STINGER TECHNOLOGY AS

4007 STAVANGER

Finances

Return on Equity

8,9 %

Current Ratio

6,97

Debt-to-Equity Ratio

0,35

Key figures (NOK)	2022	2021	2020	2019
Revenue	31 826 000	52 863 000	13 632 000	13 971 000
Net Income	2 354 000	13 792 000	2 766 000	2 845 000
Total Assets	40 401 000	43 070 000	23 118 000	10 835 000
Total Equity	26 448 000	24 094 000	10 303 000	7 537 000

Income (NOK)	2022	2021	2020	2019
Revenue	31 826 000	52 863 000	13 632 000	13 971 000
Expenditure	28 782 000	35 313 000	10 788 000	11 113 000
Operating Profit	3 044 000	17 550 000	2 844 000	2 859 000
Financial Income	91 000	88 000	35 000	30 000
Financial Costs	461 000	197 000	113 000	44 000
Financial Balance	−370 000	−109 000	−78 000	−14 000
Earnings Before Tax	2 674 000	17 441 000	2 766 000	2 845 000
Tax	321 000	3 649 000	0	0
Net Income	2 354 000	13 792 000	2 766 000	2 845 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 259 000	4 531 000	637 000	1 013 000
Total Current Assets	33 143 000	38 539 000	22 481 000	9 822 000
Total Assets	40 401 000	43 070 000	23 118 000	10 835 000
Total Retained Equity	26 248 000	23 894 000	10 103 000	7 337 000
Total Equity	26 448 000	24 094 000	10 303 000	7 537 000
Total Long-Term Debt	9 198 000	9 723 000	10 336 000	626 000
Total Current Debt	4 755 000	9 253 000	2 480 000	2 673 000
Total Equity and Debt	40 401 000	43 070 000	23 118 000	10 835 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	31 826 000	52 302 000	13 614 000	13 971 000
Other Income	0	561 000	18 000	0
Revenue	31 826 000	52 863 000	13 632 000	13 971 000
Cost of Goods Sold	4 117 000	20 069 000	2 192 000	3 109 000
Salary Costs	17 174 000	11 003 000	5 924 000	5 853 000
Depreciation	1 502 000	457 000	801 000	719 000
Impairment	0	0	0	0
Expenditure	28 782 000	35 313 000	10 788 000	11 113 000
Operating Profit	3 044 000	17 550 000	2 844 000	2 859 000
Financial Income	91 000	88 000	35 000	30 000
Financial Costs	461 000	197 000	113 000	44 000
Financial Balance	−370 000	−109 000	−78 000	−14 000
Dividends	0	0	0	0
Net Income	2 354 000	13 792 000	2 766 000	2 845 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	6 467 000	3 908 000	298 000	1 013 000
Fixtures	742 000	622 000	339 000	0
Total Tangible Assets	7 209 000	4 531 000	637 000	1 013 000
Total Fiancial Fixed Assets	50 000	0	0	0
Total Fixed Assets	7 259 000	4 531 000	637 000	1 013 000
Stock	0	0	0	0
Total Investments	0	20 000	20 000	0
Cash, Bank	21 441 000	29 247 000	18 771 000	7 125 000
Total Current Assets	33 143 000	38 539 000	22 481 000	9 822 000
Total Assets	40 401 000	43 070 000	23 118 000	10 835 000
Total Equity	26 448 000	24 094 000	10 303 000	7 537 000
Short-Term Group Debt	0	239 000	232 000	225 000
Total Long-Term Debt	9 198 000	9 723 000	10 336 000	626 000
Creditors	458 000	1 467 000	470 000	293 000
Unpaid Taxes	1 217 000	938 000	942 000	1 543 000
Dividends	0	0	0	0
Other Current Debt	2 340 000	2 960 000	836 000	611 000
Total Current Debt	4 755 000	9 253 000	2 480 000	2 673 000
Total Equity and Debt	40 401 000	43 070 000	23 118 000	10 835 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,9 %	57,24 %	26,85 %	37,75 %
Debt-to-Equity Ratio	0,35	0,4	1	0,08
Operating Profit Margin	9,56 %	33,2 %	20,86 %	20,46 %
Current Ratio	6,97	4,17	9,06	3,67
Quick Ratio	6,97	4,17	9,06	3,67
Equity Ratio	0,65	0,56	0,45	0,7
Gross Profit Margin	87,06 %	62,04 %	83,92 %	77,75 %