English

INDUCT - INTERIM REPORT Q3 2019

Report this content

The Interim report for Q3 2019 for Induct has been approved by the Board of Directors.

 

Highlights

  • Q3 2019 adjusted EBITDA of NOK 0.15 million (adjusted with one-off costs) compared to minus NOK 2.7 million in Q3 2018.
  • Q3 2019 revenue of NOK 4.1 million, up 43 % from NOK 2.8 million in Q3 2018.
  • Our platform has more than 146.000 registered named users, while 4.500 unique users have been active in Q3 2019.
  • 2 new subscription contracts on Q3 2019.
  • Annualized Recurring Revenue (ARR) on a consolidated basis of NOK 11,8 million – up 13 % from Q2 2018.
  • Operating cost of NOK 5.7 million in Q3 2019, down from NOK 6.5 million in Q3 2018.

Please find the full Interim Report enclosed.

 

 

           

For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35
amj@inductsoftware.com


About Induct

Based on ten years of collaboration with more than 250 organizations, Induct offers collaborative communities, delivered as "Software as a Service," that enable organizations to digitalize and manage business processes. This also include create, manage, track and measure the innovation process from idea creation through to final implementation and impact reporting. Induct enables its customers to connect with each other in larger networks to share best practices, while deploying and monetizing initiatives - all within a secure, collaborative, and access-controlled cloud-based network.

Induct is listed on the Merkur Market list on the Oslo Stock Exchange with the ticker INDUCT-ME.

Tags:

innovation Innovation communities

Documents & Links