Org.nr 994 464 663 2021 → 2022 Year-over-year analysis

HOFSETH BIOCARE ASA: årsregnskap 2022 vs 2021

Grew 36% on revenue

approved 2023-03-30; registry 2023-08-02; journal 2023 638153

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for HOFSETH BIOCARE ASA. Revenue 88.05m NOK → 119.96m NOK (+36.2%). Net result -122.24m NOK → -119.37m NOK. Equity 142.76m NOK → 167.8k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.

Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for HOFSETH BIOCARE ASA.

Scorecard

Revenue
88.05m NOK 119.96m NOK
+36.2%
Operating result
-110.71m NOK -112.61m NOK
-1.7%
Net result
-122.24m NOK -119.37m NOK
+2.4%
Equity
142.76m NOK 167.8k NOK
-99.9%
Cash
48.36m NOK 31.34m NOK
-35.2%
Total assets
394.06m NOK 402.6k NOK
-99.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 88.05m NOK to 119.96m NOK (+36.2% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -110.71m NOK → -112.61m NOK (op. margin -125.7% → -93.9%). Calculated

  • ↓

    Equity eroded

    Book equity 142.76m NOK → 167.8k NOK (equity ratio 36.2% → 41.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 48.36m NOK → 31.34m NOK (-35.2% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 142.76m NOK → 167.8k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Payroll increased

    Salary cost 37.80m NOK → 47.21m NOK (43% → 39% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 18.76m NOK → 18.09m NOK. Reported fact