FirmaIQ
Org.nr 974 529 459 2022 → 2023 Year-over-year analysis

OTELLO CORPORATION ASA: årsregnskap 2023 vs 2022

Shrank 100% on revenue, weaker earnings

approved 2024-06-02; registry 2024-07-18; journal 2024 585789

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for OTELLO CORPORATION ASA. Revenue 200.0k NOK → 213 NOK (-99.9%). Net result +20.30m NOK → +7.56m NOK. Equity 26.20m NOK → 27.68m NOK.

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

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for OTELLO CORPORATION ASA.

At a glance

Scorecard

Revenue
200.0k NOK 213 NOK
-99.9%
Operating result
-3.80m NOK -4.08m NOK
-7.3%
Net result
+20.30m NOK +7.56m NOK
-62.8%
Equity
26.20m NOK 27.68m NOK
+5.6%
Cash
15.00m NOK 9.85m NOK
-34.3%
Total assets
108.60m NOK 108.23m NOK
-0.3%

What improved

  • ↑

    Equity strengthened

    Book equity 26.20m NOK → 27.68m NOK (equity ratio 24.1% → 25.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 200.0k NOK to 213 NOK (-99.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -3.80m NOK → -4.08m NOK (op. margin -1900.0% → -1915023.5%). Calculated

  • ↓

    Net result weakened

    Net result +20.30m NOK → +7.56m NOK (net margin 10150.0% → 3549765.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 15.00m NOK → 9.85m NOK (-34.3% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 14.09× → 0.13× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 115.00m NOK → 112.35m NOK — check capital reduction, conversion, or reclassification. Interpretation