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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 15.4m
FY2016FY2025
Net income
−SEK 3.0m
FY2016FY2025
Free cash flow
−SEK 8.0m
FY2016FY2025
Shareholders' equity
SEK 9.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 15.4m | SEK 19.8m | SEK 19.8m | SEK 18.8m | SEK 22.0m | SEK 20.7m | SEK 11.9m | SEK 10.2m | SEK 6.7m | SEK 5.2m |
| Research and development | — | SEK 6.2m | SEK 5.7m | SEK 6.0m | SEK 5.2m | SEK 4.8m | SEK 4.0m | SEK 3.2m | SEK 823,245 | SEK 995,800 |
| Operating income | −SEK 2.8m | −SEK 20.2m | −SEK 31.0m | −SEK 36.7m | −SEK 33.4m | −SEK 24.6m | −SEK 27.3m | −SEK 29.3m | −SEK 22.6m | −SEK 10.0m |
| Net income | −SEK 3.0m | −SEK 23.3m | −SEK 31.3m | −SEK 36.8m | −SEK 33.5m | −SEK 25.2m | −SEK 27.4m | −SEK 29.3m | −SEK 22.7m | −SEK 10.0m |
| Diluted earnings per share | -0.00 | -0.26 | -0.33 | -0.89 | -0.82 | -0.74 | -1.61 | -1.82 | -1.56 | -1.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 20.9m | SEK 29.1m | SEK 27.5m | SEK 53.1m | SEK 64.1m | SEK 41.7m | SEK 32.8m | SEK 59.3m | SEK 66.7m | SEK 32.5m |
| Cash and short-term investments | SEK 279,000 | SEK 499,000 | SEK 2.0m | SEK 7.8m | SEK 45.1m | SEK 18.6m | SEK 9.3m | SEK 37.8m | SEK 46.2m | SEK 22.1m |
| Total liabilities | SEK 11.8m | SEK 23.0m | SEK 20.7m | SEK 21.9m | SEK 18.9m | SEK 16.8m | SEK 12.6m | SEK 11.7m | SEK 9.9m | SEK 5.9m |
| Debt | SEK 139,000 | SEK 1.8m | SEK 3.3m | SEK 194,745 | SEK 50,000 | SEK 383,300 | SEK 893,700 | SEK 1.5m | SEK 2.3m | SEK 5.9m |
| Shareholders' equity | SEK 9.1m | SEK 5.2m | SEK 6.8m | SEK 31.2m | SEK 45.2m | SEK 24.8m | SEK 20.3m | SEK 47.6m | SEK 56.8m | SEK 26.6m |
| Shares outstanding | 1,186m | 90m | 96m | 41m | 41m | 34m | 17m | 16m | 15m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 4.0m | −SEK 14.8m | −SEK 4.7m | −SEK 48.2m | −SEK 25.1m | −SEK 17.3m | −SEK 22.6m | −SEK 22.7m | −SEK 19.9m | −SEK 8.2m |
| Capital spending | −SEK 4.0m | −SEK 4 | −SEK 50,261 | −SEK 11.8m | −SEK 2.3m | −SEK 2.3m | −SEK 5.3m | −SEK 5.6m | −SEK 6.7m | −SEK 2.9m |
| Free cash flow | −SEK 8.0m | −SEK 14.8m | −SEK 4.8m | −SEK 59.9m | −SEK 27.3m | −SEK 19.6m | −SEK 28.0m | −SEK 28.3m | −SEK 26.6m | −SEK 11.1m |
| Dividends paid | — | — | — | — | — | −SEK 260,799 | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 3.1m | SEK 3.3m | SEK 3.8m | SEK 3.7m | SEK 3.9m | SEK 4.0m | SEK 4.1m | SEK 4.2m |
| Operating income | −SEK 765,000 | −SEK 490,000 | −SEK 217,000 | −SEK 484,000 | −SEK 1.7m | −SEK 1.1m | −SEK 5.5m | −SEK 3.6m |
| Net income | −SEK 752,000 | −SEK 504,000 | −SEK 388,000 | −SEK 506,000 | −SEK 1.8m | −SEK 1.2m | −SEK 5.5m | −SEK 5.4m |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.06 | -0.06 |
| Cash from operations | SEK 1.0m | SEK 1.0m | — | −SEK 2.0m | — | −SEK 2.0m | −SEK 1.0m | −SEK 21.0m |
| Capital spending | — | −SEK 1.0m | — | −SEK 2.0m | — | — | — | — |
| Free cash flow | — | SEK 0 | — | −SEK 4.0m | — | — | — | — |
| Total assets | SEK 18.7m | SEK 21.7m | SEK 20.9m | SEK 22.0m | SEK 24.4m | SEK 25.1m | SEK 28.2m | SEK 29.7m |
| Cash and short-term investments | SEK 1.7m | SEK 443,000 | SEK 279,000 | SEK 269,000 | SEK 3.1m | SEK 1.3m | SEK 499,000 | SEK 3.2m |
| Debt | SEK 800,000 | SEK 900,000 | SEK 139,000 | SEK 548,000 | SEK 965,000 | SEK 1.4m | SEK 1.8m | SEK 1.7m |
| Shareholders' equity | SEK 8.5m | SEK 9.2m | SEK 9.1m | SEK 9.1m | SEK 9.7m | SEK 8.8m | SEK 5.2m | SEK 11.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.5% | -5.8% | 15.9% |
| Operating income | -57.4% | -35.0% | -3.8% |
| Net income | -56.4% | -34.5% | -3.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -65.6% | -123.2% | -127.9% | -157.4% |
| Net margin | -74.8% | -127.9% | -131.4% | -160.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.7 | -0.1 | -0.3 | -0.2 | -0.9 | -2.0 | -0.3 | -0.7 | -1.0 |
| Price to sales | 0.7 | 0.1 | 0.5 | 0.3 | 1.4 | 2.4 | 0.8 | 1.9 | 3.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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