FirmaIQ
Org.nr 996 745 791 2017 → 2018 Year-over-year analysis

7WAVES AS: årsregnskap 2018 vs 2017

Grew 185% on revenue, stronger earnings

approved 2019-04-23; registry 2019-07-29; journal 2019 812418

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 7WAVES AS. Revenue 17.62m NOK → 50.15m NOK (+184.6%). Net result +3.59m NOK → +8.71m NOK. Equity 2.09m NOK → 5.80m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 7WAVES AS.

At a glance

Scorecard

Revenue
17.62m NOK 50.15m NOK
+184.6%
Net result
+3.59m NOK +8.71m NOK
+142.5%
Equity
2.09m NOK 5.80m NOK
+177.4%
Cash
2.96m NOK 10.43m NOK
+252.5%
Total assets
9.62m NOK 25.60m NOK
+166.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 17.62m NOK to 50.15m NOK (+184.6% YoY). Calculated

  • ↑

    Net result improved

    Net result +3.59m NOK → +8.71m NOK (net margin 20.4% → 17.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.09m NOK → 5.80m NOK (equity ratio 21.7% → 22.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.96m NOK → 10.43m NOK (+252.5% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 6.64m NOK → 18.28m NOK (38% → 36% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 3.85m NOK → 10.55m NOK (+173.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 57.5k NOK → 25.5k NOK. Reported fact