FirmaIQ
Org.nr 976 846 923 2017 → 2018 Year-over-year analysis

IDEX BIOMETRICS ASA: årsregnskap 2018 vs 2017

Shrank 80% on revenue, cash halved-plus

approved 2019-05-09; registry 2019-06-15; journal 2019 431486

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for IDEX BIOMETRICS ASA. Revenue 17.61m NOK → 3.57m NOK (-79.7%). Net result -253.12m NOK → -252.34m NOK. Equity 339.68m NOK → 118.66m NOK.

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

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

At a glance

Scorecard

Revenue
17.61m NOK 3.57m NOK
-79.7%
Net result
-253.12m NOK -252.34m NOK
+0.3%
Equity
339.68m NOK 118.66m NOK
-65.1%
Cash
288.59m NOK 72.20m NOK
-75.0%
Total assets
381.62m NOK 169.35m NOK
-55.6%

What improved

  • ↑

    Owners injected capital

    Paid-in equity rose 1.34bn NOK → 1.37bn NOK (+31.33m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 17.61m NOK to 3.57m NOK (-79.7% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 339.68m NOK → 118.66m NOK (equity ratio 89.0% → 70.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 288.59m NOK → 72.20m NOK (-75.0% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (288.59m NOK → 72.20m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 13.69m NOK → 1.50m NOK (-89.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 34.83m NOK → 43.07m NOK. Reported fact