7SENSE AGRITECH AS: årsregnskap 2023 vs 2022
Shrank 50% on revenue, weaker earnings
registry 2024-07-18; journal 2024 647619
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 7SENSE AGRITECH AS. Revenue 5.06m NOK → 2.56m NOK (-49.5%). Net result -198.4k NOK → -3.93m NOK. Equity 1.37m NOK → 134.9k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for 7SENSE AGRITECH AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 5.06m NOK to 2.56m NOK (-49.5% YoY). Calculated
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Operating result weakened
Operating result -75.8k NOK → -3.48m NOK (op. margin -1.5% → -136.2%). Calculated
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Net result weakened
Net result -198.4k NOK → -3.93m NOK (net margin -3.9% → -153.9%). Calculated
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↓
Equity eroded
Book equity 1.37m NOK → 134.9k NOK (equity ratio 24.6% → 2.0%). Calculated
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Cash fell
Bank deposits 111.2k NOK → 104.2k NOK (-6.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 3.14m NOK → 60.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 1.64m NOK → 1.07m NOK (-35.0% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 1.5 → 3.7. Reported fact