FirmaIQ
Org.nr 997 549 546 2020 → 2021 Year-over-year analysis

10XNORTH AS: årsregnskap 2021 vs 2020

Grew 15% on revenue, cash halved-plus

approved 2022-06-30; registry 2022-08-02; journal 2022 850962

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 10XNORTH AS. Revenue 4.21m NOK → 4.86m NOK (+15.5%). Net result +399.3k NOK → +321.4k NOK. Equity 12.51m NOK → 836.0k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for 10XNORTH AS.

At a glance

Scorecard

Revenue
4.21m NOK 4.86m NOK
+15.5%
Operating result
+535.1k NOK +445.9k NOK
-16.7%
Net result
+399.3k NOK +321.4k NOK
-19.5%
Equity
12.51m NOK 836.0k NOK
-93.3%
Cash
315.9k NOK 72.3k NOK
-77.1%
Total assets
1.95m NOK 1.86m NOK
-4.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.21m NOK to 4.86m NOK (+15.5% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +535.1k NOK → +445.9k NOK (op. margin 12.7% → 9.2%). Calculated

  • ↓

    Net result weakened

    Net result +399.3k NOK → +321.4k NOK (net margin 9.5% → 6.6%). Calculated

  • ↓

    Equity eroded

    Book equity 12.51m NOK → 836.0k NOK (equity ratio 642.8% → 45.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 315.9k NOK → 72.3k NOK (-77.1% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 1.82m NOK → 2.29m NOK (+25.6% YoY). Calculated