Irisity AB (publ) delivers a first quarter with increased sales and improved margins.
The CEO comments on the first quarter: Net sales during the period amounted to SEK 11.3 million (9.8) and capitalized work to SEK 4 million (3.1). EBITDA amounted to SEK -0.5 million (-0.8) and profit after tax to SEK -3.8 million (-4.2). The gross margin was 72.8 percent (64.3). Cash and cash equivalents at the end of the period were SEK 56.1 million (34.6). We had a strong start of the year, with increased net sales and improved margins. The monthly recurring revenue (MRR) grew by 27 percent quarter-to-quarter. EBITDA was burdened by recruitment costs but follows the plan, as does