V 
31.40
+1.95%
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.
Net income
−SEK 137.0m
FY2016FY2025
Free cash flow
SEK 231.0m
FY2016FY2025
Shareholders' equity
SEK 3.56bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | SEK 77.0m | SEK 214.0m | SEK 318.0m | SEK 378.0m | SEK 54.0m | −SEK 1.0m | −SEK 21.4m | −SEK 30.3m | −SEK 47.2m | −SEK 70.5m |
| Net income | −SEK 137.0m | −SEK 374.0m | −SEK 374.0m | SEK 141.0m | SEK 3.0m | −SEK 20.8m | −SEK 30.6m | −SEK 3.0m | −SEK 60.9m | −SEK 70.4m |
| Diluted earnings per share | -0.36 | -1.00 | -1.00 | 0.38 | 0.01 | -0.54 | -0.99 | -0.60 | -29.09 | -66.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 6.76bn | SEK 7.63bn | SEK 8.38bn | SEK 9.95bn | SEK 8.32bn | SEK 26.4m | SEK 20.5m | SEK 24.5m | SEK 34.3m | SEK 95.8m |
| Cash and short-term investments | SEK 177.0m | SEK 174.0m | SEK 345.0m | SEK 608.0m | SEK 1.52bn | SEK 2.4m | SEK 2.6m | SEK 6.3m | SEK 2.1m | SEK 8.1m |
| Total liabilities | SEK 3.18bn | SEK 3.70bn | SEK 4.32bn | SEK 5.57bn | SEK 4.72bn | SEK 35.0m | SEK 25.0m | SEK 36.0m | SEK 76.3m | SEK 104.6m |
| Debt | SEK 2.09bn | SEK 2.14bn | SEK 2.45bn | SEK 3.38bn | SEK 3.00bn | SEK 16.7m | SEK 10.2m | SEK 17.2m | SEK 48.7m | SEK 58.3m |
| Shareholders' equity | SEK 3.56bn | SEK 3.91bn | SEK 4.05bn | SEK 4.37bn | SEK 3.59bn | −SEK 8.6m | −SEK 4.4m | −SEK 11.5m | −SEK 42.1m | −SEK 8.8m |
| Shares outstanding | 379m | 376m | 376m | 368m | 336m | 39m | 31m | 5m | 2m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 314.0m | SEK 377.0m | SEK 634.0m | SEK 421.0m | −SEK 10.0m | −SEK 17.1m | −SEK 25.2m | −SEK 26.6m | −SEK 52.8m | −SEK 54.3m |
| Capital spending | −SEK 83.0m | −SEK 44.0m | −SEK 68.0m | −SEK 60.0m | −SEK 75.0m | −SEK 2.0m | −SEK 374,000 | −SEK 597,000 | −SEK 125,000 | −SEK 1.2m |
| Free cash flow | SEK 231.0m | SEK 333.0m | SEK 566.0m | SEK 361.0m | −SEK 85.0m | −SEK 19.1m | −SEK 25.5m | −SEK 27.2m | −SEK 52.9m | −SEK 55.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | SEK 8.0m | SEK 24.0m | SEK 37.0m | SEK 23.0m | SEK 24.0m | SEK 6.0m | SEK 60.0m | SEK 83.0m |
| Net income | SEK 1.0m | −SEK 274.0m | −SEK 92.0m | SEK 22.0m | −SEK 22.0m | −SEK 45.0m | −SEK 63.0m | SEK 13.0m |
| Diluted earnings per share | 0.00 | -0.72 | -0.24 | 0.06 | -0.06 | -0.12 | -0.17 | 0.03 |
| Cash from operations | SEK 113.0m | SEK 79.0m | SEK 164.0m | SEK 51.0m | SEK 79.0m | SEK 20.0m | SEK 181.0m | SEK 138.0m |
| Capital spending | −SEK 7.0m | −SEK 26.0m | −SEK 19.0m | −SEK 19.0m | −SEK 18.0m | −SEK 23.0m | −SEK 11.0m | −SEK 12.0m |
| Free cash flow | SEK 106.0m | SEK 53.0m | SEK 145.0m | SEK 32.0m | SEK 61.0m | −SEK 3.0m | SEK 170.0m | SEK 126.0m |
| Total assets | SEK 6.51bn | SEK 6.46bn | SEK 6.76bn | SEK 6.55bn | SEK 6.69bn | SEK 6.43bn | SEK 7.63bn | SEK 7.84bn |
| Cash and short-term investments | SEK 151.0m | SEK 128.0m | SEK 177.0m | SEK 22.0m | SEK 87.0m | SEK 169.0m | SEK 174.0m | SEK 150.0m |
| Debt | SEK 1.64bn | SEK 1.69bn | SEK 1.75bn | SEK 121.0m | SEK 1.42bn | SEK 1.25bn | SEK 1.78bn | SEK 1.90bn |
| Shareholders' equity | SEK 3.39bn | SEK 3.34bn | SEK 3.56bn | SEK 3.71bn | SEK 3.73bn | SEK 3.75bn | SEK 3.91bn | SEK 3.94bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.0% | 4.8% | 6.4% | 4.6% | 4.7% | -4.7% |
| Net margin | -3.6% | -8.5% | -6.5% | 2.0% | 0.3% | -96.6% |
| Return on equity | -3.9% | -9.6% | -9.2% | 3.2% | 0.1% | 240.4% |
| Return on assets | -2.0% | -4.9% | -4.5% | 1.4% | 0.0% | -78.8% |
| Free cash flow yield | 6.6% | 7.0% | 11.7% | 8.2% | 1.2% | -2.4% |
| Revenue growth | -14.5% | -23.4% | -16.9% | 560.6% | 4782.0% | -39.0% |
| Earnings growth | -63.4% | 0.0% | -365.2% | 4600.0% | -114.4% | -32.1% |
| Current ratio | 1.56x | 1.60x | 0.76x | 1.59x | 2.59x | 0.70x |
| Debt to equity | 0.49x | 0.46x | 0.51x | 0.65x | 0.74x | -1.81x |
| Equity ratio | 52.6% | 51.2% | 48.4% | 44.0% | 43.2% | -32.8% |
| Interest coverage | 0.57x | 1.08x | 1.61x | 1.74x | 1.23x | -1.00x |
| Buybacks as a share of market value | -0.7% | 0.0% | -2.2% | -9.4% | -768.1% | -25.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.3% | 181.2% | 39.9% |
| Operating income | -41.2% | — | — |
| Net income | — | 45.8% | 11.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.6% | 4.7% | 4.7% | 3.7% |
| Net margin | -6.2% | -3.6% | -3.5% | -4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -52.2 | -23.9 | -15.5 | 95.6 | — | -2.6 | -1.6 | -34.7 | -1.2 | -2.1 |
| Price to sales | 1.9 | 2.0 | 1.0 | 1.9 | 35.2 | 2.5 | 1.4 | 3.0 | 0.9 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 3-for-1 split · 28 Dec 2021
- 500-to-1 reverse split · 16 Jul 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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