AIRGENIC AS: årsregnskap 2018 vs 2017
Grew 49% on revenue, slipped into loss, cash halved-plus
approved 2019-06-29; registry 2019-07-16; journal 2019 720646
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AIRGENIC AS. Revenue 4.39m NOK → 6.55m NOK (+49.4%). Net result +137.7k NOK → -183.7k NOK. Equity 2.44m NOK → 2.26m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRGENIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.39m NOK to 6.55m NOK (+49.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +189.4k NOK → -160.1k NOK (op. margin 4.3% → -2.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 137.7k NOK profit to a loss of 183.7k NOK. Calculated
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↓
Equity eroded
Book equity 2.44m NOK → 2.26m NOK (equity ratio 78.0% → 71.9%). Calculated
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↓
Cash fell
Bank deposits 1.19m NOK → 166.0k NOK (-86.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.19m NOK → 166.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 2.41m NOK → 2.78m NOK (55% → 42% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.03m NOK → 3.02m NOK (+192.8% YoY). Calculated