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INDUCT - INTERIM REPORT Q4 2019

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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 than 147.000 registered named users, while 4.700 unique users have been active in Q4 2019.

 

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.

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innovation Innovation communities

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