AIRTHINGS AS: årsregnskap 2020 vs 2019
Grew 42% on revenue, weaker earnings, fresh owner capital
approved 2021-05-05; registry 2021-06-10; journal 2021 287146
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRTHINGS AS. Revenue 144.24m NOK → 205.12m NOK (+42.2%). Net result -9.06m NOK → -30.13m NOK. Equity 99.21m NOK → 8.67bn NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AIRTHINGS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 144.24m NOK to 205.12m NOK (+42.2% YoY). Calculated
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↑
Equity strengthened
Book equity 99.21m NOK → 8.67bn NOK (equity ratio 68.5% → 1161.4%). Calculated
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↑
Cash rose
Bank deposits 47.13m NOK → 525.36m NOK (+1014.7% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 92.23m NOK → 723.08m NOK (+630.85m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -16.54m NOK → -44.48m NOK (op. margin -11.5% → -21.7%). Calculated
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↓
Net result weakened
Net result -9.06m NOK → -30.13m NOK (net margin -6.3% → -14.7%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 7.17m NOK → 81.65m NOK. Reported fact