ADAPTIVE AS: årsregnskap 2016 vs 2015
Grew 31% on revenue, returned to profit
approved 2017-05-18; registry 2017-06-01; journal 2017 370589
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADAPTIVE AS. Revenue 6.80m NOK → 8.92m NOK (+31.1%). Net result -211.9k NOK → +606.6k NOK. Equity 3.33m NOK → 4.93m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAPTIVE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.80m NOK to 8.92m NOK (+31.1% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 211.9k NOK to a profit of 606.6k NOK. Calculated
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Equity strengthened
Book equity 3.33m NOK → 4.93m NOK (equity ratio 70.4% → 75.1%). Calculated
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Cash rose
Bank deposits 3.36m NOK → 4.71m NOK (+40.1% YoY). Calculated
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Payroll decreased
Salary cost 5.44m NOK → 4.76m NOK (80% → 53% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 477.6k NOK → 84.7k NOK (-82.3% YoY). Calculated