4X4 MEDICINE AS: årsregnskap 2022 vs 2021
Shrank 9% on revenue, stronger earnings, cash halved-plus
registry 2023-05-31; journal 2023 442783
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 4X4 MEDICINE AS. Revenue 764.9k NOK → 694.9k NOK (-9.2%). Net result +1.08m NOK → +2.18m NOK. Equity 10 NOK → 1.65m NOK.
On the constructive side: net result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 4X4 MEDICINE AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +1.08m NOK → +2.18m NOK (net margin 141.6% → 313.5%). Calculated
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Equity strengthened
Book equity 10 NOK → 1.65m NOK (equity ratio 0.0% → 62.6%). Calculated
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Current ratio back above 1×
Current ratio 0.28× → 4.05×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 764.9k NOK to 694.9k NOK (-9.2% YoY). Calculated
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Operating result weakened
Operating result +455.0k NOK → +257.4k NOK (op. margin 59.5% → 37.0%). Calculated
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Cash fell
Bank deposits 961.6k NOK → 101.6k NOK (-89.4% YoY). Calculated
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Payroll up without matching revenue
Salary cost 2 930 NOK → 8 841 NOK (0% → 1% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 7.58m NOK → 583.3k NOK. Reported fact