1. Norway Stocks

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    Healthcare

  3. •

    Medical - Healthcare Information Services
CodeLab Capital AS

CodeLab Capital AS

CODE.OL
CodeLab Capital ASNO flagOslo Stock Exchange
3.42
NOK
+0.07
- -
49.44MMarket Cap
CodeLab Capital AS
CODE.OL
(Oslo Stock Exchange)

Recent

price

3.42

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
20.68
33.02
35.14
52.46
49.03
14.88
0.04
0.74
51.05
Revenue per Share
-26.35
-13.19
-5.9
-23.08
-38.87
7.55
-22.07
-1.03
-42.25
Basic EPS, GAAP
-54.13
-22.46
-9.28
-36.71
-64.52
-24.3
-10.19
-0.91
-42.42
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
125
- -
- -
- -
Dividend per Share
3.56
3.56
6.87
6.87
-143.6
6.87
2.62
1.98
-105.16
Book Value per Share
-148.91
-162.02
2.33
-18.51
-46.04
17.97
2.62
-0.72
42.86
Tangible Book Value per Share
3
3
4
4
4
4
7
14
4
Basic Weighted Avg Shares
72
115
140
209
195
59
- -
11
203
Sales/Revenue/Turnover
-113.46
-34.76
-29.45
-45.17
-76.51
-188.58
-54,633.67
-149.23
-65.85
Operating Margin (%)
38
57
73
107
121
42
21
4
119
Depreciation Expense
-92
-46
-23
-92
-155
30
-151
-15
-168
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-127.37
-39.96
-16.78
-44
-79.27
50.77
-60,501.91
-139.59
-82.77
Profit Margin (%)
-19
-37
343
181
48
58
18
5
101
Working Capital
47
50
210
214
217
- -
- -
3
- -
LT Debt
-40
-85
842
751
599
134
18
29
257
Total Equity
- -
- -
- -
- -
- -
-23.34
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
-31.18
- -
- -
- -
Return on Capital (%)
- -
-371.08
-118.25
-336.09
- -
- -
-667.3
-63.92
-194.73
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'22
Mar'23
Jun'23
ST Debt
- -
- -
- -
LT Borrowings
217
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
- -
4
Market Capitalization
1
1
2

Working Capital

FRC

•

in mil. unless spec.
Dec'22
Mar'23
Jun'23
Total Current Assets
105
- -
114
Cash, Cash Equivalents & STI
56
- -
104
Accounts Receivable, Net
33
- -
1
Inventories
- -
- -
- -
Total Current Liabilities
57
- -
13
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-26.27%
63.95%
Free Cash Flow
- -
39.99%
-81.02%
Net Income, GAAP
- -
-90.42%
-90.14%
Sales/Revenue/Turnover
- -
809.3%
4,173.03%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
47
10
- -
- -
59
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
11

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-7.74
- -
- -
- -
7.55
2024
-5.18
- -
- -
- -
-22.07
2025
- -
- -
- -
- -
-1.03

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
125
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
CodeLab Capital AS (Ticker: CODE.OL), formerly known as PatientSky Group AS, is a Norway-based technology investment company that builds and invests in next-generation technology ventures, providing strategy, capital, and network support to foster sustainable growth and positive global impact; it offers Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS) solutions primarily targeted at the healthcare sector, including the PatientSky 360 Platform, electronic health record (EHR) systems, medication modules, occupational health services, HSE and HACCP compliance software, and tools that reduce distance between patients and healthcare professionals. The company operates in Norway and internationally, serving health professionals, partners, and tech entrepreneurs with scalable healthcare software modules and broader technology development tools. Founded in 2014 and headquartered in Trondheim, Norway, CodeLab Capital recently completed the acquisition of a 50.06% majority stake in Cloudya AS, a rapidly growing AWS reseller and managed services provider, for NOK 5.006 million in October 2025, marking a strategic expansion into cloud infrastructure and cybersecurity services across Europe; this transaction, settled in CodeLab shares, aligns with its investment approach to back high-growth companies and follows multiple share issuances and capital raises in 2025, including private placements and subsequent offerings to fund portfolio expansion.