1X TECHNOLOGIES AS: årsregnskap 2022 vs 2021
Grew 6826% on revenue, slipped into loss, cash halved-plus
approved 2023-05-12; registry 2023-06-10; journal 2023 434170
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 1X TECHNOLOGIES AS. Revenue 210 NOK → 14.5k NOK (+6825.7%). Net result 0 NOK → -69.98m NOK. Equity 0 NOK → 408.3k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for 1X TECHNOLOGIES AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 210 NOK to 14.5k NOK (+6825.7% YoY). Calculated
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↑
Equity strengthened
Book equity 0 NOK → 408.3k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +885 NOK → -70.4k NOK (op. margin 421.4% → -484.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 0 NOK profit to a loss of 69.98m NOK. Calculated
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↓
Cash fell
Bank deposits 22.31m NOK → 10 NOK (-100.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (22.31m NOK → 10 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 102 NOK → 30.4k NOK (49% → 209% of revenue). Calculated
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COGS moved
COGS / varekostnad 158 NOK → 19.1k NOK (+11974.7% YoY). Calculated