OBSERVE MEDICAL ASA: årsregnskap 2021 vs 2020
Shrank 39% on revenue, stronger earnings
approved 2022-04-28; registry 2022-08-09; journal 2022 826712
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for OBSERVE MEDICAL ASA. Revenue 806.0k NOK → 493.0k NOK (-38.8%). Net result -36.87m NOK → -12.24m NOK. Equity 86.52m NOK → 75.19m NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for OBSERVE MEDICAL ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -36.87m NOK → -12.24m NOK (net margin -4574.3% → -2483.6%). Calculated
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Cash rose
Bank deposits 14.3k NOK → 507.0k NOK (+3438.8% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 806.0k NOK to 493.0k NOK (-38.8% YoY). Calculated
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Operating result weakened
Operating result -10.35m NOK → -17.42m NOK (op. margin -1284.6% → -3533.7%). Calculated
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↓
Equity eroded
Book equity 86.52m NOK → 75.19m NOK (equity ratio 38.2% → 34.7%). Calculated
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Current ratio dropped below 1×
Current ratio 15.31× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 104.11m NOK → 105.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 211.97m NOK → 212.0k NOK. Reported fact