IDEX BIOMETRICS ASA: årsregnskap 2021 vs 2020
Grew 2889% on revenue, weaker earnings
approved 2022-05-12; registry 2022-08-16; journal 2022 869150
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for IDEX BIOMETRICS ASA. Revenue 95.0k NOK → 2.84m NOK (+2889.5%). Net result -17.24m NOK → -38.89m NOK. Equity 20.58m NOK → 39.43m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for IDEX BIOMETRICS ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 95.0k NOK to 2.84m NOK (+2889.5% YoY). Calculated
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↑
Equity strengthened
Book equity 20.58m NOK → 39.43m NOK (equity ratio 82.1% → 88.0%). Calculated
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↑
Cash rose
Bank deposits 5.41m NOK → 30.30m NOK (+460.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -17.11m NOK → -37.73m NOK (op. margin -18008.4% → -1328.7%). Calculated
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↓
Net result weakened
Net result -17.24m NOK → -38.89m NOK (net margin -18144.2% → -1369.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.83m NOK → 4.04m NOK (2980% → 142% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 275.0k NOK → 254.0k NOK (-7.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2.81m NOK → 1.76m NOK. Reported fact