XMReality AB : (publ) interim report, July - September 2021

Order Intake increased 72 percent compared with the same quarter last year. The corresponding growth in Annual Recurring Revenue (ARR) was 22 percent and 17 percent for Net Sales.

The quarter July - September 2021

• Net Sales amounted to SEK 5,376 thousand (4,597)
• Costs totaled SEK -12,873 thousand (-9,419)
• The operating loss before appropriations was SEK -7,027 thousand (-4,430)
• Cash flow for the period was SEK -9,349 thousand (-3,149)
• Equity/assets ratio at the end of the period was 80.8 (73.5) percent

The growth in Net Sales was 17 percent. The Annual Recurring Revenue (ARR) increased with 22 percent to SEK 18,523 (15,155) thousand. The absolute majority of the revenue is still recurring software subscriptions. The gross margin remained high and 90 percent for the quarter.

Order Intake increased by 72 percent to SEK 5,135 (2,985) thousand. Cash and cash equivalents amounted to SEK 53,475 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 Net Sales, increased by 70 percent to SEK 14,964 (8,785) thousand

The period January - September 2021

• Net sales amounted to SEK 16,875 thousand (13,629)
• Costs totaled SEK -39,466 thousand (-33,577)
• The operating loss before appropriations was SEK -21,030 thousand (-18,190)
• Cash flow for the period was SEK 34,861 thousand (13,971)

Notable events during the quarter July - September 2021

• XMReality AB and Tekniska Verken, a municipally owned company in Linköping, have signed a 24-month agreement with the aim of delivering Remote Guidance to most business areas within the Group. The total contract value for the two-year period amounts to SEK 900 thousand and covers only software.
• Anheuser-Busch InBev and XMReality AB has signed a master agreement to provide Remote Guidance for the European zone. The initial order includes licenses for XMReality Remote Guidance with branding. The total order value is 570 TSEK of which 90% is annual software licenses.

Notable events after the period

• XMReality has now joined the Microsoft Partner Network (MPN) as an Independent Software Vendor (ISV). The partner program provides resources that enable XMReality to scale and grow worldwide. It allows XMReality to engage with Microsoft's global ecosystem as well as market XMReality Remote Guidance in their channels.

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 21-10-2021 08:30 CET.

For more information, please contact:
Jörgen Remmelg, CEO XMReality
Phone: [phone]
E-mail: [e-mail]

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: [phone]
[e-mail] 
www.redeye.se

https://news.cision.com/xmreality/r/xmreality-ab--publ--interim-report--july---september-2021,c3436579

https://mb.cision.com/Main/14555/3436579/1483600.pdf

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