The total order intake for the year increased by 8 percent for 2023 compared to 2022. As a result of strong customer growth, XMReality now has more than 150 customers. Net sales increased by 5 percent in 2023 compared to 2022, while the quarter was unchanged compared to the same period last year. The company has significantly reduced costs during the quarter and will enter 2024 with a cost mass that is approximately SEK 20 million lower on an annual basis. For the full year 2023, costs were 10 percent lower compared to 2022, and for the quarter, costs were down 6 percent compared to the last quarter of last year. The effects of the cost adjustments will be visible from the beginning of 2024
XMReality has added Kloppenberg, a subsidiary of the Middleby Corporation, to its growing clientele. This collaboration further solidifies XMReality's position as a trusted partner for delivering cutting-edge remote support services to the food service manufacturing industry in the United States
Frida Finér will assume the position of CFO at XMReality AB on April 2, 2024, as the current CFO, Lotta Ekerbring, retires. With substantial experience in finance and international collaboration, amongst others with the United States, Frida will be an asset to the company's ongoing international growth
XMReality AB (publ) informs today that the company's CFO, Lotta Ekerbring, has announced her intention to retire. Lotta Ekerbring has been CFO at XMReality since 2022 and will leave her position in the spring of 2024. The company is now starting the process of finding a successor
2023 has been a year of record strong customer growth for XMReality as a result of an adjusted sales strategy, and the company has recently implemented several cost savings totaling SEK 20 million on an annual basis. The strategy adjustment and the associated cost reduction aim to reach the goal of positive cash flow in 2024
XMReality continues its growth in the US market, having increased the number of US customers by more than 160 percent so far this year. The latest addition is Follett Products, LLC, a distinguished provider of ice and beverage dispensing solutions, as well as medical-grade refrigerators and freezers for the foodservice and healthcare sectors. Follett Products has introduced XMReality's Remote Guidance™ software into its operations to deliver cutting-edge support to its customer base
XMReality AB (publ) has terminated the liquidity provider assignment with Erik Penser Bank AB and has appointed Carnegie Investment Bank AB as new liquidity provider starting on November 30th 2023
Freudenberg e-Power Systems, a global leader in the development and production of emission-neutral energy systems for heavy-duty applications, has started to use XMReality for field service operations. Freudenberg is dedicated to providing energy systems contributing to a sustainable and clean future, and with XMReality Remote Guidance they are making field service operations more sustainable through less travel
