Org.nr 924 506 768 2022 → 2023 Year-over-year analysis

AIRECOGNISE AS: årsregnskap 2023 vs 2022

Shrank 60% on revenue, weaker earnings, cash halved-plus

approved 2024-06-15; registry 2024-06-19; journal 2024 519502

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for AIRECOGNISE AS. Revenue 716.0k NOK → 288.4k NOK (-59.7%). Net result +263.8k NOK → +114 NOK. Equity 266.5k NOK → 380.5k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

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

Scorecard

Revenue
716.0k NOK 288.4k NOK
-59.7%
Operating result
+331.7k NOK +147.1k NOK
-55.6%
Net result
+263.8k NOK +114 NOK
-100.0%
Equity
266.5k NOK 380.5k NOK
+42.8%
Cash
463.7k NOK 195.5k NOK
-57.9%
Total assets
474.4k NOK 412.3k NOK
-13.1%

What improved

  • ↑

    Equity strengthened

    Book equity 266.5k NOK → 380.5k NOK (equity ratio 56.2% → 92.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 716.0k NOK to 288.4k NOK (-59.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +331.7k NOK → +147.1k NOK (op. margin 46.3% → 51.0%). Calculated

  • ↓

    Net result weakened

    Net result +263.8k NOK → +114 NOK (net margin 36.8% → 0.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 463.7k NOK → 195.5k NOK (-57.9% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 226.1k NOK → 38.6k NOK (-82.9% YoY). Calculated