2THRIVE AS: årsregnskap 2022 vs 2021
Grew 476% on revenue, returned to profit, cash halved-plus
approved 2023-06-26; registry 2023-07-17; journal 2023 618875
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 2THRIVE AS. Revenue 108.8k NOK → 626.9k NOK (+476.1%). Net result -111.7k NOK → +30.8k NOK. Equity -29.5k NOK → 1 378 NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 2THRIVE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 108.8k NOK to 626.9k NOK (+476.1% YoY). Calculated
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Operating result improved
Operating result -106.1k NOK → +32.2k NOK (op. margin -97.4% → 5.1%). Calculated
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Turned profitable
Net result flipped from a loss of 111.7k NOK to a profit of 30.8k NOK. Calculated
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Equity strengthened
Book equity -29.5k NOK → 1 378 NOK (equity ratio -22.2% → 1.5%). Calculated
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Current ratio back above 1×
Current ratio 0.82× → 1.02×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 80.1k NOK → 32.4k NOK (-59.5% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 2 NOK → 2.19m NOK (0% → 349% of revenue). Calculated
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COGS fell
COGS / varekostnad 128.5k NOK → 51.1k NOK (-60.3% YoY). Calculated