4BIT GAMES AS: årsregnskap 2019 vs 2018
Shrank 60% on revenue, slipped into loss, cash halved-plus
approved 2020-03-30; registry 2020-04-16; journal 2020 291927
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 4BIT GAMES AS. Revenue 467.3k NOK → 188.9k NOK (-59.6%). Net result +211.8k NOK → -145.4k NOK. Equity 294.0k NOK → 148.5k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 467.3k NOK to 188.9k NOK (-59.6% YoY). Calculated
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Operating result weakened
Operating result +274.9k NOK → -141.8k NOK (op. margin 58.8% → -75.1%). Calculated
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Fell into a net loss
Net result flipped from 211.8k NOK profit to a loss of 145.4k NOK. Calculated
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Equity eroded
Book equity 294.0k NOK → 148.5k NOK (equity ratio 73.7% → 73.6%). Calculated
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Cash fell
Bank deposits 381.9k NOK → 184.6k NOK (-51.7% YoY). Calculated