Financial Ratios Zwipe AS OTC Markets

Stocks

ZWPEF

NO0010721277

End-of-day quote OTC Markets			5-day change	1st Jan Change
- ^USD	-.--%		-.--%	-

25-03-12	Zwipe to Delist from Euronext Oslo Børs Amid Bankruptcy	MT
25-03-12	Euronext Oslo Børs To Delist Shares Of Zwipe	RE

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Published financial data: ZWIPE AS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.52M	1.66M	1.85M	3.35M	2.1M
Other Revenues, Total	1K	-	-	-	1K
Total Revenues	1.52M	1.66M	1.85M	3.35M	2.1M
Cost of Goods Sold, Total	5.88M	4.81M	855K	2.17M	1.16M
Gross Profit	-4.36M	-3.15M	995K	1.18M	938K
Selling General & Admin Expenses, Total	27.2M	17.71M	27.75M	46.09M	49.51M
Depreciation & Amortization - (IS)	3.3M	1.38M	2.2M	1.88M	2.57M
Other Operating Expenses	60.39M	39.03M	47.85M	51.53M	45.2M
Other Operating Expenses, Total	90.89M	58.12M	77.79M	99.49M	97.28M
Operating Income	-95.25M	-61.28M	-76.8M	-98.31M	-96.34M
Interest Expense, Total	-246K	-3K	-28K	-2K	-7K
Interest And Investment Income	295K	148K	15K	577K	123K
Net Interest Expenses	49K	145K	-13K	575K	116K
Other Non Operating Income (Expenses)	261K	-128K	-347K	-305K	-55K
EBT, Excl. Unusual Items	-94.94M	-61.26M	-77.16M	-98.04M	-96.28M
Restructuring Charges	-	-	-	-5.91M	-2.75M
Gain (Loss) On Sale Of Assets	-	-	-	54K	-
Asset Writedown	-	-623K	-6.2M	-	-
EBT, Incl. Unusual Items	-94.94M	-61.88M	-83.36M	-104M	-99.03M
Income Tax Expense	210K	191K	115K	885K	1.01M
Earnings From Continuing Operations	-95.15M	-62.07M	-83.47M	-105M	-100M
Net Income to Company	-95.15M	-62.07M	-83.47M	-105M	-100M
Net Income - (IS)	-95.15M	-62.07M	-83.47M	-105M	-100M
Net Income to Common Incl Extra Items	-95.15M	-62.07M	-83.47M	-105M	-100M
Net Income to Common Excl. Extra Items	-95.15M	-62.07M	-83.47M	-105M	-100M
Per Share Items
Net EPS - Basic	-5.98	-2.27	-2.46	-2.8	-1.86
Basic EPS - Continuing Operations	-5.98	-2.27	-2.46	-2.8	-1.86
Basic Weighted Average Shares Outstanding	15.91M	27.37M	34M	37.41M	53.84M
Net EPS - Diluted	-5.98	-2.27	-2.46	-2.8	-1.86
Diluted EPS - Continuing Operations	-5.98	-2.27	-2.46	-2.8	-1.86
Diluted Weighted Average Shares Outstanding	15.91M	27.37M	34M	37.41M	53.84M
Normalized Basic EPS	-3.73	-1.4	-1.42	-1.64	-1.12
Normalized Diluted EPS	-3.73	-1.4	-1.42	-1.64	-1.12
Supplemental Items
EBITDA	-93.97M	-60.02M	-75.87M	-96.43M	-93.77M
EBITA	-95.25M	-61.28M	-76.8M	-98.31M	-96.34M
EBIT	-95.25M	-61.28M	-76.8M	-98.31M	-96.34M
EBITDAR	-	-60.16M	-76.47M	-96.96M	-
Total Revenues (As Reported)	1.52M	1.84M	2.54M	3.93M	2.96M
Effective Tax Rate - (Ratio)	-0.22	-0.31	-0.14	-0.85	-1.02
Current Foreign Taxes	210K	-	-	-	-
Total Current Taxes	210K	191K	115K	-	1.01M
Normalized Net Income	-59.34M	-38.29M	-48.22M	-61.27M	-60.17M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	37.71M	21.22M	32.27M	32.1M	24.1M
