3DM SIMTEK AS: årsregnskap 2019 vs 2018
Grew 23% on revenue, slipped into loss, cash halved-plus
approved 2020-03-09; registry 2020-03-11; journal 2020 237556
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3DM SIMTEK AS. Revenue 89.7k NOK → 110.4k NOK (+23.1%). Net result +2 NOK → -12.0k NOK. Equity 6 196 NOK → -5 810 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 3DM SIMTEK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 89.7k NOK to 110.4k NOK (+23.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -2 171 NOK → -12.0k NOK (op. margin -2.4% → -10.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 2 NOK profit to a loss of 12.0k NOK. Calculated
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↓
Equity eroded
Book equity 6 196 NOK → -5 810 NOK (equity ratio 10.0% → -30.9%). Calculated
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↓
Cash fell
Bank deposits 61.9k NOK → 237 NOK (-99.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -30.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 84.1k NOK → 3.10m NOK (94% → 2811% of revenue). Calculated