FirmaIQ
Org.nr 913 077 369 2016 → 2017 Year-over-year analysis

7SENSE TECHNOLOGIES AS: årsregnskap 2017 vs 2016

Shrank 10% on revenue, weaker earnings, cash halved-plus

approved 2018-05-22; registry 2018-06-06; journal 2018 418474

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 7SENSE TECHNOLOGIES AS. Revenue 5.78m NOK → 5.22m NOK (-9.7%). Net result +5.55bn NOK → +284.4k NOK. Equity 134.8k NOK → 1.42m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
5.78m NOK 5.22m NOK
-9.7%
Operating result
+565.6k NOK +303.8k NOK
-46.3%
Net result
+5.55bn NOK +284.4k NOK
-100.0%
Equity
134.8k NOK 1.42m NOK
+953.2%
Cash
440.6k NOK 157.9k NOK
-64.2%
Total assets
2.23m NOK 2.51m NOK
+12.4%

What improved

  • ↑

    Equity strengthened

    Book equity 134.8k NOK → 1.42m NOK (equity ratio 6.0% → 56.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.78m NOK to 5.22m NOK (-9.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +565.6k NOK → +303.8k NOK (op. margin 9.8% → 5.8%). Calculated

  • ↓

    Net result weakened

    Net result +5.55bn NOK → +284.4k NOK (net margin 96086.5% → 5.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 440.6k NOK → 157.9k NOK (-64.2% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 83.3k NOK → 184.1k NOK (+121.1% YoY). Calculated