GLINT SOLAR AS: årsregnskap 2023 vs 2022
Grew 84% on revenue, weaker earnings
approved 2024-06-27; registry 2024-08-05; journal 2024 623426
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for GLINT SOLAR AS. Revenue 5.31m NOK → 9.75m NOK (+83.6%). Net result -3.45m NOK → -10.43m NOK. Equity 9 NOK → 19.67m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: paid-in equity reduced; payroll increased; cogs fell. All figures are taken from the published annual accounts for GLINT SOLAR AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 5.31m NOK to 9.75m NOK (+83.6% YoY). Calculated
-
↑
Equity strengthened
Book equity 9 NOK → 19.67m NOK (equity ratio 0.0% → 67.6%). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -3.55m NOK → -10.97m NOK (op. margin -66.9% → -112.5%). Calculated
-
↓
Net result weakened
Net result -3.45m NOK → -10.43m NOK (net margin -65.0% → -106.9%). Calculated
-
↓
Cash fell
Bank deposits 31.50m NOK → 24.32m NOK (-22.8% YoY). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 33.75m NOK → 33.39m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 7.11m NOK → 14.94m NOK (134% → 153% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 128.6k NOK → 54.5k NOK (-57.6% YoY). Calculated
-
·
Headcount (årsverk) changed
Reported FTEs 12 → 21. Reported fact