Jörgen Remmelg, CEO of XMReality AB (publ) (”XMReality” or the ”Company”) has participated in an interview with Erik Penser Bank in connection with the ongoing rights issue. Jörgen talks about the Company’s improved product and its financial targets. Previously this year, the Company launched a new updated version of the Company's AR-product with additional product functions that enable, among other things, the scheduling of group calls and that you can now be up to 20 people in a single call. The new product functions have already generated follow-up orders from the Company's existing customers, which creates good conditions for reaching the Company's communicated financial targets of starting to generate positive cash flow at the end of 2024, an ARR of SEK 75 million in 2025 with an associated EBITDA of 15 percent
XMReality AB (publ) (”XMReality”) today announces that the prospectus relating to XMReality's rights issue (the "Rights Issue") has been approved and registered by the Swedish Financial Supervisory Authority (the “SFSA”, sw. Finansinspektionen) (the "Prospectus"). The Prospectus can be obtained on XMReality's website, Erik Penser Bank's website and the SFSA's website
XMReality continues to expand within the UK housing sector and has now signed an agreement with one of the country’s leading housing associations: Sovereign Housing Association. Sovereign manages over 60,000 properties in the UK and is committed to becoming a modern, connected business with digital services that provide a great customer experience for their tenants
Since spring of this year, XMReality has been working on obtaining a formal certification covering information security, ISO 27001, which the company has now been awarded. Both large and small customers have the area high on their agenda and some larger companies require this type of certification from their suppliers as cyber security, data protection regulations and access control are operationally critical. This certification covers operations both in Sweden and in the US
XMReality AB has signed a Partnership Agreement with Nagarro, a global digital engineering leader. Nagarro is actively helping their clients to work smarter through Connected Worker offerings that empower the workforce with new digital tools. This partnership will initially combine XMReality’s software with Nagarro’s Connected Maintenance Platform (CMP), which helps enterprises carry out maintenance activities and document all procedures
XMReality AB (publ) carries out fully secured unit issue of about SEK 20 million and directed issue of about SEK 6 million and resolves upon a long-term bank loan of SEK 5 million THIS PRESS RELEASE MAY NOT BE PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY IN OR TO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IS IN WHOLE OR IN PART FOR LEGAL RESTRICTIONS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN XMREALITY AB. SEE ALSO THE "IMPORTANT INFORMATION" SECTION BELOW. The board of directors of XMReality AB (publ) (”XMReality” or the ”Company”) has today, subject to subsequent approval by an extraordinary general meeting, resolved to carry out a fully secured new issue of units, consisting of shares and warrants, with preferential rights for existing shareholders (the “Rights issue”) amounting to about SEK 20.3 million initially and a directed issue of units (the “Directed issue”) amounting to about SEK 5.9 million), before issue costs. The subscription price has been set at SEK 0.55 per unit. If all warrants are exercised, the Company can receive an additional maximum of approximately SEK 23.8 million. Furthermore, XMReality has resolved to take out a long-term bank loan of SEK 5.0 million, which further strengthens XMReality's liquidity and financial flexibility
XMReality Inc. has signed an annual subscription agreement with Alta Forest Products based in Chehalis, Washington. Alta Forest Products is the world’s largest producer of wood fence boards. A technology driven company dedicated to sustainable forestry and zero-waste manufacturing, Alta Forest Products is using XMReality to reduce manufacturing downtime across its North American locations and for remote support of repair operations
The Annual Recurring Revenues (ARR) turned slightly in a positive direction and increased 2 percent compared to Q2 this year. Net Sales decreased by 15 percent compared with the previous period. The company also communicates its financial goals
