Org.nr 967 598 593 2021 → 2022 Year-over-year analysis

PHOTOCURE ASA: årsregnskap 2022 vs 2021

Grew 100% on revenue, weaker earnings, cash halved-plus

approved 2023-05-03; registry 2023-08-02; journal 2023 633758

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for PHOTOCURE ASA. Revenue -3.24m NOK → 2 NOK (+100.0%). Net result -19.85m NOK → -58.85m NOK. Equity 801.7k NOK → 774.27m 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: book investments changed. All figures are taken from the published annual accounts for PHOTOCURE ASA.

Scorecard

Revenue
-3.24m NOK 2 NOK
+100.0%
Operating result
-1.64m NOK -49.35m NOK
-2907.5%
Net result
-19.85m NOK -58.85m NOK
-196.5%
Equity
801.7k NOK 774.27m NOK
+96480.0%
Cash
54.76m NOK 24.86m NOK
-54.6%
Total assets
1.05bn NOK 996.28m NOK
-5.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from -3.24m NOK to 2 NOK (+100.0% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 801.7k NOK → 774.27m NOK (equity ratio 0.1% → 77.7%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 424.2k NOK → 454.0k NOK (+29.8k NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -1.64m NOK → -49.35m NOK (op. margin 50.6% → -2467650000.0%). Calculated

  • ↓

    Net result weakened

    Net result -19.85m NOK → -58.85m NOK (net margin 612.0% → -2942750000.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 54.76m NOK → 24.86m NOK (-54.6% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 314.0k NOK → 332.2k NOK. Reported fact