The Interim report for Q1 2024 for Induct AS has been approved by the Board of
Directors.

o Total revenues of NOK 5,7 million in Q1 2024 compared to NOK 5,9 million in Q1
2023. 

o Platform revenues of NOK 5,0 million in Q1 2024 compared to NOK 5,2 million in
Q1 2023.

o Gross margin on platform revenues at 96,2%.

o EBITDA up by 39,4% from NOK 1,7 million in Q1 2023 to NOK 2,4 million in Q1
2024. 

For further information, please contact: Synnøve Jacobsen, Chief Executive
Officer +47 99 41 54 47 sj@induct.net 

About Induct Induct AS was established in 2007 and was a first mover in the
development of software as a service (SaaS) for managing innovation efforts in,
and between, organizations. Our software has enabled more than 350 organizations
worldwide to release the potential that lies in identifying new and good ideas
through innovation engagement and realizing the benefits of turning good ideas
into new ways of thinking, acting, organizing, and working. 

In 2020, Induct took a new step on its journey as a knowledge empowerment
provider. We launched a new digital platform - induct.net - where work and
collaboration are taken to a new level for organizations and individuals alike.
By removing unnecessary and unhelpful barriers to collaboration, the platform is
a unique facilitator of knowledge development and management, sharing and
empowerment within organizations, in collaborative networks, and in ecosystems.
Induct has offerings in three main segments: 1) Patient data and patient
management, 2) Grants and grant management and 3) Innovation and innovation
management.

Want to learn more? Visit us at induct.net