V 
7.30
+4.14%
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 34.1m
FY2016FY2025
Free cash flow
−SEK 67.9m
FY2016FY2025
Shareholders' equity
SEK 124.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | SEK 1.0m | SEK 26.2m | SEK 201.8m | SEK 201.8m | SEK 2.0m | SEK 3.2m | SEK 172,000 |
| Research and development | — | — | — | — | — | SEK 88.6m | — | SEK 57.0m | — | — |
| Operating income | −SEK 34.4m | −SEK 42.0m | −SEK 132.2m | −SEK 356.7m | −SEK 128.6m | −SEK 30.1m | −SEK 32.4m | −SEK 120.1m | −SEK 103.7m | −SEK 140.5m |
| Net income | −SEK 34.1m | −SEK 39.8m | −SEK 128.7m | −SEK 367.0m | −SEK 138.9m | −SEK 10.5m | −SEK 10.5m | −SEK 171.0m | −SEK 118.0m | −SEK 160.2m |
| Diluted earnings per share | -0.06 | -0.07 | -0.24 | -0.74 | -0.29 | -0.02 | -0.03 | -0.58 | -0.44 | -0.88 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 149.0m | SEK 172.9m | SEK 220.7m | SEK 355.9m | SEK 594.3m | SEK 863.5m | SEK 1.01bn | SEK 646.4m | SEK 568.1m | SEK 521.6m |
| Cash and short-term investments | SEK 2.1m | SEK 32.3m | SEK 77.0m | SEK 142.5m | SEK 97.3m | SEK 287.4m | SEK 435.1m | SEK 116.3m | SEK 15.6m | SEK 28.0m |
| Total liabilities | SEK 24.5m | SEK 14.6m | SEK 22.9m | SEK 30.5m | SEK 44.6m | SEK 176.8m | SEK 186.0m | SEK 222.3m | SEK 223.0m | SEK 221.2m |
| Debt | SEK 13.0m | — | — | SEK 8.2m | SEK 10.4m | — | SEK 94.2m | SEK 139.6m | SEK 187.3m | SEK 168.7m |
| Shareholders' equity | SEK 124.6m | SEK 158.3m | SEK 197.8m | SEK 325.4m | SEK 549.7m | −SEK 1.22bn | SEK 819.4m | SEK 424.0m | SEK 345.0m | SEK 300.4m |
| Shares outstanding | 618m | 538m | 538m | 493m | 473m | 448m | 364m | 296m | 268m | 183m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 34.0m | −SEK 47.2m | −SEK 68.7m | −SEK 80.5m | −SEK 145.6m | −SEK 204.9m | −SEK 6.9m | −SEK 118.8m | −SEK 123.6m | −SEK 133.0m |
| Capital spending | −SEK 34.0m | — | −SEK 659,000 | −SEK 277,000 | −SEK 34.3m | −SEK 6.5m | −SEK 12.9m | −SEK 12.0m | −SEK 21.5m | −SEK 8.0m |
| Free cash flow | −SEK 67.9m | −SEK 47.2m | −SEK 69.4m | −SEK 80.8m | −SEK 179.9m | −SEK 211.4m | −SEK 19.7m | −SEK 130.9m | −SEK 145.1m | −SEK 141.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −SEK 8.6m | −SEK 6.8m | −SEK 8.9m | −SEK 7.1m | −SEK 9.7m | −SEK 8.6m | −SEK 11.0m | −SEK 10.8m |
| Net income | −SEK 8.4m | −SEK 6.9m | −SEK 9.1m | −SEK 7.2m | −SEK 9.5m | −SEK 8.3m | −SEK 10.7m | −SEK 10.3m |
| Diluted earnings per share | -0.76 | -0.62 | -0.01 | -0.01 | -0.02 | -0.01 | -0.02 | -0.02 |
| Cash from operations | −SEK 8.0m | −SEK 6.0m | −SEK 12.0m | −SEK 2.0m | −SEK 15.0m | −SEK 3.0m | −SEK 8.0m | −SEK 11.0m |
| Capital spending | — | — | −SEK 12.0m | — | −SEK 3.0m | −SEK 6.0m | — | — |
| Free cash flow | — | — | −SEK 24.0m | — | −SEK 18.0m | −SEK 9.0m | — | — |
| Total assets | SEK 168.6m | SEK 177.9m | SEK 149.0m | SEK 150.0m | SEK 152.8m | SEK 171.0m | SEK 172.9m | SEK 184.5m |
| Cash and short-term investments | SEK 23.5m | SEK 31.5m | SEK 2.1m | SEK 1.5m | SEK 4.2m | SEK 23.6m | SEK 32.3m | — |
| Debt | — | — | SEK 13.0m | — | — | — | — | — |
| Shareholders' equity | SEK 158.3m | SEK 166.6m | SEK 124.6m | SEK 133.6m | SEK 140.7m | SEK 150.1m | SEK 158.3m | SEK 168.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -54.2% | 2.7% | -12.6% |
| Net income | -54.7% | 26.5% | -13.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -213.1 | -341.6 | -148.2 | -50.8 | -776.5 | -15264.6 | -12440.4 | -909.5 | -340.9 | -571.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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