Operational Highlights and Financial Performance as of June 3, 2024:
Unique users on the product: 921 (+80)
Unique company logos won: 56 (+8)
Weighted value of deal pipeline: 68 (-23)
Churn company logos: 37 (+13) 

May was a transformative month for Uniscale in many ways. 
Key focus has not necessarily been to get as much new logos on board as
possible, but rather focus on the correct customer profiles and larger clients. 
This is clearly visible through the development of number of seats per logo.
Comparing with March we have been able to increase this with 3.7x per new logo
signing up. 

Uniscale has also changed its price plans, where the most notable change is the
offer of manual onboarding offer to larger customers. There is a temporary
necessity to help such customers get started in order for them to experience
real value as soon as possible. We are still investing heavily into onboarding
material, tutorials and simplifying the user experience. The short-term goal is
that these efforts will allow for self-onboarding of all customer types, without
manual involvement. This is a prerequisite for future scalability.
  
Furthermore, we are witnessing a user base that is increasingly committed to our
products, providing valuable feedback and very encouraging customer
testimonials. 

As previously communicated, Uniscale is going through a scale up phase where we
are continuously doing process improvements. This also means that the focus and
improvements areas change from period to period. While the beginning of the year
was highly focused on sales volume, processes and channels, the current period
is more focused on usability, simplifying communication, scalability and
retention.

One of the things that have been missing is an introductory video of what
Uniscale is all about. Although we are really proud of the previously launched
product demos, the new video brings everything to a more high-level and value
based understanding: 

https://youtu.be/anL_ge_y5H0
 
Looking Forward: 

We are experiencing attention and engage with large enterprise customers that
could, if we reach agreement, be transformative for the business. It could be
partnership, joint-ventures or similar, that could lead to a substantial volume
uptick for Uniscale if successful. There is no guarantee, but we hope to be able
to announce positive news on this shortly.

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