Net Rental Expense, Total	-	-141K	-595K	-523K	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	3.27M	1.89M	3.94M	4.92M	2.39M
Stock-Based Comp., Other (Total)	572K	-	70K	-	2.56M
Total Stock-Based Compensation	3.84M	1.89M	4M	4.92M	4.95M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	23.24M	125M	152M	50.47M	42.2M
Total Cash And Short Term Investments	23.24M	125M	152M	50.47M	42.2M
Accounts Receivable, Total	375K	72K	87K	2.27M	66K
Other Receivables	73.26M	1.36M	4.75M	1.37M	25.22M
Notes Receivable	748K	-	-	-	-
Total Receivables	74.38M	1.43M	4.84M	3.64M	25.28M
Inventory	3.1M	313K	2.45M	10.15M	23.86M
Other Current Assets, Total	-	-	-2K	-	1K
Total Current Assets	101M	127M	160M	64.26M	91.35M
Gross Property Plant And Equipment	6.23M	8.15M	9.82M	11.07M	12.08M
Accumulated Depreciation	-3.7M	-5.58M	-6.49M	-7.69M	-8.19M
Net Property Plant And Equipment	2.54M	2.57M	3.34M	3.38M	3.9M
Other Intangibles, Total	0	0	-	-	-
Loans Receivable Long-Term	-	-	-	-	-
Deferred Charges Long-Term	7.15M	7.36M	-	-	-
Other Long-Term Assets, Total	439K	435K	451K	-	-
Total Assets	111M	137M	163M	67.64M	95.24M
Liabilities
Accounts Payable, Total	12.4M	3.12M	853K	3.33M	8.15M
Accrued Expenses, Total	702K	2.46M	4.46M	898K	812K
Short-term Borrowings	-	-	-	-	10.51M
Current Income Taxes Payable	-	-	142K	660K	1.06M
Other Current Liabilities	17.32M	8.24M	9.42M	8.12M	13.62M
Total Current Liabilities	30.42M	13.82M	14.87M	13.01M	34.15M
Long-Term Debt	-	942K	-	-	-
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	30.42M	14.76M	14.87M	13.01M	34.15M
Common Stock, Total	1.6M	3.29M	3.7M	3.76M	5.84M
Additional Paid In Capital	78.83M	119M	145M	50.88M	55.25M
Retained Earnings	-	-	-	-	-
Comprehensive Income and Other	-	-1K	-	1K	1K
Total Common Equity	80.42M	123M	149M	54.63M	61.09M
Total Equity	80.42M	123M	149M	54.63M	61.09M
Total Liabilities And Equity	111M	137M	163M	67.64M	95.24M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	25.53M	32.93M	37.37M	58.41M	58.41M
ECS Total Common Shares Outstanding	15.95M	32.91M	36.98M	37.55M	58.41M
Book Value / Share	5.04	3.73	4.02	1.45	1.05
Tangible Book Value	80.42M	123M	149M	54.63M	61.09M
Tangible Book Value Per Share	5.04	3.73	4.02	1.45	1.05
Total Debt	0	942K	0	0	10.51M
Net Debt	-23.24M	-124M	-152M	-50.47M	-31.69M
Debt Equivalent Oper. Leases	-	-1.13M	-4.76M	-4.18M	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	5.35M	358K	509K	520K	5.2M
Inventories - Work In Process, Total	106K	21K	-	-	-
Inventories - Finished Goods, Total	1.76M	2.8M	2.07M	9.76M	19.44M
Machinery, Total	6.23M	8.15M	9.82M	11.07M	12.08M
Full Time Employees	22	27	32	43	15

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-95.15M	-62.07M	-83.47M	-105M	-100M
Depreciation & Amortization - CF	1.28M	1.26M	925K	1.88M	2.57M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	1.28M	1.26M	925K	1.88M	2.57M
Amortization of Deferred Charges, Total - (CF)	594K	124K	1.27M	-	-
