Z
1.02
—
Close of 2 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 19.2m
FY2016FY2025
Net income
−SEK 10.5m
FY2016FY2025
Free cash flow
−SEK 9.5m
FY2016FY2025
Shareholders' equity
−SEK 474,000
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 19.2m | SEK 18.8m | SEK 15.3m | SEK 5.2m | SEK 3.0m | SEK 3.7m | SEK 2.5m | SEK 2.3m | SEK 3.2m | SEK 2.0m |
| Research and development | — | — | SEK 2.0m | SEK 2.6m | SEK 6.0m | SEK 4.2m | SEK 4.2m | SEK 4.1m | SEK 3.4m | — |
| Operating income | −SEK 9.4m | −SEK 17.1m | −SEK 20.5m | −SEK 32.7m | −SEK 38.4m | −SEK 26.7m | −SEK 35.7m | −SEK 31.5m | −SEK 19.3m | −SEK 32.0m |
| Net income | −SEK 10.5m | −SEK 17.3m | −SEK 20.5m | −SEK 32.8m | −SEK 38.6m | −SEK 26.8m | −SEK 35.9m | −SEK 31.8m | −SEK 19.7m | −SEK 35.8m |
| Diluted earnings per share | -0.29 | -0.48 | -1.19 | -3.79 | -14.72 | -33.76 | -90.42 | -100.12 | -100.51 | -440.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 5.4m | SEK 19.3m | SEK 17.4m | SEK 20.2m | SEK 32.1m | SEK 20.5m | SEK 29.9m | SEK 70.5m | SEK 53.2m | SEK 29.1m |
| Cash and short-term investments | SEK 884,000 | SEK 10.7m | SEK 6.8m | SEK 11.4m | SEK 21.8m | SEK 5.3m | SEK 13.6m | SEK 53.6m | SEK 36.3m | SEK 14.7m |
| Total liabilities | SEK 5.9m | SEK 8.9m | SEK 10.9m | SEK 10.8m | SEK 10.7m | SEK 10.0m | SEK 9.1m | SEK 13.8m | SEK 9.1m | SEK 7.7m |
| Debt | — | — | — | SEK 739,000 | SEK 1.1m | SEK 2.1m | SEK 2.5m | SEK 3.9m | SEK 5.0m | SEK 5.0m |
| Shareholders' equity | −SEK 474,000 | SEK 10.4m | SEK 6.5m | SEK 9.4m | SEK 21.5m | SEK 10.6m | SEK 20.8m | SEK 56.8m | SEK 44.1m | SEK 21.4m |
| Shares outstanding | 36m | 36m | 17m | 9m | 3m | 1m | 0m | 0m | 0m | 0m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 9.5m | −SEK 17.2m | −SEK 22.2m | −SEK 31.0m | −SEK 31.4m | −SEK 21.6m | −SEK 33.4m | −SEK 22.8m | −SEK 14.5m | −SEK 13.1m |
| Capital spending | — | — | −SEK 32,000 | — | −SEK 781,000 | −SEK 2.9m | −SEK 5.1m | −SEK 3.3m | −SEK 7.2m | −SEK 4.5m |
| Free cash flow | −SEK 9.5m | −SEK 17.2m | −SEK 22.2m | −SEK 31.0m | −SEK 32.2m | −SEK 24.5m | −SEK 38.5m | −SEK 26.2m | −SEK 21.6m | −SEK 17.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 4.4m | SEK 4.5m | SEK 4.2m | SEK 4.9m | SEK 5.0m | SEK 5.2m | SEK 4.7m | SEK 4.9m |
| Operating income | SEK 457,000 | SEK 874,000 | SEK 949,000 | −SEK 2.1m | −SEK 4.2m | −SEK 4.0m | −SEK 3.7m | −SEK 3.7m |
| Net income | SEK 439,000 | SEK 857,000 | −SEK 89,000 | −SEK 2.2m | −SEK 4.2m | −SEK 4.0m | −SEK 3.9m | −SEK 3.7m |
| Diluted earnings per share | 0.01 | 0.02 | -0.00 | -0.06 | -0.12 | -0.11 | -0.11 | -0.10 |
| Cash from operations | — | −SEK 1.0m | — | −SEK 1.0m | −SEK 2.0m | −SEK 4.0m | −SEK 4.0m | −SEK 4.0m |
| Total assets | SEK 7.6m | SEK 5.6m | SEK 5.4m | SEK 7.1m | SEK 11.4m | SEK 15.1m | SEK 19.3m | SEK 23.3m |
| Cash and short-term investments | SEK 1.2m | SEK 486,000 | SEK 884,000 | SEK 1.7m | SEK 3.5m | SEK 6.0m | SEK 10.7m | SEK 14.9m |
| Shareholders' equity | SEK 850,000 | SEK 411,000 | −SEK 474,000 | −SEK 337,000 | SEK 1.9m | SEK 6.3m | SEK 10.4m | SEK 14.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 54.7% | 39.1% | 32.5% |
| Operating income | -34.0% | -18.8% | -3.2% |
| Net income | -31.5% | -17.0% | -2.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -69.6% | -136.3% | -222.1% | -361.9% |
| Net margin | -73.1% | -138.7% | -224.9% | -370.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.1 | -2.2 | -1.0 | -1.3 | -1.0 | -0.5 | -0.1 | -0.8 | -0.7 |
| Price to sales | 1.7 | 2.0 | 1.3 | 7.9 | 12.8 | 3.7 | 1.6 | 10.3 | 4.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 20 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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