Org.nr 911 928 965 2022 → 2023 Year-over-year analysis

ADAPA SYSTEMS AS: årsregnskap 2023 vs 2022

Grew 2508% on revenue, weaker earnings, fresh owner capital

approved 2024-08-20; registry 2024-08-22; journal 2024 734942

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADAPA SYSTEMS AS. Revenue 2 280 NOK → 59.5k NOK (+2507.6%). Net result -103.5k NOK → -152.2k NOK. Equity -1.65m NOK → -1.80m NOK.

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

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADAPA SYSTEMS AS.

Scorecard

Revenue
2 280 NOK 59.5k NOK
+2507.6%
Operating result
-102.5k NOK -194.5k NOK
-89.7%
Net result
-103.5k NOK -152.2k NOK
-47.0%
Equity
-1.65m NOK -1.80m NOK
-9.2%
Cash
288 NOK 86.3k NOK
+29877.4%
Total assets
113.2k NOK 246.8k NOK
+117.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2 280 NOK to 59.5k NOK (+2507.6% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 288 NOK → 86.3k NOK (+29877.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -102.5k NOK → -194.5k NOK (op. margin -4496.4% → -327.2%). Calculated

  • ↓

    Net result weakened

    Net result -103.5k NOK → -152.2k NOK (net margin -4539.5% → -255.9%). Calculated

  • ↓

    Equity eroded

    Book equity -1.65m NOK → -1.80m NOK (equity ratio -1455.4% → -729.6%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 6 645 NOK → 113.4k NOK (+1606.1% YoY). Calculated