X 
12.25
-3.54%
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 152.4m
FY2016FY2025
Net income
SEK 127.2m
FY2016FY2025
Free cash flow
−SEK 390.3m
FY2016FY2025
Shareholders' equity
SEK 560.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 152.4m | SEK 198.7m | SEK 238.7m | SEK 57.6m | SEK 11.5m | SEK 6.8m | SEK 600,000 | SEK 113.0m | SEK 20.8m | SEK 2.5m |
| Research and development | SEK 117.9m | SEK 312.9m | SEK 305.8m | SEK 199.6m | SEK 160.6m | SEK 203.3m | SEK 115.7m | SEK 85.8m | SEK 38.0m | SEK 2.9m |
| Operating income | −SEK 72.1m | −SEK 217.9m | −SEK 310.4m | −SEK 166.2m | −SEK 180.6m | −SEK 225.3m | −SEK 164.6m | −SEK 11.4m | −SEK 44.7m | −SEK 33.2m |
| Net income | SEK 127.2m | −SEK 266.2m | −SEK 388.2m | −SEK 172.2m | −SEK 191.0m | −SEK 226.8m | −SEK 167.5m | −SEK 13.2m | −SEK 44.9m | −SEK 33.3m |
| Diluted earnings per share | 0.27 | -21.76 | -184.54 | -90.33 | -111.31 | -159.44 | -178.39 | -28.82 | -106.20 | -94.70 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 671.6m | SEK 842.4m | SEK 653.5m | SEK 690.5m | SEK 688.4m | SEK 463.8m | SEK 338.9m | SEK 252.9m | SEK 111.0m | SEK 118.1m |
| Cash and short-term investments | SEK 86.6m | SEK 124.3m | SEK 65.4m | SEK 194.0m | SEK 295.2m | SEK 243.1m | SEK 164.2m | SEK 101.0m | SEK 7.9m | SEK 31.3m |
| Total liabilities | SEK 111.0m | SEK 633.9m | SEK 482.2m | SEK 265.6m | SEK 256.7m | SEK 206.1m | SEK 154.6m | SEK 169.8m | SEK 22.6m | SEK 10.8m |
| Debt | SEK 58.3m | SEK 191.7m | SEK 231.5m | SEK 38.2m | SEK 44.4m | SEK 6.3m | SEK 9.4m | SEK 45.6m | SEK 1.1m | SEK 1.7m |
| Shareholders' equity | SEK 560.7m | SEK 208.5m | SEK 171.3m | SEK 424.9m | SEK 431.7m | SEK 257.7m | SEK 184.3m | SEK 83.1m | SEK 88.4m | SEK 107.3m |
| Shares outstanding | 465m | 12m | 2m | 2m | 2m | 1m | 1m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 250.7m | −SEK 133.7m | −SEK 406.7m | −SEK 193.9m | −SEK 219.6m | −SEK 238.4m | −SEK 148.6m | SEK 46.7m | −SEK 36.8m | −SEK 39.4m |
| Capital spending | −SEK 139.6m | −SEK 52.2m | −SEK 16.8m | −SEK 60.1m | −SEK 77.3m | −SEK 3.9m | −SEK 1.2m | −SEK 1.6m | −SEK 3.3m | −SEK 12.1m |
| Free cash flow | −SEK 390.3m | −SEK 186.0m | −SEK 423.4m | −SEK 254.0m | −SEK 297.0m | −SEK 242.3m | −SEK 149.8m | SEK 45.1m | −SEK 40.2m | −SEK 51.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 46.8m | SEK 17.3m | SEK 9.1m | SEK 10.1m | SEK 39.9m | SEK 93.2m | SEK 65.9m | SEK 66.8m |
| Operating income | −SEK 14.7m | −SEK 10.7m | −SEK 24.7m | −SEK 22.8m | −SEK 7.7m | SEK 27.7m | −SEK 31.7m | −SEK 37.4m |
| Net income | −SEK 11.4m | −SEK 13.1m | −SEK 26.5m | −SEK 24.0m | SEK 169.6m | SEK 8.2m | −SEK 53.2m | −SEK 45.1m |
| Diluted earnings per share | -0.55 | -0.63 | -0.06 | -0.05 | 0.36 | 0.02 | -4.35 | -3.69 |
| Cash from operations | −SEK 4.0m | −SEK 8.0m | −SEK 67.0m | −SEK 49.0m | −SEK 65.0m | −SEK 68.0m | SEK 93.0m | −SEK 14.0m |
| Capital spending | — | −SEK 10.0m | −SEK 139.0m | −SEK 144.0m | −SEK 48.0m | −SEK 24.0m | −SEK 17.0m | −SEK 23.0m |
| Free cash flow | — | −SEK 18.0m | −SEK 206.0m | −SEK 193.0m | −SEK 113.0m | −SEK 92.0m | SEK 76.0m | −SEK 37.0m |
| Total assets | SEK 642.6m | SEK 670.8m | SEK 671.6m | SEK 701.5m | SEK 601.8m | SEK 696.3m | SEK 842.4m | SEK 839.7m |
| Cash and short-term investments | SEK 49.5m | SEK 66.7m | SEK 86.6m | SEK 93.6m | SEK 5.9m | SEK 24.7m | SEK 124.3m | SEK 30.6m |
| Debt | SEK 60.7m | SEK 56.9m | SEK 58.3m | — | SEK 20.0m | SEK 149.6m | SEK 191.7m | SEK 170.4m |
| Shareholders' equity | SEK 538.8m | SEK 550.2m | SEK 560.7m | SEK 587.0m | SEK 384.9m | SEK 216.3m | SEK 208.5m | SEK 260.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 38.3% | 86.1% | 79.7% |
| Operating income | -24.3% | -20.4% | 20.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -82.6% | -118.4% | -176.1% | -179.1% |
| Net margin | -39.6% | -108.0% | -167.8% | -172.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 37.3 | -0.6 | -0.0 | -0.2 | -0.2 | -0.1 | -0.0 | -0.3 | -0.1 | -0.1 |
| Price to sales | 31.1 | 0.8 | 0.1 | 0.5 | 2.7 | 2.7 | 9.3 | 0.0 | 0.2 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 125-to-1 reverse split · 17 Oct 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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