FirmaIQ
Org.nr 996 185 931 2019 → 2020 Year-over-year analysis

ADAPTIC AS: årsregnskap 2020 vs 2019

Shrank 16% on revenue

approved 2021-05-20; registry 2021-07-08; journal 2021 463997

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADAPTIC AS. Revenue 13.46m NOK → 11.27m NOK (-16.3%). Net result -2.25m NOK → -2.20m NOK. Equity 1.69m NOK → 560.9k NOK.

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

Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADAPTIC AS.

At a glance

Scorecard

Revenue
13.46m NOK 11.27m NOK
-16.3%
Operating result
-3.14m NOK -3.21m NOK
-2.5%
Net result
-2.25m NOK -2.20m NOK
+2.1%
Equity
1.69m NOK 560.9k NOK
-66.8%
Cash
280.1k NOK 438.2k NOK
+56.4%
Total assets
10.36m NOK 11.55m NOK
+11.5%

What improved

  • ↑

    Cash rose

    Bank deposits 280.1k NOK → 438.2k NOK (+56.4% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 13.46m NOK to 11.27m NOK (-16.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -3.14m NOK → -3.21m NOK (op. margin -23.3% → -28.5%). Calculated

  • ↓

    Equity eroded

    Book equity 1.69m NOK → 560.9k NOK (equity ratio 16.3% → 4.9%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.69m NOK → 560.9k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 4.62m NOK → 3.99m NOK (-13.6% YoY). Calculated