4TEST INSTRUMENT AS: årsregnskap 2020 vs 2019
Grew 54% on revenue, cash halved-plus
approved 2021-01-25; registry 2021-01-28; journal 2021 110256
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4TEST INSTRUMENT AS. Revenue 12.10m NOK → 18.65m NOK (+54.2%). Equity 3.48m NOK → 1.35m NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 4TEST INSTRUMENT AS.
At a glance
Scorecard
Revenue
12.10m NOK
18.65m NOK
+54.2%
Operating result
-1.62m NOK
n/m
—
Net result
n/m
+872.6k NOK
—
Equity
3.48m NOK
1.35m NOK
-61.2%
Cash
563.5k NOK
239.0k NOK
-57.6%
Total assets
3.35m NOK
5.87m NOK
+74.9%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 12.10m NOK to 18.65m NOK (+54.2% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 3.48m NOK → 1.35m NOK (equity ratio 103.6% → 23.0%). Calculated
-
↓
Cash fell
Bank deposits 563.5k NOK → 239.0k NOK (-57.6% YoY). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 8.45m NOK → 13.21m NOK (+56.2% YoY). Calculated