FirmaIQ
Org.nr 913 110 846 2021 → 2022 Year-over-year analysis

7 SEAS TECHNOLOGY AS: årsregnskap 2022 vs 2021

Shrank 100% on revenue, returned to profit

approved 2023-05-25; registry 2023-06-20; journal 2023 488794

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for 7 SEAS TECHNOLOGY AS. Revenue 53.8k NOK → 0 NOK (-100.0%). Net result -20.5k NOK → +233.2k NOK. Equity 14.47m NOK → 14.11m NOK.

On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
53.8k NOK 0 NOK
-100.0%
Operating result
-166.2k NOK -87.2k NOK
+47.5%
Net result
-20.5k NOK +233.2k NOK
+1235.6%
Equity
14.47m NOK 14.11m NOK
-2.5%
Cash
13.71m NOK 14.20m NOK
+3.6%
Total assets
14.47m NOK 14.72m NOK
+1.7%

What improved

  • ↑

    Operating result improved

    Operating result -166.2k NOK → -87.2k NOK. Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 20.5k NOK to a profit of 233.2k NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 13.71m NOK → 14.20m NOK (+3.6% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 53.8k NOK to 0 NOK (-100.0% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 14.47m NOK → 14.11m NOK (equity ratio 100.0% → 95.9%). Calculated