10FOLD AS: årsregnskap 2022 vs 2021
Grew 1368% on revenue, returned to profit
approved 2023-05-09; registry 2023-05-22; journal 2023 417111
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 10FOLD AS. Revenue 85.0k NOK → 1.25m NOK (+1367.7%). Net result -113.5k NOK → +1 099 NOK. Equity 59.7k NOK → 60.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 10FOLD AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 85.0k NOK to 1.25m NOK (+1367.7% YoY). Calculated
-
↑
Operating result improved
Operating result -113.4k NOK → +1 081 NOK (op. margin -133.4% → 0.1%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 113.5k NOK to a profit of 1 099 NOK. Calculated
-
↑
Equity strengthened
Book equity 59.7k NOK → 60.8k NOK (equity ratio 13.5% → 15.6%). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 423.8k NOK → 371.6k NOK (-12.3% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 2.79m NOK → 2.93m NOK (3284% → 235% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 80.0k NOK → 10.0k NOK (-87.5% YoY). Calculated