Org.nr 918 716 297 2019 → 2020 Year-over-year analysis

9900WATT AS: årsregnskap 2020 vs 2019

Grew 17% on revenue, slipped into loss, cash halved-plus

approved 2021-09-01; registry 2021-09-06; journal 2021 724912

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 9900WATT AS. Revenue 1.64m NOK → 1.92m NOK (+17.2%). Net result +18.0k NOK → -66.8k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; cash fell.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for 9900WATT AS.

At a glance

Revenue

1.64m NOK 1.92m NOK

+17.2%

Operating result

+19.3k NOK -56.1k NOK

-391.1%

Net result

+18.0k NOK -66.8k NOK

-471.1%

Equity

n/m -53.7k NOK

—

Cash

21.9k NOK -44.5k NOK

-303.3%

Total assets

725.5k NOK 663.9k NOK

-8.5%

↑
Revenue rose

Operating income / revenue moved from 1.64m NOK to 1.92m NOK (+17.2% YoY). Calculated

↓
Operating result weakened

Operating result +19.3k NOK → -56.1k NOK (op. margin 1.2% → -2.9%). Calculated
↓
Fell into a net loss

Net result flipped from 18.0k NOK profit to a loss of 66.8k NOK. Calculated
↓
Cash fell

Bank deposits 21.9k NOK → -44.5k NOK (-303.3% YoY). Calculated

·
COGS moved

COGS / varekostnad 69.2k NOK → 1.32m NOK (+1802.3% YoY). Calculated