FirmaIQ
Org.nr 928 854 167 2022 → 2023 Year-over-year analysis

ADEPTEN AS: årsregnskap 2023 vs 2022

Grew 213% on revenue, slipped into loss, cash halved-plus

approved 2024-06-26; registry 2024-08-01; journal 2024 613005

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADEPTEN AS. Revenue 17.05m NOK → 53.34m NOK (+212.9%). Net result +315.2k NOK → -890.3k NOK. Equity 425.2k NOK → -1.21m NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ADEPTEN AS.

At a glance

Scorecard

Revenue
17.05m NOK 53.34m NOK
+212.9%
Operating result
+401.0k NOK -422.4k NOK
-205.3%
Net result
+315.2k NOK -890.3k NOK
-382.5%
Equity
425.2k NOK -1.21m NOK
-383.9%
Cash
2.38m NOK 711.6k NOK
-70.1%
Total assets
7.23m NOK 18.65m NOK
+157.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 17.05m NOK to 53.34m NOK (+212.9% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +401.0k NOK → -422.4k NOK (op. margin 2.4% → -0.8%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 315.2k NOK profit to a loss of 890.3k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 425.2k NOK → -1.21m NOK (equity ratio 5.9% → -6.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.38m NOK → 711.6k NOK (-70.1% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.03× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -6.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.38m NOK → 711.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 110.0k NOK → 75.4k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Payroll increased

    Salary cost 1.41m NOK → 15.30m NOK (8% → 29% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 14.20m NOK → 33.49m NOK (+135.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 0 NOK → 495.5k NOK. Reported fact