99X TECHNOLOGY AS: årsregnskap 2022 vs 2021
Grew 2139% on revenue, stronger earnings
approved 2023-06-30; registry 2023-07-15; journal 2023 617773
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 99X TECHNOLOGY AS. Revenue 2.19m NOK → 48.92m NOK (+2138.9%). Net result +549.5k NOK → +29.99m NOK. Equity -401.9k NOK → 29.59m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
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 2.19m NOK to 48.92m NOK (+2138.9% YoY). Calculated
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Net result improved
Net result +549.5k NOK → +29.99m NOK (net margin 25.1% → 61.3%). Calculated
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↑
Equity strengthened
Book equity -401.9k NOK → 29.59m NOK (equity ratio -73.9% → 62.5%). Calculated
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Cash rose
Bank deposits 374.9k NOK → 27.77m NOK (+7307.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.14× → 2.61×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +573.5k NOK → +38.8k NOK (op. margin 26.2% → 0.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.13m NOK → 2.75m NOK (97% → 6% of revenue). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 0.08 → 1.42. Reported fact