S 
22.70
-5.42%
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 6.5m
FY2016FY2024
Net income
−SEK 18.4m
FY2016FY2024
Free cash flow
−SEK 21.9m
FY2016FY2024
Shareholders' equity
SEK 130.3m
FY2016FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 6.5m | SEK 51,620 | SEK 764.6m | SEK 584.5m | SEK 438.8m | SEK 346.1m | SEK 126.8m | SEK 87.5m | SEK 82.8m |
| Operating income | −SEK 20.6m | −SEK 18.9m | −SEK 20.1m | −SEK 11.3m | −SEK 7.1m | −SEK 7.5m | −SEK 5.0m | −SEK 3.2m | −SEK 1.8m |
| Net income | −SEK 18.4m | −SEK 17.0m | −SEK 19.9m | −SEK 11.7m | −SEK 7.2m | −SEK 7.5m | −SEK 5.0m | −SEK 3.2m | −SEK 1.8m |
| Diluted earnings per share | -3.15 | -2.85 | -5.03 | -3.29 | -3.17 | -3.39 | -1.88 | -1.23 | -1.06 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 143.3m | SEK 165.1m | SEK 109.5m | SEK 102.5m | SEK 31.0m | SEK 33.2m | SEK 26.5m | SEK 30.2m | SEK 11.1m |
| Cash and short-term investments | SEK 46.3m | SEK 74.6m | SEK 23.0m | SEK 49.1m | SEK 7.7m | SEK 13.6m | SEK 10.4m | SEK 18.0m | SEK 1.0m |
| Total liabilities | SEK 13.0m | SEK 17.4m | SEK 18.2m | SEK 5.7m | SEK 20.8m | SEK 17.0m | SEK 2.8m | SEK 1.5m | SEK 1.2m |
| Debt | SEK 821,394 | SEK 823,976 | SEK 37.6m | SEK 1.3m | SEK 324.1m | SEK 168.5m | SEK 25.9m | SEK 10.1m | SEK 13.3m |
| Shareholders' equity | SEK 130.3m | SEK 147.7m | SEK 91.3m | SEK 96.8m | SEK 10.2m | SEK 16.2m | SEK 23.7m | SEK 28.7m | SEK 10.0m |
| Shares outstanding | 6m | 6m | 4m | 4m | 2m | 2m | 3m | 3m | 2m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 21.9m | −SEK 14.7m | −SEK 9.3m | −SEK 20.4m | −SEK 15.1m | SEK 6.9m | −SEK 4.4m | −SEK 3.0m | −SEK 2.1m |
| Capital spending | −SEK 4 | −SEK 6.1m | −SEK 31.0m | −SEK 111,324 | −SEK 3.0m | −SEK 3.6m | −SEK 3.3m | −SEK 2.0m | −SEK 1.9m |
| Free cash flow | −SEK 21.9m | −SEK 20.8m | −SEK 40.2m | −SEK 20.5m | −SEK 18.1m | SEK 3.3m | −SEK 7.7m | −SEK 5.0m | −SEK 4.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Sept 2025 | Aug 2025 | Jun 2025 | May 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | SEK 766,836 | SEK 43,424 | — | SEK 194.7m | — | SEK 805,988 |
| Operating income | −SEK 4.8m | −SEK 6.3m | −SEK 4.1m | −SEK 7.8m | −SEK 4.2m | −SEK 4.2m | −SEK 4.9m | −SEK 4.9m |
| Net income | −SEK 14.9m | −SEK 5.1m | −SEK 4.1m | −SEK 17.2m | −SEK 4.2m | −SEK 4.2m | −SEK 4.9m | −SEK 4.9m |
| Diluted earnings per share | -2.49 | -0.85 | -0.69 | -2.88 | -0.70 | -0.70 | -0.83 | -0.83 |
| Cash from operations | −SEK 4.0m | −SEK 6.0m | −SEK 5.0m | SEK 56.0m | — | −SEK 4.0m | — | −SEK 4.0m |
| Total assets | SEK 143.1m | SEK 162.4m | SEK 169.5m | SEK 175.9m | SEK 129.6m | SEK 129.6m | SEK 134.6m | SEK 134.6m |
| Cash and short-term investments | SEK 66.4m | SEK 72.2m | SEK 79.9m | SEK 85.9m | SEK 30.8m | SEK 30.8m | SEK 35.8m | SEK 35.8m |
| Debt | — | — | — | — | SEK 821,400 | — | SEK 821,400 | SEK 432.0m |
| Shareholders' equity | SEK 75.6m | SEK 90.5m | SEK 95.6m | SEK 99.7m | SEK 117.2m | SEK 117.2m | SEK 121.3m | SEK 121.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -96.2% | -84.2% | — |
| Operating income | 16.2% | 34.7% | 42.5% |
| Net income | 15.6% | 33.7% | 41.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -796.1% | -11.8% | -6.1% | — |
| Net margin | -750.4% | -11.2% | -5.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.2 | -2.7 | -6.5 | -11.0 | -20.7 | -37.6 | -32.7 | -10.2 | -6.7 | -18.3 |
| Price to sales | — | 7.6 | — | 0.3 | 0.4 | 0.6 | 0.7 | 0.4 | 0.3 | 0.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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