XMReality is expanding its efforts in Germany by offering XMReality Remote Guidance to German industrial companies. In February, XMReality registered a German subsidiary, XMReality GmBH, and its investment in sales and marketing activities towards German industrial companies is now being expanded
The spread of the Coronavirus is now affecting companies globally and has resulted in both travel restrictions and recommendations to work from home. This is having a big impact on businesses such as servicing and repairing of technical equipment, which require expert knowledge that is often unavailable locally. XMReality is therefore offering affected companies cost-free use of the XMReality Remote Guidance service for an extended trial period during the Corona crisis. This so that experts can effectively provide technical support remotely without having to travel
Linköping, Sweden—XMReality AB (publ) (NASDAQ First North: XMR) announces that Minebea Intec, a global leading manufacturer of industrial weighing and inspection technologies, is expanding their roll-out plans for XMReality Remote Guidance beyond the European market. During 2020, markets including North and South America, India and Asia will also be able to access XMReality Remote Guidance for service-related tasks
Ahead of the Annual General Meeting of XMReality AB on April 27, Director Johannes Fabó and Chairman Claes Nylander have informed the Nomination Committee that they do not intend to stand for re-election. The Nomination Committee has decided to propose that the Annual General Meeting elect Björn Persson as the new Chairman of the Board. Björn Persson is Investment Manager at Investment AB Spiltan, which is the largest shareholder in XMReality AB, and was a Director during the period 2014-2018 and has been again since 2019
Order intake and billing in 2019 for software-as-a-service subscriptions (SaaS), which are now the company’s dominant source of revenue, increased by 86 percent and correspond to 96 (70) percent of XM Reality’s total order intake and billing. The gross margin rose to 93 (82) percent for the full year and 95 (83) percent in the fourth quarter. The company now has XMReality Remote Guidance subscription agreements with 55 customers
At the end of March, XMReality’s current CEO Johan Castevall will hand over to Jörgen Remmelg, who will join us from international high-tech company Ruag
Sidel, a world-leading packaging group and one of three industry groups of Tetra Laval, has signed a global contract with XMReality to improve their customer service and field service operations. Sidel will expand the existing use of XMReality Remote Guidance worldwide
A large number of breweries around the world will now get access to technical support through XMReality Remote Guidance. Anheuser Busch InBev NV, the world’s largest brewery and owner of 500 beer brands, known brands such as Corona, Budweiser, Stella Artois and Beck’s has chosen XMReality to build a world class service
Strömsholmen, an internationally leading manufacturer of gas springs and gas hydraulic systems for press tools and heavy off-road vehicles, is making a strategic investment in Remote Guidance. After a year of successful internal use, the solution is now being rolled out globally, focusing on unsurpassed partner and customer support
There was a strong growth in sales of software subscriptions during the quarter compared to the preceding year. The steep rise in the gross margin also continued, accompanied by strong demand from several of our largest customers. XMReality’s total sales for the third quarter fell slightly compared to the same period in 2018, as an effect of the sales mix, which is undergoing a change and becoming dominated by software subscriptions, which represented 78% of sales at the end of the period. Short term, the change in the mix has a negative effect on sales growth but a positive effect on the gross margin. The proportion of subscription revenue is expected to continue rising in future