NorCom IT

OverviewSuggest Edit

We are experts in Big Data, Big Infrastructure and Multimedia providing customized solutions and comprehensive consulting services through our Asset Based Consulting business model. It is this so-called Asset Based Consulting that enabled us more than 25 years ago to succeed in the banking sector – and nowadays we enlarged our expertise to the fast growing areas of Big Data, Multimedia, and Cloud Computing. NorCom may rely on its sound balance sheet structure, healthy liquidity and no bank liabilities, as well as its competitive order backlog.
TypePublic
Founded1989
HQMünchen, DE
Websitenorcom.de
Employee Ratings3

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Latest Updates

Employees (est.) (Jun 2022)52(+2%)
Revenue (FY, 2021)€9.6 M(-5%)
Share Price (Jul 2022)€6.6(+9%)
Cybersecurity ratingBMore
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NorCom IT Office Locations

NorCom IT has offices in München, Fellbach and Nürnberg
München, DE (HQ)
4 Gabelsbergerstraße
Fellbach, DE
Erich-Herion-Straße 6
Nürnberg, DE
Hauptmarkt 10
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NorCom IT Financials and Metrics

NorCom IT Revenue

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NorCom IT's revenue was reported to be €9.55 m in FY, 2021
EUR

Revenue (FY, 2021)

9.6m

Gross profit (FY, 2021)

4.5m

Gross profit margin (FY, 2021), %

46.6%

Net income (FY, 2021)

(827.0k)

EBITDA (FY, 2021)

91.0k

EBIT (FY, 2021)

(329.0k)

Market capitalization (29-Jul-2022)

13.7m

Closing stock price (29-Jul-2022)

6.6

Cash (31-Dec-2021)

3.3m

EV

13.2m
NorCom IT's current market capitalization is €13.7 m.
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

11.8m11.9m10.1m9.6m

Cost of goods sold

(4.8m)(6.0m)(6.0m)(5.2m)

Gross profit

7.0m6.0m4.2m4.5m

Gross profit Margin, %

59%50%41%47%
Half Year
EURH1, 2019H1, 2020H1, 2021

Revenue

7.0m5.9m5.4m

Cost of goods sold

(3.5m)(3.3m)(3.1m)

Gross profit

3.6m2.8m2.4m

Gross profit Margin, %

51%47%44%
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Cash

4.7m4.5m4.5m3.3m

Accounts Receivable

3.7m2.8m1.5m1.4m

Prepaid Expenses

50.0k84.0k103.0k29.0k

Inventories

202.0k418.0k
Half Year
EURH1, 2019H1, 2020H1, 2021

Cash

5.0m4.7m3.3m

Accounts Receivable

2.5m1.9m1.5m

Inventories

347.0k
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

660.0k(383.0k)164.0k(827.0k)

Depreciation and Amortization

227.0k1.9m338.0k420.0k

Accounts Payable

(125.0k)(156.0k)(224.0k)
Half Year
EURH1, 2019H1, 2020H1, 2021

Net Income

345.0k(55.0k)(224.0k)

Depreciation and Amortization

354.0k168.0k230.0k

Accounts Payable

2.6m(337.0k)(155.0k)
EURFY, 2018

Revenue/Employee

143.4k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x
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NorCom IT Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

NorCom IT Online and Social Media Presence

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NorCom IT Blogs

AI for tedious routine tasks

Errors in invoices can have a big impact and lead to a lot of work - and of course angry customers. Accurate auditing is therefore...

Big Data - there is no "too big"!

Large amounts of data are already available in many areas, but will increase as digitization progresses. Big data is not primarily about...

NorCom receives follow-up orders for the development of AI apps

NorCom Information Technology GmbH & Co. KGaA has received two follow-up orders for an AI project at a German automobile manufacturer...

AI for legal work processes

What distinguishes legal work processes from other activities in the company? Basically, in many companies there is lively communication...

Expand DMS with AI

Many large companies and administrations already have an integrated DMS so that the documents can be stored digitally and legally. ‍...

The advantages of BERT

Why should you use BERT? What advantages does it bring you? Language is a complex construct. Everyone speaks a little differently and...
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NorCom IT Frequently Asked Questions

  • When was NorCom IT founded?

    NorCom IT was founded in 1989.

  • How many employees does NorCom IT have?

    NorCom IT has 52 employees.

  • What is NorCom IT revenue?

    Latest NorCom IT annual revenue is €9.6 m.

  • What is NorCom IT revenue per employee?

    Latest NorCom IT revenue per employee is €183.7 k.

  • Who are NorCom IT competitors?

    Competitors of NorCom IT include Iteratec, EJC and COMM2IG.

  • Where is NorCom IT headquarters?

    NorCom IT headquarters is located at 4 Gabelsbergerstraße, München.

  • Where are NorCom IT offices?

    NorCom IT has offices in München, Fellbach and Nürnberg.

  • How many offices does NorCom IT have?

    NorCom IT has 3 offices.