Org.nr 989 554 786 2020 → 2021 Year-over-year analysis

ABEL DIGITAL SECURITY AS: årsregnskap 2021 vs 2020

Grew 96% on revenue, stronger earnings

approved 2022-05-25; registry 2022-05-30; journal 2022 362284

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ABEL DIGITAL SECURITY AS. Revenue 392.5k NOK → 770.8k NOK (+96.4%). Net result +177.8k NOK → +352.6k NOK. Equity 354.6k NOK → 354.6k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for ABEL DIGITAL SECURITY AS.

Scorecard

Revenue
392.5k NOK 770.8k NOK
+96.4%
Operating result
+208.0k NOK +438.9k NOK
+111.0%
Net result
+177.8k NOK +352.6k NOK
+98.3%
Equity
354.6k NOK 354.6k NOK
0.0%
Cash
241.4k NOK 236.4k NOK
-2.1%
Total assets
386.0k NOK 806.7k NOK
+109.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 392.5k NOK to 770.8k NOK (+96.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +208.0k NOK → +438.9k NOK (op. margin 53.0% → 56.9%). Calculated

  • ↑

    Net result improved

    Net result +177.8k NOK → +352.6k NOK (net margin 45.3% → 45.7%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 241.4k NOK → 236.4k NOK (-2.1% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 139.1k NOK → 306.8k NOK (+120.6% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 1 → 0. Reported fact