S 
0.10
+5.89%
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 221.0m
FY2016FY2025
Net income
−SEK 399.3m
FY2016FY2025
Free cash flow
SEK 37.1m
FY2016FY2025
Shareholders' equity
SEK 221.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 221.0m | SEK 185.9m | SEK 633.5m | SEK 127.6m | SEK 125.7m | SEK 118.0m | SEK 280.0m | SEK 350.0m | SEK 361.4m | SEK 345.5m |
| Research and development | — | SEK 189.1m | SEK 189.2m | SEK 16.5m | SEK 10.6m | SEK 4.5m | SEK 176.2m | SEK 672.8m | SEK 62.7m | — |
| Operating income | −SEK 400.9m | −SEK 319.7m | SEK 211.7m | SEK 6.7m | SEK 15.0m | SEK 3.1m | −SEK 504.4m | −SEK 1.58bn | −SEK 149.7m | SEK 56.5m |
| Net income | −SEK 399.3m | −SEK 317.8m | SEK 207.6m | −SEK 59.8m | −SEK 103.5m | −SEK 130.3m | −SEK 401.1m | −SEK 1.34bn | −SEK 155.3m | SEK 57.1m |
| Diluted earnings per share | -0.25 | -0.22 | 0.14 | -0.07 | -0.14 | -0.29 | -0.85 | -2.86 | -0.38 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 337.5m | SEK 830.1m | SEK 1.11bn | SEK 746.4m | SEK 674.1m | SEK 708.7m | SEK 592.0m | SEK 1.08bn | SEK 2.46bn | SEK 2.15bn |
| Cash and short-term investments | SEK 102.6m | SEK 191.9m | SEK 347.8m | SEK 108.2m | SEK 128.6m | SEK 157.4m | SEK 82.8m | SEK 69.3m | SEK 233.8m | SEK 669.4m |
| Total liabilities | SEK 116.5m | SEK 124.7m | SEK 216.8m | SEK 689.6m | SEK 551.3m | SEK 480.2m | SEK 585.8m | SEK 742.6m | SEK 1.18bn | SEK 778.7m |
| Debt | SEK 41.1m | SEK 22.1m | SEK 16.8m | SEK 400.2m | SEK 440.7m | SEK 393.9m | SEK 397.7m | SEK 466.3m | SEK 457.6m | SEK 307.1m |
| Shareholders' equity | SEK 221.0m | SEK 705.4m | SEK 894.7m | SEK 56.8m | SEK 122.8m | SEK 228.5m | SEK 6.2m | SEK 337.1m | SEK 1.28bn | SEK 1.37bn |
| Shares outstanding | 1,624m | 1,477m | 1,477m | 895m | 725m | 445m | 472m | 467m | 412m | 377m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 45.8m | SEK 64.9m | SEK 114.6m | SEK 57.8m | SEK 73.9m | −SEK 24.6m | SEK 45.4m | SEK 49.9m | −SEK 21.1m | SEK 15.3m |
| Capital spending | −SEK 8.7m | −SEK 253.0m | −SEK 202.4m | −SEK 146.2m | −SEK 112.6m | −SEK 95.8m | −SEK 102.6m | −SEK 552.6m | −SEK 523.0m | −SEK 219.7m |
| Free cash flow | SEK 37.1m | −SEK 188.1m | −SEK 87.8m | −SEK 88.3m | −SEK 38.7m | −SEK 120.4m | −SEK 57.2m | −SEK 502.7m | −SEK 544.1m | −SEK 204.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 25.6m | SEK 26.6m | SEK 41.1m | SEK 58.4m | SEK 53.8m | SEK 67.7m | SEK 46.4m | SEK 42.7m |
| Operating income | −SEK 36.4m | −SEK 57.2m | −SEK 61.9m | −SEK 285.4m | −SEK 24.8m | −SEK 73.3m | −SEK 52.0m | −SEK 55.0m |
| Net income | −SEK 36.9m | −SEK 56.4m | −SEK 62.1m | −SEK 284.8m | −SEK 26.0m | −SEK 26.4m | −SEK 49.2m | −SEK 58.4m |
| Diluted earnings per share | -0.02 | -0.03 | -0.04 | -0.18 | -0.02 | -0.02 | -0.03 | -0.04 |
| Cash from operations | SEK 6.0m | SEK 2.0m | −SEK 3.0m | SEK 21.0m | SEK 39.0m | −SEK 11.0m | — | −SEK 15.0m |
| Capital spending | — | −SEK 27.0m | — | −SEK 36.0m | −SEK 51.0m | −SEK 50.0m | −SEK 65.0m | −SEK 64.0m |
| Free cash flow | — | −SEK 25.0m | — | −SEK 15.0m | −SEK 12.0m | −SEK 61.0m | — | −SEK 79.0m |
| Total assets | SEK 228.1m | SEK 274.3m | SEK 337.5m | SEK 403.1m | SEK 707.9m | SEK 716.0m | SEK 830.1m | SEK 968.0m |
| Cash and short-term investments | SEK 52.1m | SEK 74.5m | SEK 102.6m | SEK 135.1m | SEK 156.4m | SEK 130.1m | SEK 191.9m | SEK 249.3m |
| Debt | SEK 14.6m | SEK 14.5m | SEK 41.1m | SEK 43.3m | SEK 49.0m | SEK 54.0m | SEK 17.7m | SEK 106.4m |
| Shareholders' equity | SEK 127.8m | SEK 164.5m | SEK 221.0m | SEK 282.9m | SEK 567.6m | SEK 560.8m | SEK 705.4m | SEK 740.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.1% | 13.4% | 1.1% |
| Net income | 88.3% | 25.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -177.1% | -43.0% | -34.3% | -88.8% |
| Net margin | -176.3% | -48.7% | -56.9% | -88.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.4 | -1.0 | 3.3 | -19.1 | -5.7 | -3.0 | -1.2 | -0.2 | -3.5 | 20.3 |
| Price to sales | 0.8 | 1.7 | 1.1 | 9.0 | 4.7 | 3.3 | 1.8 | 0.6 | 1.5 | 3.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 23 May 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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