FirmaIQ
Org.nr 989 554 786 2019 → 2020 Year-over-year analysis

ABEL DIGITAL SECURITY AS: årsregnskap 2020 vs 2019

Grew 811% on revenue, stronger earnings

approved 2021-04-07; registry 2021-04-14; journal 2021 199139

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABEL DIGITAL SECURITY AS. Revenue 43.1k NOK → 392.5k NOK (+811.2%). Net result +8 956 NOK → +177.8k NOK. Equity 176.8k NOK → 354.6k NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABEL DIGITAL SECURITY AS.

At a glance

Scorecard

Revenue
43.1k NOK 392.5k NOK
+811.2%
Operating result
-77.2k NOK +208.0k NOK
+369.5%
Net result
+8 956 NOK +177.8k NOK
+1885.6%
Equity
176.8k NOK 354.6k NOK
+100.6%
Cash
115.3k NOK 241.4k NOK
+109.4%
Total assets
401.0k NOK 386.0k NOK
-3.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 43.1k NOK to 392.5k NOK (+811.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -77.2k NOK → +208.0k NOK (op. margin -179.2% → 53.0%). Calculated

  • ↑

    Net result improved

    Net result +8 956 NOK → +177.8k NOK (net margin 20.8% → 45.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 176.8k NOK → 354.6k NOK (equity ratio 44.1% → 91.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 115.3k NOK → 241.4k NOK (+109.4% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 66.7k NOK → 139.1k NOK (+108.6% YoY). Calculated