INDUCT - INTERIM REPORT Q1 2020
The Interim report for Q1 2020 for Induct has been approved by the Board of Directors. Highlights · Q1 2020 EBITDA of NOK 0.7 million and Net Profit of NOK 0.01 million compared to negative EBITDA of NOK 1.8 million and negative Net Profit NOK 2.9 million in Q1 2019 · Q1 2020 revenue of NOK 3.7 million, compared to NOK 3.5 million in Q1 2019. · Operating cost of NOK 3.6 million in Q1 2020, down from NOK 6.3 million in Q1 2019 · Annualized Recurring Revenue (ARR) on a consolidated basis of NOK 12,3 million – up from NOK 11.0 million in Q1 2019 · Our platform has more