99X TECHNOLOGY AS: årsregnskap 2018 vs 2017
Grew 20% on revenue, weaker earnings
approved 2019-04-29; registry 2019-05-21; journal 2019 344138
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 99X TECHNOLOGY AS. Revenue 2.10m NOK → 2.53m NOK (+20.2%). Net result +143.2k NOK → +79.5k NOK. Equity 395.6k NOK → 475.2k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 99X TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.10m NOK to 2.53m NOK (+20.2% YoY). Calculated
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↑
Equity strengthened
Book equity 395.6k NOK → 475.2k NOK (equity ratio 35.8% → 61.0%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +188.3k NOK → +107.0k NOK (op. margin 9.0% → 4.2%). Calculated
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↓
Net result weakened
Net result +143.2k NOK → +79.5k NOK (net margin 6.8% → 3.1%). Calculated
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↓
Cash fell
Bank deposits 844.3k NOK → 506.3k NOK (-40.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.91m NOK → 2.34m NOK (91% → 93% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 559.2k NOK → 76.4k NOK (-86.3% YoY). Calculated