INDUCT - INTERIM REPORT Q4 2023

15 Feb 2024 08:37 CET

The Interim report for Q4 2023 for Induct AS has been approved by the Board of
Directors.

• Total revenues are up by 12,6 % from NOK 21,4 million in 2022 to NOK 24,1
million in 2023. Total revenues decreased by 1,7 % from Q4 2022 to Q4 2023, from
NOK 5,8 million to NOK 5,7 million.

• Platform revenues are up by 6,3% from NOK 18,9 million in 2022 to NOK 20,1
million in 2023. Platform revenues decreased by 10 % from Q3 2023 to Q4 2023,
from NOK 5,0 million to NOK 4,5 million.

• A stable and high gross margin on platform revenues at 95,8 % in Q4 2023.

• Our EBITDA is down by 26,8 % from NOK 9,7 million in 2022 to NOK 7,1 million
in 2023. This is expected due to restructuring in 2023 and is expected to grow
in Q1 2024.

• Ad revenues generated from 142 countries in Q4 2023.

• Portsmouth Hospital University Trust (NHS) signed final approval for daily
clinical use of Induct's patient management system.

• Grantway had more than 250 000 funding opportunities available across 186
countries on December 31st, 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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610924_Induct - Interim Report Q4 2023.pdf