Irisity AB (publ) reports a quarter impacted by quarterly sales fluctuations.
The CEO comments on the third quarter: Irisity continues to focus on large international customers and long-term projects. In the third quarter several agreements were postponed to subsequent period. The quarter was also burdened by an aborted project in South America which amounted to 6 MSEK and a market in Sweden overshadowed by the privacy authority IMY's lengthy supervisory process. Net sales fell by 24% to SEK 13.3 million (17.2). The gross margin was 67.6 percent (59.1), and the monthly recurring revenue (MRR) was SEK 4.7 million (5.5) Q/Q. EBITDA amounted to -14 MSEK (