FirmaIQ
Org.nr 913 110 846 2020 → 2021 Year-over-year analysis

7 SEAS TECHNOLOGY AS: årsregnskap 2021 vs 2020

Shrank 12% on revenue, slipped into loss, cash halved-plus

approved 2022-02-28; registry 2022-05-25; journal 2022 270268

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 7 SEAS TECHNOLOGY AS. Revenue 61.4k NOK → 53.8k NOK (-12.3%). Net result +11.00m NOK → -20.5k NOK. Equity 16.99m NOK → 14.47m NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
61.4k NOK 53.8k NOK
-12.3%
Operating result
-510.1k NOK -166.2k NOK
+67.4%
Net result
+11.00m NOK -20.5k NOK
-100.2%
Equity
16.99m NOK 14.47m NOK
-14.8%
Cash
30.17m NOK 13.71m NOK
-54.6%
Total assets
30.99m NOK 14.47m NOK
-53.3%

What improved

  • ↑

    Operating result improved

    Operating result -510.1k NOK → -166.2k NOK (op. margin -831.1% → -309.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 6 619 NOK → 1 162 NOK (11% → 2% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 61.4k NOK to 53.8k NOK (-12.3% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 11.00m NOK profit to a loss of 20.5k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 16.99m NOK → 14.47m NOK (equity ratio 54.8% → 100.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 30.17m NOK → 13.71m NOK (-54.6% YoY). Calculated