INDUCT - INTERIM REPORT Q4 2019
The Interim report for Q3 2019 for Induct has been approved by the Board of Directors. Highlights · Q4 2019 positive EBITDA of NOK 2.8 million compared to minus NOK 1.9 million in Q4 2018. · Q4 2019 revenue of NOK 4.0 million, down from NOK 5.3 million in Q4 2018 due to less consulting revenue. · Operating cost of NOK 4.2 million in Q4 2019, down from NOK 7.2 million in Q4 2018. · 5 new subscription contracts on Q4 2019. · Annualized Recurring Revenue (ARR) on a consolidated basis of NOK 12,2 million – up from NOK 10.9 million in Q4 2018. · Our platform has more