FirmaIQ
Org.nr 989 890 832 2020 → 2021 Year-over-year analysis

99X SOLUTIONS AS: årsregnskap 2021 vs 2020

Grew 80% on revenue, stronger earnings

approved 2022-06-24; registry 2022-06-29; journal 2022 536276

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 99X SOLUTIONS AS. Revenue 32.16m NOK → 58.02m NOK (+80.4%). Net result +5.38m NOK → +13.86m NOK. Equity 10.10m NOK → 9.76m NOK.

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

Also worth watching: payroll increased; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for 99X SOLUTIONS AS.

At a glance

Scorecard

Revenue
32.16m NOK 58.02m NOK
+80.4%
Operating result
+7.01m NOK +17.78m NOK
+153.8%
Net result
+5.38m NOK +13.86m NOK
+157.4%
Equity
10.10m NOK 9.76m NOK
-3.4%
Cash
10.39m NOK 10.80m NOK
+4.0%
Total assets
17.27m NOK 21.33m NOK
+23.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 32.16m NOK to 58.02m NOK (+80.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +7.01m NOK → +17.78m NOK (op. margin 21.8% → 30.7%). Calculated

  • ↑

    Net result improved

    Net result +5.38m NOK → +13.86m NOK (net margin 16.7% → 23.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 10.39m NOK → 10.80m NOK (+4.0% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 10.10m NOK → 9.76m NOK (equity ratio 58.5% → 45.7%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 10.01m NOK → 12.71m NOK (31% → 22% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 12.32m NOK → 24.36m NOK (+97.7% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 5 → 10. Reported fact