OBSERVE MEDICAL ASA: årsregnskap 2023 vs 2022
Grew 76% on revenue, weaker earnings, fresh owner capital
approved 2024-04-26; registry 2024-08-14; journal 2024 678402
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for OBSERVE MEDICAL ASA. Revenue 1.47m NOK → 2.59m NOK (+75.8%). Net result -13.61m NOK → -27.58m NOK. Equity 352.47m NOK → 355.3k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: cogs fell; 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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↑
Revenue rose
Operating income / revenue moved from 1.47m NOK to 2.59m NOK (+75.8% YoY). Calculated
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↑
Cash rose
Bank deposits 822 NOK → 12.30m NOK (+1495885.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.23× → 1.41×. Calculated
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↑
Owners injected capital
Paid-in equity rose 394.6k NOK → 381.05m NOK (+380.66m NOK). Reported fact
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Payroll decreased
Salary cost 10.37m NOK → 9.00m NOK (704% → 348% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -18.95m NOK → -19.12m NOK (op. margin -1285.6% → -738.1%). Calculated
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↓
Net result weakened
Net result -13.61m NOK → -27.58m NOK (net margin -923.0% → -1064.4%). Calculated
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↓
Equity eroded
Book equity 352.47m NOK → 355.3k NOK (equity ratio 78495.0% → 76.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 14.34m NOK → 73.0k NOK (-99.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 435.6k NOK → 451.2k NOK. Reported fact