ADAPTIVE MEDIA AS: årsregnskap 2020 vs 2019
Grew 49% on revenue, stronger earnings
approved 2021-08-18; registry 2021-08-23; journal 2021 663286
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAPTIVE MEDIA AS. Revenue 1.51m NOK → 2.24m NOK (+48.7%). Net result +1.07m NOK → +2.18m NOK. Equity 3.98m NOK → 945.6k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADAPTIVE MEDIA AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.51m NOK to 2.24m NOK (+48.7% YoY). Calculated
-
↑
Net result improved
Net result +1.07m NOK → +2.18m NOK (net margin 70.7% → 97.3%). Calculated
-
↑
Cash rose
Bank deposits 2 405 NOK → 82.9k NOK (+3347.1% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +289.4k NOK → +236.3k NOK (op. margin 19.2% → 10.5%). Calculated
-
↓
Equity eroded
Book equity 3.98m NOK → 945.6k NOK (equity ratio 2222.5% → 56.9%). Calculated
Things to notice
-
·
Payroll increased
Salary cost -42.1k NOK → 4.64m NOK (-3% → 207% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad -8 045 NOK → 580.5k NOK (+7316.1% YoY). Calculated