INDUCT - INTERIM REPORT Q2 2020
The Interim report for Q2 2020 for Induct has been approved by the Board of Directors. Highlights • Q2 2020 EBITDA of NOK 0.9 million and Net Profit of NOK 0.2 million compared to negative EBITDA of NOK 1.1 million and negative Net Profit NOK 2.3 in Q2 2019. • Q2 2020 revenue of NOK 2.0 million, compared to NOK 2.9 million in Q2 2019 (reduced consultancy revenue due to change in business model and Covid-19).• Operating cost of NOK 1.7 million in Q2 2020, down from NOK 4.9 million in Q2 2019.• Annualized Recurring Revenue (ARR) on a consolidated basis of NOK 12.2