7SENSE AGRITECH AS: årsregnskap 2020 vs 2019
Shrank 33% on revenue, returned to profit
registry 2021-07-28; journal 2021 552929
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 7SENSE AGRITECH AS. Revenue 8.33m NOK → 5.57m NOK (-33.2%). Net result -217.7k NOK → +308.6k NOK. Equity 1.03m NOK → 1.34m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7SENSE AGRITECH AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -110.8k NOK → +284.5k NOK (op. margin -1.3% → 5.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 217.7k NOK to a profit of 308.6k NOK. Calculated
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Equity strengthened
Book equity 1.03m NOK → 1.34m NOK (equity ratio 35.7% → 30.2%). Calculated
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Cash rose
Bank deposits 49.5k NOK → 2.97m NOK (+5892.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.33m NOK to 5.57m NOK (-33.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 176.7k NOK → 1.32m NOK (2% → 24% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 6.44m NOK → 3.17m NOK (-50.8% YoY). Calculated