OTOVO ASA: årsregnskap 2024 vs 2023
Grew 3683% on revenue, weaker earnings, cash halved-plus
approved 2025-04-23; registry 2025-07-29; journal 2025 585345
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for OTOVO ASA. Revenue 2.40m NOK → 90.62m NOK (+3683.3%). Net result -39.67m NOK → -260.87m NOK. Equity 1.56m NOK → 1.31bn NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. 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 2.40m NOK to 90.62m NOK (+3683.3% YoY). Calculated
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↑
Equity strengthened
Book equity 1.56m NOK → 1.31bn NOK (equity ratio 94.6% → 95.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 1.87×. Calculated
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Owners injected capital
Paid-in equity rose 1.92bn NOK → 1.93bn NOK (+10.07m NOK). Reported fact
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Payroll decreased
Salary cost 3.12bn NOK → 59.84m NOK (130057% → 66% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -75.31m NOK → -83.15m NOK (op. margin -3143.9% → -91.8%). Calculated
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↓
Net result weakened
Net result -39.67m NOK → -260.87m NOK (net margin -1656.1% → -287.9%). Calculated
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↓
Cash fell
Bank deposits 432.30m NOK → 51.30m NOK (-88.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (432.30m NOK → 51.30m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 244.3k NOK → 30.02m NOK (+12189.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.01m NOK → 1.19bn NOK. Reported fact