7SENSE AGRITECH AS: årsregnskap 2022 vs 2021
Shrank 17% on revenue, stronger earnings, cash halved-plus
registry 2023-07-11; journal 2023 569099
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 7SENSE AGRITECH AS. Revenue 6.09m NOK → 5.06m NOK (-16.8%). Net result -470.5k NOK → -198.4k NOK. Equity 1.57m NOK → 1.37m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
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 -424.3k NOK → -75.8k NOK (op. margin -7.0% → -1.5%). Calculated
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Net result improved
Net result -470.5k NOK → -198.4k NOK (net margin -7.7% → -3.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.09m NOK to 5.06m NOK (-16.8% YoY). Calculated
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↓
Equity eroded
Book equity 1.57m NOK → 1.37m NOK (equity ratio 28.1% → 24.6%). Calculated
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↓
Cash fell
Bank deposits 414.1k NOK → 111.2k NOK (-73.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.80m NOK → 2.32m NOK (30% → 46% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.64m NOK → 1.64m NOK (-54.9% YoY). Calculated