(Gain) Loss From Sale Of Asset	-	-	-93K	-	-
Asset Writedown & Restructuring Costs	1.43M	623K	6.2M	-	-
Stock-Based Compensation (CF)	3.27M	1.89M	3.94M	4.92M	2.39M
Other Operating Activities, Total	709K	-	72K	-1.25M	2.56M
Change In Accounts Receivable	1.92M	255K	3K	-2.03M	2.74M
Change In Inventories	-797K	2.79M	-2.14M	-7.7M	-13.7M
Change In Accounts Payable	2.86M	-7.55M	-2.27M	2.47M	4.79M
Change in Other Net Operating Assets	3.53M	2.85M	-1.13M	-1.63M	6.4M
Cash from Operations	-80.36M	-59.83M	-76.69M	-108M	-92.3M
Capital Expenditure	-4.64M	-2.26M	-1.71M	-1.45M	-2.14M
Cash from Investing	-4.64M	-2.26M	-1.71M	-1.45M	-2.14M
Short Term Debt Issued, Total	-	-	-	-	10.51M
Long-Term Debt Issued, Total	9.37M	3.06M	-	-	-
Total Debt Issued	9.37M	3.06M	-	-	10.51M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-15.25M	-	-	-	-
Total Debt Repaid	-15.25M	-	-	-	-
Issuance of Common Stock	187M	178M	105M	5.14M	100M
Other Financing Activities, Total	-83.77M	-16.31M	54K	-41K	-23.88M
Cash from Financing	97.43M	164M	105M	5.1M	86.77M
Foreign Exchange Rate Adjustments	10K	-365K	249K	2.61M	-594K
Miscellaneous Cash Flow Adjustments	-	-1K	2K	-	-
Net Change in Cash	12.44M	102M	27.09M	-102M	-8.26M
Supplemental Items
Cash Income Tax Paid (Refund)	-94K	-	-	-	-
Levered Free Cash Flow	-134M	21.86M	-48.02M	-64.46M	-79.56M
Unlevered Free Cash Flow	-133M	21.86M	-48M	-64.46M	-79.56M
Change In Net Working Capital	75.01M	-59.14M	4.49M	8.37M	24.73M
Net Debt Issued / Repaid	-5.88M	3.06M	-	-	10.51M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-84.86	-30.86	-31.92	-53.18	-73.93
Return on Total Capital	-163.55	-37.55	-35.28	-60.48	-95.39
Return On Equity %	-263.13	-61.15	-61.57	-103.14	-172.89
Return on Common Equity	-263.13	-61.15	-61.57	-103.14	-172.89
Margin Analysis
Gross Profit Margin %	-287.48	-190.51	53.78	35.28	44.71
SG&A Margin	1.79K	1.07K	1.5K	1.37K	2.36K
EBITDA Margin %	-6.19K	-3.63K	-4.1K	-2.88K	-4.47K
EBITA Margin %	-6.27K	-3.7K	-4.15K	-2.93K	-4.59K
EBIT Margin %	-6.27K	-3.7K	-4.15K	-2.93K	-4.59K
Income From Continuing Operations Margin %	-6.27K	-3.75K	-4.51K	-3.12K	-4.77K
Net Income Margin %	-6.27K	-3.75K	-4.51K	-3.12K	-4.77K
Net Avail. For Common Margin %	-6.27K	-3.75K	-4.51K	-3.12K	-4.77K
Normalized Net Income Margin	-3.91K	-2.31K	-2.61K	-1.83K	-2.87K
Levered Free Cash Flow Margin	-8.8K	1.32K	-2.6K	-1.92K	-3.79K
Unlevered Free Cash Flow Margin	-8.79K	1.32K	-2.59K	-1.92K	-3.79K
Asset Turnover
Asset Turnover	0.02	0.01	0.01	0.03	0.03
Fixed Assets Turnover	0.62	0.65	0.63	1	0.58
Receivables Turnover (Average Receivables)	2.99	7.4	23.27	2.85	1.8
Inventory Turnover (Average Inventory)	2.17	2.81	0.62	0.34	0.07
Short Term Liquidity
Current Ratio	3.31	9.19	10.74	4.94	2.68
Quick Ratio	3.18	9.17	10.57	4.16	1.98
Operating Cash Flow to Current Liabilities	-2.64	-4.33	-5.16	-8.31	-2.7
