FirmaIQ
Org.nr 993 092 045 2012 → 2013 Year-over-year analysis

AIRTHINGS AS: årsregnskap 2013 vs 2012

Grew 109% on revenue, weaker earnings, cash halved-plus

approved 2014-04-30; registry 2014-06-18; journal 2014 464624

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for AIRTHINGS AS. Revenue 5.03m NOK → 10.53m NOK (+109.4%). Net result +130.3k NOK → +2 101 NOK. Equity 1.18m NOK → 3.28m NOK.

On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.

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

At a glance

Scorecard

Revenue
5.03m NOK 10.53m NOK
+109.4%
Operating result
+139.9k NOK +2 100 NOK
-98.5%
Net result
+130.3k NOK +2 101 NOK
-98.4%
Equity
1.18m NOK 3.28m NOK
+177.7%
Cash
769.8k NOK 139.6k NOK
-81.9%
Total assets
2.67m NOK 4.84m NOK
+81.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.03m NOK to 10.53m NOK (+109.4% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 1.18m NOK → 3.28m NOK (equity ratio 44.3% → 67.8%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.52× → 3.09×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +139.9k NOK → +2 100 NOK (op. margin 2.8% → 0.0%). Calculated

  • ↓

    Net result weakened

    Net result +130.3k NOK → +2 101 NOK (net margin 2.6% → 0.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 769.8k NOK → 139.6k NOK (-81.9% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 508.3k NOK → 2.74m NOK (+439.8% YoY). Calculated