Org.nr 989 750 186 2017 → 2018 Year-over-year analysis

ELLIPTIC LABORATORIES ASA: årsregnskap 2018 vs 2017

Grew 220% on revenue, cash halved-plus

approved 2019-06-26; registry 2019-07-06; journal 2019 613113

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ELLIPTIC LABORATORIES ASA. Revenue 13.65m NOK → 43.61m NOK (+219.5%). Equity 71.86m NOK → 46.44m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ELLIPTIC LABORATORIES ASA.

At a glance

Revenue

13.65m NOK 43.61m NOK

+219.5%

Operating result

n/m -32.57m NOK

—

Equity

71.86m NOK 46.44m NOK

-35.4%

Cash

34.85m NOK 15.18m NOK

-56.4%

Total assets

98.51m NOK 100.68m NOK

+2.2%

↑
Revenue rose

Operating income / revenue moved from 13.65m NOK to 43.61m NOK (+219.5% YoY). Calculated

↓
Equity eroded

Book equity 71.86m NOK → 46.44m NOK (equity ratio 72.9% → 46.1%). Calculated
↓
Cash fell

Bank deposits 34.85m NOK → 15.18m NOK (-56.4% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 6.20× → 0.66× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
COGS fell

COGS / varekostnad 1.30m NOK → 1 299 NOK (-99.9% YoY). Calculated
·
Book investments changed

Investment / intangible book value 1.06m NOK → 2.13m NOK. Reported fact