INDUCT - INTERIM REPORT Q4 2022

15 Feb 2023 08:30 CET

The Interim report for Q4 2022 for Induct AS has been approved by the Board of
Directors.

• Platform revenues are up by 46,5% from NOK 12,9 million in 2021 to NOK 18,9
million in 2022. Platform revenues increased by 13,6 % from Q4 2021 to Q4 2022,
from NOK 4,4 million to NOK 5,0 million.
• A stable and high gross margin on platform revenues at 93,7 % in Q4 2022.
• Total revenues increased by 12,7 % from Q4 2021 to Q4 2022, from NOK 5,2
million to NOK 5,8 million.
• EBITDA of NOK 9,7 million in 2022, compared to NOK 5,4 million in 2021.
Positive EBITDA of NOK 1,6 million in Q4 2022 compared to NOK 3,1 million in Q4
2021.
• Ad revenues generated from 86 countries in Q4 2022.
• Grantway had more than 140 000 funding opportunities available across 186
countries on December 31st, 2022.

For further information, please contact: Alf Martin Johansen, Chief Executive
Officer +47 90 17 94 35, amj@induct.net

About Induct
Induct AS was established in 2007 and was the first mover in the development of
software as a service (SaaS) for managing innovation efforts in, and between,
organizations. Our software has enabled more than 350 organizations worldwide to
release the potential that lies in identifying new and good ideas through
innovation engagement and realizing the benefits of turning good ideas into new
ways of thinking, acting, organizing, and working.

In 2020, Induct took a new step on its journey as a knowledge empowerment
provider. We launched a new digital platform – induct.net – where work and
collaboration are taken to a new level for organizations and individuals alike.
By removing unnecessary and unhelpful barriers to collaboration, the platform is
a unique facilitator of knowledge development and management, sharing and
empowerment within organizations, in collaborative networks, and in ecosystems.
Induct has offerings in three main segments: 1) Knowledge management, 2)
Knowledge mining and 3) Collaborative tools.

Want to learn more? Visit us at induct.net

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582458_Induct - Interim Report Q4 2022.pdf