Org.nr 915 108 598 2019 → 2020 Year-over-year analysis

ABLY MEDICAL AS: årsregnskap 2020 vs 2019

Grew 351% on revenue, stronger earnings, fresh owner capital

approved 2021-08-30; registry 2021-10-07; journal 2021 799556

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2020 with 2019 for ABLY MEDICAL AS. Revenue 2.96m NOK → 13.34m NOK (+350.9%). Net result -24.82m NOK → -7.24m NOK. Equity 13.63m NOK → 18.71m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABLY MEDICAL AS.

Scorecard

Revenue
2.96m NOK 13.34m NOK
+350.9%
Operating result
+24.5k NOK -6.76m NOK
-27649.9%
Net result
-24.82m NOK -7.24m NOK
+70.8%
Equity
13.63m NOK 18.71m NOK
+37.3%
Cash
1.46m NOK 4.28m NOK
+192.5%
Total assets
26.13m NOK 31.64m NOK
+21.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.96m NOK to 13.34m NOK (+350.9% YoY). Calculated

  • ↑

    Net result improved

    Net result -24.82m NOK → -7.24m NOK (net margin -839.0% → -54.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 13.63m NOK → 18.71m NOK (equity ratio 52.2% → 59.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.46m NOK → 4.28m NOK (+192.5% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 2.06m NOK → 18.71m NOK (+16.66m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result +24.5k NOK → -6.76m NOK (op. margin 0.8% → -50.7%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.42m NOK → 1.43m NOK. Reported fact