Org.nr 927 167 778 2022 → 2023 Year-over-year analysis

ADAPTIC TECHNOLOGY AS: årsregnskap 2023 vs 2022

Grew 146% on revenue, stronger earnings

approved 2024-06-26; registry 2024-07-09; journal 2024 601265

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADAPTIC TECHNOLOGY AS. Revenue 11.01m NOK → 27.08m NOK (+145.8%). Net result -11.54m NOK → -3.82m NOK. Equity 3.60m NOK → 3.83m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

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

Scorecard

Revenue
11.01m NOK 27.08m NOK
+145.8%
Operating result
-11.72m NOK -4.13m NOK
+64.8%
Net result
-11.54m NOK -3.82m NOK
+66.9%
Equity
3.60m NOK 3.83m NOK
+6.4%
Cash
3 837 NOK 721.8k NOK
+18711.6%
Total assets
18.96m NOK 22.40m NOK
+18.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 11.01m NOK to 27.08m NOK (+145.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -11.72m NOK → -4.13m NOK (op. margin -106.4% → -15.2%). Calculated

  • ↑

    Net result improved

    Net result -11.54m NOK → -3.82m NOK (net margin -104.8% → -14.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.60m NOK → 3.83m NOK (equity ratio 19.0% → 17.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 3 837 NOK → 721.8k NOK (+18711.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 13.60m NOK → 14.06m NOK (123% → 52% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 2.79m NOK → 8.83m NOK (+216.7% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 16 → 14. Reported fact