FirmaIQ
Org.nr 996 745 791 2023 → 2024 Year-over-year analysis

7WAVES AS: årsregnskap 2024 vs 2023

Shrank 28% on revenue

approved 2025-06-30; registry 2025-07-29; journal 2025 710762

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2024 with 2023 for 7WAVES AS. Revenue 90.65m NOK → 65.40m NOK (-27.8%). Net result +9.48m NOK → +7.85m NOK. Equity 13.75m NOK → 21.61m NOK.

On the constructive side: equity strengthened. 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
90.65m NOK 65.40m NOK
-27.8%
Operating result
+12.21m NOK +10.07m NOK
-17.5%
Net result
+9.48m NOK +7.85m NOK
-17.1%
Equity
13.75m NOK 21.61m NOK
+57.1%
Cash
21.85m NOK 12.91m NOK
-40.9%
Total assets
53.85m NOK 41.99m NOK
-22.0%

What improved

  • ↑

    Equity strengthened

    Book equity 13.75m NOK → 21.61m NOK (equity ratio 25.5% → 51.5%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 90.65m NOK to 65.40m NOK (-27.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +12.21m NOK → +10.07m NOK (op. margin 13.5% → 15.4%). Calculated

  • ↓

    Net result weakened

    Net result +9.48m NOK → +7.85m NOK (net margin 10.5% → 12.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 21.85m NOK → 12.91m NOK (-40.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 40.33m NOK → 42.53m NOK (44% → 65% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 11.88m NOK → 3.79m NOK (-68.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 10.0k NOK → 2.04m NOK. Reported fact