Org.nr 822 907 822 2021 → 2022 Year-over-year analysis

OBSERVE MEDICAL ASA: årsregnskap 2022 vs 2021

Grew 199% on revenue, cash halved-plus, fresh owner capital

approved 2023-04-27; registry 2023-08-10; journal 2023 664414

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for OBSERVE MEDICAL ASA. Revenue 493.0k NOK → 1.47m NOK (+199.0%). Net result -12.24m NOK → -13.61m NOK. Equity 75.19m NOK → 352.47m NOK.

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

Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for OBSERVE MEDICAL ASA.

Scorecard

Revenue
493.0k NOK 1.47m NOK
+199.0%
Operating result
-17.42m NOK -18.95m NOK
-8.8%
Net result
-12.24m NOK -13.61m NOK
-11.1%
Equity
75.19m NOK 352.47m NOK
+368.8%
Cash
507.0k NOK 822 NOK
-99.8%
Total assets
216.69m NOK 449.0k NOK
-99.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 493.0k NOK to 1.47m NOK (+199.0% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 75.19m NOK → 352.47m NOK (equity ratio 34.7% → 78495.0%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 105.0k NOK → 394.6k NOK (+289.5k NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -17.42m NOK → -18.95m NOK (op. margin -3533.7% → -1285.6%). Calculated

  • ↓

    Net result weakened

    Net result -12.24m NOK → -13.61m NOK (net margin -2483.6% → -923.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 507.0k NOK → 822 NOK (-99.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 8.72m NOK → 10.37m NOK (1770% → 704% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 14.52m NOK → 14.34m NOK (-1.2% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 212.0k NOK → 435.6k NOK. Reported fact