Org.nr 977 037 093 2022 → 2023 Year-over-year analysis

TECHSTEP ASA: årsregnskap 2023 vs 2022

Stronger earnings, fresh owner capital

approved 2024-04-29; registry 2024-08-21; journal 2024 732374

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for TECHSTEP ASA. Revenue 67.56m NOK → 70.90m NOK (+4.9%). Net result -47.98m NOK → -10.07m NOK. Equity 688.9k NOK → 692.6k NOK.

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

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for TECHSTEP ASA.

Scorecard

Revenue
67.56m NOK 70.90m NOK
+4.9%
Operating result
-50.20m NOK -4.50m NOK
+91.0%
Net result
-47.98m NOK -10.07m NOK
+79.0%
Equity
688.9k NOK 692.6k NOK
+0.5%
Cash
774.0k NOK 520.0k NOK
-32.8%
Total assets
1.02m NOK 993.85m NOK
+97672.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 67.56m NOK to 70.90m NOK (+4.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -50.20m NOK → -4.50m NOK (op. margin -74.3% → -6.3%). Calculated

  • ↑

    Net result improved

    Net result -47.98m NOK → -10.07m NOK (net margin -71.0% → -14.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 688.9k NOK → 692.6k NOK (equity ratio 67.8% → 0.1%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 305.1k NOK → 31.63m NOK (+31.32m NOK). Reported fact

What deteriorated

  • ↓

    Cash fell

    Bank deposits 774.0k NOK → 520.0k NOK (-32.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 852.35m NOK → 826.35m NOK. Reported fact