FirmaIQ
Org.nr 915 606 253 2017 → 2018 Year-over-year analysis

8-BITS AS: årsregnskap 2018 vs 2017

Grew 5% on revenue, stronger earnings

approved 2019-03-27; registry 2019-04-04; journal 2019 272778

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 8-BITS AS. Revenue 455.9k NOK → 479.8k NOK (+5.2%). Net result +24.4k NOK → +101.0k NOK. Equity -70.4k NOK → 30.7k NOK.

On the constructive side: revenue rose; net result improved; equity strengthened.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for 8-BITS AS.

At a glance

Scorecard

Revenue
455.9k NOK 479.8k NOK
+5.2%
Operating result
-31.7k NOK n/m
—
Net result
+24.4k NOK +101.0k NOK
+314.0%
Equity
-70.4k NOK 30.7k NOK
+143.6%
Cash
69.9k NOK 92.2k NOK
+31.9%
Total assets
84.4k NOK 195.1k NOK
+131.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 455.9k NOK to 479.8k NOK (+5.2% YoY). Calculated

  • ↑

    Net result improved

    Net result +24.4k NOK → +101.0k NOK (net margin 5.4% → 21.1%). Calculated

  • ↑

    Equity strengthened

    Book equity -70.4k NOK → 30.7k NOK (equity ratio -83.4% → 15.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 69.9k NOK → 92.2k NOK (+31.9% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.75× → 1.02×. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2 310 NOK → 289.2k NOK (1% → 60% of revenue). Calculated