FirmaIQ
Org.nr 913 077 369 2019 → 2020 Year-over-year analysis

7SENSE TECHNOLOGIES AS: årsregnskap 2020 vs 2019

Slipped into loss, cash halved-plus

approved 2021-07-06; registry 2021-07-28; journal 2021 552943

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 7SENSE TECHNOLOGIES AS. Revenue 8.72m NOK → 8.72m NOK (-0.0%). Net result +278.9k NOK → -38.9k NOK. Equity 2.07m NOK → 2.03m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for 7SENSE TECHNOLOGIES AS.

At a glance

Scorecard

Revenue
8.72m NOK 8.72m NOK
-0.0%
Operating result
+295.0k NOK -6 772 NOK
-102.3%
Net result
+278.9k NOK -38.9k NOK
-113.9%
Equity
2.07m NOK 2.03m NOK
-1.9%
Cash
2.55m NOK 348.9k NOK
-86.3%
Total assets
3.58m NOK 4.06m NOK
+13.7%

What improved

  • ↑

    Payroll decreased

    Salary cost 6.39m NOK → 6.23m NOK (73% → 71% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 8.72m NOK to 8.72m NOK (-0.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +295.0k NOK → -6 772 NOK (op. margin 3.4% → -0.1%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 278.9k NOK profit to a loss of 38.9k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 2.07m NOK → 2.03m NOK (equity ratio 57.8% → 49.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.55m NOK → 348.9k NOK (-86.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.55m NOK → 348.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation