OTELLO CORPORATION ASA: årsregnskap 2024 vs 2023
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2025-05-26; registry 2025-07-31; journal 2025 606841
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for OTELLO CORPORATION ASA. Revenue 213 NOK → 0 NOK (-100.0%). Net result +7.56m NOK → -8.01m NOK. Equity 27.68m NOK → 25.81m NOK.
On the constructive side: operating result improved; current ratio back above 1×. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for OTELLO CORPORATION ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -4.08m NOK → -3.50m NOK. Calculated
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↑
Current ratio back above 1×
Current ratio 0.13× → 10.54×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 213 NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 7.56m NOK profit to a loss of 8.01m NOK. Calculated
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↓
Equity eroded
Book equity 27.68m NOK → 25.81m NOK (equity ratio 25.6% → 25.0%). Calculated
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↓
Cash fell
Bank deposits 9.85m NOK → 3.50m NOK (-64.5% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (9.85m NOK → 3.50m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 112.35m NOK → 109.15m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 11.8k NOK → 729.0k NOK. Reported fact