3TEKK AS: årsregnskap 2019 vs 2018
Grew 643% on revenue, slipped into loss
approved 2020-04-27; registry 2020-04-29; journal 2020 318015
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3TEKK AS. Revenue 353.4k NOK → 2.62m NOK (+642.6%). Net result +196.6k NOK → -23.8k NOK. Equity -200.6k NOK → -224.4k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 3TEKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 353.4k NOK to 2.62m NOK (+642.6% YoY). Calculated
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↑
Cash rose
Bank deposits 1 448 NOK → 90.2k NOK (+6130.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +247.6k NOK → -29.4k NOK (op. margin 70.1% → -1.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 196.6k NOK profit to a loss of 23.8k NOK. Calculated
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↓
Equity eroded
Book equity -200.6k NOK → -224.4k NOK (equity ratio -177.6% → -71.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 692.4k NOK → 1.85m NOK (196% → 70% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 770.2k NOK → 608.6k NOK (-21.0% YoY). Calculated