FirmaIQ
Org.nr 976 846 923 2014 → 2015 Year-over-year analysis

IDEX BIOMETRICS ASA: årsregnskap 2015 vs 2014

Shrank 77% on revenue, weaker earnings, cash halved-plus

approved 2016-05-11; registry 2016-06-30; journal 2016 609134

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for IDEX BIOMETRICS ASA. Revenue 1.51m NOK → 349.0k NOK (-76.9%). Net result -123.11m NOK → -228.83m NOK. Equity 242.14m NOK → 746.8k NOK.

Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for IDEX BIOMETRICS ASA.

At a glance

Scorecard

Revenue
1.51m NOK 349.0k NOK
-76.9%
Net result
-123.11m NOK -228.83m NOK
-85.9%
Equity
242.14m NOK 746.8k NOK
-99.7%
Cash
222.69m NOK 749.3k NOK
-99.7%
Total assets
301.26m NOK 825.2k NOK
-99.7%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.51m NOK to 349.0k NOK (-76.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result -123.11m NOK → -228.83m NOK (net margin -8131.2% → -65567.6%). Calculated

  • ↓

    Equity eroded

    Book equity 242.14m NOK → 746.8k NOK (equity ratio 80.4% → 90.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 222.69m NOK → 749.3k NOK (-99.7% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 5.05× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (222.69m NOK → 749.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 1.20m NOK → 14.79m NOK. Reported fact