FirmaIQ
Org.nr 812 874 322 2016 → 2017 Year-over-year analysis

99X TECHNOLOGY AS: årsregnskap 2017 vs 2016

Grew 33% on revenue, stronger earnings

approved 2018-05-31; registry 2018-06-09; journal 2018 442612

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 99X TECHNOLOGY AS. Revenue 1.58m NOK → 2.10m NOK (+32.8%). Net result +82.1k NOK → +143.2k NOK. Equity 252.5k NOK → 395.6k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

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

At a glance

Scorecard

Revenue
1.58m NOK 2.10m NOK
+32.8%
Operating result
+115.4k NOK +188.3k NOK
+63.1%
Net result
+82.1k NOK +143.2k NOK
+74.4%
Equity
252.5k NOK 395.6k NOK
+56.7%
Cash
1.02m NOK 844.3k NOK
-17.0%
Total assets
2.10m NOK 1.10m NOK
-47.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.58m NOK to 2.10m NOK (+32.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +115.4k NOK → +188.3k NOK (op. margin 7.3% → 9.0%). Calculated

  • ↑

    Net result improved

    Net result +82.1k NOK → +143.2k NOK (net margin 5.2% → 6.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 252.5k NOK → 395.6k NOK (equity ratio 12.0% → 35.8%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.02m NOK → 844.3k NOK (-17.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1 652 NOK → 1.91m NOK (0% → 91% of revenue). Calculated