X 
200.80
+1.67%
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 812.2m
FY2016FY2025
Net income
SEK 25.2m
FY2016FY2025
Free cash flow
—
FY2016FY2025
Shareholders' equity
SEK 2.11bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 812.2m | SEK 822.4m | SEK 597.5m | SEK 415.3m | SEK 258.4m | SEK 179.9m | SEK 220.8m | SEK 187.9m | SEK 148.3m | SEK 138.2m |
| Gross profit | SEK 533.5m | SEK 616.4m | SEK 445.1m | SEK 297.0m | SEK 188.3m | SEK 133.0m | SEK 162.8m | SEK 136.0m | SEK 113.4m | SEK 102.2m |
| Research and development | SEK 100.7m | SEK 148.3m | SEK 135.9m | SEK 69.3m | SEK 54.0m | SEK 56.2m | SEK 62.7m | SEK 47.9m | SEK 39.5m | SEK 36.7m |
| Operating income | SEK 93.0m | SEK 88.4m | SEK 10.0m | SEK 23.2m | SEK 7.0m | −SEK 56.7m | SEK 5.6m | SEK 14.0m | SEK 7.2m | SEK 3.0m |
| Net income | SEK 25.2m | SEK 172.2m | SEK 91.8m | SEK 18.4m | SEK 8.2m | −SEK 43.7m | SEK 4.9m | SEK 12.7m | SEK 6.3m | SEK 1.5m |
| Diluted earnings per share | 0.80 | 5.44 | 2.91 | 0.62 | 0.28 | -1.53 | 0.19 | 0.48 | 0.24 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 2.37bn | SEK 2.40bn | SEK 2.20bn | SEK 1.73bn | SEK 1.54bn | SEK 1.15bn | SEK 634.5m | SEK 586.6m | SEK 538.5m | SEK 349.3m |
| Cash and short-term investments | SEK 292.1m | SEK 415.5m | SEK 546.1m | SEK 246.5m | SEK 398.7m | SEK 353.4m | SEK 159.1m | SEK 186.3m | SEK 195.0m | SEK 23.4m |
| Total liabilities | SEK 260.7m | SEK 246.0m | SEK 250.6m | SEK 302.9m | SEK 257.1m | SEK 141.8m | SEK 57.0m | SEK 46.1m | SEK 34.2m | SEK 32.9m |
| Debt | SEK 124.7m | SEK 34.0m | SEK 31.4m | SEK 10.0m | SEK 5.7m | SEK 7.2m | SEK 5.5m | — | — | — |
| Shareholders' equity | SEK 2.11bn | SEK 2.16bn | SEK 1.95bn | SEK 1.43bn | SEK 1.29bn | SEK 1.01bn | SEK 577.5m | SEK 540.5m | SEK 504.3m | SEK 316.4m |
| Shares outstanding | 32m | 32m | 31m | 30m | 29m | 29m | 27m | 26m | 26m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 101.1m | SEK 111.3m | SEK 46.3m | SEK 27.9m | −SEK 12.1m | −SEK 12.3m | SEK 29.5m | SEK 23.6m | SEK 22.2m | SEK 12.6m |
| Capital spending | −SEK 101.1m | −SEK 193.2m | −SEK 43.0m | −SEK 130.9m | −SEK 94.1m | −SEK 64.7m | −SEK 83.7m | −SEK 54.7m | −SEK 34.9m | −SEK 20.5m |
| Free cash flow | — | −SEK 81.9m | SEK 3.3m | −SEK 103.1m | −SEK 106.1m | −SEK 76.9m | −SEK 54.2m | −SEK 31.1m | −SEK 12.7m | −SEK 8.0m |
| Dividends paid | — | — | — | −SEK 7.3m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 239.0m | SEK 241.0m | SEK 226.1m | SEK 189.1m | SEK 178.3m | SEK 218.6m | SEK 227.6m | SEK 198.5m |
| Gross profit | SEK 151.1m | SEK 171.0m | SEK 114.6m | SEK 125.9m | SEK 132.7m | SEK 160.4m | SEK 175.1m | SEK 147.9m |
| Operating income | SEK 22.0m | SEK 31.9m | SEK 41.0m | SEK 18.3m | SEK 7.1m | SEK 26.6m | SEK 15.5m | SEK 20.5m |
