T 
0.02
-3.33%
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 86.2m
FY2016FY2025
Net income
−SEK 73.4m
FY2016FY2025
Free cash flow
−SEK 56.5m
FY2016FY2025
Shareholders' equity
−SEK 228.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 86.2m | SEK 84.1m | SEK 60.5m | SEK 45.7m | SEK 38.9m | SEK 53.8m | SEK 49.1m | SEK 16.0m | SEK 16.6m | SEK 15.7m |
| Research and development | — | — | SEK 13.5m | SEK 12.0m | SEK 11.8m | SEK 11.2m | SEK 10.8m | SEK 15.1m | SEK 12.3m | SEK 8.6m |
| Operating income | −SEK 43.0m | −SEK 56.0m | −SEK 71.3m | −SEK 88.9m | −SEK 69.0m | −SEK 97.8m | −SEK 146.0m | −SEK 27.0m | −SEK 17.7m | SEK 394,000 |
| Net income | −SEK 73.4m | −SEK 65.5m | −SEK 58.0m | −SEK 85.4m | −SEK 69.5m | −SEK 154.4m | −SEK 223.7m | −SEK 27.5m | −SEK 18.0m | SEK 53,000 |
| Diluted earnings per share | -0.15 | -0.18 | -0.28 | -2.23 | -1.81 | -32.66 | -121.88 | -562.84 | -681.02 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 84.7m | SEK 85.6m | SEK 79.4m | SEK 88.7m | SEK 168.6m | SEK 77.0m | SEK 75.3m | SEK 43.6m | SEK 44.1m | SEK 18.3m |
| Cash and short-term investments | SEK 17.3m | SEK 18.4m | SEK 15.2m | SEK 18.2m | SEK 112.1m | SEK 20.1m | SEK 4.4m | SEK 81,000 | SEK 12.7m | SEK 7.8m |
| Total liabilities | SEK 313.0m | SEK 306.9m | SEK 300.0m | SEK 322.3m | SEK 287.9m | SEK 249.7m | SEK 265.7m | SEK 24.5m | SEK 16.3m | SEK 12.1m |
| Debt | SEK 279.6m | SEK 264.8m | SEK 250.5m | SEK 263.8m | SEK 237.6m | SEK 186.2m | SEK 222.9m | SEK 9.3m | SEK 5.3m | SEK 70.2m |
| Shareholders' equity | −SEK 228.3m | −SEK 221.3m | −SEK 220.6m | −SEK 233.7m | −SEK 119.3m | −SEK 172.7m | −SEK 190.4m | SEK 19.1m | SEK 27.9m | SEK 6.2m |
| Shares outstanding | 493m | 373m | 208m | 38m | 38m | 5m | 2m | 0m | 0m | 740m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 32.1m | −SEK 40.4m | −SEK 55.6m | −SEK 78.2m | −SEK 118.9m | −SEK 75.9m | −SEK 143.4m | −SEK 21.2m | −SEK 14.6m | SEK 1.9m |
| Capital spending | −SEK 24.4m | −SEK 24.8m | −SEK 21.3m | −SEK 14.3m | −SEK 12.0m | −SEK 10.4m | −SEK 13.6m | −SEK 4.9m | −SEK 10.1m | −SEK 1.1m |
| Free cash flow | −SEK 56.5m | −SEK 65.3m | −SEK 76.9m | −SEK 92.5m | −SEK 130.8m | −SEK 86.3m | −SEK 157.0m | −SEK 26.1m | −SEK 24.7m | SEK 810,504 |
| Dividends paid | — | — | — | — | — | — | −SEK 21.8m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 6.4m | SEK 11.3m | SEK 18.3m | SEK 20.4m | SEK 22.1m | SEK 25.3m | SEK 26.5m | SEK 21.2m |
| Operating income | −SEK 24.1m | −SEK 19.4m | −SEK 13.2m | −SEK 10.6m | −SEK 8.7m | −SEK 10.5m | −SEK 6.9m | −SEK 23.8m |
| Net income | −SEK 24.6m | −SEK 19.8m | −SEK 23.0m | −SEK 16.7m | −SEK 4.8m | −SEK 28.9m | −SEK 9.1m | −SEK 28.0m |
| Diluted earnings per share | -0.03 | -0.03 | -0.05 | -0.03 | -0.01 | -0.06 | -0.02 | -0.08 |
| Cash from operations | −SEK 14.0m | −SEK 14.0m | −SEK 9.0m | — | −SEK 6.0m | −SEK 13.0m | −SEK 6.0m | −SEK 18.0m |
| Capital spending | — | −SEK 14.0m | −SEK 9.0m | — | −SEK 6.0m | −SEK 13.0m | — | — |
| Free cash flow | — | −SEK 28.0m | −SEK 18.0m | — | −SEK 12.0m | −SEK 26.0m | — | — |
| Total assets | SEK 67.1m | SEK 91.3m | SEK 84.7m | SEK 101.2m | SEK 111.7m | SEK 123.0m | SEK 85.6m | SEK 96.0m |
| Cash and short-term investments | SEK 1.4m | SEK 21.7m | SEK 17.3m | SEK 33.3m | — | — | — | — |
| Debt | SEK 313.4m | SEK 308.7m | SEK 279.6m | — | SEK 272.1m | SEK 268.4m | SEK 264.8m | SEK 261.1m |
| Shareholders' equity | −SEK 280.0m | −SEK 251.3m | −SEK 228.3m | −SEK 210.3m | −SEK 195.4m | −SEK 183.3m | −SEK 221.3m | −SEK 211.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.6% | 9.9% | 19.0% |
| Operating income | -21.5% | -15.2% | — |
| Net income | -4.9% | -13.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -58.1% | -93.7% | -115.4% | -127.8% |
| Net margin | -81.5% | -102.1% | -137.1% | -160.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.0 | -0.7 | -0.2 | -0.0 | -0.3 | -0.0 | -0.0 | — | -0.0 |
| Price to sales | 0.9 | 0.6 | 0.2 | 0.1 | 0.6 | 0.1 | 0.0 | 0.0 | 0.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 21 Jun 2022
- 30-to-1 reverse split · 12 Mar 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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