ORBIT TECHNOLOGY AS

0256 OSLO

Finances

Share Ownership

Return on Equity

−747,29 %

Current Ratio

1,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	1 820 000	294 000	0
Net Income	−62 623 000	−11 216 000	−3 758 000
Total Assets	12 080 000	45 141 000	20 906 000
Total Equity	8 380 000	34 465 000	13 074 000

Income (NOK)	2022	2021	2020
Revenue	1 820 000	294 000	0
Expenditure	58 624 000	14 575 000	4 507 000
Operating Profit	−56 804 000	−14 282 000	−4 507 000
Financial Income	87 000	26 000	4 000
Financial Costs	997 000	806 000	317 000
Financial Balance	−910 000	−780 000	−313 000
Earnings Before Tax	−57 715 000	−15 062 000	−4 821 000
Tax	4 908 000	−3 846 000	−1 063 000
Net Income	−62 623 000	−11 216 000	−3 758 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	5 430 000	38 095 000	13 444 000
Total Current Assets	6 650 000	7 046 000	7 461 000
Total Assets	12 080 000	45 141 000	20 906 000
Total Retained Equity	−77 598 000	−14 975 000	−3 758 000
Total Equity	8 380 000	34 465 000	13 074 000
Total Long-Term Debt	0	0	2 122 000
Total Current Debt	3 700 000	10 676 000	5 710 000
Total Equity and Debt	12 080 000	45 141 000	20 906 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 820 000	294 000	0
Other Income	0	0	0
Revenue	1 820 000	294 000	0
Cost of Goods Sold	1 567 000	399 000	0
Salary Costs	9 169 000	5 362 000	425 000
Depreciation	298 000	87 000	0
Impairment	40 000 000	0	0
Expenditure	58 624 000	14 575 000	4 507 000
Operating Profit	−56 804 000	−14 282 000	−4 507 000
Financial Income	87 000	26 000	4 000
Financial Costs	997 000	806 000	317 000
Financial Balance	−910 000	−780 000	−313 000
Dividends	0	0	0
Net Income	−62 623 000	−11 216 000	−3 758 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	3 637 000	36 514 000	13 062 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	1 283 000	1 071 000	383 000
Total Tangible Assets	1 283 000	1 071 000	383 000
Total Fiancial Fixed Assets	510 000	510 000	0
Total Fixed Assets	5 430 000	38 095 000	13 444 000
Stock	100 000	100 000	100 000
Total Investments	0	0	0
Cash, Bank	1 593 000	505 000	2 690 000
Total Current Assets	6 650 000	7 046 000	7 461 000
Total Assets	12 080 000	45 141 000	20 906 000
Total Equity	8 380 000	34 465 000	13 074 000
Short-Term Group Debt	0	0	1 000
Total Long-Term Debt	0	0	2 122 000
Creditors	1 218 000	5 413 000	4 947 000
Unpaid Taxes	1 015 000	742 000	82 000
Dividends	0	0	0
Other Current Debt	1 466 000	4 521 000	680 000
Total Current Debt	3 700 000	10 676 000	5 710 000
Total Equity and Debt	12 080 000	45 141 000	20 906 000

Financial indicators	2022	2021	2020
Return on Equity	−747,29 %	−32,54 %	−28,74 %
Debt-to-Equity Ratio	0	0	0,16
Operating Profit Margin	−3 121,1 %	−4 857,82 %	-
Current Ratio	1,8	0,66	1,31
Quick Ratio	1,85	0,67	1,33
Equity Ratio	0,69	0,76	0,63
Gross Profit Margin	13,9 %	−35,71 %	-