FirmaIQ
Org.nr 923 569 839 2022 → 2023 Year-over-year analysis

.EAGL TECHNOLOGIES AS: årsregnskap 2023 vs 2022

Grew 7495% on revenue, stronger earnings, cash halved-plus

approved 2024-06-25; registry 2024-07-04; journal 2024 600303

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for .EAGL TECHNOLOGIES AS. Revenue 23.8k NOK → 1.81m NOK (+7495.3%). Net result -5.02m NOK → -1.43m NOK. Equity -2.95m NOK → -4.39m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for .EAGL TECHNOLOGIES AS.

At a glance

Scorecard

Revenue
23.8k NOK 1.81m NOK
+7495.3%
Operating result
-4.77m NOK -986.9k NOK
+79.3%
Net result
-5.02m NOK -1.43m NOK
+71.5%
Equity
-2.95m NOK -4.39m NOK
-48.7%
Cash
1.91m NOK 204.8k NOK
-89.3%
Total assets
4.56m NOK 3.83m NOK
-15.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 23.8k NOK to 1.81m NOK (+7495.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -4.77m NOK → -986.9k NOK (op. margin -20021.3% → -54.5%). Calculated

  • ↑

    Net result improved

    Net result -5.02m NOK → -1.43m NOK (net margin -21074.4% → -79.2%). Calculated

  • ↑

    Payroll decreased

    Salary cost 4.00m NOK → 1.25m NOK (16785% → 69% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -2.95m NOK → -4.39m NOK (equity ratio -64.8% → -114.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.91m NOK → 204.8k NOK (-89.3% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 2.81× → 0.63× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -114.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.91m NOK → 204.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 5.89m NOK → 5.88m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS moved

    COGS / varekostnad -107.2k NOK → 41.3k NOK (+138.5% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 7 → 6. Reported fact