FirmaIQ
Org.nr 976 846 923 2016 → 2017 Year-over-year analysis

IDEX BIOMETRICS ASA: årsregnskap 2017 vs 2016

Grew 45558% on revenue, weaker earnings

approved 2018-05-09; registry 2018-08-04; journal 2018 868451

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for IDEX BIOMETRICS ASA. Revenue 38.6k NOK → 17.61m NOK (+45558.5%). Net result -200.41m NOK → -253.12m NOK. Equity 562.23m NOK → 339.68m NOK.

On the constructive side: revenue rose; owners injected capital. Pressures included: net result weakened; equity eroded; cash fell.

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

At a glance

Scorecard

Revenue
38.6k NOK 17.61m NOK
+45558.5%
Net result
-200.41m NOK -253.12m NOK
-26.3%
Equity
562.23m NOK 339.68m NOK
-39.6%
Cash
520.99m NOK 288.59m NOK
-44.6%
Total assets
612.72m NOK 381.62m NOK
-37.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 38.6k NOK to 17.61m NOK (+45558.5% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.31bn NOK → 1.34bn NOK (+30.57m NOK). Reported fact

What deteriorated

  • ↓

    Net result weakened

    Net result -200.41m NOK → -253.12m NOK (net margin -519757.2% → -1437.8%). Calculated

  • ↓

    Equity eroded

    Book equity 562.23m NOK → 339.68m NOK (equity ratio 91.8% → 89.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 520.99m NOK → 288.59m NOK (-44.6% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 32.7k NOK → 13.69m NOK (+41779.5% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 19.68m NOK → 34.83m NOK. Reported fact