OTOVO ASA: årsregnskap 2022 vs 2021
Grew 2243% on revenue, cash halved-plus, fresh owner capital
approved 2023-03-22; registry 2023-08-12; journal 2023 668778
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for OTOVO ASA. Revenue 95.92m NOK → 2.25bn NOK (+2242.6%). Net result -73.79m NOK → -64.08m NOK. Equity 690.7k NOK → 877.0k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for OTOVO ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 95.92m NOK to 2.25bn NOK (+2242.6% YoY). Calculated
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Net result improved
Net result -73.79m NOK → -64.08m NOK (net margin -76.9% → -2.9%). Calculated
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Equity strengthened
Book equity 690.7k NOK → 877.0k NOK (equity ratio 91.4% → 89.3%). Calculated
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Owners injected capital
Paid-in equity rose 837.2k NOK → 1.20m NOK (+357.8k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -59.78m NOK → -77.70m NOK (op. margin -62.3% → -3.5%). Calculated
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Cash fell
Bank deposits 119.82m NOK → 45.87m NOK (-61.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (119.82m NOK → 45.87m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 48.94m NOK → 87.19m NOK (51% → 4% of revenue). Calculated
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COGS moved
COGS / varekostnad 64.17m NOK → 149.83m NOK (+133.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 506.5k NOK → 745.4k NOK. Reported fact