Org.nr 929 455 568 2022 → 2023 Year-over-year analysis

1X TECHNOLOGIES AS: årsregnskap 2023 vs 2022

Grew 79564% on revenue, weaker earnings, fresh owner capital

approved 2024-04-03; registry 2024-05-08; journal 2024 362110

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for 1X TECHNOLOGIES AS. Revenue 14.5k NOK → 11.59m NOK (+79564.1%). Net result -69.98m NOK → -129.30m NOK. Equity 408.3k NOK → 130.85m NOK.

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

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 1X TECHNOLOGIES AS.

Scorecard

Revenue
14.5k NOK 11.59m NOK
+79564.1%
Operating result
-70.4k NOK -133.72m NOK
-189847.2%
Net result
-69.98m NOK -129.30m NOK
-84.8%
Equity
408.3k NOK 130.85m NOK
+31946.8%
Cash
10 NOK 43.34m NOK
+433444090.0%
Total assets
104.25m NOK 184.11m NOK
+76.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 14.5k NOK to 11.59m NOK (+79564.1% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 408.3k NOK → 130.85m NOK (equity ratio 0.4% → 71.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 10 NOK → 43.34m NOK (+433444090.0% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 408.3k NOK → 130.85m NOK (+130.44m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -70.4k NOK → -133.72m NOK (op. margin -484.1% → -1154.2%). Calculated

  • ↓

    Net result weakened

    Net result -69.98m NOK → -129.30m NOK (net margin -481168.0% → -1116.0%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 30.4k NOK → 44.38m NOK (209% → 383% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 19.1k NOK → 19.12m NOK (+100140.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 749.2k NOK → 526.3k NOK. Reported fact

  • ·

    Headcount (årsverk) changed

    Reported FTEs 31 → 52. Reported fact