Org.nr 878 703 812 2018 → 2019 Year-over-year analysis

3 STEP IT AS: årsregnskap 2019 vs 2018

Grew 375% on revenue, cash halved-plus

approved 2020-04-14; registry 2020-05-14; journal 2020 355715

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 3 STEP IT AS. Revenue 540.32m NOK → 2.56bn NOK (+374.7%). Equity 13.56m NOK → 13.56m NOK.

On the constructive side: revenue rose. Pressures included: cash fell.

Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3 STEP IT AS.

At a glance

Revenue

540.32m NOK 2.56bn NOK

+374.7%

Operating result

n/m +15.79m NOK

—

Net result

n/m +12.10m NOK

—

Equity

13.56m NOK 13.56m NOK

0.0%

Cash

46.74m NOK 8.10m NOK

-82.7%

Total assets

91.25m NOK 99.75m NOK

+9.3%

↑
Revenue rose

Operating income / revenue moved from 540.32m NOK to 2.56bn NOK (+374.7% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (46.74m NOK → 8.10m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Payroll increased

Salary cost 24.05m NOK → 26.21m NOK (4% → 1% of revenue). Calculated
·
COGS moved

COGS / varekostnad 484.96m NOK → 504.72m NOK (+4.1% YoY). Calculated
·
Book investments changed

Investment / intangible book value 1.10m NOK → 71.6k NOK. Reported fact