Irisity AB (publ) delivers growth with strengthened margins and improved profitability.
The CEO comments on the second quarter: Irisity continues its growth journey with maintained investment pace and cost control. Our net sales increased 60% on an organic basis and by 144% to SEK 31.9 million (13.1) including acquisitions. The gross margin strengthened during the quarter to 83.4 percent (58.2), and the monthly recurring revenue (MRR) was SEK 5.5 million (7.0) Q/Q. We turned to positive EBITDA, which amounted to SEK 1.2 million (-2.6) including extensive pilot installations. The net result was negative because of large amortization of goodwill and intangible assets after