V 
65.80
-0.60%
Close of 9 Nov 2026, in SEK
Search any instrument
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 675.6m
FY2016FY2025
Net income
SEK 6.0m
FY2016FY2025
Free cash flow
SEK 3.4m
FY2016FY2025
Shareholders' equity
SEK 723.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 675.6m | SEK 464.1m | SEK 347.6m | SEK 314.7m | SEK 130.6m | SEK 76.7m | SEK 83.3m | SEK 78.8m | SEK 49.4m | SEK 44.3m |
| Research and development | — | — | SEK 12.2m | SEK 7.8m | SEK 5.6m | SEK 859,000 | SEK 669,000 | SEK 495,000 | SEK 406,000 | — |
| Operating income | SEK 20.4m | SEK 60.8m | SEK 28.1m | SEK 8.4m | SEK 4.7m | SEK 6.8m | SEK 7.6m | SEK 4.1m | SEK 2.0m | SEK 3.6m |
| Net income | SEK 6.0m | SEK 41.2m | SEK 11.9m | SEK 8.9m | SEK 2.5m | SEK 4.7m | SEK 5.8m | SEK 2.9m | SEK 1.4m | SEK 2.3m |
| Diluted earnings per share | 0.18 | 1.36 | 0.51 | 0.39 | 0.15 | 0.37 | 0.45 | 5.31 | 0.04 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 1.24bn | SEK 1.15bn | SEK 540.9m | SEK 549.4m | SEK 349.9m | SEK 107.6m | SEK 86.8m | SEK 36.9m | SEK 31.5m | SEK 18.5m |
| Cash and short-term investments | SEK 28.9m | SEK 36.1m | SEK 24.6m | SEK 35.0m | SEK 100.8m | SEK 49.2m | SEK 33.8m | SEK 1.8m | SEK 2.8m | SEK 4.2m |
| Total liabilities | SEK 520.9m | SEK 502.0m | SEK 270.6m | SEK 287.6m | SEK 167.4m | SEK 63.5m | SEK 47.2m | SEK 27.2m | SEK 23.7m | SEK 10.5m |
| Debt | SEK 313.8m | SEK 280.5m | SEK 190.0m | SEK 189.0m | SEK 109.9m | SEK 34.9m | SEK 16.0m | SEK 14.3m | SEK 10.3m | SEK 800,000 |
| Shareholders' equity | SEK 723.8m | SEK 652.6m | SEK 270.3m | SEK 252.4m | SEK 182.5m | SEK 44.1m | SEK 39.6m | SEK 9.6m | SEK 7.9m | SEK 5.1m |
| Shares outstanding | 34m | 30m | 23m | 23m | 16m | 13m | 13m | 1m | 36m | 36m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 40.4m | SEK 70.0m | SEK 42.7m | SEK 26.6m | −SEK 9.1m | SEK 2.2m | SEK 19.3m | SEK 7.0m | SEK 2.9m | — |
| Capital spending | −SEK 37.0m | −SEK 27.9m | −SEK 26.3m | −SEK 25.2m | −SEK 8.5m | −SEK 3.1m | −SEK 3.0m | −SEK 1.3m | −SEK 60,000 | — |
| Free cash flow | SEK 3.4m | SEK 42.1m | SEK 16.5m | SEK 1.4m | −SEK 17.5m | −SEK 952,000 | SEK 16.3m | SEK 5.7m | SEK 2.8m | — |
| Dividends paid | — | — | — | — | — | — | −SEK 2.0m | −SEK 1.5m | −SEK 1.0m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 199.3m | SEK 164.6m | SEK 186.3m | SEK 150.7m | SEK 168.1m | SEK 170.6m | SEK 202.8m | SEK 82.1m |
| Operating income | −SEK 13.1m | SEK 7.2m | SEK 13.5m | SEK 14.5m | −SEK 11.6m | SEK 5.8m | SEK 18.1m | SEK 14.9m |
