78 DEGREES NORTH AS: årsregnskap 2023 vs 2022
Grew 103% on revenue, weaker earnings
approved 2024-04-22; registry 2024-05-04; journal 2024 393749
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 78 DEGREES NORTH AS. Revenue 2.00m NOK → 4.08m NOK (+103.3%). Net result -194.6k NOK → -268.0k NOK. Equity -170.2k NOK → -438.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 78 DEGREES NORTH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.00m NOK to 4.08m NOK (+103.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -194.3k NOK → -257.4k NOK (op. margin -9.7% → -6.3%). Calculated
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↓
Net result weakened
Net result -194.6k NOK → -268.0k NOK (net margin -9.7% → -6.6%). Calculated
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↓
Equity eroded
Book equity -170.2k NOK → -438.2k NOK (equity ratio -86.8% → -161.7%). Calculated
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↓
Cash fell
Bank deposits 83.9k NOK → 71.9k NOK (-14.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -161.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 661.2k NOK → 322.0k NOK (-51.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 8 290 NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 2.31 → 5.98. Reported fact