X
11.70
+8.33%
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 171.4m
FY2016FY2025
Free cash flow
−SEK 222.3m
FY2016FY2025
Shareholders' equity
SEK 604.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | SEK 277,000 | SEK 331,546 | SEK 792,000 |
| Research and development | SEK 8.6m | SEK 82.0m | SEK 33.6m | SEK 22.2m | SEK 38.6m | SEK 6.5m | SEK 3.4m | SEK 5.5m | SEK 3.4m | — |
| Operating income | −SEK 156.9m | −SEK 283.2m | −SEK 181.7m | −SEK 133.1m | −SEK 98.0m | −SEK 53.5m | −SEK 45.7m | −SEK 23.2m | −SEK 13.3m | −SEK 4.1m |
| Net income | −SEK 171.4m | −SEK 285.5m | −SEK 179.7m | −SEK 130.3m | −SEK 96.7m | −SEK 52.3m | −SEK 45.8m | −SEK 23.1m | −SEK 13.2m | −SEK 4.1m |
| Diluted earnings per share | -4.11 | -8.21 | -6.09 | -5.81 | -5.03 | -3.10 | -3.04 | -1.68 | -1.07 | -1.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 769.3m | SEK 796.3m | SEK 765.3m | SEK 585.4m | SEK 622.9m | SEK 605.3m | SEK 400.7m | SEK 312.5m | SEK 161.4m | SEK 51.9m |
| Cash and short-term investments | SEK 153.7m | SEK 208.2m | SEK 166.3m | SEK 120.2m | SEK 271.9m | SEK 325.6m | SEK 209.9m | SEK 221.3m | SEK 115.5m | SEK 28.8m |
| Total liabilities | SEK 164.7m | SEK 173.2m | SEK 71.8m | SEK 29.4m | SEK 31.2m | SEK 22.7m | SEK 27.0m | SEK 10.8m | SEK 5.8m | SEK 5.4m |
| Debt | SEK 170.1m | SEK 128.2m | SEK 36.8m | SEK 2.1m | SEK 3.2m | SEK 4.9m | SEK 5.3m | — | — | — |
| Shareholders' equity | SEK 604.6m | SEK 623.1m | SEK 693.4m | SEK 556.0m | SEK 591.8m | SEK 582.6m | SEK 373.7m | SEK 301.7m | SEK 155.7m | SEK 46.5m |
| Shares outstanding | 42m | 35m | 30m | 22m | 19m | 17m | 15m | 14m | 12m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 193.2m | −SEK 222.4m | −SEK 203.3m | −SEK 110.2m | −SEK 51.6m | −SEK 47.8m | −SEK 34.2m | −SEK 17.7m | −SEK 11.0m | −SEK 1.7m |
| Capital spending | −SEK 29.2m | −SEK 42.1m | −SEK 54.1m | −SEK 128.3m | −SEK 96.0m | −SEK 97.2m | −SEK 92.0m | −SEK 47.0m | −SEK 24.6m | −SEK 19.6m |
| Free cash flow | −SEK 222.3m | −SEK 264.5m | −SEK 257.4m | −SEK 238.5m | −SEK 147.6m | −SEK 145.0m | −SEK 126.2m | −SEK 64.7m | −SEK 35.7m | −SEK 21.4m |
| Dividends paid | — | — | — | −SEK 2.2m | −SEK 2.2m | −SEK 1.0m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −SEK 31.0m | −SEK 31.7m | −SEK 33.4m | −SEK 44.7m | −SEK 41.1m | −SEK 39.5m | −SEK 80.1m | −SEK 82.7m |
| Net income | −SEK 39.8m | −SEK 35.4m | −SEK 37.0m | −SEK 47.3m | −SEK 44.9m | −SEK 42.3m | −SEK 82.0m | −SEK 82.2m |
| Diluted earnings per share | -0.87 | -0.77 | -0.89 | -1.13 | -1.07 | -1.01 | -2.36 | -2.37 |
| Cash from operations | −SEK 36.0m | −SEK 30.0m | −SEK 41.0m | −SEK 41.0m | −SEK 44.0m | −SEK 66.0m | −SEK 61.0m | −SEK 41.0m |
| Capital spending | −SEK 10.0m | −SEK 1.0m | −SEK 1.0m | −SEK 27.0m | −SEK 6.0m | −SEK 14.0m | −SEK 19.0m | −SEK 9.0m |
| Free cash flow | −SEK 46.0m | −SEK 31.0m | −SEK 42.0m | −SEK 68.0m | −SEK 50.0m | −SEK 80.0m | −SEK 80.0m | −SEK 50.0m |
| Total assets | SEK 811.2m | SEK 736.4m | SEK 769.3m | SEK 820.2m | SEK 697.0m | SEK 737.7m | SEK 796.3m | SEK 667.7m |
| Cash and short-term investments | SEK 179.9m | SEK 120.7m | SEK 153.7m | SEK 198.0m | SEK 73.8m | SEK 125.7m | SEK 208.2m | SEK 74.8m |
| Debt | SEK 128.2m | SEK 127.5m | SEK 148.4m | SEK 148.9m | SEK 125.7m | SEK 127.0m | SEK 128.2m | SEK 33.6m |
| Shareholders' equity | SEK 637.5m | SEK 569.4m | SEK 604.6m | SEK 641.7m | SEK 535.5m | SEK 580.5m | SEK 623.1m | SEK 585.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 5.6% | 24.0% | 29.2% |
| Net income | 9.6% | 26.8% | 30.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.7 | -2.1 | -2.8 | -4.2 | -5.4 | -13.6 | -3.5 | -5.4 | -7.5 |
| Price to sales | — | — | — | — | — | — | — | 448.5 | 297.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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