FirmaIQ
Org.nr 993 092 045 2018 → 2019 Year-over-year analysis

AIRTHINGS AS: årsregnskap 2019 vs 2018

Grew 43% on revenue, slipped into loss, fresh owner capital

approved 2020-03-19; registry 2020-03-28; journal 2020 261881

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AIRTHINGS AS. Revenue 100.61m NOK → 144.24m NOK (+43.4%). Net result +5.79m NOK → -9.06m NOK. Equity 50.86m NOK → 99.21m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: fell into a net loss.

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

At a glance

Scorecard

Revenue
100.61m NOK 144.24m NOK
+43.4%
Operating result
n/m -16.54m NOK
—
Net result
+5.79m NOK -9.06m NOK
-256.4%
Equity
50.86m NOK 99.21m NOK
+95.1%
Cash
11.44m NOK 47.13m NOK
+312.1%
Total assets
74.35m NOK 144.80m NOK
+94.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 100.61m NOK to 144.24m NOK (+43.4% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 50.86m NOK → 99.21m NOK (equity ratio 68.4% → 68.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 11.44m NOK → 47.13m NOK (+312.1% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 37.50m NOK → 92.23m NOK (+54.73m NOK). Reported fact

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 5.79m NOK profit to a loss of 9.06m NOK. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 28.47m NOK → 38.90m NOK (+36.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 54.3k NOK → 7.17m NOK. Reported fact