ADMIT AS: årsregnskap 2023 vs 2022
Grew 392% on revenue, returned to profit
registry 2024-07-08; journal 2024 592756
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADMIT AS. Revenue 1.58m NOK → 7.76m NOK (+391.5%). Net result -528.2k NOK → +813.7k NOK. Equity 815.7k NOK → 629.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADMIT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.58m NOK to 7.76m NOK (+391.5% YoY). Calculated
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Operating result improved
Operating result -513.5k NOK → +829.3k NOK (op. margin -32.5% → 10.7%). Calculated
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Turned profitable
Net result flipped from a loss of 528.2k NOK to a profit of 813.7k NOK. Calculated
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↑
Cash rose
Bank deposits 986 NOK → 3 322 NOK (+236.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 815.7k NOK → 629.4k NOK (equity ratio 26.2% → 8.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 1.46m NOK → 828.9k NOK (-43.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 58.6k NOK → 60.6k NOK. Reported fact