7SENSE AGRITECH AS: årsregnskap 2019 vs 2018
Grew 131% on revenue, slipped into loss
approved 2020-04-17; registry 2020-05-02; journal 2020 322231
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 7SENSE AGRITECH AS. Revenue 3.61m NOK → 8.33m NOK (+130.5%). Net result +144.0k NOK → -217.7k NOK. Equity 251.4k NOK → 1.03m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 7SENSE AGRITECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.61m NOK to 8.33m NOK (+130.5% YoY). Calculated
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↑
Equity strengthened
Book equity 251.4k NOK → 1.03m NOK (equity ratio 7.0% → 35.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +12.4k NOK → -110.8k NOK (op. margin 0.3% → -1.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 144.0k NOK profit to a loss of 217.7k NOK. Calculated
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↓
Cash fell
Bank deposits 52.5k NOK → 49.5k NOK (-5.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 5 NOK → 176.7k NOK (0% → 2% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 756.4k NOK → 6.44m NOK (+751.7% YoY). Calculated