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Org.nr 989 431 447 2019 → 2020 Year-over-year analysis

ADROMEDA AS: årsregnskap 2020 vs 2019

Shrank 76% on revenue, slipped into loss

approved 2021-06-29; registry 2021-08-02; journal 2021 603692

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADROMEDA AS. Revenue 12.5k NOK → 2 936 NOK (-76.5%). Net result +2 373 NOK → -4.08m NOK. Equity -2.70m NOK → -6.78m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

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

At a glance

Scorecard

Revenue
12.5k NOK 2 936 NOK
-76.5%
Operating result
+12.7k NOK -19.6k NOK
-254.8%
Net result
+2 373 NOK -4.08m NOK
-171938.8%
Equity
-2.70m NOK -6.78m NOK
-151.0%
Cash
827.9k NOK 800.1k NOK
-3.4%
Total assets
39.5k NOK 961.7k NOK
+2336.3%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 12.5k NOK to 2 936 NOK (-76.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +12.7k NOK → -19.6k NOK (op. margin 101.5% → -667.9%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 2 373 NOK profit to a loss of 4.08m NOK. Calculated

  • ↓

    Equity eroded

    Book equity -2.70m NOK → -6.78m NOK (equity ratio -6841.0% → -704.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 827.9k NOK → 800.1k NOK (-3.4% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 3 251 NOK → 111.2k NOK. Reported fact