Total order intake for Q1 2024 has increased by 54 percent compared to Q1 2023. However, net sales was down year-over-year, and the company's ARR was also down somewhat, both as a result of continued downsizing for some larger customers who don't have the same licensing needs as during the pandemic. The company's measures to reduce the cost base that were implemented at the end of 2023 are now yielding results in the form of 20 percent lower costs for Q1 2024 compared to Q1 2023.
The Quarter January -
Net Sales amounted toSEK 4,710 thousand (5,122)- Costs totaled
SEK -11,615 thousand (-14,603) - The operating loss before taxes was
SEK -4,278 thousand (-6,593) - Cash flow was
SEK -890 thousand (15,647) and the equity/assets ratio at the end of the period was 7.3 (51.5) percent
Order intake during the quarter was higher than the corresponding level in Q1 2023 and increased by 54 percent to
The company’s goals
Notable events during the period
XMReality informed that the company's CFO,Lotta Ekerbring , has announced her intention to retire. Lotta Ekerbring has been CFO atXMReality 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 onApril 2 .XMReality has changed Certified Adviser toCarnegie Investment Bank AB .XMReality has signed a new customer agreement with Kloppenberg, a subsidiary ofMiddleby Corporation .Sumitomo (SHI) Demag Plastics Machinery North America signs agreement withXMReality to strengthen its customer support.XMReality expands within NIBE through implementation atKNV Energietechnik GmbH , a NIBE-owned company.
Notable events after the period
XMReality AB (pub) – update regarding the company’s working capital needs.XMReality is implemented by theAmico Group of Companies , a manufacturer and global distributor of equipment in the hospital industry.- The board of
XMReality AB (publ) has decided to draw up a balance sheet for liquidation purposes. The decision has been taken for precautionary reasons, and the board expects the share capital to remain intact.
Link to the report website: https://www.xmreality.com/en/investors/reports-and-analyzes
The company's Certified Adviser is
Email: certifiedadviser@carnegie.se
© Modular Finance, source