ADAPTIVE FROG AS: årsregnskap 2021 vs 2020
Grew 257% on revenue, weaker earnings
approved 2022-05-02; registry 2022-05-04; journal 2022 256616
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADAPTIVE FROG AS. Revenue 354.4k NOK → 1.27m NOK (+257.4%). Net result +351.1k NOK → +257.6k NOK. Equity 12.66m NOK → 920.0k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADAPTIVE FROG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 354.4k NOK to 1.27m NOK (+257.4% YoY). Calculated
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↑
Cash rose
Bank deposits 682.5k NOK → 978.8k NOK (+43.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +450.2k NOK → +241.2k NOK (op. margin 127.0% → 19.0%). Calculated
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↓
Net result weakened
Net result +351.1k NOK → +257.6k NOK (net margin 99.1% → 20.3%). Calculated
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↓
Equity eroded
Book equity 12.66m NOK → 920.0k NOK (equity ratio 1287.4% → 605.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.92× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 4 NOK → 3.96m NOK (0% → 313% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 15.1k NOK → 484 NOK (-96.8% YoY). Calculated