ADRENALYNN AS: årsregnskap 2023 vs 2022
Grew 238% on revenue, weaker earnings, cash halved-plus
approved 2024-04-12; registry 2024-04-17; journal 2024 360487
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADRENALYNN AS. Revenue 271.6k NOK → 919.0k NOK (+238.3%). Net result -44.8k NOK → -59.8k NOK. Equity 40.3k NOK → -19.5k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADRENALYNN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 271.6k NOK to 919.0k NOK (+238.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.53m NOK → 529.1k NOK (931% → 58% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -44.7k NOK → -59.0k NOK (op. margin -16.5% → -6.4%). Calculated
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↓
Net result weakened
Net result -44.8k NOK → -59.8k NOK (net margin -16.5% → -6.5%). Calculated
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↓
Equity eroded
Book equity 40.3k NOK → -19.5k NOK (equity ratio 19.1% → -22.4%). Calculated
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↓
Cash fell
Bank deposits 97.4k NOK → 23.5k NOK (-75.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.24× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -22.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 134.6k NOK → 191.8k NOK (+42.6% YoY). Calculated