10XNORTH AS: årsregnskap 2019 vs 2018
Shrank 18% on revenue, slipped into loss
approved 2020-05-19; registry 2020-06-04; journal 2020 387694
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 10XNORTH AS. Revenue 3.70m NOK → 3.03m NOK (-18.2%). Net result +14.4k NOK → -23.0k NOK. Equity 171.5k NOK → 12.15m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 10XNORTH AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 171.5k NOK → 12.15m NOK (equity ratio 12.7% → 1008.3%). Calculated
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↑
Payroll decreased
Salary cost 396.2k NOK → 1 NOK (11% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.70m NOK to 3.03m NOK (-18.2% YoY). Calculated
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↓
Operating result weakened
Operating result +11.2k NOK → -4 799 NOK (op. margin 0.3% → -0.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 14.4k NOK profit to a loss of 23.0k NOK. Calculated
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↓
Cash fell
Bank deposits 377.3k NOK → 324.1k NOK (-14.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.78m NOK → 1.17m NOK (-34.2% YoY). Calculated