XMReality

The Quarter October - December 2023, The Group

• Net Sales amounted to SEK 4,877 thousand (4,896)
• Costs totaled SEK -16,611 thousand (-17,622)
• The operating loss before taxes was SEK -9,367 thousand (-8,672)
• Cash flow was SEK -2,121 thousand (-4,957) and the equity/assets ratio at the end of the period was 24.6 (58.7) percent

The order intake during the quarter was lower than the corresponding level in Q4 2022 and decreased to SEK 6,167 (7,573) thousand, the order intake also includes some orders that cover two and three years. Net sales was largely unchanged at SEK 4,877 (4,896) thousand compared to the previous year. The annual recurring revenue (ARR) decreased and amounted to SEK 16,849 (17,857) thousand compared to Q3 2023. The absolute majority of the revenue is still recurring software subscriptions. The gross margin remained high at 92 (94) percent for the quarter. The order backlog, order intake that remains to be recognized as net sales, increased to SEK 10,895 (9,648) thousand compared to Q3 2023.

The period January - December 2023, The Group

• Net Sales amounted to SEK 19,788 thousand (18,804)
• Costs totaled SEK -61,319 thousand (-67,957)
• The operating loss before taxes was SEK -31,297 thousand (-36,751)
• Cash flow was SEK -5,832 thousand (-37,497)

Order intake for the full year was higher compared to 2022 and increased by 8 percent to SEK 16,801 (15,533) thousand, the order intake also includes orders relating to 2 and 3 years.

The company’s goals

XMReality's financial goal, to start generating positive cash flow by the end of 2024, remains.

Notable events during the period

• XMReality has implemented several cost savings of approximately SEK 20 million on an annual basis and updated the sales strategy.
• XMReality has changed liquidity provider to Carnegie Investment Bank AB
• XMReality has resolved on a directed share issue of approximately SEK 5.9 million at a subscription price of SEK 0.43 per share
• The company has signed a framework agreement with Coor, supplier of integrated Facility Management services in the Nordics
• During the quarter, XMReality signed several new customers, including ICETRO America, Follet Products and Freudenberg e-Power Systems.

Notable events after the period

• XMReality informed that the company's CFO, Lotta Ekerbring, has announced her intention to retire. Lotta Ekerbring has been CFO at XMReality since 2022 and will leave her position in the spring of 2024. Lotta will be replaced by Frida Finér, who, after hand-over, formally takes office on April 2.
• XMReality has changed Certified Adviser to Carnegie Investment Bank AB.
• XMReality has signed a new customer agreement with Kloppenberg, a subsidiary of Middleby Corporation.

Link to the report website: https://www.xmreality.com/en/investors/reports-and-analyzes

The information in this release is such that XMReality AB (publ) is required to make public in accordance with the Market Abuse Regulation issued by the EU. The information was released by the below mentioned contact person for publication on Thursday, February 15, 2024, 08:30 CET.

The company's Certified Adviser is Carnergie Investment Bank AB (publ)
Phone: +46 (0)73 856 42 65
Email: certifiedadviser@carnegie.se