Operational Highlights and Financial Performance as of September 1, 2024 (YTD):

Unique users on the product: 1330 (+148)
Unique company logos won: 107 (+12) 
New licenses won: 387 (+75)
Weighted value of deal pipeline: 125 (+24)
Churn company logos: 30 (+22), adjusted for 41 legacy churn logos (test
customers with typical 1-2 licenses). 

The activity of attracting new customers continued to be high in August with
more logos signing up, increasing number of users and increased value of deal
pipeline. 

As expected the month had rather high churn numbers as most of the added
customers the last two months were given trial periods over summer. We continue
to focus on the handover from sales to CX to facilitate better
training/onboarding of the customers. At the same time we are now receiving, for
the first time, a meaningful amount of feedback which cater for data driven
decisions to optimize adoption rates going forward.  

Our premium priced products are still our best selling choice. This product
allows the customers to utilize all our AI functionality.

In August Uniscale had high focus on developing customer onboarding processes
and experience. We continue to keep a high focus on operational improvements
like the above mentioned, but also on UX/UI and communication. The latter should
make it easier and more efficient for our customers to get started with the
products.

During August the last of the new share capital was transferred to CodeLab
Capital. This means that CodeLab has received the money from the share issue
(NOK 40m of gross proceeds) which comes in addition to the cash balance (as of
NOK 16m per 1H24). Giving Uniscale runway to deliver on the ongoing GTM.



For further information, please contact: 
CEO Kristian Ikast: ki@codelabcapital.com 
CFO Christoffer Mathiesen: cm@codelabcapital.com