Irisity AB (publ) delivers a good start to the year with continued strong growth.
The CEO comments on the first quarter: Irisity's net sales increased 42% on an organic basis and by 165% to SEK 30 M (11.3) including acquisitions. The gross margin was strengthened to 77,0 percent (72,8) and the monthly recurring income (MRR) was SEK 7.0 million. EBITDA amounted to SEK -4.8 million (-0.5) in the quarter and has been charged by pilot installations. Net income has been burdened by amortization of goodwill and intangible assets. The cash position follows plan. Through continued building of the sales force and our international market presence, as well as through