ADVAXA AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
approved 2024-05-14; registry 2024-05-25; journal 2024 434090
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVAXA AS. Revenue 399.8k NOK → 416.3k NOK (+4.1%). Net result +3.55m NOK → +369.1k NOK. Equity 14.28m NOK → 14.65m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADVAXA AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 399.8k NOK to 416.3k NOK (+4.1% YoY). Calculated
-
↑
Operating result improved
Operating result +138.8k NOK → +289.0k NOK (op. margin 34.7% → 69.4%). Calculated
-
↑
Equity strengthened
Book equity 14.28m NOK → 14.65m NOK (equity ratio 98.7% → 97.5%). Calculated
-
↑
Payroll decreased
Salary cost 1.23m NOK → 821.1k NOK (308% → 197% of revenue). Calculated
What deteriorated
-
↓
Net result weakened
Net result +3.55m NOK → +369.1k NOK (net margin 886.9% → 88.7%). Calculated
-
↓
Cash fell
Bank deposits 10.51m NOK → 1.94m NOK (-81.6% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (10.51m NOK → 1.94m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 2.87m NOK → 12.45m NOK. Reported fact