7SENSE TECHNOLOGIES AS: årsregnskap 2019 vs 2018
A steady year on the published lines
approved 2020-04-17; registry 2020-05-02; journal 2020 322233
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 7SENSE TECHNOLOGIES AS. Revenue 9.11m NOK → 8.72m NOK (-4.2%). Equity 1.81m NOK → 2.07m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7SENSE TECHNOLOGIES AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.81m NOK → 2.07m NOK (equity ratio 43.0% → 57.8%). Calculated
-
↑
Cash rose
Bank deposits 1.07m NOK → 2.55m NOK (+139.3% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 9.11m NOK to 8.72m NOK (-4.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +1.46m NOK → +295.0k NOK (op. margin 16.0% → 3.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 5.79m NOK → 6.39m NOK (64% → 73% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 838.4k NOK → 419.3k NOK (-50.0% YoY). Calculated