T 
5.16
-3.01%
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 224.2m
FY2016FY2025
Net income
−SEK 105.1m
FY2016FY2025
Free cash flow
SEK 38.9m
FY2016FY2025
Shareholders' equity
SEK 1.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 224.2m | SEK 259.7m | SEK 166.3m | SEK 141.3m | SEK 125.0m | SEK 31.5m | SEK 13.1m | SEK 8.4m | SEK 20.4m | SEK 88.2m |
| Operating income | SEK 42.1m | SEK 36.7m | SEK 38.9m | SEK 121.0m | SEK 25.5m | SEK 28.1m | SEK 19.7m | SEK 21.6m | SEK 16.7m | SEK 18.1m |
| Net income | −SEK 105.1m | SEK 28.1m | SEK 36.9m | SEK 116.7m | SEK 19.4m | SEK 16.6m | SEK 12.1m | SEK 7.3m | SEK 7.3m | SEK 23.9m |
| Diluted earnings per share | -1.33 | 0.35 | 0.47 | 1.47 | 0.66 | 0.31 | 1.20 | 0.27 | 0.28 | 1.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 2.28bn | SEK 1.79bn | SEK 1.80bn | SEK 1.61bn | SEK 1.57bn | SEK 1.03bn | SEK 717.8m | SEK 546.4m | SEK 559.2m | SEK 483.1m |
| Cash and short-term investments | SEK 260.4m | SEK 338.2m | SEK 174.8m | SEK 238.7m | SEK 126.0m | SEK 41.5m | SEK 71.3m | SEK 22.3m | SEK 41.1m | SEK 77.6m |
| Total liabilities | SEK 863.1m | SEK 479.1m | SEK 499.6m | SEK 173.2m | SEK 251.9m | SEK 270.9m | SEK 346.5m | SEK 218.7m | SEK 233.1m | SEK 195.2m |
| Debt | SEK 549.8m | SEK 341.4m | SEK 356.8m | SEK 100.5m | SEK 183.5m | SEK 192.2m | SEK 166.8m | SEK 160.2m | SEK 119.3m | SEK 161.3m |
| Shareholders' equity | SEK 1.41bn | SEK 1.31bn | SEK 1.30bn | SEK 1.43bn | SEK 1.32bn | SEK 759.2m | SEK 371.2m | SEK 327.7m | SEK 326.1m | SEK 287.9m |
| Shares outstanding | 79m | 79m | 79m | 79m | 29m | 53m | 10m | 27m | 27m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 114.8m | SEK 295.1m | SEK 15.6m | −SEK 265.0m | −SEK 20.6m | −SEK 81.6m | SEK 54.0m | SEK 3.3m | SEK 46.9m | SEK 58.9m |
| Capital spending | −SEK 75.9m | −SEK 96.2m | −SEK 124.9m | −SEK 41.3m | −SEK 426.3m | −SEK 134.5m | −SEK 206.4m | −SEK 96.5m | −SEK 121.5m | −SEK 76.0m |
| Free cash flow | SEK 38.9m | SEK 198.9m | −SEK 109.3m | −SEK 306.2m | −SEK 446.9m | −SEK 216.1m | −SEK 152.4m | −SEK 93.2m | −SEK 74.5m | −SEK 17.2m |
| Dividends paid | — | −SEK 18.2m | −SEK 165.2m | — | — | — | −SEK 5.6m | −SEK 5.6m | −SEK 5.6m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 22.5m | SEK 11.5m | SEK 55.1m | SEK 81.3m | SEK 101.3m | SEK 57.1m | SEK 39.6m | SEK 69.5m |
| Operating income | −SEK 50.0m | −SEK 11.1m | SEK 19.4m | SEK 18.3m | SEK 24.3m | SEK 12.9m | SEK 7.1m | SEK 7.8m |
| Net income | −SEK 58.9m | −SEK 19.0m | SEK 65.2m | SEK 9.8m | SEK 15.8m | SEK 6.9m | SEK 5.4m | SEK 5.9m |
| Diluted earnings per share | -0.74 | -0.24 | 0.82 | 0.12 | 0.20 | 0.09 | 0.07 | 0.07 |
| Cash from operations | −SEK 27.0m | −SEK 55.0m | SEK 50.0m | SEK 67.0m | SEK 37.0m | −SEK 40.0m | −SEK 39.0m | SEK 41.0m |
| Capital spending | — | — | −SEK 16.0m | −SEK 12.0m | −SEK 21.0m | −SEK 26.0m | −SEK 18.0m | −SEK 78.0m |
| Free cash flow | — | — | SEK 34.0m | SEK 55.0m | SEK 16.0m | −SEK 66.0m | −SEK 57.0m | −SEK 37.0m |
| Total assets | SEK 1.82bn | SEK 1.95bn | SEK 2.28bn | SEK 1.86bn | SEK 1.85bn | SEK 1.76bn | SEK 1.79bn | SEK 1.74bn |
| Cash and short-term investments | SEK 5.7m | SEK 30.1m | SEK 260.4m | SEK 192.7m | SEK 189.7m | SEK 258.6m | SEK 338.2m | SEK 401.5m |
| Debt | SEK 122.4m | SEK 704.9m | SEK 549.8m | SEK 396.6m | SEK 399.5m | SEK 328.0m | SEK 341.4m | SEK 334.8m |
| Shareholders' equity | SEK 1.01bn | SEK 1.17bn | SEK 1.41bn | SEK 1.35bn | SEK 1.34bn | SEK 1.32bn | SEK 1.31bn | SEK 1.31bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 18.8% | 21.0% | 34.9% | 87.9% | 20.8% | 91.1% |
| Net margin | -46.9% | 10.8% | 22.2% | 82.6% | 15.5% | 52.7% |
| Return on equity | -7.4% | 2.1% | 2.8% | 8.1% | 1.5% | 2.2% |
| Return on assets | -4.6% | 1.6% | 2.0% | 7.3% | 1.2% | 1.6% |
| Free cash flow yield | 43.2% | 88.6% | 31.8% | -50.6% | 249.1% | 17.8% |
| Revenue growth | -13.7% | 56.2% | 17.7% | 13.0% | 296.6% | 140.8% |
| Earnings growth | -474.1% | -23.9% | -68.4% | 502.1% | 16.7% | 37.1% |
| Current ratio | 2.45x | 4.58x | 4.63x | 8.78x | 3.97x | 1.09x |
| Debt to equity | 0.39x | 0.26x | 0.27x | 0.07x | 0.14x | 0.25x |
| Equity ratio | 62.1% | 73.3% | 72.3% | 89.2% | 83.9% | 73.7% |
| Interest coverage | 1.66x | 2.99x | 2.59x | 17.45x | 4.35x | 3.30x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -171.2% | 45.3% | -427.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.6% | 48.0% | 11.4% |
| Operating income | -29.7% | 8.5% | 14.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 16.3% | 30.2% | 30.8% | 32.9% |
| Net margin | -15.9% | 9.7% | 11.9% | 14.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -6.7 | 23.9 | 21.2 | 8.9 | 20.0 | 30.6 |
| Price to sales | 3.1 | 2.6 | 4.7 | 7.3 | 3.1 | 16.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 Jun 2024.
| FY2024 | FY2023 | |
|---|---|---|
| Paid in the year | 0.23 | 2.087 |
- 3-for-1 split · 3 Jul 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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