FirmaIQ
Org.nr 988 578 932 2018 → 2019 Year-over-year analysis

SMARTDOK AS: årsregnskap 2019 vs 2018

Grew 39% on revenue, returned to profit

approved 24.03.2020; registry 30.03.2020; journal 2020 263757

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for SMARTDOK AS. Revenue 42.61m NOK → 59.35m NOK (+39.3%). Net result -1.36m NOK → +8.36m NOK. Equity 2.63m NOK → 11.00m NOK.

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

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for SMARTDOK AS.

At a glance

Scorecard

Revenue
42.61m NOK 59.35m NOK
+39.3%
Operating result
+5.80m NOK +15.82m NOK
+172.7%
Net result
-1.36m NOK +8.36m NOK
+714.3%
Equity
2.63m NOK 11.00m NOK
+317.6%
Cash
21.89m NOK 37.34m NOK
+70.6%
Total assets
31.19m NOK 48.96m NOK
+57.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 42.61m NOK to 59.35m NOK (+39.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +5.80m NOK → +15.82m NOK (op. margin 13.6% → 26.6%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 1.36m NOK to a profit of 8.36m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 2.63m NOK → 11.00m NOK (equity ratio 8.4% → 22.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 21.89m NOK → 37.34m NOK (+70.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 18.93m NOK → 23.65m NOK (44% → 40% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 7.78m NOK → 7.75m NOK (-0.4% YoY). Calculated