G 
18.16
+6.57%
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
—
FY2016FY2025
Net income
−SEK 109.1m
FY2016FY2025
Free cash flow
−SEK 1.04bn
FY2016FY2025
Shareholders' equity
SEK 3.09bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | SEK 11,000 | SEK 91,000 |
| Gross profit | SEK 275.9m | −SEK 6.6m | SEK 256.7m | SEK 179.7m | SEK 106.4m | SEK 41.0m | −SEK 4.7m | −SEK 6.0m | −SEK 4.3m |
| Operating income | −SEK 67.1m | −SEK 46.6m | −SEK 42.9m | −SEK 20.2m | −SEK 14.9m | −SEK 9.4m | −SEK 5.4m | −SEK 8.2m | −SEK 9.4m |
| Net income | −SEK 109.1m | −SEK 48.2m | −SEK 30.1m | −SEK 21.8m | −SEK 16.2m | SEK 6.9m | −SEK 459,000 | −SEK 8.0m | −SEK 13.6m |
| Diluted earnings per share | -0.65 | -0.45 | -0.34 | -0.38 | -0.33 | 0.24 | -0.03 | -0.64 | -0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 4.09bn | SEK 1.78bn | SEK 1.29bn | SEK 1.06bn | SEK 606.9m | SEK 347.8m | SEK 74.7m | SEK 78.6m | SEK 38.1m |
| Cash and short-term investments | SEK 1.41bn | SEK 231.8m | SEK 266.3m | SEK 329.2m | SEK 124.3m | SEK 952,000 | SEK 1.4m | SEK 28.3m | SEK 2.7m |
| Total liabilities | SEK 997.7m | SEK 178.6m | SEK 66.4m | SEK 77.2m | SEK 64.6m | SEK 51.0m | SEK 9.3m | SEK 11.6m | SEK 11.8m |
| Debt | SEK 23.5m | SEK 22.2m | SEK 20.0m | SEK 38.7m | SEK 34.5m | SEK 9.1m | SEK 7.6m | SEK 9.2m | SEK 9.4m |
| Shareholders' equity | SEK 3.09bn | SEK 1.60bn | SEK 1.23bn | SEK 986.5m | SEK 542.4m | SEK 296.8m | SEK 65.4m | SEK 67.1m | SEK 26.3m |
| Shares outstanding | 167m | 108m | 88m | 58m | 49m | 29m | 14m | 12m | 143m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 7.5m | SEK 6.0m | −SEK 24.3m | −SEK 16.5m | −SEK 24.2m | SEK 27.9m | −SEK 6.4m | −SEK 8.4m | −SEK 1.8m |
| Capital spending | −SEK 1.05bn | −SEK 458.1m | −SEK 309.1m | −SEK 245.3m | −SEK 112.0m | −SEK 41.5m | −SEK 20.1m | −SEK 13.1m | −SEK 6.4m |
| Free cash flow | −SEK 1.04bn | −SEK 452.1m | −SEK 333.4m | −SEK 261.8m | −SEK 136.2m | −SEK 13.6m | −SEK 26.5m | −SEK 21.5m | −SEK 8.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | −SEK 2.5m | −SEK 2.7m | SEK 75.8m | SEK 55.3m | SEK 62.9m | SEK 82.1m | SEK 69.4m | SEK 101.9m |
| Operating income | −SEK 21.2m | −SEK 17.4m | −SEK 26.2m | −SEK 13.7m | −SEK 16.7m | −SEK 10.7m | −SEK 20.0m | −SEK 10.4m |
| Net income | −SEK 41.4m | −SEK 28.3m | −SEK 41.4m | −SEK 28.2m | −SEK 21.7m | −SEK 17.9m | −SEK 19.2m | −SEK 5.5m |
| Diluted earnings per share | -0.17 | -0.11 | -0.25 | -0.17 | -0.13 | -0.11 | -0.18 | -0.05 |
| Cash from operations | SEK 141.0m | −SEK 55.0m | −SEK 64.0m | SEK 32.0m | SEK 57.0m | −SEK 18.0m | SEK 15.0m | −SEK 6.0m |
| Capital spending | −SEK 407.0m | −SEK 264.0m | −SEK 333.0m | −SEK 336.0m | −SEK 239.0m | −SEK 138.0m | −SEK 168.0m | −SEK 121.0m |
| Free cash flow | −SEK 266.0m | −SEK 319.0m | −SEK 397.0m | −SEK 304.0m | −SEK 182.0m | −SEK 156.0m | −SEK 153.0m | −SEK 127.0m |
| Total assets | SEK 5.15bn | SEK 4.23bn | SEK 4.09bn | SEK 2.68bn | SEK 2.37bn | SEK 2.07bn | SEK 1.78bn | SEK 1.76bn |
| Cash and short-term investments | SEK 1.35bn | SEK 1.00bn | SEK 1.41bn | SEK 316.5m | SEK 340.3m | SEK 382.3m | SEK 231.8m | SEK 384.7m |
| Debt | SEK 7.7m | SEK 18.5m | SEK 18.5m | SEK 19.2m | SEK 21.2m | SEK 22.0m | SEK 18.0m | SEK 1.8m |
| Shareholders' equity | SEK 3.77bn | SEK 3.07bn | SEK 3.09bn | SEK 1.53bn | SEK 1.56bn | SEK 1.58bn | SEK 1.60bn | SEK 1.62bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Return on equity | -3.5% | -3.0% | -2.5% | -2.2% | -3.0% | 2.3% |
| Return on assets | -2.7% | -2.7% | -2.3% | -2.0% | -2.7% | 2.0% |
| Free cash flow yield | 34.1% | 23.2% | 17.6% | 21.4% | — | — |
| Earnings growth | 126.3% | 60.1% | 38.1% | 34.2% | -335.2% | — |
| Current ratio | 1.75x | 2.61x | 5.79x | 7.84x | 3.86x | 0.06x |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.03x | 0.01x | — |
| Equity ratio | 75.6% | 89.9% | 94.9% | 92.7% | 89.4% | 85.3% |
| Interest coverage | -1.19x | -19.96x | -12.64x | -9.90x | -11.04x | 13.63x |
| Buybacks as a share of market value | -54.3% | -23.5% | -51.8% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 49.2% | 48.2% | — |
| Net income | 71.0% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -29.8 | -47.5 | -71.3 | -67.6 | -70.8 | 61.1 | -381.6 | -30.2 | -71.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 13 Dec 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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