FirmaIQ
Org.nr 997 549 546 2019 → 2020 Year-over-year analysis

10XNORTH AS: årsregnskap 2020 vs 2019

Grew 39% on revenue, returned to profit

approved 2021-08-26; registry 2021-09-01; journal 2021 708244

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 10XNORTH AS. Revenue 3.03m NOK → 4.21m NOK (+39.0%). Net result -23.0k NOK → +399.3k NOK. Equity 12.15m NOK → 12.51m NOK.

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

Also worth watching: cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for 10XNORTH AS.

At a glance

Scorecard

Revenue
3.03m NOK 4.21m NOK
+39.0%
Operating result
-4 799 NOK +535.1k NOK
+11250.0%
Net result
-23.0k NOK +399.3k NOK
+1838.6%
Equity
12.15m NOK 12.51m NOK
+3.0%
Cash
324.1k NOK 315.9k NOK
-2.5%
Total assets
1.20m NOK 1.95m NOK
+61.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.03m NOK to 4.21m NOK (+39.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -4 799 NOK → +535.1k NOK (op. margin -0.2% → 12.7%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 23.0k NOK to a profit of 399.3k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 12.15m NOK → 12.51m NOK (equity ratio 1008.3% → 642.8%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 324.1k NOK → 315.9k NOK (-2.5% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 1.17m NOK → 1.82m NOK (+55.5% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 2 → 1. Reported fact