XMReality AB (publ) Interim report, April – June 2021

The Annual Recurring Revenue (ARR) increased by 23 percent compared to last year’s quarter. The corresponding increase in Net Sales and Order Intake were 2 percent.

The quarter April – June 2021

• Net sales amounted to SEK 5,654 thousand (5,549)
• Costs totaled SEK –13,994 thousand (-13,302)
• The operating loss before appropriations was SEK -7,749 thousand (-7,159)
• Cash flow for the period was SEK -6,198 thousand (-11,866) and equity/assets ratio at the end of the period was 79.9 (71.5) percent

The growth in Net Sales was 2 percent. The Annual Recurring Revenue (ARR) rose 23 percent to SEK 17,555 thousand (14,318). The absolute majority of the revenue continue to be recurring software subscriptions. The gross margin remained high and 90 percent for the quarter.

Order Intake grew with 2 percent to SEK 6,589 thousand (6,435). Cash and cash equivalents amounted to SEK 62,825 thousand at the end of the quarter. The order backlog, order intake that at the end of the period had not yet been recognized as revenue as net sales, increased by 47 percent to SEK 15,136 (10,303) thousand.

The half year April – June 2021

• Net sales amounted to SEK 11,498 thousand (9,032), (+27 percent)
• Costs totaled SEK –26,593 thousand (-24,158), (+10 percent)
• The operating loss before appropriations was SEK -14,003 thousand (-13,760)
• Cash flow for the period was SEK 44,210 thousand (17,119)

Notable events during the quarter April – June 2021

• Kongsberg Precision Cutting Systems, a manufacturer of state-of-the-art digital cutting systems used for precision cuts at high speed has signed a two-year software subscription contract for XMReality Remote Guidance.
• XMReality has received orders from Danone totaling 800 000 SEK. The orders cover annual software subscriptions with automatic renewal and contain as such no hardware. XMReality also signed a glabal framework agreement with Danone on 14 June.
• XMReality AB (publ) has received an order from IMI division Critical Engineering for XMReality Remote Guidance. The contract covers a 24-month software subscription including branding which is additional
• XMReality latest product release includes several new product features: the ability to show and guide on recorded videos from mobile applications, additional languages, improvements to the ‘Web Guide Station’ and the mobile application interface.

In this video Jörgen Remmelg, CEO of XMReality, together with Caroline Palm, Content Manager, talks about the reported result for the company and which events that are particularly interesting to highlight for the investors.

Link to the interim report website: https://xmreality.com/investors/finansiella-rapporter-analyser-och-dokument/

This disclosure contains information that XMReality is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 12-08-2021 08:30 CET.

For more information, please contact:
Jörgen Remmelg, CEO XMReality
Phone: +46 739 822 409
E-mail: jorgen.remmelg@xmreality.se

About XMReality
XMReality AB (publ) develops and sells solutions that revolutionize knowledge transfer through so-called Augmented Reality (AR). The company is a market leader in remote guidance where you guide a person on site via AR to solve problems or prevent them from occurring. The product is used globally in more than 60 countries. ABB, Nestlé, Electrolux, Sidel, Heineken and Saab are examples of the more than 90 customers. XMReality is based in Linköping and the USA and is listed on the Nasdaq First North Growth Market (ticker: XMR). For more information, visit: www.xmreality.com

The company’s Certified Adviser is Redeye AB
Phone: +46 (0)8 121 576 90
Certifiedadviser@redeye.se 
www.redeye.se