Org.nr 914 717 914 2018 → 2019 Year-over-year analysis

AITECH AS: årsregnskap 2019 vs 2018

Shrank 52% on revenue, weaker earnings, cash halved-plus

approved 2020-07-28; registry 2020-08-26; journal 2020 712891

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AITECH AS. Revenue 1.75m NOK → 837.2k NOK (-52.2%). Net result -49.3k NOK → -62.9k NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

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

At a glance

Revenue

1.75m NOK 837.2k NOK

-52.2%

Operating result

-47.5k NOK -63.0k NOK

-32.6%

Net result

-49.3k NOK -62.9k NOK

-27.7%

Cash

292.2k NOK 15.5k NOK

-94.7%

Total assets

387.2k NOK 87.2k NOK

-77.5%

↓
Revenue fell

Operating income / revenue moved from 1.75m NOK to 837.2k NOK (-52.2% YoY). Calculated
↓
Operating result weakened

Operating result -47.5k NOK → -63.0k NOK (op. margin -2.7% → -7.5%). Calculated
↓
Net result weakened

Net result -49.3k NOK → -62.9k NOK (net margin -2.8% → -7.5%). Calculated
↓
Cash fell

Bank deposits 292.2k NOK → 15.5k NOK (-94.7% YoY). Calculated