ADAM DIAGNOSTICS AS: årsregnskap 2018 vs 2017
Grew 62% on revenue, stronger earnings
approved 2019-06-30; registry 2019-07-11; journal 2019 691428
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADAM DIAGNOSTICS AS. Revenue 74.3k NOK → 120.6k NOK (+62.3%). Net result 0 NOK → +27.8k NOK. Equity 23.0k NOK → -4 819 NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAM DIAGNOSTICS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 74.3k NOK to 120.6k NOK (+62.3% YoY). Calculated
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Net result improved
Net result 0 NOK → +27.8k NOK (net margin 0.0% → 23.1%). Calculated
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Cash rose
Bank deposits 79.7k NOK → 140.3k NOK (+75.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -690 NOK → -27.9k NOK (op. margin -0.9% → -23.1%). Calculated
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↓
Equity eroded
Book equity 23.0k NOK → -4 819 NOK (equity ratio 28.9% → -1.5%). Calculated
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Current ratio dropped below 1×
Current ratio 1.41× → 0.60× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation