Org.nr 924 895 772 2020 → 2021 Year-over-year analysis

GLINT SOLAR AS: årsregnskap 2021 vs 2020

Grew 206758% on revenue, returned to profit, fresh owner capital

approved 2022-03-29; registry 2022-05-21; journal 2022 318064

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for GLINT SOLAR AS. Revenue 1 867 NOK → 3.86m NOK (+206758.4%). Net result -227.5k NOK → +184.9k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

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

Scorecard

Revenue
1 867 NOK 3.86m NOK
+206758.4%
Operating result
-212.1k NOK +162.6k NOK
+176.7%
Net result
-227.5k NOK +184.9k NOK
+181.3%
Equity
n/m 30262.42bn NOK
—
Cash
1 322 NOK 5.29m NOK
+400333.9%
Total assets
1.32m NOK 5.61m NOK
+323.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 867 NOK to 3.86m NOK (+206758.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -212.1k NOK → +162.6k NOK (op. margin -11357.8% → 4.2%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 227.5k NOK to a profit of 184.9k NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 1 322 NOK → 5.29m NOK (+400333.9% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 30.0k NOK → 12.16m NOK (+12.13m NOK). Reported fact

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 585.5k NOK → 519.4k NOK (-11.3% YoY). Calculated