Org.nr 999 642 381 2021 → 2022 Year-over-year analysis

NORDIC UNMANNED ASA: årsregnskap 2022 vs 2021

Shrank 86% on revenue, stronger earnings, cash halved-plus

approved 2023-05-05; registry 2023-07-12; journal 2023 570879

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for NORDIC UNMANNED ASA. Revenue 96.55m NOK → 13.18m NOK (-86.3%). Net result -29.03m NOK → -18.58m NOK. Equity 5.30bn NOK → 23.67m NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for NORDIC UNMANNED ASA.

Scorecard

Revenue
96.55m NOK 13.18m NOK
-86.3%
Operating result
-37.72m NOK -14.57m NOK
+61.4%
Net result
-29.03m NOK -18.58m NOK
+36.0%
Equity
5.30bn NOK 23.67m NOK
-99.6%
Cash
50.04m NOK 415.2k NOK
-99.2%
Total assets
437.51m NOK 44.03m NOK
-89.9%

What improved

  • ↑

    Operating result improved

    Operating result -37.72m NOK → -14.57m NOK (op. margin -39.1% → -110.5%). Calculated

  • ↑

    Net result improved

    Net result -29.03m NOK → -18.58m NOK (net margin -30.1% → -140.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 96.55m NOK to 13.18m NOK (-86.3% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 5.30bn NOK → 23.67m NOK (equity ratio 1211.5% → 53.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 50.04m NOK → 415.2k NOK (-99.2% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (50.04m NOK → 415.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 356.59m NOK → 50.32m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 28.23m NOK → 1.72m NOK (-93.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 103.04m NOK → 12.39m NOK. Reported fact