FirmaIQ
Org.nr 913 110 846 2019 → 2020 Year-over-year analysis

7 SEAS TECHNOLOGY AS: årsregnskap 2020 vs 2019

Shrank 85% on revenue, weaker earnings

approved 2021-06-11; registry 2021-07-05; journal 2021 447101

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 7 SEAS TECHNOLOGY AS. Revenue 397.6k NOK → 61.4k NOK (-84.6%). Net result +22.26m NOK → +11.00m NOK. Equity 21.40m NOK → 16.99m NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
397.6k NOK 61.4k NOK
-84.6%
Operating result
-71.8k NOK -510.1k NOK
-610.8%
Net result
+22.26m NOK +11.00m NOK
-50.6%
Equity
21.40m NOK 16.99m NOK
-20.6%
Cash
22.55m NOK 30.17m NOK
+33.8%
Total assets
23.80m NOK 30.99m NOK
+30.2%

What improved

  • ↑

    Cash rose

    Bank deposits 22.55m NOK → 30.17m NOK (+33.8% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 397.6k NOK to 61.4k NOK (-84.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -71.8k NOK → -510.1k NOK (op. margin -18.0% → -831.1%). Calculated

  • ↓

    Net result weakened

    Net result +22.26m NOK → +11.00m NOK (net margin 5598.0% → 17920.8%). Calculated

  • ↓

    Equity eroded

    Book equity 21.40m NOK → 16.99m NOK (equity ratio 89.9% → 54.8%). Calculated