99X TECHNOLOGY AS: årsregnskap 2021 vs 2020
Grew 45% on revenue, returned to profit
approved 2022-06-20; registry 2022-06-29; journal 2022 552927
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 99X TECHNOLOGY AS. Revenue 1.51m NOK → 2.19m NOK (+45.1%). Net result -809.4k NOK → +549.5k NOK. Equity -951.4k NOK → -401.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; headcount (årsverk) changed. 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 1.51m NOK to 2.19m NOK (+45.1% YoY). Calculated
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↑
Operating result improved
Operating result -649.1k NOK → +573.5k NOK (op. margin -43.1% → 26.2%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 809.4k NOK to a profit of 549.5k NOK. Calculated
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↑
Equity strengthened
Book equity -951.4k NOK → -401.9k NOK (equity ratio -148.6% → -73.9%). Calculated
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↑
Cash rose
Bank deposits 328.2k NOK → 374.9k NOK (+14.2% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.07× → 0.14× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 0 NOK → 2.13m NOK (0% → 97% of revenue). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 0 → 0.08. Reported fact