99X TECHNOLOGY AS: årsregnskap 2023 vs 2022
Grew 185% on revenue, weaker earnings, cash halved-plus
approved 2024-06-27; registry 2024-08-08; journal 2024 692077
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 99X TECHNOLOGY AS. Revenue 48.92m NOK → 139.64m NOK (+185.4%). Net result +29.99m NOK → +16.80m NOK. Equity 29.59m NOK → 42.06m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments 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 48.92m NOK to 139.64m NOK (+185.4% YoY). Calculated
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↑
Operating result improved
Operating result +38.8k NOK → +19.09m NOK (op. margin 0.1% → 13.7%). Calculated
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↑
Equity strengthened
Book equity 29.59m NOK → 42.06m NOK (equity ratio 62.5% → 56.3%). Calculated
What deteriorated
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↓
Net result weakened
Net result +29.99m NOK → +16.80m NOK (net margin 61.3% → 12.0%). Calculated
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↓
Cash fell
Bank deposits 27.77m NOK → 1.29m NOK (-95.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (27.77m NOK → 1.29m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 74.97m NOK → 109.96m NOK (+46.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 737.2k NOK. Reported fact