2K TECH AS: årsregnskap 2019 vs 2018
Grew 207% on revenue, slipped into loss
approved 2020-03-10; registry 2020-04-20; journal 2020 300776
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2K TECH AS. Revenue 237.0k NOK → 727.1k NOK (+206.8%). Net result +131.6k NOK → -62.6k NOK. Equity 81.9k NOK → 19.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2K TECH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 237.0k NOK to 727.1k NOK (+206.8% YoY). Calculated
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↑
Cash rose
Bank deposits 37.0k NOK → 110.1k NOK (+197.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +224.1k NOK → -69.1k NOK (op. margin 94.6% → -9.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 131.6k NOK profit to a loss of 62.6k NOK. Calculated
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↓
Equity eroded
Book equity 81.9k NOK → 19.2k NOK (equity ratio 27.6% → 7.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation