7WAVES AS: årsregnskap 2021 vs 2020
Grew 69% on revenue, stronger earnings
approved 2022-06-27; registry 2022-08-09; journal 2022 823178
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 7WAVES AS. Revenue 33.11m NOK → 55.96m NOK (+69.0%). Net result +2.09m NOK → +7.62m NOK. Equity 3.32m NOK → 8.94m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
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
What improved
-
↑
Revenue rose
Operating income / revenue moved from 33.11m NOK to 55.96m NOK (+69.0% YoY). Calculated
-
↑
Operating result improved
Operating result +2.83m NOK → +9.89m NOK (op. margin 8.5% → 17.7%). Calculated
-
↑
Net result improved
Net result +2.09m NOK → +7.62m NOK (net margin 6.3% → 13.6%). Calculated
-
↑
Equity strengthened
Book equity 3.32m NOK → 8.94m NOK (equity ratio 14.7% → 23.4%). Calculated
-
↑
Cash rose
Bank deposits 5.01m NOK → 18.78m NOK (+274.7% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 21.49m NOK → 28.38m NOK (65% → 51% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 3.11m NOK → 6.36m NOK (+104.7% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 1 383 NOK → 10.0k NOK. Reported fact
-
·
Headcount (årsverk) changed
Reported FTEs 36 → 28. Reported fact