Condensed profit and loss statement (unaudited)
Q4 | Q4 | FY | FY | ||
(Figures in NOK thousands) | 2021 | 2020 | 2021 | 2020 | |
Sales revenue | 0 | 0 | 303 | 76 | |
Other revenue and public grants | 1 984 | 495 | 8 022 | 1 979 | |
Total revenues | 1 984 | 495 | 8 325 | 2 055 | |
COGS | 289 | ||||
Gross margin commercial revenue | 0 | 0 | 14 | 76 | |
0 | |||||
Payroll and related costs | 8 635 | 5 488 | 27 260 | 12 122 | |
Other operating costs | 3 282 | 2 625 | 15 655 | 10 205 | |
EBITDA | -9 933 | -7 618 | -34 879 | -20 272 | |
Depreciation | 1 503 | 1 235 | 6 008 | 4 953 | |
EBIT | -11 436 | -8 853 | -40 887 | -25 225 | |
Net financial items | - 60 | - 502 | - 215 | - 844 | |
Net profit before tax | -11 496 | -9 355 | -41 102 | -26 069 | |
Tax expense | -3 223 | -2 058 | -9 736 | -6 230 | |
Net profit (loss) | -8 273 | -7 297 | -31 366 | -19 839 | |
# shares in 1000 | 0 | ||||
28 401 | 26 790 | 28 401 | 26 790 | ||
Earnings pr share (NOK) | -0.29 | -0.27 | -1.10 | -0.74 | |
# shares fully diluted in 1000 | 30 691 | 30 691 | |||
Earnings pr share diluted (NOK) | -0.27 | -1.02 |
The profit and loss is net of capitalized development activities. Gross capitalized development expenses in 4Q 2021 was 4.8 MNOK compared to 2.3 MNOK in 4Q 2020. Net of funding, capitalized development was 2.2 MNOK in 4Q 2021 compared to 1.3 MNOK in 4Q 2020.
Accumulated gross capitalized development expenses in FY2021 was 16.6 MNOK, compared to 9.0 MNOK in FY2020. Net of funding, capitalized development was 6.2 MNOK in FY2021, compared to 5.0 MNOK in FY2020.
Condensed balance sheet (unaudited) | ||
FY | FY | |
(Figures in NOK thousands) | 31.12.2021 | 31.12.2020 |
Assets | ||
Development, patents and licenses | 58 581 | 34 312 |
Deferred tax assets | 25 909 | 16 172 |
Tangible fixed assets | 14 042 | 16 053 |
Financial fixed assets | 2 061 | 2 061 |
Total non-current assets | 100 593 | 68 598 |
Current assets | ||
Trade and other receivables | 6 093 | 5 218 |
Cash and cash equivalents | 100 092 | 131 583 |
Total current assets | 106 185 | 136 801 |
Total assets | 206 778 | 205 399 |
Equity and liabilities | ||
Equity | ||
Share capital | 568 | 536 |
Share premium account | 234 362 | 209 156 |
Additional paid-in capital | 2 596 | 2 596 |
Retained earnings | -69 224 | -37 860 |
Total equity | 168 302 | 174 428 |
Liabilities | ||
Convertible loans | 0 | 11 649 |
Liabilities to finance institutions | 10 593 | 10 400 |
Trade payables | 3 518 | 2 927 |
Government charges | 1 486 | 569 |
Other liabilities | 22 878 | 5 426 |
Total liabilities | 38 476 | 30 971 |
Total equity and liabilities | 206 778 | 205 399 |
Cash Flow Statement (unaudited) | |||||
Q4 | Q4 | FY | FY | ||
(Figures in NOK thousands) | 2021 | 2020 | 2021 | 2020 | |
Operating activities | |||||
Net profit (loss) | -8 273 | -7 297 | -33 937 | -26 069 | |
Depreciation | 1 503 | 1 235 | 6 008 | 4 953 | |
Changes payables | -1 563 | -1 986 | - 285 | -1 676 | |
Changes in other balance sheet items | 12 496 | 4 960 | 18 592 | 7 046 | |
Net cash flow from operating activities | 4 163 | -3 089 | -9 622 | -15 746 | |
Cash flows from investing activities | |||||
PPE and capitalized development | -19 101 | -8 869 | -36 125 | -8 660 | |
Other investments | 0 | 0 | 0 | - 558 | |
Net cash flow from investing activities | -19 101 | -8 869 | -36 125 | -9 218 | |
Cash flows from financing activities | 0 | ||||
0 | |||||
Proceeds from issuance of shares | 0 | 126 809 | 23 342 | 129 793 | |
Net from long term debt | - 757 | 4 506 | -9 784 | 18 349 | |
Net cash flow from financing activities | - 757 | 131 315 | 13 558 | 148 142 | |
Net change in cash and cash equivalents | -15 694 | 119 358 | -32 189 | 123 178 | |
Cash and cash equivalents at the BOP | 115 785 | 11 728 | 131 583 | 8 405 | |
Cash and cash equivalents at the EOP | 100 092 | 131 583 | 100 092 | 131 583 | |
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Crayonano AS published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2022 09:10:07 UTC.