BULBITECH AS

7051 TRONDHEIM

Finances

Share Ownership

Return on Equity

−5,28 %

Current Ratio

0,99

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 955 000	4 095 000	2 451 000	3 625 000
Net Income	−2 341 000	−3 354 000	−1 978 000	−804 000
Total Assets	55 576 000	46 869 000	35 499 000	31 530 000
Total Equity	44 360 000	37 561 000	29 069 000	24 957 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 955 000	4 095 000	2 451 000	3 625 000
Expenditure	13 564 000	8 423 000	4 962 000	5 008 000
Operating Profit	−3 609 000	−4 329 000	−2 511 000	−1 382 000
Financial Income	28 000	53 000	34 000	22 000
Financial Costs	277 000	107 000	61 000	43 000
Financial Balance	−249 000	−54 000	−27 000	−21 000
Earnings Before Tax	−3 859 000	−4 382 000	−2 538 000	−1 403 000
Tax	−1 517 000	−1 028 000	−560 000	−599 000
Net Income	−2 341 000	−3 354 000	−1 978 000	−804 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	46 924 000	38 087 000	31 469 000	21 821 000
Total Current Assets	8 652 000	8 782 000	4 029 000	9 709 000
Total Assets	55 576 000	46 869 000	35 499 000	31 530 000
Total Retained Equity	−16 671 000	−14 330 000	−10 975 000	−8 997 000
Total Equity	44 360 000	37 561 000	29 069 000	24 957 000
Total Long-Term Debt	2 438 000	3 000 000	0	251 000
Total Current Debt	8 779 000	6 307 000	6 430 000	6 322 000
Total Equity and Debt	55 576 000	46 869 000	35 499 000	31 530 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	253 000	1 025 000	34 000	165 000
Other Income	9 702 000	3 069 000	2 417 000	3 460 000
Revenue	9 955 000	4 095 000	2 451 000	3 625 000
Cost of Goods Sold	13 225 000	7 003 000	5 018 000	3 733 000
Salary Costs	4 425 000	3 891 000	4 568 000	3 650 000
Depreciation	22 000	10 000	5 000	0
Impairment	0	0	0	0
Expenditure	13 564 000	8 423 000	4 962 000	5 008 000
Operating Profit	−3 609 000	−4 329 000	−2 511 000	−1 382 000
Financial Income	28 000	53 000	34 000	22 000
Financial Costs	277 000	107 000	61 000	43 000
Financial Balance	−249 000	−54 000	−27 000	−21 000
Dividends	0	0	0	0
Net Income	−2 341 000	−3 354 000	−1 978 000	−804 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	46 792 000	37 975 000	31 347 000	21 372 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	33 000	13 000	23 000	350 000
Total Tangible Assets	33 000	13 000	23 000	350 000
Total Fiancial Fixed Assets	99 000	99 000	99 000	99 000
Total Fixed Assets	46 924 000	38 087 000	31 469 000	21 821 000
Stock	213 000	151 000	42 000	0
Total Investments	0	0	0	0
Cash, Bank	3 724 000	4 803 000	3 288 000	5 585 000
Total Current Assets	8 652 000	8 782 000	4 029 000	9 709 000
Total Assets	55 576 000	46 869 000	35 499 000	31 530 000
Total Equity	44 360 000	37 561 000	29 069 000	24 957 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 438 000	3 000 000	0	251 000
Creditors	3 877 000	1 672 000	1 672 000	1 638 000
Unpaid Taxes	225 000	155 000	145 000	150 000
Dividends	0	0	0	0
Other Current Debt	4 677 000	4 480 000	4 612 000	4 534 000
Total Current Debt	8 779 000	6 307 000	6 430 000	6 322 000
Total Equity and Debt	55 576 000	46 869 000	35 499 000	31 530 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,28 %	−8,93 %	−6,8 %	−3,22 %
Debt-to-Equity Ratio	0,05	0,08	0	0,01
Operating Profit Margin	−36,25 %	−105,71 %	−102,45 %	−38,12 %
Current Ratio	0,99	1,39	0,63	1,54
Quick Ratio	1,01	1,43	0,63	1,54
Equity Ratio	0,8	0,8	0,82	0,79
Gross Profit Margin	−32,85 %	−71,01 %	−104,73 %	−2,98 %