ABIDE AS: årsregnskap 2023 vs 2022
Grew 56% on revenue, returned to profit, cash halved-plus
registry 2024-05-02; journal 2024 386761
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABIDE AS. Revenue 39.0k NOK → 60.7k NOK (+55.7%). Net result -640.2k NOK → +407.7k NOK. Equity 4.84m NOK → 1.17m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABIDE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 39.0k NOK to 60.7k NOK (+55.7% YoY). Calculated
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Operating result improved
Operating result +19.1k NOK → +34.8k NOK (op. margin 49.0% → 57.2%). Calculated
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Turned profitable
Net result flipped from a loss of 640.2k NOK to a profit of 407.7k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.84m NOK → 1.17m NOK (equity ratio 99.7% → 92.0%). Calculated
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↓
Cash fell
Bank deposits 3.04m NOK → 180.7k NOK (-94.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.04m NOK → 180.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation