ADWIZO AS: årsregnskap 2023 vs 2022
Grew 1246% on revenue, slipped into loss, cash halved-plus
approved 2024-03-15; registry 2024-04-10; journal 2024 351577
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADWIZO AS. Revenue 80.9k NOK → 1.09m NOK (+1245.6%). Net result +35.0k NOK → -10.2k NOK. Equity 33.9k NOK → 23.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADWIZO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 80.9k NOK to 1.09m NOK (+1245.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +99.6k NOK → -2 703 NOK (op. margin 123.2% → -0.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 35.0k NOK profit to a loss of 10.2k NOK. Calculated
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↓
Equity eroded
Book equity 33.9k NOK → 23.7k NOK (equity ratio 8.7% → 9.8%). Calculated
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↓
Cash fell
Bank deposits 200.5k NOK → 60.2k NOK (-70.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.10× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 852.3k NOK (0% → 78% of revenue). Calculated