Days Sales Outstanding (Average Receivables)	121.99	49.43	15.68	128.23	203.21
Days Outstanding Inventory (Average Inventory)	167.89	130.06	589.34	1.06K	5.35K
Average Days Payable Outstanding	527.36	1.41K	242.44	77.36	140.93
Cash Conversion Cycle (Average Days)	-237.49	-1.23K	362.58	1.11K	5.41K
Long Term Solvency
Total Debt/Equity	-	0.77	-	-	17.21
Total Debt / Total Capital	-	0.76	-	-	14.68
LT Debt/Equity	-	0.77	-	-	-
Long-Term Debt / Total Capital	-	0.76	-	-	-
Total Liabilities / Total Assets	27.44	10.75	9.1	19.23	35.85
EBIT / Interest Expense	-387.21	-20.43K	-2.74K	-49.15K	-13.76K
EBITDA / Interest Expense	-382	-20K	-2.71K	-48.22K	-13.4K
(EBITDA - Capex) / Interest Expense	-400.85	-20.76K	-2.77K	-48.94K	-13.7K
Total Debt / EBITDA	-	-0.02	-	-	-0.11
Net Debt / EBITDA	0.25	2.07	2.01	0.52	0.34
Total Debt / (EBITDA - Capex)	-	-0.02	-	-	-0.11
Net Debt / (EBITDA - Capex)	0.24	2	1.96	0.52	0.33
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-33.3	9.02	11.78	81.24	-37.43
Gross Profit, 1 Yr. Growth %	55.19	-27.75	-131.56	18.89	-20.71
EBITDA, 1 Yr. Growth %	55.96	-34.73	26.69	17.89	-2.76
EBITA, 1 Yr. Growth %	39.49	-35.67	24.07	9	-2
EBIT, 1 Yr. Growth %	39.49	-35.67	24.07	9	-2
Earnings From Cont. Operations, 1 Yr. Growth %	30.89	-34.77	34.47	25.53	-4.53
Net Income, 1 Yr. Growth %	30.89	-34.77	34.47	25.53	-4.53
Normalized Net Income, 1 Yr. Growth %	31.79	-35.48	24.69	8.27	-1.79
Diluted EPS Before Extra, 1 Yr. Growth %	-23.92	-63.02	8.24	14.1	-33.67
Accounts Receivable, 1 Yr. Growth %	-41.31	-80.8	20.83	2.51K	-97.09
Inventory, 1 Yr. Growth %	34.55	-89.92	682.11	314.75	134.98
Net Property, Plant and Equip., 1 Yr. Growth %	8.61	1.26	29.91	1.47	15.07
Total Assets, 1 Yr. Growth %	276.11	23.93	18.96	-58.61	40.8
Tangible Book Value, 1 Yr. Growth %	-1.09K	52.44	21.16	-63.22	11.82
Common Equity, 1 Yr. Growth %	-1.09K	52.44	21.16	-63.22	11.82
Cash From Operations, 1 Yr. Growth %	59.54	-25.55	28.18	40.99	-14.64
Capital Expenditures, 1 Yr. Growth %	-27.05	-51.27	-24.21	-15.25	47.69
Levered Free Cash Flow, 1 Yr. Growth %	351.45	-116.54	-317.36	28.43	23.43
Unlevered Free Cash Flow, 1 Yr. Growth %	373.16	-116.56	-317.26	28.48	23.42
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	19	-14.73	10.4	42.34	6.49
Gross Profit, 2 Yr. CAGR %	77.7	5.89	-52.25	-38.75	-2.91
EBITDA, 2 Yr. CAGR %	42.46	-0.2	-9.16	26.89	7.07
EBITA, 2 Yr. CAGR %	37.38	-5.27	-10.21	26.02	3.35
EBIT, 2 Yr. CAGR %	37.38	-5.27	-10.21	26.02	3.35
Earnings From Cont. Operations, 2 Yr. CAGR %	33.06	-7.6	-6.34	29.92	9.47
Net Income, 2 Yr. CAGR %	33.06	-7.6	-6.34	29.92	9.47
Normalized Net Income, 2 Yr. CAGR %	33.54	-7.79	-9.85	25.87	3.11
Diluted EPS Before Extra, 2 Yr. CAGR %	-9.1	-46.28	-36.73	11.13	-13
Accounts Receivable, 2 Yr. CAGR %	87.21	-66.43	-51.83	461.37	-12.9
Inventory, 2 Yr. CAGR %	-22.3	-63.17	-11.19	469.54	212.18
