T 
4.78
+4.60%
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 2.60bn
FY2016FY2025
Net income
−SEK 126.3m
FY2016FY2025
Free cash flow
−SEK 78.2m
FY2016FY2025
Shareholders' equity
SEK 400.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 2.60bn | SEK 2.49bn | SEK 2.69bn | SEK 2.46bn | SEK 1.69bn | SEK 1.40bn | SEK 1.50bn | SEK 1.06bn | SEK 969.9m | SEK 432.5m |
| Research and development | — | SEK 5.0m | SEK 2.6m | SEK 3.6m | SEK 3.8m | SEK 4.6m | SEK 5.0m | — | — | — |
| Operating income | −SEK 99.4m | SEK 40.1m | SEK 86.3m | SEK 154.6m | SEK 124.4m | SEK 28.9m | SEK 3.9m | −SEK 71.0m | SEK 25.7m | SEK 38.4m |
| Net income | −SEK 126.3m | −SEK 9.3m | SEK 132.1m | SEK 128.8m | SEK 88.5m | SEK 3.9m | SEK 30.7m | −SEK 55.6m | SEK 17.8m | SEK 28.8m |
| Diluted earnings per share | -2.94 | -0.22 | 3.17 | 3.26 | 2.18 | 0.10 | 1.12 | -2.29 | 0.84 | 1.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 1.41bn | SEK 1.64bn | SEK 1.71bn | SEK 1.60bn | SEK 859.8m | SEK 758.4m | SEK 878.4m | SEK 1.13bn | SEK 719.6m | SEK 287.4m |
| Cash and short-term investments | SEK 5.7m | SEK 126.1m | SEK 67.1m | SEK 93.3m | SEK 177.8m | SEK 64.9m | SEK 36.4m | SEK 41.3m | SEK 98.4m | SEK 38.7m |
| Total liabilities | SEK 1.00bn | SEK 1.09bn | SEK 1.16bn | SEK 1.21bn | SEK 608.4m | SEK 598.3m | SEK 774.0m | SEK 810.4m | SEK 467.7m | SEK 183.6m |
| Debt | SEK 663.5m | SEK 414.5m | SEK 355.8m | SEK 316.3m | SEK 172.7m | SEK 195.3m | SEK 314.1m | SEK 328.9m | SEK 168.0m | SEK 57.7m |
| Shareholders' equity | SEK 400.6m | SEK 556.5m | SEK 558.2m | SEK 387.7m | SEK 250.4m | SEK 159.5m | SEK 103.7m | SEK 322.8m | SEK 251.5m | SEK 102.8m |
| Shares outstanding | 43m | 43m | 42m | 39m | 41m | 38m | 27m | 24m | 21m | 19m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 43.3m | SEK 186.7m | SEK 27.2m | SEK 109.2m | SEK 210.6m | SEK 161.1m | SEK 73.9m | −SEK 7.5m | −SEK 75.6m | −SEK 34.5m |
| Capital spending | −SEK 34.9m | −SEK 23.6m | −SEK 14.7m | −SEK 11.1m | −SEK 14.3m | −SEK 11.5m | −SEK 10.0m | −SEK 4.1m | −SEK 3.3m | −SEK 13.9m |
| Free cash flow | −SEK 78.2m | SEK 163.1m | SEK 12.6m | SEK 98.0m | SEK 196.3m | SEK 149.7m | SEK 63.9m | −SEK 11.6m | −SEK 78.9m | −SEK 48.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 636.4m | SEK 547.0m | SEK 713.4m | SEK 617.8m | SEK 671.8m | SEK 597.4m | SEK 789.7m | SEK 590.5m |
| Operating income | SEK 954,000 | −SEK 9.9m | −SEK 129.2m | −SEK 1.4m | SEK 15.8m | SEK 8.5m | SEK 35.3m | SEK 3.2m |
| Net income | −SEK 22.5m | −SEK 26.7m | −SEK 131.1m | −SEK 8.1m | SEK 13.6m | −SEK 653,000 | −SEK 4.9m | SEK 9.1m |
| Diluted earnings per share | -0.47 | -0.55 | -3.05 | -0.19 | 0.32 | -0.02 | -0.11 | 0.21 |
| Cash from operations | −SEK 7.0m | SEK 24.0m | −SEK 2.0m | SEK 13.0m | −SEK 36.0m | −SEK 17.0m | SEK 102.0m | SEK 7.0m |
| Capital spending | −SEK 4.0m | −SEK 1.0m | −SEK 16.0m | −SEK 4.0m | −SEK 11.0m | −SEK 2.0m | −SEK 9.0m | −SEK 8.0m |
| Free cash flow | −SEK 11.0m | SEK 23.0m | −SEK 18.0m | SEK 9.0m | −SEK 47.0m | −SEK 19.0m | SEK 93.0m | −SEK 1.0m |
| Total assets | SEK 1.39bn | SEK 1.37bn | SEK 1.41bn | SEK 1.59bn | SEK 1.58bn | SEK 1.50bn | SEK 1.64bn | SEK 1.56bn |
| Cash and short-term investments | SEK 2.0m | SEK 3.2m | SEK 5.7m | SEK 78.5m | SEK 43.1m | SEK 76.6m | SEK 126.1m | SEK 65.8m |
| Debt | SEK 384.2m | SEK 401.1m | SEK 408.0m | SEK 432.6m | SEK 332.5m | SEK 297.4m | SEK 299.9m | SEK 299.9m |
| Shareholders' equity | SEK 421.8m | SEK 402.3m | SEK 400.6m | SEK 544.8m | SEK 552.2m | SEK 544.7m | SEK 556.5m | SEK 537.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.9% | 13.1% | 44.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1.2% | 1.8% | 2.5% | 2.0% |
| Net margin | -2.7% | 1.2% | 1.6% | 1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.9 | -68.8 | 4.8 | 9.3 | 21.8 | 108.5 | 5.6 | -6.2 | 42.8 | 15.8 |
| Price to sales | 0.1 | 0.3 | 0.2 | 0.5 | 1.1 | 0.3 | 0.1 | 0.3 | 0.8 | 1.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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