OBSERVE MEDICAL ASA: årsregnskap 2020 vs 2019
Grew 1435% on revenue, weaker earnings, cash halved-plus
approved 2021-05-21; registry 2021-07-26; journal 2021 528720
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for OBSERVE MEDICAL ASA. Revenue 52.5k NOK → 806.0k NOK (+1435.2%). Net result -16.92m NOK → -36.87m NOK. Equity 60.15m NOK → 86.52m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for OBSERVE MEDICAL ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 52.5k NOK to 806.0k NOK (+1435.2% YoY). Calculated
-
↑
Operating result improved
Operating result -15.79m NOK → -10.35m NOK (op. margin -30069.8% → -1284.6%). Calculated
-
↑
Equity strengthened
Book equity 60.15m NOK → 86.52m NOK (equity ratio 60.9% → 38.2%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.50× → 15.31×. Calculated
-
↑
Owners injected capital
Paid-in equity rose 62.6k NOK → 104.11m NOK (+104.05m NOK). Reported fact
What deteriorated
-
↓
Net result weakened
Net result -16.92m NOK → -36.87m NOK (net margin -32222.9% → -4574.3%). Calculated
-
↓
Cash fell
Bank deposits 195.2k NOK → 14.3k NOK (-92.7% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 98.4k NOK → 211.97m NOK. Reported fact