Org.nr 927 167 778 2021 → 2022 Year-over-year analysis

ADAPTIC TECHNOLOGY AS: årsregnskap 2022 vs 2021

Grew 100068% on revenue, weaker earnings, fresh owner capital

approved 2023-06-09; registry 2023-07-22; journal 2023 598674

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ADAPTIC TECHNOLOGY AS. Revenue 11.0k NOK → 11.01m NOK (+100067.8%). Net result -5.25m NOK → -11.54m NOK. Equity -2 399 NOK → 3.60m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.

Also worth watching: cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADAPTIC TECHNOLOGY AS.

Scorecard

Revenue
11.0k NOK 11.01m NOK
+100067.8%
Operating result
-5 409 NOK -11.72m NOK
-216588.7%
Net result
-5.25m NOK -11.54m NOK
-119.8%
Equity
-2 399 NOK 3.60m NOK
+150284.5%
Cash
635 NOK 3 837 NOK
+504.3%
Total assets
5.74m NOK 18.96m NOK
+230.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 11.0k NOK to 11.01m NOK (+100067.8% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity -2 399 NOK → 3.60m NOK (equity ratio -0.0% → 19.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 635 NOK → 3 837 NOK (+504.3% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 30.0k NOK → 6.12m NOK (+6.09m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -5 409 NOK → -11.72m NOK (op. margin -49.2% → -106.4%). Calculated

  • ↓

    Net result weakened

    Net result -5.25m NOK → -11.54m NOK (net margin -47766.5% → -104.8%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 108.17× → 0.75× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 2 059 NOK → 2.79m NOK (+135327.1% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 12 → 16. Reported fact