XMReality is making its interim report April—June 2018 public, it is available in its entirety as an attached document and on the company's website, www.xmreality.com.
The quarter, April–June 2018
- Net sales amounted to SEK 2,186 thousand (1,400)
- Costs totalled SEK -11,620 thousand (-8,808)
- The net loss was SEK -7,840 thousand (-5,215)
- Net cash used amounted to SEK -8,333 thousand (47,498) and the equity/assets ratio at the end of the period was 79.4 percent (90.4)
The order situation was successfully changed during the period in line with the Company’s strategy to increase the software component of sales. The Company allocates prepaid subscription revenue and hardware rental revenue across the period on a straight-line basis. Invoiced sales, which had not yet been recognised in revenue at the end of the period, increased by 126 percent to SEK 3,495 thousand (1,543).
The half year, January–June 2018
- Net sales amounted to SEK 4,139 thousand (2,313)
- Costs totalled SEK -22,777 thousand (-15,136)
- The net loss was SEK -15,168 thousand (-9,405)
- Net cash used amounted to SEK -15,907 thousand (40,804)
The Company allocates prepaid subscription revenue and hardware rental revenue across the period on a straight-line basis. There is a positive effect on cash flow when orders are written, but the effect of orders received on profit and loss during the period is limited, which has had short-term effect on the reported equity/assets ratio and earnings. Hardware sales are recognized in income when the goods are delivered.
Significant events during the quarter, April–June 2018
- Coesia Group signed general agreement with XMReality
- Vuzix entered into partnership with XMReality
- AGM held 23 May
Significant events after the end of the quarter
- Haas Group expanded its collaboration with XMReality
- American defence group placed a follow-on order with XMReality
- XMReality and Novacura initiated a strategic collaboration
For more information, please contact:
Johan Castevall, CEO XMReality
Phone: +46 (0)73 356 04 81
E-mail: johan.castevall@xmreality.se
About XMReality AB
XMReality AB (publ) develops and sells solutions that revolutionize knowledge sharing through augmented reality (AR). The company is a market leader in remote guidance, which uses AR to guide onsite staff so that they can resolve or prevent problems. XMReality’s customers are mainly global industrial companies, including Bosch Rexroth, ABB, Siemens Industrial Turbomachinery, Electrolux, and Bombardier. XMReality is headquartered in Linköping, Sweden, and is listed on Nasdaq First North (ticker: XMR).
www.xmreality.com
The company’s Certified Adviser is Redeye AB
Phone: +46 (0)8 545 013 30
This information is information that XMReality AB (publ) is obliged to make public pursuant to Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at Friday, August 17, 2018, 08:30 am CET.