FirmaIQ
Org.nr 829 097 222 2022 → 2023 Year-over-year analysis

8TH AVENUE AS: årsregnskap 2023 vs 2022

Grew 201360% on revenue, stronger earnings

registry 2024-07-06; journal 2024 608681

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for 8TH AVENUE AS. Revenue 1 158 NOK → 2.33m NOK (+201360.0%). Net result +91.7k NOK → +4.16m NOK. Equity 50.0k NOK → 50.0k NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 8TH AVENUE AS.

At a glance

Scorecard

Revenue
1 158 NOK 2.33m NOK
+201360.0%
Operating result
+117.5k NOK +206.2k NOK
+75.4%
Net result
+91.7k NOK +4.16m NOK
+4438.3%
Equity
50.0k NOK 50.0k NOK
0.0%
Cash
256.3k NOK 675.2k NOK
+163.5%
Total assets
364.8k NOK 736.6k NOK
+101.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 158 NOK to 2.33m NOK (+201360.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +117.5k NOK → +206.2k NOK (op. margin 10150.3% → 8.8%). Calculated

  • ↑

    Net result improved

    Net result +91.7k NOK → +4.16m NOK (net margin 7917.3% → 178.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 256.3k NOK → 675.2k NOK (+163.5% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 2 285 NOK → 628.7k NOK (197% → 27% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 1 560 NOK → 945.6k NOK (+60516.0% YoY). Calculated