| Net income | SEK 16.3m | SEK 36.3m | SEK 31.6m | SEK 4.3m | SEK 1.6m | −SEK 12.4m | SEK 36.4m | SEK 85.8m |
| Diluted earnings per share | 0.52 | 1.15 | 1.00 | 0.14 | 0.05 | -0.39 | 1.15 | 2.71 |
| Cash from operations | SEK 63.0m | SEK 65.0m | SEK 86.0m | SEK 20.0m | SEK 8.0m | −SEK 15.0m | SEK 62.0m | SEK 22.0m |
| Capital spending | −SEK 63.0m | −SEK 10.0m | −SEK 86.0m | −SEK 20.0m | −SEK 8.0m | −SEK 15.0m | −SEK 62.0m | −SEK 10.0m |
| Free cash flow | SEK 0 | SEK 55.0m | SEK 0 | SEK 0 | SEK 0 | −SEK 30.0m | SEK 0 | SEK 12.0m |
| Total assets | SEK 2.53bn | SEK 2.47bn | SEK 2.37bn | SEK 2.38bn | SEK 2.39bn | SEK 2.30bn | SEK 2.40bn | SEK 2.28bn |
| Cash and short-term investments | SEK 305.0m | SEK 308.1m | SEK 292.1m | SEK 279.9m | SEK 323.0m | SEK 315.9m | SEK 415.5m | SEK 450.0m |
| Debt | SEK 11.7m | SEK 11.4m | SEK 124.7m | SEK 124.5m | SEK 110.8m | SEK 29.3m | SEK 45.0m | SEK 9.8m |
| Shareholders' equity | SEK 2.20bn | SEK 2.17bn | SEK 2.11bn | SEK 2.09bn | SEK 2.09bn | SEK 2.09bn | SEK 2.16bn | SEK 2.08bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 65.7% | 75.0% | 74.5% | 71.5% | 72.9% | 73.9% |
| Operating margin | 10.2% | 25.0% | 0.7% | 5.6% | 2.7% | -31.5% |
| Net margin | 3.1% | 20.9% | 15.4% | 4.4% | 3.2% | -24.3% |
| Return on equity | 1.2% | 8.0% | 4.7% | 1.3% | 0.6% | -4.3% |
| Return on assets | 1.1% | 7.2% | 4.2% | 1.1% | 0.5% | -3.8% |
| Free cash flow yield | 2.9% | 4.3% | 1.3% | 2.4% | 1.3% | 0.8% |
| Revenue growth | -1.2% | 37.6% | 43.9% | 60.7% | 43.7% | -18.6% |
| Earnings growth | -85.4% | 87.5% | 398.3% | 126.0% | -118.6% | -985.5% |
| Current ratio | 5.77x | 4.58x | 6.14x | 3.47x | 5.24x | 6.41x |
| Debt to equity | 0.04x | 0.01x | 0.01x | 0.01x | 0.01x | -0.04x |
| Equity ratio | 89.0% | 89.8% | 88.6% | 82.5% | 83.3% | 87.7% |
| Interest coverage | 1.87x | 36.70x | 3.52x | 21.40x | 25.15x | -100.89x |
| R&D as a share of sales | 12.4% | 18.0% | 22.8% | 16.7% | 20.9% | 31.2% |
| Buybacks as a share of market value | 0.3% | -0.5% | -6.4% | -0.7% | -2.8% | -7.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.1% | 35.2% | 21.0% |
| Operating income | 58.9% | — | 29.1% |
| Net income | 10.9% | — | 17.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 70.3% | 71.5% | 71.7% | 72.1% |
| Operating margin | 11.1% | 8.1% | 5.3% | 5.2% |
| Net margin | 12.1% | 11.6% | 8.8% | 7.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 234.0 | 89.9 | 113.0 | 294.0 | — | -205.3 | — | 274.7 | 393.3 | — |
| Price to sales | 7.3 | 18.8 | 17.4 | 13.0 | 31.7 | 49.9 | 20.5 | 18.6 | 16.6 | 15.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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