FirmaIQ
Org.nr 992 122 110 2021 → 2022 Year-over-year analysis

ADAX NORGE AS: årsregnskap 2022 vs 2021

Grew 107% on revenue, weaker earnings

approved 2023-06-30; registry 2023-07-24; journal 2023 605603

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADAX NORGE AS. Revenue 5.10m NOK → 10.57m NOK (+107.4%). Net result +8.12m NOK → +397.3k NOK. Equity 1.41m NOK → 1.81m NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADAX NORGE AS.

At a glance

Scorecard

Revenue
5.10m NOK 10.57m NOK
+107.4%
Operating result
+169.5k NOK +507.1k NOK
+199.1%
Net result
+8.12m NOK +397.3k NOK
-95.1%
Equity
1.41m NOK 1.81m NOK
+28.1%
Cash
31.5k NOK 31.5k NOK
0.0%
Total assets
3.10m NOK 4.31m NOK
+39.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.10m NOK to 10.57m NOK (+107.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +169.5k NOK → +507.1k NOK (op. margin 3.3% → 4.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.41m NOK → 1.81m NOK (equity ratio 45.5% → 42.0%). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +8.12m NOK → +397.3k NOK (net margin 159.3% → 3.8%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 594.8k NOK → 790.7k NOK (12% → 7% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 3.58m NOK → 7.02m NOK (+96.3% YoY). Calculated