AIOT SENSE AS: årsregnskap 2020 vs 2019
Grew 244132% on revenue, stronger earnings
approved 2021-02-25; registry 2021-03-08; journal 2021 138591
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIOT SENSE AS. Revenue 1 672 NOK → 4.08m NOK (+244132.4%). Net result +444.8k NOK → +1.23m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AIOT SENSE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 672 NOK to 4.08m NOK (+244132.4% YoY). Calculated
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↑
Operating result improved
Operating result +444 NOK → +1.45m NOK (op. margin 26.6% → 35.5%). Calculated
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↑
Net result improved
Net result +444.8k NOK → +1.23m NOK (net margin 26602.2% → 30.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.77× → 3.60×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 433.3k NOK → 417.6k NOK (-3.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3 NOK → 1.35m NOK (0% → 33% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 423.2k NOK → 1 120 NOK (-99.7% YoY). Calculated