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Org.nr 980 832 708 2018 → 2019 Year-over-year analysis

EQVA ASA: årsregnskap 2019 vs 2018

Grew 16% on revenue, weaker earnings

approved 2020-07-05; registry 2020-10-03; journal 2020 892492

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for EQVA ASA. Revenue 63.81m NOK → 73.86m NOK (+15.8%). Net result -192.73m NOK → -363.16m NOK. Equity 13 NOK → 1.45m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for EQVA ASA.

At a glance

Scorecard

Revenue
63.81m NOK 73.86m NOK
+15.8%
Operating result
-119.08m NOK -367.61m NOK
-208.7%
Net result
-192.73m NOK -363.16m NOK
-88.4%
Equity
13 NOK 1.45m NOK
+11118838.5%
Cash
2.56m NOK 59.41m NOK
+2216.7%
Total assets
315.66m NOK 268.08m NOK
-15.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 63.81m NOK to 73.86m NOK (+15.8% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 13 NOK → 1.45m NOK (equity ratio 0.0% → 0.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.56m NOK → 59.41m NOK (+2216.7% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -119.08m NOK → -367.61m NOK (op. margin -186.6% → -497.7%). Calculated

  • ↓

    Net result weakened

    Net result -192.73m NOK → -363.16m NOK (net margin -302.1% → -491.7%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 31.79m NOK → 33.56m NOK (50% → 45% of revenue). Calculated