ADDWIZE AS: årsregnskap 2023 vs 2022
Shrank 15% on revenue, slipped into loss
approved 2024-03-15; registry 2024-03-18; journal 2024 330464
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADDWIZE AS. Revenue 5.56m NOK → 4.70m NOK (-15.4%). Net result +318.6k NOK → -357.5k NOK. Equity 690.1k NOK → 332.6k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADDWIZE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 5.56m NOK to 4.70m NOK (-15.4% YoY). Calculated
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Operating result weakened
Operating result +411.2k NOK → -357.8k NOK (op. margin 7.4% → -7.6%). Calculated
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Fell into a net loss
Net result flipped from 318.6k NOK profit to a loss of 357.5k NOK. Calculated
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Equity eroded
Book equity 690.1k NOK → 332.6k NOK (equity ratio 83.3% → 37.1%). Calculated
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Cash fell
Bank deposits 485.0k NOK → 259.4k NOK (-46.5% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 1.28m NOK → 928.7k NOK (-27.2% YoY). Calculated