INDUCT - INTERIM REPORT Q3 2023

15 Nov 2023 08:25 CET

The Interim report for Q3 2023 for Induct AS has been approved by the Board of
Directors.

• Total revenues increased by 18,8 % from Q3 2022 to Q3 2023, from NOK 5,3
million to NOK 6,3 million.

• Platform revenues increased by 10,2 % from Q3 2022 to Q3 2023, from NOK 4,9
million to NOK 5,4 million.

• A stable and high gross margin on platform revenues at 94,5 % in Q3 2023.

• Our EBITDA has increased in Q3 2023 as expected to NOK 2,4 million and will
continue to increase in Q4 2023 and is expected to grow beyond NOK 3,0 million
in Q1 2024.

• Ad revenues generated from 167 countries in Q3 2023.

• Grantway had more than 220 000 funding opportunities available across 186
countries on September 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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604025_Induct - Interim Report Q3 2023.pdf