FirmaIQ
Org.nr 995 595 397 2017 → 2018 Year-over-year analysis

24SEVENSOCIAL AS: årsregnskap 2018 vs 2017

Shrank 16% on revenue, slipped into loss, cash halved-plus

approved 2019-07-12; registry 2019-08-20; journal 2019 924618

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 24SEVENSOCIAL AS. Revenue 13.19m NOK → 11.08m NOK (-16.0%). Net result +5.75m NOK → -3.00m NOK. Equity -1.77m NOK → -5.04m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 24SEVENSOCIAL AS.

At a glance

Scorecard

Revenue
13.19m NOK 11.08m NOK
-16.0%
Operating result
+2 281 NOK +560 NOK
-75.4%
Net result
+5.75m NOK -3.00m NOK
-152.2%
Equity
-1.77m NOK -5.04m NOK
-185.1%
Cash
387.4k NOK 154.4k NOK
-60.1%
Total assets
13.40m NOK 11.69m NOK
-12.8%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 13.19m NOK to 11.08m NOK (-16.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +2 281 NOK → +560 NOK (op. margin 0.0% → 0.0%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 5.75m NOK profit to a loss of 3.00m NOK. Calculated

  • ↓

    Equity eroded

    Book equity -1.77m NOK → -5.04m NOK (equity ratio -13.2% → -43.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 387.4k NOK → 154.4k NOK (-60.1% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -43.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 1.93m NOK → 185.7k NOK (-90.4% YoY). Calculated