MITIGRATE AS: årsregnskap 2023 vs 2022
Shrank 41% on revenue, returned to profit, cash halved-plus
approved 2024-06-25; registry 2024-06-29; journal 2024 568316
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for MITIGRATE AS. Revenue 507.5k NOK → 297.7k NOK (-41.3%). Net result -117.0k NOK → +255.6k NOK. Equity 3.66m NOK → 8.09m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for MITIGRATE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -164.3k NOK → +338.2k NOK (op. margin -32.4% → 113.6%). Calculated
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Turned profitable
Net result flipped from a loss of 117.0k NOK to a profit of 255.6k NOK. Calculated
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Equity strengthened
Book equity 3.66m NOK → 8.09m NOK (equity ratio 115.3% → 93.7%). Calculated
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Current ratio back above 1×
Current ratio -1.07× → 1.25×. Calculated
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Owners injected capital
Paid-in equity rose 4.34m NOK → 6.52m NOK (+2.18m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 507.5k NOK to 297.7k NOK (-41.3% YoY). Calculated
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Cash fell
Bank deposits 513.4k NOK → 89.5k NOK (-82.6% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 98.1k NOK → -279.0k NOK (-384.3% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 5.8 → 4.4. Reported fact