Org.nr 929 739 752 2022 → 2023 Year-over-year analysis

8AM DESIGN AS: årsregnskap 2023 vs 2022

Weaker earnings, cash halved-plus

registry 2024-06-01; journal 2024 465541

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for 8AM DESIGN AS. Revenue 50.0k NOK → 50.0k NOK (0.0%). Net result -261.2k NOK → -1.07m NOK. Equity -236.8k NOK → -1.30m NOK.

Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for 8AM DESIGN AS.

Scorecard

Revenue
50.0k NOK 50.0k NOK
0.0%
Operating result
-261.2k NOK -1.07m NOK
-307.7%
Net result
-261.2k NOK -1.07m NOK
-308.0%
Equity
-236.8k NOK -1.30m NOK
-450.0%
Cash
489.7k NOK 106.1k NOK
-78.3%
Total assets
489.7k NOK 114.8k NOK
-76.6%

What deteriorated

  • ↓

    Operating result weakened

    Operating result -261.2k NOK → -1.07m NOK (op. margin -522.5% → -2130.4%). Calculated

  • ↓

    Net result weakened

    Net result -261.2k NOK → -1.07m NOK (net margin -522.5% → -2131.5%). Calculated

  • ↓

    Equity eroded

    Book equity -236.8k NOK → -1.30m NOK (equity ratio -48.4% → -1135.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 489.7k NOK → 106.1k NOK (-78.3% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2 268 NOK → 987.4k NOK (5% → 1975% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -1135.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Headcount (årsverk) changed

    Reported FTEs 1 → 0.25. Reported fact