ADAPTIVE EDGE TECHNOLOGIES AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
approved 2024-03-08; registry 2024-03-11; journal 2024 324537
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADAPTIVE EDGE TECHNOLOGIES AS. Net result -12.4k NOK → -48.3k NOK. Equity 6 736 NOK → -41.5k NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAPTIVE EDGE TECHNOLOGIES AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -12.4k NOK → -48.2k NOK. Calculated
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↓
Net result weakened
Net result -12.4k NOK → -48.3k NOK. Calculated
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↓
Equity eroded
Book equity 6 736 NOK → -41.5k NOK (equity ratio 34.6% → -896.7%). Calculated
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↓
Cash fell
Bank deposits 19.5k NOK → 4 632 NOK (-76.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.53× → 0.41× — 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 -896.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation