FirmaIQ
Org.nr 919 268 689 2018 → 2019 Year-over-year analysis

ADAM DIAGNOSTICS AS: årsregnskap 2019 vs 2018

Shrank 9% on revenue, weaker earnings

approved 2020-08-30; registry 2020-09-10; journal 2020 794382

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADAM DIAGNOSTICS AS. Revenue 120.6k NOK → 109.6k NOK (-9.1%). Net result +27.8k NOK → 0 NOK. Equity -4 819 NOK → -15.8k NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAM DIAGNOSTICS AS.

At a glance

Scorecard

Revenue
120.6k NOK 109.6k NOK
-9.1%
Operating result
-27.9k NOK -11.3k NOK
+59.5%
Net result
+27.8k NOK 0 NOK
-100.0%
Equity
-4 819 NOK -15.8k NOK
-228.8%
Cash
140.3k NOK 140.5k NOK
+0.2%
Total assets
313.2k NOK 285.6k NOK
-8.8%

What improved

  • ↑

    Operating result improved

    Operating result -27.9k NOK → -11.3k NOK (op. margin -23.1% → -10.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 120.6k NOK to 109.6k NOK (-9.1% YoY). Calculated

  • ↓

    Net result weakened

    Net result +27.8k NOK → 0 NOK (net margin 23.1% → 0.0%). Calculated

  • ↓

    Equity eroded

    Book equity -4 819 NOK → -15.8k NOK (equity ratio -1.5% → -5.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -5.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation