FirmaIQ
Org.nr 922 667 489 2019 → 2020 Year-over-year analysis

ACCELERATE SOFTWARE AS: årsregnskap 2020 vs 2019

Shrank 90% on revenue, slipped into loss, cash halved-plus

registry 2021-06-07; journal 2021 393743

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACCELERATE SOFTWARE AS. Revenue 41.0k NOK → 4 000 NOK (-90.2%). Net result +20.5k NOK → -18.6k NOK. Equity 45.0k NOK → 26.3k NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
41.0k NOK 4 000 NOK
-90.2%
Operating result
+24.7k NOK -22.8k NOK
-192.2%
Net result
+20.5k NOK -18.6k NOK
-190.7%
Equity
45.0k NOK 26.3k NOK
-41.4%
Cash
44.2k NOK 17.1k NOK
-61.2%
Total assets
49.2k NOK 22.1k NOK
-55.0%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 41.0k NOK to 4 000 NOK (-90.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +24.7k NOK → -22.8k NOK (op. margin 60.4% → -570.1%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 20.5k NOK profit to a loss of 18.6k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 45.0k NOK → 26.3k NOK (equity ratio 91.4% → 119.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 44.2k NOK → 17.1k NOK (-61.2% YoY). Calculated