FirmaIQ
Org.nr 996 745 791 2022 → 2023 Year-over-year analysis

7WAVES AS: årsregnskap 2023 vs 2022

Grew 67% on revenue, stronger earnings

approved 2024-07-29; registry 2024-08-01; journal 2024 690327

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for 7WAVES AS. Revenue 54.32m NOK → 90.65m NOK (+66.9%). Net result +3.34m NOK → +9.48m NOK. Equity 4.27m NOK → 13.75m NOK.

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

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

At a glance

Scorecard

Revenue
54.32m NOK 90.65m NOK
+66.9%
Operating result
+4.27m NOK +12.21m NOK
+185.6%
Net result
+3.34m NOK +9.48m NOK
+184.2%
Equity
4.27m NOK 13.75m NOK
+221.8%
Cash
8.28m NOK 21.85m NOK
+164.0%
Total assets
28.35m NOK 53.85m NOK
+89.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 54.32m NOK to 90.65m NOK (+66.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +4.27m NOK → +12.21m NOK (op. margin 7.9% → 13.5%). Calculated

  • ↑

    Net result improved

    Net result +3.34m NOK → +9.48m NOK (net margin 6.1% → 10.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 4.27m NOK → 13.75m NOK (equity ratio 15.1% → 25.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 8.28m NOK → 21.85m NOK (+164.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 31.75m NOK → 40.33m NOK (58% → 44% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 8.51m NOK → 11.88m NOK (+39.6% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 29 → 34. Reported fact