Org.nr 998 779 561 2018 → 2019 Year-over-year analysis

ADRIAN MEDICAL AS: årsregnskap 2019 vs 2018

Shrank 35% on revenue, cash halved-plus

approved 2020-08-20; registry 2020-09-22; journal 2020 846068

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADRIAN MEDICAL AS. Revenue 2.18m NOK → 1.43m NOK (-34.5%). Equity 1.86m NOK → 1.59m NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADRIAN MEDICAL AS.

At a glance

Revenue

2.18m NOK 1.43m NOK

-34.5%

Operating result

+791.2k NOK +676.5k NOK

-14.5%

Net result

n/m +527.7k NOK

—

Equity

1.86m NOK 1.59m NOK

-14.6%

Cash

1.47m NOK 539.7k NOK

-63.3%

Total assets

2.07m NOK 1.74m NOK

-15.9%

↓
Revenue fell

Operating income / revenue moved from 2.18m NOK to 1.43m NOK (-34.5% YoY). Calculated
↓
Operating result weakened

Operating result +791.2k NOK → +676.5k NOK (op. margin 36.3% → 47.4%). Calculated
↓
Equity eroded

Book equity 1.86m NOK → 1.59m NOK (equity ratio 90.1% → 91.5%). Calculated
↓
Cash fell

Bank deposits 1.47m NOK → 539.7k NOK (-63.3% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (1.47m NOK → 539.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation