7DESIGN AS: årsregnskap 2023 vs 2022
Shrank 71% on revenue, weaker earnings, cash halved-plus
approved 2024-04-18; registry 2024-04-25; journal 2024 374657
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 7DESIGN AS. Revenue 579.2k NOK → 169.5k NOK (-70.7%). Net result +168.0k NOK → +597 NOK. Equity -164.4k NOK → -163.8k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 7DESIGN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 579.2k NOK to 169.5k NOK (-70.7% YoY). Calculated
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Operating result weakened
Operating result +171.5k NOK → +3 605 NOK (op. margin 29.6% → 2.1%). Calculated
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Net result weakened
Net result +168.0k NOK → +597 NOK (net margin 29.0% → 0.4%). Calculated
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Cash fell
Bank deposits 202.8k NOK → 82.9k NOK (-59.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -180.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 336.1k NOK → 82.7k NOK (-75.4% YoY). Calculated