X
0.14
+2.19%
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 2.3m
FY2016FY2025
Net income
−SEK 48.6m
FY2016FY2025
Free cash flow
−SEK 83.2m
FY2016FY2025
Shareholders' equity
−SEK 5.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 2.3m | SEK 4.2m | SEK 78,000 | — | — | — | SEK 38,000 | SEK 1.6m | SEK 2,000 | SEK 3,000 |
| Research and development | SEK 36.0m | SEK 33.2m | SEK 46.2m | SEK 55.8m | SEK 44.1m | SEK 38.2m | SEK 34.7m | SEK 17.6m | SEK 16.2m | SEK 14.5m |
| Operating income | −SEK 46.7m | −SEK 39.4m | −SEK 57.2m | −SEK 69.1m | −SEK 60.6m | −SEK 33.9m | −SEK 38.0m | −SEK 24.2m | −SEK 21.9m | −SEK 17.1m |
| Net income | −SEK 48.6m | −SEK 39.2m | −SEK 54.1m | −SEK 66.2m | −SEK 58.9m | −SEK 52.9m | −SEK 43.5m | −SEK 26.3m | −SEK 21.9m | −SEK 18.1m |
| Diluted earnings per share | -0.06 | -0.07 | -0.13 | -0.37 | -0.40 | -0.92 | -0.62 | -0.81 | -0.42 | -0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 29.0m | SEK 24.8m | SEK 18.4m | SEK 24.5m | SEK 24.7m | SEK 48.5m | SEK 17.1m | SEK 49.7m | SEK 28.6m | SEK 23.8m |
| Cash and short-term investments | SEK 23.2m | SEK 16.7m | SEK 7.8m | SEK 8.3m | SEK 9.9m | SEK 33.6m | SEK 412,000 | SEK 31.4m | SEK 21.9m | SEK 19.0m |
| Total liabilities | SEK 34.3m | SEK 30.7m | SEK 14.0m | SEK 18.7m | SEK 20.8m | SEK 20.9m | SEK 7.8m | SEK 4.8m | SEK 10.2m | SEK 2.9m |
| Debt | SEK 20.0m | — | — | — | — | SEK 10.9m | — | — | — | — |
| Shareholders' equity | −SEK 5.3m | −SEK 6.0m | SEK 4.4m | SEK 5.8m | SEK 3.9m | SEK 27.6m | SEK 9.3m | SEK 44.9m | SEK 18.4m | SEK 21.0m |
| Shares outstanding | 834m | 573m | 420m | 180m | 146m | 58m | 70m | 32m | 52m | 45m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 41.6m | −SEK 40.7m | −SEK 53.1m | −SEK 39.5m | −SEK 42.9m | −SEK 21.3m | −SEK 30.9m | −SEK 31.2m | −SEK 14.4m | −SEK 17.4m |
| Capital spending | −SEK 41.6m | — | −SEK 104,000 | −SEK 111,000 | −SEK 1.3m | −SEK 383,000 | −SEK 1.6m | −SEK 12.2m | −SEK 2.1m | −SEK 725,000 |
| Free cash flow | −SEK 83.2m | −SEK 40.7m | −SEK 53.2m | −SEK 39.6m | −SEK 44.1m | −SEK 21.7m | −SEK 32.5m | −SEK 43.5m | −SEK 16.4m | −SEK 18.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 1.3m | SEK 443,000 | SEK 415,000 | SEK 855,000 | SEK 872,000 | SEK 140,000 | SEK 1.1m | SEK 2.8m |
| Operating income | −SEK 9.7m | −SEK 11.3m | −SEK 15.6m | −SEK 9.5m | −SEK 11.5m | −SEK 10.1m | −SEK 10.9m | −SEK 7.4m |
| Net income | −SEK 9.8m | −SEK 11.8m | −SEK 16.7m | −SEK 9.5m | −SEK 12.0m | −SEK 10.4m | −SEK 10.4m | −SEK 7.8m |
| Diluted earnings per share | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 |
| Cash from operations | −SEK 9.0m | −SEK 12.0m | −SEK 18.0m | −SEK 6.0m | −SEK 6.0m | −SEK 10.0m | −SEK 13.0m | — |
| Capital spending | −SEK 9.0m | — | −SEK 18.0m | −SEK 6.0m | — | — | — | — |
| Free cash flow | −SEK 18.0m | — | −SEK 36.0m | −SEK 12.0m | — | — | — | — |
| Total assets | SEK 35.1m | SEK 14.6m | SEK 29.0m | SEK 9.1m | SEK 18.2m | SEK 13.0m | SEK 24.8m | SEK 7.9m |
| Cash and short-term investments | SEK 30.7m | SEK 9.8m | SEK 23.2m | SEK 3.4m | SEK 10.5m | SEK 6.4m | SEK 16.7m | SEK 1.3m |
| Debt | SEK 30.0m | — | — | — | — | — | — | — |
| Shareholders' equity | −SEK 27.2m | −SEK 17.5m | −SEK 5.3m | −SEK 27.9m | −SEK 18.5m | −SEK 16.6m | −SEK 6.0m | −SEK 25.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | — | 11.7% |
| Operating income | -12.2% | 6.6% | 15.0% |
| Net income | -9.8% | -1.7% | 15.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1325.7% | — | — | — |
| Net margin | -1350.7% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.9 | -4.8 | -2.1 | -1.3 | -1.3 | -0.9 | -1.4 | -1.6 | -1.6 | -2.1 |
| Price to sales | 103.8 | 44.9 | — | — | — | — | — | 25.6 | — | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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