ADAPTIQ AS: årsregnskap 2023 vs 2022
Grew 106% on revenue, weaker earnings
approved 2024-02-13; registry 2024-02-17; journal 2024 307419
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADAPTIQ AS. Revenue 81.2k NOK → 167.5k NOK (+106.2%). Net result -10.3k NOK → -31.8k NOK. Equity 8 877 NOK → -22.9k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADAPTIQ AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 81.2k NOK to 167.5k NOK (+106.2% YoY). Calculated
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↑
Cash rose
Bank deposits 8 565 NOK → 64.0k NOK (+647.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -9 898 NOK → -31.2k NOK (op. margin -12.2% → -18.6%). Calculated
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↓
Net result weakened
Net result -10.3k NOK → -31.8k NOK (net margin -12.6% → -19.0%). Calculated
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↓
Equity eroded
Book equity 8 877 NOK → -22.9k NOK (equity ratio 86.8% → -31.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 7.60× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -31.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 NOK → 50.8k NOK (0% → 30% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 189.0k NOK → 55.5k NOK (-70.7% YoY). Calculated