TIDEWAVE MEDICAL AS

4016 STAVANGER

Finances

Return on Equity

−139,67 %

Current Ratio

5,53

Debt-to-Equity Ratio

0,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 781 000	6 198 000	3 536 000	240 000
Net Income	−8 791 000	−3 127 000	−2 278 000	−1 666 000
Total Assets	10 072 000	20 122 000	6 955 000	5 778 000
Total Equity	6 294 000	16 372 000	3 868 000	5 238 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 781 000	6 198 000	3 536 000	240 000
Expenditure	13 559 000	9 326 000	5 783 000	1 904 000
Operating Profit	−8 778 000	−3 129 000	−2 248 000	−1 664 000
Financial Income	25 000	21 000	5 000	2 000
Financial Costs	38 000	19 000	35 000	3 000
Financial Balance	−13 000	2 000	−30 000	−1 000
Earnings Before Tax	−8 791 000	−3 127 000	−2 278 000	−1 666 000
Tax	0	0	0	0
Net Income	−8 791 000	−3 127 000	−2 278 000	−1 666 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 449 000	2 800 000	4 070 000	3 106 000
Total Current Assets	7 623 000	17 322 000	2 886 000	2 672 000
Total Assets	10 072 000	20 122 000	6 955 000	5 778 000
Total Retained Equity	−17 443 000	−7 365 000	−4 239 000	−1 961 000
Total Equity	6 294 000	16 372 000	3 868 000	5 238 000
Total Long-Term Debt	2 400 000	2 400 000	2 400 000	0
Total Current Debt	1 379 000	1 350 000	687 000	540 000
Total Equity and Debt	10 072 000	20 122 000	6 955 000	5 778 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 779 000	5 114 000	2 771 000	240 000
Other Income	2 000	1 084 000	765 000	0
Revenue	4 781 000	6 198 000	3 536 000	240 000
Cost of Goods Sold	4 431 000	3 997 000	1 654 000	0
Salary Costs	4 074 000	2 928 000	1 839 000	1 085 000
Depreciation	389 000	375 000	246 000	178 000
Impairment	0	0	0	0
Expenditure	13 559 000	9 326 000	5 783 000	1 904 000
Operating Profit	−8 778 000	−3 129 000	−2 248 000	−1 664 000
Financial Income	25 000	21 000	5 000	2 000
Financial Costs	38 000	19 000	35 000	3 000
Financial Balance	−13 000	2 000	−30 000	−1 000
Dividends	0	0	0	0
Net Income	−8 791 000	−3 127 000	−2 278 000	−1 666 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 285 000	2 745 000	4 013 000	3 092 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	161 000	53 000	57 000	14 000
Total Tangible Assets	161 000	53 000	57 000	14 000
Total Fiancial Fixed Assets	3 000	3 000	0	0
Total Fixed Assets	2 449 000	2 800 000	4 070 000	3 106 000
Stock	920 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 638 000	15 999 000	1 492 000	2 559 000
Total Current Assets	7 623 000	17 322 000	2 886 000	2 672 000
Total Assets	10 072 000	20 122 000	6 955 000	5 778 000
Total Equity	6 294 000	16 372 000	3 868 000	5 238 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 400 000	2 400 000	2 400 000	0
Creditors	505 000	847 000	243 000	149 000
Unpaid Taxes	386 000	198 000	182 000	157 000
Dividends	0	0	0	0
Other Current Debt	488 000	305 000	263 000	233 000
Total Current Debt	1 379 000	1 350 000	687 000	540 000
Total Equity and Debt	10 072 000	20 122 000	6 955 000	5 778 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−139,67 %	−19,1 %	−58,89 %	−31,81 %
Debt-to-Equity Ratio	0,38	0,15	0,62	0
Operating Profit Margin	−183,6 %	−50,48 %	−63,57 %	−693,33 %
Current Ratio	5,53	12,83	4,2	4,95
Quick Ratio	16,61	12,83	4,2	4,95
Equity Ratio	0,62	0,81	0,56	0,91
Gross Profit Margin	7,32 %	35,51 %	53,22 %	100 %