Org.nr 927 622 963 2022 → 2023 Year-over-year analysis

ADAPTIVE SYSTEMS AS: årsregnskap 2023 vs 2022

Stronger earnings, cash halved-plus

approved 2024-07-02; registry 2024-08-06; journal 2024 631293

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADAPTIVE SYSTEMS AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -25.9k NOK → -6 067 NOK. Equity -6 771 NOK → -12.8k NOK.

On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAPTIVE SYSTEMS AS.

Scorecard

Revenue
0 NOK 0 NOK
0.0%
Operating result
-25.9k NOK -6 067 NOK
+76.6%
Net result
-25.9k NOK -6 067 NOK
+76.6%
Equity
-6 771 NOK -12.8k NOK
-89.6%
Cash
9 383 NOK 55 NOK
-99.4%
Total assets
9 383 NOK 55 NOK
-99.4%

What improved

  • ↑

    Operating result improved

    Operating result -25.9k NOK → -6 067 NOK. Calculated

  • ↑

    Net result improved

    Net result -25.9k NOK → -6 067 NOK. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -6 771 NOK → -12.8k NOK (equity ratio -72.2% → -23341.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 9 383 NOK → 55 NOK (-99.4% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -23341.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation