ADAPTIVE FROG AS: årsregnskap 2022 vs 2021
Grew 9% on revenue, stronger earnings, cash halved-plus
approved 2023-05-30; registry 2023-05-31; journal 2023 445092
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADAPTIVE FROG AS. Revenue 1.27m NOK → 1.38m NOK (+9.1%). Net result +257.6k NOK → +337.6k NOK. Equity 920.0k NOK → 257.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: cogs moved; book investments changed. 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 1.27m NOK to 1.38m NOK (+9.1% YoY). Calculated
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Operating result improved
Operating result +241.2k NOK → +434.3k NOK (op. margin 19.0% → 31.4%). Calculated
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Net result improved
Net result +257.6k NOK → +337.6k NOK (net margin 20.3% → 24.4%). Calculated
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Current ratio back above 1×
Current ratio 0.47× → 5.70×. Calculated
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Payroll decreased
Salary cost 3.96m NOK → 3.88m NOK (313% → 281% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 920.0k NOK → 257.6k NOK (equity ratio 605.0% → 16.9%). Calculated
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Cash fell
Bank deposits 978.8k NOK → 355.0k NOK (-63.7% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 484 NOK → 172.5k NOK (+35537.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 40.0k NOK → 0 NOK. Reported fact