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Tegevusaruanne 2023

Company Overview:

Since its inception, RnD Labz Ou has demonstrated steady growth in the software development and marketing consultation sectors. In line with our ongoing commitment to excellence and innovation, we underwent a rebranding exercise in 2022 to signify a new focus on B2B Web2 to

Web3 development. This change is a testament to our adaptability and preparedness to cater to the changing demands of the digital space. In 2023, the company's sales revenue amounted to EUR 503 770, and the profit to EUR 89 869.

Business Activities:

In 2023, we solidified relationships with existing key clients and embarked on new substantial projects that are projected to span into 2024. Our main activities continued to focus on delivering superior software development solutions and providing strategic marketing consultation. Despite the global challenges, our dedicated team ensured that our clients received high-quality services, further propelling us in our growth trajectory.

Investments:

While the year 2023 saw limited financial investments, we recognize the importance of continuous growth and improvement for sustaining our market position. In the upcoming year, we are committed to investing further into our infrastructure and human resources. This investment will enable us to deliver better services, improve operational efficiency, and provide our clients with innovative solutions tailored to their specific needs.

Research and Development:

During 2023, our focus remained primarily on executing the projects we had in hand, and as such, we did not embark on any specific research and development projects. However, in 2024, we will continue to allocate resources towards advancing our technology and skillsets. Our aim is to be at the forefront of the software development and consultation sectors, and our ongoing commitment to internal improvement and learning is a critical part of this objective.

Future Outlook:

Looking ahead, we anticipate continuous growth in revenues for the following year. We attribute this expected growth to our established relationships with key clients, coupled with our commitment to providing high-quality, innovative solutions. Furthermore, our strategic shift towards B2B Web2 to Web3 development signifies our readiness to adapt to emerging market trends, positioning us for sustained success in the future.