GeoJunxion NV (ticker

GOJXN.AS) - Financial & Business update Q1 FY 2023-24 (July – September 2023) - Seite 3

Central to GeoJunxion’s strategy are:

• Cost effective research, sourcing, production, ingestion, and aggregation of geodata;
• Offering flexible licensing models at competitive pricing;
• Direct delivery of dynamic, up-to-date content via APIs;
• Highly flexible solutions and content creation;

Market Developments

We are currently experiencing that our existing and prospect clients are strictly monitoring their expenditures. They are prudent in starting big projects. This has negatively impacted our revenue in the past quarter and will continue to impact the subsequent quarters. Despite the revenue contraction in Q1 23/24, the interest in our Location Intelligence Services and, in particular, in new Last-Mile Mapping Services is evident.

GeoJunxion, like other companies, continues to be impacted by rising inflation rates, caused by raising energy and other raw material prices and supply chain disruptions. This impacts salaries, staff expenses, office costs and other indirect services. However, our OPEX costs remains under control due to diligent monitoring and continuous finetuning of our spending.

The largest market opportunity for GeoJunxion still remains with big Tech Companies, making extensive use of geo-localized data for their business and end-user solutions. In this market segment, we are still dedicating a significant portion of our resources to project execution, however, with the reduced/postponed investments of the big clients, we will have the opportunity to re-invest in developing and extending our premium location-aware products.

We continue to invest in the automotive industry. This is based on a strong interest in cost-effective mapping solutions, with the most up-to-date and relevant content. This increased demand is also linked with the implementation of advanced driver-assistance systems, such as ISA (Intelligent Speed Assistance) and the adoption of geofences for safety and environmentally conscious action in-car. Premium content pertaining to road safety, environmental sustainability and social utility therefore remains a primary focus in our strategy and product development.

In the last months, we started investing more in the new custom Last-Mile-Mapping services. This is a market showing a lot of positivity and dynamism. We are connecting with various potential clients and with particular interest on the sport industry, on museums, theatres, outdoor recreational venues, like camping sites and holiday/amusement parks, as well as on larger projects for municipalities and public administrations.