INDUCT - INTERIM REPORT Q2 2023

17 Aug 2023 08:30 CEST

The Interim report for Q2 2023 for Induct AS has been approved by the Board of
Directors.

• Platform revenues increased by 8,3 % from Q2 2022 to Q2 2023, from NOK 4,8
million to NOK 5,2 million.

• A stable and high gross margin on platform revenues at 94,1 % in Q2 2023.

• Total revenues increased by 17,0 % from Q2 2022 to Q2 2023, from NOK 5,3
million to NOK 6,2 million.

• Due to restructuring costs, we have an increase in operational expenses in Q1
and Q2 2023, which has reduced our EBITDA to NOK 1,7 million in Q2 2023,
compared to NOK 3,0 million in Q2 2022. Our EBITDA will increase gradually
during the second half of 2023 and continue to grow beyond NOK 3,0 million in Q1
2024.

• Ad revenues generated from 175 countries in Q2 2023.

• Grantway had more than 200 000 funding opportunities available across 186
countries on June 30st, 2023.

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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597097_Induct - Interim Report Q2 2023.pdf