HUDDLESTOCK FINTECH AS

4033 STAVANGER

Finances

Return on Equity

−27,5 %

Current Ratio

0,61

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	46 708 000	23 363 000	225 000	0
Net Income	−31 737 000	−20 198 000	−8 395 000	−3 013 000
Total Assets	168 186 000	157 462 000	71 213 000	26 407 000
Total Equity	115 398 000	114 310 000	67 173 000	50 668 000

Income (NOK)	2022	2021	2020	2019
Revenue	46 708 000	23 363 000	225 000	0
Expenditure	79 813 000	41 558 000	8 699 000	3 009 000
Operating Profit	−33 105 000	−18 195 000	−8 474 000	−3 010 000
Financial Income	667 000	221 000	151 000	1 000
Financial Costs	1 115 000	2 224 000	72 000	5 000
Financial Balance	−448 000	−2 003 000	79 000	−4 000
Earnings Before Tax	−33 554 000	−20 198 000	−8 395 000	−3 013 000
Tax	−1 817 000	0	0	0
Net Income	−31 737 000	−20 198 000	−8 395 000	−3 013 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	143 385 000	122 953 000	65 260 000	12 001 000
Total Current Assets	24 801 000	34 509 000	5 953 000	14 406 000
Total Assets	168 186 000	157 462 000	71 213 000	26 407 000
Total Retained Equity	0	0	0	0
Total Equity	115 398 000	114 310 000	67 173 000	50 668 000
Total Long-Term Debt	12 437 000	11 775 000	0	0
Total Current Debt	40 350 000	31 376 000	4 041 000	1 073 000
Total Equity and Debt	168 186 000	157 461 000	71 214 000	26 407 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	46 708 000	0	0	0
Other Income	0	23 363 000	225 000	0
Revenue	46 708 000	23 363 000	225 000	0
Cost of Goods Sold	12 817 000	2 931 000	0	0
Salary Costs	43 555 000	17 406 000	432 000	6 000
Depreciation	18 408 000	10 595 000	0	0
Impairment	0	0	0	0
Expenditure	79 813 000	41 558 000	8 699 000	3 009 000
Operating Profit	−33 105 000	−18 195 000	−8 474 000	−3 010 000
Financial Income	667 000	221 000	151 000	1 000
Financial Costs	1 115 000	2 224 000	72 000	5 000
Financial Balance	−448 000	−2 003 000	79 000	−4 000
Dividends	0	0	0	0
Net Income	−31 737 000	−20 198 000	−8 395 000	−3 013 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	52 958 000	42 474 000	0	0
Total Intangible Assets	142 899 000	122 953 000	65 260 000	5 459 000
Real Eastate	486 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	486 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	6 542 000
Total Fixed Assets	143 385 000	122 953 000	65 260 000	12 001 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 904 000	16 222 000	5 191 000	8 581 000
Total Current Assets	24 801 000	34 509 000	5 953 000	14 406 000
Total Assets	168 186 000	157 462 000	71 213 000	26 407 000
Total Equity	115 398 000	114 310 000	67 173 000	50 668 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 437 000	11 775 000	0	0
Creditors	9 531 000	0	0	800 000
Unpaid Taxes	4 276 000	0	0	5 000
Dividends	0	0	0	0
Other Current Debt	20 196 000	31 376 000	3 872 000	268 000
Total Current Debt	40 350 000	31 376 000	4 041 000	1 073 000
Total Equity and Debt	168 186 000	157 461 000	71 214 000	26 407 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−27,5 %	−17,67 %	−12,5 %	−5,95 %
Debt-to-Equity Ratio	0,11	0,1	0	0
Operating Profit Margin	−70,88 %	−77,88 %	−3 766,22 %	-
Current Ratio	0,61	1,1	1,47	13,43
Quick Ratio	0,61	1,1	1,47	13,43
Equity Ratio	0,69	0,73	0,94	1,92
Gross Profit Margin	72,56 %	87,45 %	100 %	-