FirmaIQ
Org.nr 928 573 273 2022 → 2023 Year-over-year analysis

ADAPT IT AS: årsregnskap 2023 vs 2022

Shrank 41% on revenue, cash halved-plus

approved 2024-05-29; registry 2024-05-30; journal 2024 462998

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADAPT IT AS. Revenue 2.01m NOK → 1.18m NOK (-41.4%). Net result +76.5k NOK → +61.6k NOK. Equity 30.0k NOK → 10.6k NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAPT IT AS.

At a glance

Scorecard

Revenue
2.01m NOK 1.18m NOK
-41.4%
Operating result
+99.1k NOK +102.3k NOK
+3.2%
Net result
+76.5k NOK +61.6k NOK
-19.5%
Equity
30.0k NOK 10.6k NOK
-64.6%
Cash
97.3k NOK 6 004 NOK
-93.8%
Total assets
348.1k NOK 51.3k NOK
-85.3%

What improved

  • ↑

    Operating result improved

    Operating result +99.1k NOK → +102.3k NOK (op. margin 4.9% → 8.7%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.01m NOK to 1.18m NOK (-41.4% YoY). Calculated

  • ↓

    Net result weakened

    Net result +76.5k NOK → +61.6k NOK (net margin 3.8% → 5.2%). Calculated

  • ↓

    Equity eroded

    Book equity 30.0k NOK → 10.6k NOK (equity ratio 8.6% → 20.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 97.3k NOK → 6 004 NOK (-93.8% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 1.87m NOK → 895.3k NOK (-52.1% YoY). Calculated