99X SOLUTIONS AS: årsregnskap 2022 vs 2021
Shrank 9% on revenue, weaker earnings
approved 2023-07-06; registry 2023-08-15; journal 2023 682691
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 99X SOLUTIONS AS. Revenue 58.02m NOK → 52.83m NOK (-8.9%). Net result +13.86m NOK → +6.06m NOK. Equity 9.76m NOK → 15.82m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for 99X SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 9.76m NOK → 15.82m NOK (equity ratio 45.7% → 55.2%). Calculated
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↑
Cash rose
Bank deposits 10.80m NOK → 18.22m NOK (+68.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 58.02m NOK to 52.83m NOK (-8.9% YoY). Calculated
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↓
Operating result weakened
Operating result +17.78m NOK → +7.82m NOK (op. margin 30.7% → 14.8%). Calculated
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↓
Net result weakened
Net result +13.86m NOK → +6.06m NOK (net margin 23.9% → 11.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 12.71m NOK → 16.03m NOK (22% → 30% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 24.36m NOK → 21.74m NOK (-10.7% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 10 → 11. Reported fact