments | SEK 2.0m | SEK 2.0m | SEK 1.4m | SEK 1.1m | SEK 1.3m | SEK 2.6m | SEK 6.0m | SEK 3.3m |
| Debt | — | — | SEK 905,000 | — | — | — | SEK 22.9m | — |
| Shareholders' equity | SEK 61.7m | SEK 61.5m | SEK 105.7m | SEK 111.3m | SEK 120.4m | SEK 98.8m | SEK 137.9m | SEK 119.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -63.8% | -25.0% | -27.0% |
| Operating income | -14.7% | 8.2% | -3.8% |
| Net income | -26.7% | 5.3% | -1.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -404.4% | -176.4% | -147.8% | -94.5% |
| Net margin | 210.9% | -129.5% | -172.6% | -109.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.8 | 1.4 | -1.0 | -1.7 | -2.6 | -23.5 | -2.0 | -1.6 | -4.3 | -2.8 |
| Price to sales | 16.7 | 7.7 | 4.2 | 1.9 | 6.7 | 39.8 | 15.7 | 3.6 | 0.8 | 0.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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