As of Monday, October 21, 2024, XMReality AB (publ) will change its reporting language to only Swedish. This means that press releases and quarterly reports will henceforth be published only in Swedish and no longer in English, which the company has previously used as a secondary language for its communication.
"This is one of many measures we are now implementing to reduce the company's cost base while focusing our resources on growth," explains CEO Alexander Sandström. "The majority of our investors are based in the Swedish market, and therefore, we have chosen to no longer communicate in both Swedish and English, but only in Swedish. The time and resources we save from this will instead be used for marketing and growth, which is our top priority at the moment."