Org.nr 998 779 561 2021 → 2022 Year-over-year analysis

ADRIAN MEDICAL AS: årsregnskap 2022 vs 2021

Grew 38% on revenue

approved 2023-05-15; registry 2023-05-22; journal 2023 413375

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ADRIAN MEDICAL AS. Revenue 2.17m NOK → 3.00m NOK (+38.3%). Net result +796.2k NOK → +707.1k NOK. Equity 2.67m NOK → 3.28m NOK.

On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADRIAN MEDICAL AS.

Scorecard

Revenue
2.17m NOK 3.00m NOK
+38.3%
Operating result
+1.02m NOK +906.5k NOK
-11.2%
Net result
+796.2k NOK +707.1k NOK
-11.2%
Equity
2.67m NOK 3.28m NOK
+22.7%
Cash
269.5k NOK 250.7k NOK
-7.0%
Total assets
3.47m NOK 3.77m NOK
+8.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.17m NOK to 3.00m NOK (+38.3% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 2.67m NOK → 3.28m NOK (equity ratio 77.0% → 87.1%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.77× → 1.27×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +1.02m NOK → +906.5k NOK (op. margin 47.0% → 30.2%). Calculated

  • ↓

    Net result weakened

    Net result +796.2k NOK → +707.1k NOK (net margin 36.7% → 23.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 269.5k NOK → 250.7k NOK (-7.0% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 2 NOK → 2.80m NOK. Reported fact