SQUAREHEAD TECHNOLOGY AS

0484 OSLO

Finances

Return on Equity

−71,14 %

Current Ratio

2,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	62 183 000	61 465 000	45 641 000	89 036 000
Net Income	−28 213 000	−15 631 000	−10 993 000	13 768 000
Total Assets	58 684 000	80 121 000	56 317 000	69 574 000
Total Equity	39 659 000	66 057 000	43 343 000	53 565 000

Income (NOK)	2022	2021	2020	2019
Revenue	62 183 000	61 465 000	45 641 000	89 036 000
Expenditure	90 354 000	76 760 000	61 218 000	72 529 000
Operating Profit	−28 170 000	−15 296 000	−15 577 000	16 507 000
Financial Income	156 000	34 000	104 000	79 000
Financial Costs	103 000	32 000	21 000	−14 000
Financial Balance	53 000	2 000	83 000	93 000
Earnings Before Tax	−28 117 000	−15 294 000	−15 494 000	16 599 000
Tax	96 000	337 000	−4 501 000	2 832 000
Net Income	−28 213 000	−15 631 000	−10 993 000	13 768 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 916 000	14 408 000	12 313 000	7 176 000
Total Current Assets	44 768 000	65 713 000	44 004 000	62 397 000
Total Assets	58 684 000	80 121 000	56 317 000	69 574 000
Total Retained Equity	39 184 000	65 584 000	42 952 000	53 178 000
Total Equity	39 659 000	66 057 000	43 343 000	53 565 000
Total Long-Term Debt	0	0	356 000	0
Total Current Debt	19 025 000	14 064 000	12 617 000	16 009 000
Total Equity and Debt	58 684 000	80 121 000	56 317 000	69 574 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 233 000	56 178 000	44 638 000	89 036 000
Other Income	11 950 000	5 287 000	1 003 000	0
Revenue	62 183 000	61 465 000	45 641 000	89 036 000
Cost of Goods Sold	12 922 000	11 869 000	8 348 000	18 835 000
Salary Costs	56 200 000	47 307 000	36 211 000	36 124 000
Depreciation	2 206 000	2 207 000	973 000	784 000
Impairment	0	0	0	0
Expenditure	90 354 000	76 760 000	61 218 000	72 529 000
Operating Profit	−28 170 000	−15 296 000	−15 577 000	16 507 000
Financial Income	156 000	34 000	104 000	79 000
Financial Costs	103 000	32 000	21 000	−14 000
Financial Balance	53 000	2 000	83 000	93 000
Dividends	0	0	0	0
Net Income	−28 213 000	−15 631 000	−10 993 000	13 768 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	12 556 000	13 144 000	10 878 000	5 625 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	452 000	382 000	555 000	688 000
Total Tangible Assets	452 000	382 000	555 000	688 000
Total Fiancial Fixed Assets	908 000	882 000	881 000	863 000
Total Fixed Assets	13 916 000	14 408 000	12 313 000	7 176 000
Stock	23 669 000	15 097 000	11 929 000	7 379 000
Total Investments	0	0	0	0
Cash, Bank	11 558 000	34 496 000	16 164 000	27 258 000
Total Current Assets	44 768 000	65 713 000	44 004 000	62 397 000
Total Assets	58 684 000	80 121 000	56 317 000	69 574 000
Total Equity	39 659 000	66 057 000	43 343 000	53 565 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	356 000	0
Creditors	2 576 000	3 179 000	2 303 000	2 709 000
Unpaid Taxes	3 737 000	2 735 000	4 369 000	2 064 000
Dividends	0	0	0	0
Other Current Debt	12 663 000	8 150 000	5 945 000	10 723 000
Total Current Debt	19 025 000	14 064 000	12 617 000	16 009 000
Total Equity and Debt	58 684 000	80 121 000	56 317 000	69 574 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−71,14 %	−23,66 %	−25,36 %	25,7 %
Debt-to-Equity Ratio	0	0	0,01	0
Operating Profit Margin	−45,3 %	−24,89 %	−34,13 %	18,54 %
Current Ratio	2,35	4,67	3,49	3,9
Quick Ratio	−9,64	−63,61	63,96	7,23
Equity Ratio	0,68	0,82	0,77	0,77
Gross Profit Margin	79,22 %	80,69 %	81,71 %	78,85 %