Irisity AB (publ) reports strong order intake in the fourth quarter with revenue recognition expected in the coming months.
The CEO comments on the fourth quarter: We ended the year and the quarter with a strong order intake of just over SEK 45 million, well distributed between our priority markets in the USA, Europe, and Asia. Several of these agreements were concluded late in the year, which is why this, together with a new assessment of projects in Holland, the UAE and Singapore, based on delivery status, led to a shift in revenue to the coming months. For the quarter, this means that net sales decreased by 66% to 12,5 MSEK (35.8) and that EBITDA was –14,4 (8.6). The gross margin amounted to