ADAPTIVE FROG AS: årsregnskap 2023 vs 2022
Shrank 34% on revenue, weaker earnings
approved 2024-05-28; registry 2024-05-30; journal 2024 460182
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADAPTIVE FROG AS. Revenue 1.38m NOK → 910.0k NOK (-34.2%). Net result +337.6k NOK → +160.6k NOK. Equity 257.6k NOK → 1.42m NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 257.6k NOK → 1.42m NOK (equity ratio 16.9% → 92.8%). Calculated
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↑
Cash rose
Bank deposits 355.0k NOK → 1.50m NOK (+322.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.88m NOK → 2.65m NOK (281% → 291% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.38m NOK to 910.0k NOK (-34.2% YoY). Calculated
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↓
Operating result weakened
Operating result +434.3k NOK → +205.7k NOK (op. margin 31.4% → 22.6%). Calculated
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↓
Net result weakened
Net result +337.6k NOK → +160.6k NOK (net margin 24.4% → 17.7%). Calculated
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↓
COGS moved
COGS / varekostnad 172.5k NOK → 478.2k NOK (+177.2% YoY). Calculated