T 
0.25
+2.94%
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 121.3m
FY2016FY2025
Net income
−SEK 210,000
FY2016FY2025
Free cash flow
SEK 2.0m
FY2016FY2025
Shareholders' equity
SEK 40.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 121.3m | SEK 122.3m | SEK 69.1m | SEK 566,000 | SEK 652,000 | SEK 322,716 | SEK 532,401 | SEK 1.0m | SEK 306,915 | SEK 1.4m |
| Research and development | — | — | — | SEK 2.3m | SEK 3.9m | SEK 4.5m | SEK 4.1m | SEK 3.6m | — | — |
| Operating income | SEK 1.5m | −SEK 5.9m | −SEK 9.6m | −SEK 10.4m | −SEK 15.2m | −SEK 13.4m | −SEK 17.2m | −SEK 12.6m | −SEK 5.3m | −SEK 3.1m |
| Net income | −SEK 210,000 | −SEK 8.2m | −SEK 12.5m | −SEK 10.4m | −SEK 15.2m | −SEK 13.4m | −SEK 21.5m | −SEK 12.8m | −SEK 8.2m | −SEK 3.1m |
| Diluted earnings per share | -0.00 | -0.05 | -0.11 | -0.20 | -0.34 | -0.53 | -0.87 | -0.51 | -0.40 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 71.6m | SEK 62.0m | SEK 61.2m | SEK 6.2m | SEK 18.7m | SEK 23.1m | SEK 23.3m | SEK 15.7m | SEK 13.1m | SEK 9.2m |
| Cash and short-term investments | SEK 22.8m | SEK 6.3m | SEK 1.7m | SEK 1.2m | SEK 321,000 | SEK 5.4m | SEK 12.4m | SEK 3.5m | SEK 526,907 | SEK 597,050 |
| Total liabilities | SEK 31.0m | SEK 36.7m | SEK 42.0m | SEK 3.0m | SEK 5.1m | SEK 4.1m | SEK 1.9m | SEK 7.2m | SEK 5.5m | SEK 9.0m |
| Debt | SEK 12.0m | SEK 14.4m | SEK 15.5m | SEK 1.4m | SEK 330,000 | SEK 255,300 | SEK 200,300 | SEK 4.8m | SEK 2.2m | SEK 8.3m |
| Shareholders' equity | SEK 40.6m | SEK 24.7m | SEK 19.2m | SEK 3.2m | SEK 13.6m | SEK 19.0m | SEK 21.4m | SEK 8.5m | SEK 7.6m | SEK 199,800 |
| Shares outstanding | 175m | 175m | 111m | 51m | 44m | 25m | 25m | 25m | 21m | 319m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 2.8m | −SEK 2.7m | −SEK 11.0m | −SEK 11.0m | −SEK 11.3m | −SEK 8.4m | −SEK 16.1m | −SEK 7.4m | −SEK 8.5m | −SEK 2.4m |
| Capital spending | −SEK 776,000 | −SEK 3.9m | −SEK 591,000 | −SEK 1.4m | −SEK 1.8m | −SEK 2.9m | −SEK 2.9m | −SEK 3.3m | −SEK 7.1m | −SEK 169,600 |
| Free cash flow | SEK 2.0m | −SEK 6.6m | −SEK 11.6m | −SEK 12.4m | −SEK 13.1m | −SEK 11.2m | −SEK 19.0m | −SEK 10.8m | −SEK 15.7m | −SEK 2.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 48.4m | SEK 44.9m | SEK 30.7m | SEK 26.9m | SEK 31.0m | SEK 32.7m | SEK 36.7m | SEK 28.5m |
| Operating income | SEK 2.0m | SEK 1.6m | SEK 370,000 | SEK 62,000 | SEK 444,000 | SEK 666,000 | −SEK 1.1m | −SEK 1.6m |
| Net income | SEK 577,000 | SEK 1.3m | −SEK 214,000 | −SEK 223,000 | SEK 11,000 | SEK 216,000 | −SEK 1.8m | −SEK 2.1m |
| Diluted earnings per share | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 | -0.01 | -0.01 |
| Cash from operations | SEK 1.0m | SEK 4.0m | SEK 2.0m | SEK 1.0m | −SEK 1.0m | — | −SEK 2.0m | — |
| Capital spending | — | — | — | — | — | — | −SEK 3.0m | — |
| Free cash flow | — | — | — | — | — | — | −SEK 5.0m | — |
| Total assets | SEK 101.8m | SEK 98.2m | SEK 71.6m | SEK 56.7m | SEK 60.8m | SEK 63.2m | SEK 62.0m | SEK 59.9m |
| Cash and short-term investments | SEK 16.3m | SEK 16.5m | SEK 22.8m | SEK 5.7m | SEK 4.4m | SEK 7.2m | SEK 6.3m | SEK 6.0m |
| Debt | SEK 21.8m | SEK 21.8m | SEK 12.0m | SEK 13.4m | SEK 13.5m | SEK 15.1m | SEK 14.4m | SEK 16.8m |
| Shareholders' equity | SEK 48.6m | SEK 47.8m | SEK 40.6m | SEK 24.2m | SEK 24.7m | SEK 24.0m | SEK 25.3m | SEK 24.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 498.4% | 227.3% | 59.4% |
| Net income | -72.8% | -56.5% | -27.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1.8% | -7.8% | -16.8% | -30.3% |
| Net margin | -3.4% | -10.0% | -19.1% | -34.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -157.1 | -7.2 | -3.9 | -1.6 | -2.2 | -3.4 | -3.6 |
| Price to sales | 0.3 | 0.5 | 0.7 | 30.4 | 50.6 | 141.9 | 146.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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