8-BITS AS: årsregnskap 2019 vs 2018
Grew 23% on revenue, weaker earnings
approved 2020-03-17; registry 2020-03-23; journal 2020 253747
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 8-BITS AS. Revenue 479.8k NOK → 590.8k NOK (+23.1%). Net result +101.0k NOK → +20.5k NOK. Equity 30.7k NOK → 51.2k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 8-BITS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 479.8k NOK to 590.8k NOK (+23.1% YoY). Calculated
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↑
Equity strengthened
Book equity 30.7k NOK → 51.2k NOK (equity ratio 15.7% → 42.7%). Calculated
What deteriorated
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↓
Net result weakened
Net result +101.0k NOK → +20.5k NOK (net margin 21.1% → 3.5%). Calculated
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↓
Cash fell
Bank deposits 92.2k NOK → 82.4k NOK (-10.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 289.2k NOK → 433.8k NOK (60% → 73% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 11.2k NOK → 1 728 NOK (-84.6% YoY). Calculated