150 YARDS AHEAD AS: årsregnskap 2019 vs 2018
Grew 15% on revenue, returned to profit
approved 2020-10-01; registry 2020-10-19; journal 2020 953247
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 150 YARDS AHEAD AS. Revenue 300.1k NOK → 345.9k NOK (+15.3%). Net result -518.3k NOK → +127.3k NOK. Equity -693.6k NOK → -566.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 150 YARDS AHEAD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 300.1k NOK to 345.9k NOK (+15.3% YoY). Calculated
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Operating result improved
Operating result -513.8k NOK → +154.4k NOK (op. margin -171.2% → 44.6%). Calculated
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Turned profitable
Net result flipped from a loss of 518.3k NOK to a profit of 127.3k NOK. Calculated
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Equity strengthened
Book equity -693.6k NOK → -566.3k NOK (equity ratio -21899.5% → -1574.0%). Calculated
Things to notice
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COGS fell
COGS / varekostnad 542.6k NOK → 56.4k NOK (-89.6% YoY). Calculated