777 ESPORT AS: årsregnskap 2024 vs 2023
Shrank 35% on revenue, stronger earnings, cash halved-plus
approved 2025-05-05; registry 2025-05-27; journal 2025 477221
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 777 ESPORT AS. Revenue 953.9k NOK → 620.7k NOK (-34.9%). Net result -2.96m NOK → -511.1k NOK. Equity 7.22m NOK → -179.1k NOK.
On the constructive side: operating result improved; net result improved; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for 777 ESPORT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -2.99m NOK → -511.4k NOK (op. margin -313.1% → -82.4%). Calculated
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Net result improved
Net result -2.96m NOK → -511.1k NOK (net margin -310.8% → -82.3%). Calculated
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Owners injected capital
Paid-in equity rose 9.55m NOK → 9.66m NOK (+109.6k NOK). Reported fact
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Payroll decreased
Salary cost 2.70m NOK → 2.42m NOK (283% → 390% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 953.9k NOK to 620.7k NOK (-34.9% YoY). Calculated
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Equity eroded
Book equity 7.22m NOK → -179.1k NOK (equity ratio 863.1% → -76.3%). Calculated
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Cash fell
Bank deposits 3.67m NOK → 184.8k NOK (-95.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.51× → 0.66× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -76.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.67m NOK → 184.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 560.1k NOK → 469.7k NOK (-16.1% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 4 → 1. Reported fact