CODELAB CAPITAL Oslo ,11 March 2024 CodeLab Capital AS is prepared to commence reporting on operational numbers for its subsidiary Uniscale AS. We aim to provide updates on actual KPIs at the beginning of each month. In the short and medium term, the company will focus solely on historical figures due to the uncertainty surrounding guidance and forecasts. Uniscale is currently in the initial phase of scaling up, navigating the uncertainties and risks associated with this stage. The company's initial focus is on the European market, with strategically established sales offices inBarcelona andCopenhagen .Henning Emil Olesen , Head of Sales, shares his excitement, stating, "The past four months have been incredibly exhilarating for us. Operationally we are building everything from the ground up - from ERP systems to sales presentations and employee training. In addition we are dealing with day-to-day challenges to optimize the commercial operations with continuously promising results. Our product undoubtedly offers substantial value to the market, whether with or without the new AI plugin, and we've received keen interest from potential clients. We are still in a learning phase where understanding lead times and refining our product are key. Initially we have reached out to selected SME customers, but lately we have experienced increasing demand from larger clients." Going forward the monthly reported numbers will encompass actual KPIs for the last month and year-to-date (YTD). Additionally, we will disclose the weighted volume of the deal pipeline, although this remains subject to high uncertainty in the next six months until a more robust dataset provides better analytical evidence. The company will with due care make necessary adjustments as we progress. As ofMarch 1, 2024 , the actual YTD numbers are as follows: Unique users on the product: 541 Unique company logos won: 15 Weighted value of deal pipeline: 45 Churn company logos: 2 By 'users,' we mean registrations with unique email addresses. One company logo can contain multiple seats. Weighted volume of pipeline consists of potential customers in the deal pipeline with the weighted probability. 'Won' represents company logos that have registered a credit card for payment. We remain very confident in our product and its future potential. Our focus in the short and medium term is to strengthen commercial efforts, boost sales, improve product communication, enhance UX in the product, and refine self-onboarding processes, to deliver an even better product and achieve even better numbers in the future. For further information, please contact: CEOKristian Ikast : ki@codelabcapital.com CFOChristoffer Mathiesen : cm@codelabcapital.com
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