150 YARDS AHEAD AS: årsregnskap 2023 vs 2022
Grew 50% on revenue, weaker earnings
approved 2024-08-14; registry 2024-08-17; journal 2024 731138
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 150 YARDS AHEAD AS. Revenue 320.8k NOK → 482.5k NOK (+50.4%). Net result -39.6k NOK → -363.5k NOK. Equity -101.7k NOK → -465.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 150 YARDS AHEAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 320.8k NOK to 482.5k NOK (+50.4% YoY). Calculated
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↑
Cash rose
Bank deposits 3 367 NOK → 11.2k NOK (+232.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -13.8k NOK → -341.1k NOK (op. margin -4.3% → -70.7%). Calculated
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↓
Net result weakened
Net result -39.6k NOK → -363.5k NOK (net margin -12.4% → -75.3%). Calculated
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↓
Equity eroded
Book equity -101.7k NOK → -465.2k NOK (equity ratio -17.8% → -81.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -81.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 164.7k NOK → 549.8k NOK (+233.8% YoY). Calculated