FirmaIQ
Org.nr 982 057 892 2017 → 2018 Year-over-year analysis

99X INCREO AS: årsregnskap 2018 vs 2017

Grew 13% on revenue, slipped into loss

approved 2019-04-25; registry 2019-07-27; journal 2019 804672

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 99X INCREO AS. Revenue 18.36m NOK → 20.81m NOK (+13.3%). Net result +854.4k NOK → -603.1k NOK. Equity 2.73m NOK → 1.90m NOK.

On the constructive side: revenue rose; cash rose. Pressures included: fell into a net loss; equity eroded.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 99X INCREO AS.

At a glance

Scorecard

Revenue
18.36m NOK 20.81m NOK
+13.3%
Operating result
+362.2k NOK n/m
—
Net result
+854.4k NOK -603.1k NOK
-170.6%
Equity
2.73m NOK 1.90m NOK
-30.4%
Cash
7.90m NOK 8.08m NOK
+2.3%
Total assets
11.95m NOK 12.10m NOK
+1.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 18.36m NOK to 20.81m NOK (+13.3% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 7.90m NOK → 8.08m NOK (+2.3% YoY). Calculated

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 854.4k NOK profit to a loss of 603.1k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 2.73m NOK → 1.90m NOK (equity ratio 22.8% → 15.7%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 12.00m NOK → 15.03m NOK (65% → 72% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 960.5k NOK → 1.23m NOK (+27.7% YoY). Calculated