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.12	4.87	14.69	14.81	8.05
Total Assets, 2 Yr. CAGR %	24.71	115.9	21.42	-29.83	-23.66
Tangible Book Value, 2 Yr. CAGR %	55.49	289.07	35.9	-33.24	-35.87
Common Equity, 2 Yr. CAGR %	44.35	289.07	35.9	-33.24	-35.87
Cash From Operations, 2 Yr. CAGR %	28.05	8.99	-2.31	34.43	9.7
Capital Expenditures, 2 Yr. CAGR %	-6.79	-40.38	-39.23	-19.86	11.88
Levered Free Cash Flow, 2 Yr. CAGR %	326.4	-14.06	-39.72	70.82	25.91
Unlevered Free Cash Flow, 2 Yr. CAGR %	380.49	-11.97	-39.7	70.81	25.92
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	43.94	15.58	-6.67	30.23	8.23
Gross Profit, 3 Yr. CAGR %	243.15	31.65	-29.27	-35.28	-33.24
EBITDA, 3 Yr. CAGR %	40.57	9.03	7.99	1.6	16.12
EBITA, 3 Yr. CAGR %	40.7	6.68	3.99	1.06	15.89
EBIT, 3 Yr. CAGR %	39.73	6.68	3.99	1.06	15.89
Earnings From Cont. Operations, 3 Yr. CAGR %	37.89	4.92	4.71	3.26	17.24
Net Income, 3 Yr. CAGR %	37.89	4.92	4.71	3.26	17.24
Normalized Net Income, 3 Yr. CAGR %	38.1	4.79	2.31	1.07	15.87
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-32.08	-32.15	-22.99	-6.43
Accounts Receivable, 3 Yr. CAGR %	50.96	-12.37	-48.56	82.22	-2.86
Inventory, 3 Yr. CAGR %	-8.92	-60.66	2	48.44	324
Net Property, Plant and Equip., 3 Yr. CAGR %	37.81	0.34	12.63	10.1	14.9
Total Assets, 3 Yr. CAGR %	43.38	24.45	77	-15.18	-11.49
Tangible Book Value, 3 Yr. CAGR %	141.3	54.47	163.72	-12.09	-20.72
Common Equity, 3 Yr. CAGR %	105.5	47	163.72	-12.09	-20.72
Cash From Operations, 3 Yr. CAGR %	29.39	6.87	15.04	10.4	15.55
Capital Expenditures, 3 Yr. CAGR %	-2.05	-24.91	-35.42	-32.1	-1.74
Levered Free Cash Flow, 3 Yr. CAGR %	69.94	43.81	17.5	-21.28	53.29
Unlevered Free Cash Flow, 3 Yr. CAGR %	70.8	55.79	19.39	-21.25	53.28
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	20.04	29.45	25.62	-1.62
Gross Profit, 5 Yr. CAGR %	-	10.17	55.91	-3.06	-19.71
EBITDA, 5 Yr. CAGR %	-	27.15	17.53	15.8	9.25
EBITA, 5 Yr. CAGR %	-	25.16	17.56	14.26	7.13
EBIT, 5 Yr. CAGR %	-	25.16	17.08	14.26	7.13
Earnings From Cont. Operations, 5 Yr. CAGR %	-	28.56	18.12	14.28	6.59
Net Income, 5 Yr. CAGR %	-	28.56	18.12	14.28	6.59
Normalized Net Income, 5 Yr. CAGR %	-	28.26	16.44	12.99	5.97
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-17.29	-25.06
Accounts Receivable, 5 Yr. CAGR %	-	-27.32	-4.41	84.2	-36.49
Inventory, 5 Yr. CAGR %	-	-14.3	-9.84	14.58	59.56
Net Property, Plant and Equip., 5 Yr. CAGR %	-	41.48	28.05	5.9	10.78
Total Assets, 5 Yr. CAGR %	-	22.82	34.16	-1.04	26.44
Tangible Book Value, 5 Yr. CAGR %	-	23.46	91.79	10.43	49.8
Common Equity, 5 Yr. CAGR %	-	22.42	74.17	7.2	49.8
Cash From Operations, 5 Yr. CAGR %	-	-	15.63	17.15	12.88
Capital Expenditures, 5 Yr. CAGR %	-	-	-19.08	-22.93	-19.54
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	12.02	54.39	21.87
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	12.37	61.98	23.05