99X TECHNOLOGY AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-05-18; registry 2021-06-23; journal 2021 400079
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 99X TECHNOLOGY AS. Revenue 1.58m NOK → 1.51m NOK (-4.7%). Net result -617.2k NOK → -809.4k NOK. Equity 11 NOK → -951.4k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 99X TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 186.5k NOK → 328.2k NOK (+76.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.82× → 1.07×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.58m NOK to 1.51m NOK (-4.7% YoY). Calculated
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↓
Operating result weakened
Operating result -618.0k NOK → -649.1k NOK (op. margin -39.1% → -43.1%). Calculated
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↓
Net result weakened
Net result -617.2k NOK → -809.4k NOK (net margin -39.0% → -53.7%). Calculated
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↓
Equity eroded
Book equity 11 NOK → -951.4k NOK (equity ratio 0.0% → -148.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -148.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation