T 
10.30
+3.00%
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 578.2m
FY2016FY2025
Net income
−SEK 11.7m
FY2016FY2025
Free cash flow
−SEK 2.3m
FY2016FY2025
Shareholders' equity
SEK 18.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 578.2m | SEK 485.6m | SEK 438.1m | SEK 424.3m | SEK 339.7m | SEK 299.7m | SEK 287.0m | SEK 221.9m | SEK 171.4m | SEK 134.2m |
| Research and development | — | — | SEK 362,000 | SEK 118,000 | SEK 238,000 | SEK 37,000 | — | SEK 711,000 | SEK 417,000 | SEK 40,000 |
| Operating income | −SEK 1.7m | −SEK 49.7m | SEK 8.1m | SEK 10.3m | −SEK 5.5m | SEK 4.0m | −SEK 20.1m | −SEK 25.6m | −SEK 6.3m | SEK 5.0m |
| Net income | −SEK 11.7m | −SEK 51.4m | SEK 3.7m | SEK 9.9m | −SEK 12.6m | SEK 1.3m | −SEK 19.9m | −SEK 25.6m | −SEK 5.5m | SEK 3.7m |
| Diluted earnings per share | -1.12 | -4.90 | 0.35 | 0.94 | -1.30 | 0.14 | -2.40 | -3.40 | -0.76 | 0.51 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 237.1m | SEK 208.7m | SEK 241.9m | SEK 235.2m | SEK 196.5m | SEK 144.7m | SEK 108.5m | SEK 110.3m | SEK 101.2m | SEK 51.5m |
| Cash and short-term investments | SEK 18.1m | SEK 15.2m | SEK 21.2m | SEK 21.2m | SEK 26.6m | SEK 28.9m | SEK 25.1m | SEK 29.4m | SEK 47.1m | SEK 17.4m |
| Total liabilities | SEK 218.4m | SEK 177.2m | SEK 159.8m | SEK 157.0m | SEK 145.1m | SEK 112.8m | SEK 88.1m | SEK 85.7m | SEK 69.0m | SEK 43.7m |
| Debt | SEK 54.8m | SEK 37.0m | SEK 39.1m | SEK 45.3m | SEK 35.6m | SEK 32.6m | SEK 26.0m | SEK 8.6m | SEK 2.3m | SEK 1.8m |
| Shareholders' equity | SEK 18.7m | SEK 31.5m | SEK 80.0m | SEK 77.3m | SEK 52.9m | SEK 31.9m | SEK 20.5m | SEK 24.6m | SEK 32.1m | SEK 7.8m |
| Shares outstanding | 10m | 10m | 10m | 10m | 10m | 9m | 8m | 8m | 7m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 2.0m | SEK 9.4m | SEK 19.1m | SEK 6.8m | SEK 3.8m | SEK 14.6m | −SEK 7.6m | −SEK 13.0m | SEK 6.7m | SEK 7.5m |
| Capital spending | −SEK 310,000 | −SEK 443,000 | −SEK 2.8m | −SEK 1.1m | −SEK 2.1m | −SEK 1.9m | −SEK 3.2m | −SEK 3.3m | −SEK 1.3m | −SEK 2.2m |
| Free cash flow | −SEK 2.3m | SEK 9.0m | SEK 16.3m | SEK 5.7m | SEK 1.6m | SEK 12.7m | −SEK 10.7m | −SEK 16.3m | SEK 5.3m | SEK 5.2m |
| Dividends paid | — | — | — | — | — | −SEK 6.8m | — | — | −SEK 5.7m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 153.2m | SEK 145.9m | SEK 155.3m | SEK 146.3m | SEK 145.0m | SEK 131.6m | SEK 122.3m | SEK 118.1m |
| Operating income | SEK 757,000 | SEK 1.7m | −SEK 2.9m | SEK 1.9m | −SEK 8.7m | −SEK 1.4m | −SEK 43.4m | −SEK 7.2m |
| Net income | SEK 283,000 | SEK 1.4m | −SEK 845,000 | SEK 1.9m | −SEK 9.0m | −SEK 2.8m | −SEK 44.6m | −SEK 6.2m |
| Diluted earnings per share | 0.03 | 0.13 | -0.08 | 0.18 | -0.85 | -0.26 | -4.25 | -0.59 |
| Cash from operations | SEK 1.0m | SEK 13.0m | SEK 4.0m | SEK 11.0m | −SEK 14.0m | −SEK 3.0m | SEK 1.0m | SEK 15.0m |
| Total assets | SEK 208.2m | SEK 202.7m | SEK 237.1m | SEK 212.3m | SEK 228.8m | SEK 215.7m | SEK 208.7m | SEK 225.9m |
| Cash and short-term investments | SEK 11.1m | SEK 9.9m | SEK 18.1m | SEK 11.9m | SEK 9.0m | SEK 8.6m | SEK 15.2m | SEK 17.7m |
| Debt | SEK 19.9m | SEK 14.3m | SEK 66.8m | SEK 56.0m | SEK 55.4m | SEK 43.1m | SEK 37.0m | SEK 36.1m |
| Shareholders' equity | SEK 20.3m | SEK 18.5m | SEK 18.7m | SEK 19.9m | SEK 18.5m | SEK 27.4m | SEK 31.5m | SEK 71.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.9% | 14.0% | 20.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -4.8% | -1.7% | -1.3% | -2.3% |
| Net margin | -5.9% | -2.6% | -2.4% | -3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.0 | -2.2 | 44.0 | 18.1 | -26.1 | 262.2 | -12.5 | -6.2 | -23.0 |
| Price to sales | 0.2 | 0.2 | 0.4 | 0.4 | 1.0 | 1.1 | 0.9 | 0.7 | 0.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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