FirmaIQ
Org.nr 991 347 275 2016 → 2017 Year-over-year analysis

ADAPTIVE AS: årsregnskap 2017 vs 2016

Grew 23% on revenue, stronger earnings

approved 2018-05-29; registry 2018-06-07; journal 2018 425342

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADAPTIVE AS. Revenue 8.92m NOK → 10.93m NOK (+22.6%). Net result +606.6k NOK → +2.04m NOK. Equity 4.93m NOK → 5.25m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADAPTIVE AS.

At a glance

Scorecard

Revenue
8.92m NOK 10.93m NOK
+22.6%
Operating result
+1.94m NOK +2.47m NOK
+27.3%
Net result
+606.6k NOK +2.04m NOK
+236.3%
Equity
4.93m NOK 5.25m NOK
+6.5%
Cash
4.71m NOK 4.20m NOK
-10.9%
Total assets
6.57m NOK 6.88m NOK
+4.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 8.92m NOK to 10.93m NOK (+22.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.94m NOK → +2.47m NOK (op. margin 21.8% → 22.6%). Calculated

  • ↑

    Net result improved

    Net result +606.6k NOK → +2.04m NOK (net margin 6.8% → 18.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 4.93m NOK → 5.25m NOK (equity ratio 75.1% → 76.3%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 4.71m NOK → 4.20m NOK (-10.9% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 4.76m NOK → 4.80m NOK (53% → 44% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 84.7k NOK → 1.96m NOK (+2217.4% YoY). Calculated