FirmaIQ
Org.nr 993 092 045 2015 → 2016 Year-over-year analysis

AIRTHINGS AS: årsregnskap 2016 vs 2015

Grew 68% on revenue, weaker earnings

approved 2017-03-23; registry 2017-05-30; journal 2017 359537

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for AIRTHINGS AS. Revenue 17.52m NOK → 29.49m NOK (+68.4%). Net result +1.53m NOK → +796.8k NOK. Equity 17.50m NOK → 18.30m NOK.

On the constructive side: revenue rose; equity strengthened. 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
17.52m NOK 29.49m NOK
+68.4%
Operating result
+1.65m NOK +577.5k NOK
-65.0%
Net result
+1.53m NOK +796.8k NOK
-47.9%
Equity
17.50m NOK 18.30m NOK
+4.6%
Cash
15.66m NOK 12.87m NOK
-17.8%
Total assets
20.71m NOK 23.06m NOK
+11.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 17.52m NOK to 29.49m NOK (+68.4% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 17.50m NOK → 18.30m NOK (equity ratio 84.5% → 79.4%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +1.65m NOK → +577.5k NOK (op. margin 9.4% → 2.0%). Calculated

  • ↓

    Net result weakened

    Net result +1.53m NOK → +796.8k NOK (net margin 8.7% → 2.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 15.66m NOK → 12.87m NOK (-17.8% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 6.76m NOK → 10.47m NOK (+54.8% YoY). Calculated