2GEN AS: årsregnskap 2023 vs 2022
Grew 21% on revenue, returned to profit
approved 2024-05-19; registry 2024-05-22; journal 2024 425487
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 2GEN AS. Revenue 876 NOK → 1 056 NOK (+20.5%). Net result -191.5k NOK → +67.5k NOK. Equity -161.5k NOK → -94.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 2GEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 876 NOK to 1 056 NOK (+20.5% YoY). Calculated
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Operating result improved
Operating result -183.2k NOK → +154.9k NOK (op. margin -20918.5% → 14666.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 191.5k NOK to a profit of 67.5k NOK. Calculated
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↑
Equity strengthened
Book equity -161.5k NOK → -94.0k NOK (equity ratio -33.8% → -42.6%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits -1 581 NOK → -80.6k NOK (-4997.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -42.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 160.2k NOK → 123.3k NOK (-23.0% YoY). Calculated