FirmaIQ
Org.nr 812 197 142 2018 → 2019 Year-over-year analysis

4X4 MEDICINE AS: årsregnskap 2019 vs 2018

Grew 294% on revenue, stronger earnings

approved 2020-06-25; registry 2020-07-21; journal 2020 616342

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 4X4 MEDICINE AS. Revenue 481.2k NOK → 1.90m NOK (+294.4%). Net result +66.4k NOK → +7.56m NOK. Equity 981.5k NOK → 8.85m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 4X4 MEDICINE AS.

At a glance

Scorecard

Revenue
481.2k NOK 1.90m NOK
+294.4%
Operating result
+861.2k NOK +728.5k NOK
-15.4%
Net result
+66.4k NOK +7.56m NOK
+11286.8%
Equity
981.5k NOK 8.85m NOK
+801.2%
Cash
155.3k NOK 476.2k NOK
+206.7%
Total assets
1.97m NOK 1.66m NOK
-15.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 481.2k NOK to 1.90m NOK (+294.4% YoY). Calculated

  • ↑

    Net result improved

    Net result +66.4k NOK → +7.56m NOK (net margin 13.8% → 398.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 981.5k NOK → 8.85m NOK (equity ratio 49.8% → 531.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 155.3k NOK → 476.2k NOK (+206.7% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.90× → 1.70×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +861.2k NOK → +728.5k NOK (op. margin 179.0% → 38.4%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 56 NOK → 256.0k NOK. Reported fact