FirmaIQ
Org.nr 996 745 791 2019 → 2020 Year-over-year analysis

7WAVES AS: årsregnskap 2020 vs 2019

Shrank 34% on revenue, weaker earnings, cash halved-plus

approved 2021-04-30; registry 2021-09-30; journal 2021 754667

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 7WAVES AS. Revenue 50.06m NOK → 33.11m NOK (-33.9%). Net result +7.44m NOK → +2.09m NOK. Equity 7.23m NOK → 3.32m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

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

At a glance

Scorecard

Revenue
50.06m NOK 33.11m NOK
-33.9%
Operating result
+9.65m NOK +2.83m NOK
-70.7%
Net result
+7.44m NOK +2.09m NOK
-71.9%
Equity
7.23m NOK 3.32m NOK
-54.1%
Cash
10.36m NOK 5.01m NOK
-51.6%
Total assets
32.77m NOK 22.56m NOK
-31.2%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 50.06m NOK to 33.11m NOK (-33.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +9.65m NOK → +2.83m NOK (op. margin 19.3% → 8.5%). Calculated

  • ↓

    Net result weakened

    Net result +7.44m NOK → +2.09m NOK (net margin 14.9% → 6.3%). Calculated

  • ↓

    Equity eroded

    Book equity 7.23m NOK → 3.32m NOK (equity ratio 22.1% → 14.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 10.36m NOK → 5.01m NOK (-51.6% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 8.07m NOK → 3.11m NOK (-61.5% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 25.5k NOK → 1 383 NOK. Reported fact