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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Induct
Induct (INDCT) investor relations material
Induct Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary12 Nov, 2026
Executive summary
Q3 revenue fell 6.7% YoY to NOK 3.2m; reported EBITDA remained positive at NOK 0.45m, while the loss before tax widened to NOK 2.6m.
August’s guaranteed rights issue raised NOK 15.0m gross and supported continued development, commercialisation and working capital.
Financial highlights
Q3 platform subscription revenue was NOK 2.6m vs NOK 2.4m YoY; reported comparison includes a NOK 1.0m downward adjustment to Q3 2025 revenue.
Total revenue was NOK 3.151m vs NOK 3.377m; consulting revenue fell to NOK 15k from NOK 216k and research grants to NOK 554k from NOK 772k.
Reported EBITDA was NOK 450k vs NOK 1.603m; EBIT was a loss of NOK 2.470m vs NOK 1.631m, and net loss was NOK 2.644m vs NOK 1.725m.
Q3 operating expenses, excluding cost of sales and D&A, rose to NOK 2.5m from NOK 1.6m; higher personnel costs reflected less capitalised development payroll, while other costs included legal fees and lower subletting income.
Outlook and guidance
Priorities are converting leads into subscription contracts, developing sales partnerships, increasing adoption and restoring revenue growth while maintaining cost and cash discipline.
The Grant Finder next-generation platform is being developed to improve grant discovery through technical upgrades, domain expertise and AI; growth recovery is a stated priority.
Commercial efforts target Severe Asthma adoption in NHS England and expansion into other pathways, including the Portsmouth CRSWNP biologic-treatment pathway.
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Latest events from Induct
- Positive EBITDA and strong margins achieved amid lower revenues; NOK 15m rights issue completed.INDCT
Q2 2026 - Poised for rapid SaaS-driven growth in healthcare, targeting global care pathway leadership.INDCTCompany presentation
- EBITDA returned to positive territory as restructuring took effect, despite lower revenues.INDCTQ1 2026
- EBITDA swung to 7.5 MNOK, equity ratio hit 74%, and net debt dropped to 12 MNOK.INDCTQ4 2025
- EBITDA doubled and equity ratio neared 79% as margins improved despite lower revenue.INDCTQ3 2025
- EBITDA down 10% year-over-year; capital raised and UK expansion plans underway.INDCTQ2 2025
- Revenue and EBITDA fell in Q3, but cost cuts and new markets aim to restore growth.INDCTQ3 2024
- EBITDA more than doubled despite lower revenues, driven by efficiency and cost reductions.INDCTQ2 2024
- Collaboration accelerates high-margin asthma care scaling and global expansion with new pathways.INDCTInvestor Update
Next Induct earnings date
Q4 202611 Feb, 2027
Induct
Next Induct earnings date
Q4 202611 Feb, 2027
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Frequently asked questions
Induct AS, based in Oslo, Norway, is a technology company that specializes in the development of management software, operating both locally and internationally. The company provides a comprehensive digital platform designed to facilitate management and collaboration on various projects and contracts. This platform offers an array of features, including video meetings, task management, file management, document storage, news feeds, and chat areas. Induct's services cater to a diverse clientele, including organizations, business owners, entrepreneurs, teachers, nurses, parents, students, among others, aiming to streamline their operational processes and enhance collaboration.The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.