7TECHNOLOGIES AS: årsregnskap 2023 vs 2022
Grew 1179% on revenue, weaker earnings
approved 2024-05-06; registry 2024-05-07; journal 2024 399932
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 7TECHNOLOGIES AS. Revenue 161.5k NOK → 2.07m NOK (+1178.9%). Net result +490.8k NOK → +82.6k NOK. Equity 4.53m NOK → 616.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 7TECHNOLOGIES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 161.5k NOK to 2.07m NOK (+1178.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +634.7k NOK → +86.6k NOK (op. margin 393.0% → 4.2%). Calculated
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↓
Net result weakened
Net result +490.8k NOK → +82.6k NOK (net margin 303.8% → 4.0%). Calculated
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↓
Equity eroded
Book equity 4.53m NOK → 616.6k NOK (equity ratio 517.0% → 67.5%). Calculated
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↓
Cash fell
Bank deposits 403.9k NOK → 261.0k NOK (-35.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 136 NOK → 422.3k NOK (1% → 20% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 109.1k NOK → 1.27m NOK (+1061.3% YoY). Calculated