Brief: XMReality Q1 Operating Loss Before Taxes Narrows To SEK 4.3 Mln

XMReality AB (publ)

22/04/2024 07:38

April 22 (Reuters) - XMReality AB (publ)  XMR.ST :
    * Q1 OPERATING LOSS BEFORE TAXES WAS SEK -4,278 THOUSAND
(-6,593)
    * Q1 ORDER INTAKE INCREASED BY 54% TO SEK 6,350 (4,129)
THOUSAND
    * FINANCIAL GOAL, TO START GENERATING POSITIVE CASH FLOW BY
END OF
2024, REMAINS
    * NET SALES, ARR HIT BY CONTINUED DOWNSIZING FOR SOME LARGER
CUSTOMERS WHO DON'T HAVE SAME LICENSING NEEDS AS DURING PANDEMIC
    * COST CUTS MEASURES YIELD RESULTS IN FORM OF 20% LOWER
COSTS FOR
Q1 2024 COMPARED TO Q1 2023
    * GOAL TO START GENERATING POSITIVE CASH FLOW BY THE END OF
2024,
REMAINS

Source text for Eikon:  ID:nMFN8zW7rj 
Further company coverage:  XMR.ST 

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