HARK TECHNOLOGIES AS

0650 OSLO

Finances

Share Ownership

Return on Equity

−41,48 %

Current Ratio

0,57

Debt-to-Equity Ratio

1,35

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 843 000	6 325 000	2 005 000	1 444 000
Net Income	−1 359 000	−809 000	−2 934 000	−815 000
Total Assets	14 095 000	10 804 000	7 065 000	3 239 000
Total Equity	3 276 000	4 636 000	3 322 000	1 257 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 843 000	6 325 000	2 005 000	1 444 000
Expenditure	11 786 000	7 142 000	6 500 000	2 777 000
Operating Profit	−1 610 000	−982 000	−4 009 000	−1 226 000
Financial Income	3 000	1 000	8 000	9 000
Financial Costs	214 000	82 000	23 000	1 000
Financial Balance	−211 000	−81 000	−15 000	8 000
Earnings Before Tax	−1 822 000	−1 063 000	−4 024 000	−1 219 000
Tax	−463 000	−254 000	−1 090 000	−404 000
Net Income	−1 359 000	−809 000	−2 934 000	−815 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 429 000	7 229 000	1 647 000	527 000
Total Current Assets	3 665 000	3 575 000	5 418 000	2 712 000
Total Assets	14 095 000	10 804 000	7 065 000	3 239 000
Total Retained Equity	0	0	−1 717 000	−873 000
Total Equity	3 276 000	4 636 000	3 322 000	1 257 000
Total Long-Term Debt	4 407 000	4 580 000	2 640 000	1 500 000
Total Current Debt	6 411 000	1 588 000	1 103 000	482 000
Total Equity and Debt	14 095 000	10 804 000	7 065 000	3 239 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 843 000	6 325 000	670 000	767 000
Other Income	0	0	1 335 000	677 000
Revenue	8 843 000	6 325 000	2 005 000	1 444 000
Cost of Goods Sold	5 550 000	2 258 000	986 000	340 000
Salary Costs	3 765 000	3 604 000	3 677 000	1 119 000
Depreciation	611 000	134 000	32 000	14 000
Impairment	0	0	0	0
Expenditure	11 786 000	7 142 000	6 500 000	2 777 000
Operating Profit	−1 610 000	−982 000	−4 009 000	−1 226 000
Financial Income	3 000	1 000	8 000	9 000
Financial Costs	214 000	82 000	23 000	1 000
Financial Balance	−211 000	−81 000	−15 000	8 000
Dividends	0	0	0	0
Net Income	−1 359 000	−809 000	−2 934 000	−815 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 295 000	7 035 000	1 511 000	421 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	134 000	194 000	122 000	106 000
Total Tangible Assets	134 000	194 000	122 000	106 000
Total Fiancial Fixed Assets	0	0	14 000	0
Total Fixed Assets	10 429 000	7 229 000	1 647 000	527 000
Stock	1 761 000	427 000	593 000	106 000
Total Investments	0	0	0	0
Cash, Bank	622 000	310 000	3 775 000	1 986 000
Total Current Assets	3 665 000	3 575 000	5 418 000	2 712 000
Total Assets	14 095 000	10 804 000	7 065 000	3 239 000
Total Equity	3 276 000	4 636 000	3 322 000	1 257 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 407 000	4 580 000	2 640 000	1 500 000
Creditors	255 000	302 000	136 000	95 000
Unpaid Taxes	414 000	509 000	538 000	142 000
Dividends	0	0	0	0
Other Current Debt	5 742 000	777 000	428 000	245 000
Total Current Debt	6 411 000	1 588 000	1 103 000	482 000
Total Equity and Debt	14 095 000	10 804 000	7 065 000	3 239 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−41,48 %	−17,45 %	−88,32 %	−64,84 %
Debt-to-Equity Ratio	1,35	0,99	0,79	1,19
Operating Profit Margin	−18,21 %	−15,53 %	−199,95 %	−84,9 %
Current Ratio	0,57	2,25	4,91	5,63
Quick Ratio	0,79	3,08	10,62	7,21
Equity Ratio	0,23	0,43	0,47	0,39
Gross Profit Margin	37,24 %	64,3 %	50,82 %	76,45 %