FirmaIQ
Org.nr 921 486 928 2021 → 2022 Year-over-year analysis

ADWATER AS: årsregnskap 2022 vs 2021

Grew 406% on revenue, weaker earnings, cash halved-plus

approved 2023-06-15; registry 2023-06-19; journal 2023 498972

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADWATER AS. Revenue 747.1k NOK → 3.78m NOK (+405.7%). Net result +151.4k NOK → +49.3k NOK. Equity 8.19m NOK → 237.3k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADWATER AS.

At a glance

Scorecard

Revenue
747.1k NOK 3.78m NOK
+405.7%
Operating result
+141.3k NOK +75.5k NOK
-46.6%
Net result
+151.4k NOK +49.3k NOK
-67.4%
Equity
8.19m NOK 237.3k NOK
-97.1%
Cash
105.4k NOK 26.3k NOK
-75.1%
Total assets
316.8k NOK 448.0k NOK
+41.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 747.1k NOK to 3.78m NOK (+405.7% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +141.3k NOK → +75.5k NOK (op. margin 18.9% → 2.0%). Calculated

  • ↓

    Net result weakened

    Net result +151.4k NOK → +49.3k NOK (net margin 20.3% → 1.3%). Calculated

  • ↓

    Equity eroded

    Book equity 8.19m NOK → 237.3k NOK (equity ratio 2584.4% → 53.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 105.4k NOK → 26.3k NOK (-75.1% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 253.8k NOK → 3.15m NOK (+1140.1% YoY). Calculated