| Net income | −SEK 18.3m | SEK 1.7m | SEK 6.7m | SEK 10.6m | −SEK 16.9m | SEK 5.6m | SEK 11.7m | SEK 10.9m |
| Diluted earnings per share | -0.51 | 0.05 | 0.20 | 0.31 | -0.50 | 0.16 | 0.38 | 0.36 |
| Cash from operations | SEK 26.0m | SEK 33.0m | SEK 12.0m | −SEK 2.0m | SEK 10.0m | SEK 20.0m | SEK 15.0m | SEK 7.0m |
| Capital spending | −SEK 7.0m | −SEK 8.0m | −SEK 12.0m | — | −SEK 9.0m | −SEK 7.0m | −SEK 12.0m | −SEK 4.0m |
| Free cash flow | SEK 19.0m | SEK 25.0m | SEK 0 | — | SEK 1.0m | SEK 13.0m | SEK 3.0m | SEK 3.0m |
| Total assets | SEK 1.61bn | SEK 1.24bn | SEK 1.24bn | SEK 1.18bn | SEK 1.12bn | SEK 1.16bn | SEK 1.15bn | SEK 537.0m |
| Cash and short-term investments | SEK 51.5m | SEK 33.5m | SEK 28.9m | SEK 26.7m | SEK 38.5m | SEK 90.1m | SEK 36.1m | SEK 29.6m |
| Debt | SEK 328.5m | SEK 260.1m | SEK 313.8m | SEK 287.6m | SEK 212.6m | SEK 279.7m | SEK 280.5m | SEK 71.2m |
| Shareholders' equity | SEK 915.4m | SEK 733.2m | SEK 723.8m | SEK 714.9m | SEK 707.1m | SEK 693.9m | SEK 652.6m | SEK 387.2m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 2.8% | 13.2% | 8.1% | 2.6% | 3.3% | 8.4% | — | — |
| Net margin | 0.9% | 8.9% | 3.4% | 2.8% | 1.9% | 6.1% | — | — |
| Return on equity | 0.8% | 6.3% | 4.4% | 3.5% | 1.3% | 10.6% | — | — |
| Return on assets | 0.5% | 3.6% | 2.2% | 1.6% | 0.7% | 4.3% | — | — |
| Free cash flow yield | 3.5% | 5.0% | 4.6% | 3.5% | -0.1% | 0.6% | — | — |
| Revenue growth | 45.6% | 33.5% | 10.5% | 141.0% | 70.3% | -7.9% | — | — |
| Earnings growth | -85.3% | 247.2% | 33.0% | 263.1% | -47.3% | -19.3% | — | — |
| Current ratio | 0.75x | 0.83x | 0.53x | 1.05x | 1.99x | 1.42x | — | — |
| Debt to equity | 0.38x | 0.38x | 0.87x | 0.69x | 0.52x | 0.70x | — | — |
| Equity ratio | 58.2% | 56.5% | 50.0% | 45.9% | 52.1% | 41.0% | — | — |
| Interest coverage | 1.21x | 6.14x | 2.63x | 1.77x | 2.84x | 16.97x | — | — |
| R&D as a share of sales | — | — | 3.5% | 2.5% | 4.3% | 1.1% | 0.8% | 0.6% |
| Buybacks as a share of market value | -12.1% | -31.5% | -1.9% | -39.8% | -26.9% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 29.0% | 54.5% | 31.8% |
| Operating income | 34.5% | 24.5% | 16.7% |
| Net income | -12.2% | 5.3% | 9.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 7.1% | 6.5% | 6.4% | 6.5% |
| Net margin | 4.1% | 3.8% | 3.7% | 3.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 379.9 | 39.4 | 45.8 | 83.6 | 266.5 | 41.1 | 48.6 |
| Price to sales | 3.4 | 3.5 | 1.6 | 2.4 | 5.0 | 2.5 | 3.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.