FORNIX AS

7010 TRONDHEIM

Finances

Return on Equity

−16,89 %

Current Ratio

2,38

Debt-to-Equity Ratio

0,73

Key figures (NOK)	2022	2021	2020
Revenue	2 692 000	1 042 000	116 000
Net Income	−347 000	−380 000	−21 000
Total Assets	4 688 000	1 375 000	214 000
Total Equity	2 055 000	1 029 000	43 000

Income (NOK)	2022	2021	2020
Revenue	2 692 000	1 042 000	116 000
Expenditure	3 128 000	1 528 000	145 000
Operating Profit	−436 000	−487 000	−28 000
Financial Income	0	0	0
Financial Costs	8 000	0	0
Financial Balance	−8 000	0	0
Earnings Before Tax	−444 000	−487 000	−28 000
Tax	−97 000	−107 000	−7 000
Net Income	−347 000	−380 000	−21 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 988 000	131 000	44 000
Total Current Assets	2 700 000	1 244 000	170 000
Total Assets	4 688 000	1 375 000	214 000
Total Retained Equity	−748 000	−401 000	−21 000
Total Equity	2 055 000	1 029 000	43 000
Total Long-Term Debt	1 500 000	0	0
Total Current Debt	1 133 000	346 000	170 000
Total Equity and Debt	4 688 000	1 375 000	214 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 384 000	161 000	5 000
Other Income	1 308 000	880 000	112 000
Revenue	2 692 000	1 042 000	116 000
Cost of Goods Sold	11 000	17 000	0
Salary Costs	2 051 000	1 060 000	36 000
Depreciation	148 000	19 000	2 000
Impairment	0	0	0
Expenditure	3 128 000	1 528 000	145 000
Operating Profit	−436 000	−487 000	−28 000
Financial Income	0	0	0
Financial Costs	8 000	0	0
Financial Balance	−8 000	0	0
Dividends	0	0	0
Net Income	−347 000	−380 000	−21 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	1 962 000	114 000	7 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	16 000	17 000	36 000
Total Tangible Assets	16 000	17 000	36 000
Total Fiancial Fixed Assets	10 000	0	0
Total Fixed Assets	1 988 000	131 000	44 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 796 000	233 000	53 000
Total Current Assets	2 700 000	1 244 000	170 000
Total Assets	4 688 000	1 375 000	214 000
Total Equity	2 055 000	1 029 000	43 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 500 000	0	0
Creditors	16 000	10 000	22 000
Unpaid Taxes	312 000	76 000	4 000
Dividends	0	0	0
Other Current Debt	805 000	243 000	4 000
Total Current Debt	1 133 000	346 000	170 000
Total Equity and Debt	4 688 000	1 375 000	214 000

Financial indicators	2022	2021	2020
Return on Equity	−16,89 %	−36,93 %	−48,84 %
Debt-to-Equity Ratio	0,73	0	0
Operating Profit Margin	−16,2 %	−46,74 %	−24,14 %
Current Ratio	2,38	3,6	1
Quick Ratio	2,38	3,6	1
Equity Ratio	0,44	0,75	0,2
Gross Profit Margin	99,59 %	98,37 %	100 %