Org.nr 989 750 186 2021 → 2022 Year-over-year analysis

ELLIPTIC LABORATORIES ASA: årsregnskap 2022 vs 2021

Shrank 17% on revenue, weaker earnings, fresh owner capital

approved 2023-04-27; registry 2023-07-12; journal 2023 572884

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ELLIPTIC LABORATORIES ASA. Revenue 63.04m NOK → 52.06m NOK (-17.4%). Net result -12.90m NOK → -33.78m NOK. Equity 338.8k NOK → 320.42m NOK.

On the constructive side: equity strengthened; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.

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

Scorecard

Revenue
63.04m NOK 52.06m NOK
-17.4%
Operating result
-11.84m NOK -42.86m NOK
-261.9%
Net result
-12.90m NOK -33.78m NOK
-161.9%
Equity
338.8k NOK 320.42m NOK
+94484.2%
Cash
213.41m NOK 176.19m NOK
-17.4%
Total assets
365.9k NOK 346.79m NOK
+94686.5%

What improved

  • ↑

    Equity strengthened

    Book equity 338.8k NOK → 320.42m NOK (equity ratio 92.6% → 92.4%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.02× → 11.25×. Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 38.0k NOK → 1.04m NOK (+1.00m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 63.04m NOK to 52.06m NOK (-17.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -11.84m NOK → -42.86m NOK (op. margin -18.8% → -82.3%). Calculated

  • ↓

    Net result weakened

    Net result -12.90m NOK → -33.78m NOK (net margin -20.5% → -64.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 213.41m NOK → 176.19m NOK (-17.4% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 4.52m NOK → 5.04m NOK. Reported fact