AITECH AS: årsregnskap 2020 vs 2019
Shrank 71% on revenue, returned to profit
approved 2021-08-04; registry 2021-08-07; journal 2021 614278
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AITECH AS. Revenue 837.2k NOK → 239.2k NOK (-71.4%). Net result -62.9k NOK → +86.9k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AITECH AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -63.0k NOK → +94.4k NOK (op. margin -7.5% → 39.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 62.9k NOK to a profit of 86.9k NOK. Calculated
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↑
Cash rose
Bank deposits 15.5k NOK → 82.6k NOK (+431.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 837.2k NOK to 239.2k NOK (-71.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 25.1k NOK → 9 735 NOK (-61.2% YoY). Calculated