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.
The Board of Directors of XMReality AB (publ) (“XMReality” or the “Company”) has, with authorization from the annual general meeting held on May 4, 2023, resolved on a directed share issue of 13 834 884 shares at a subscription price of SEK 0.43 per share to Investment AB Spiltan, Rotakorn Electronics Holding AB, Rambas AB and certain other existing well-capitalized and reputable shareholders (the “Directed Share Issue”). Through the Directed Share Issue, XMReality will be provided with approximately SEK 5.95 million before transaction costs.
Coor and XMReality have signed a framework agreement to deliver XMReality Remote Guidance. Coor is a leading provider of integrated Facility Management services in the Nordics. Coor Sweden has been a customer of XMReality since 2022 and has used the solution on the Swedish market. The new framework agreement is written with Coor Group, which covers all of Coor's units, and aims to make it easier to increase the use of XMReality for the entire Nordic region.
XMReality announces that it has signed a new client deal with ICETRO America, a global leader in the manufacturing of commercial machinery for ice cubes, soft serve ice cream, slush, and ice/water dispensers.
The third quarter saw a strong increase in order intake, 82 percent compared to the same period last year. The total order intake from January to September has also increased, as a result of the strong customer growth, and is up 34 percent compared to last year. Net sales increased by 8 percent for the quarter and by 7 percent for the first nine months compared to the same period last year. The company continues its work to reduce costs and for the period they were 14 percent lower than the previous year. To reach the communicated goal of becoming cash flow positive by the end of 2024, the company will further reduce costs and streamline the organization. In connection with this, the company is also revising its target for ARR growth.
XMReality AB has decided to postpone the publication of the interim report regarding the third quarter. Previously announced date of publication was Thursday, October 19th, 2023. New date of publication is Thursday, October 26th, 2023.
XMReality sees a strong increase in interest in the global market for its services and has so far this year taken on board over 30 new customers. Which is an increase of over 100 percent compared to the number of new customers for the full year of 2022. The company is also in dialogues with several stakeholders regarding potential consolidations.
The U.S. entity of XMReality, XMReality Inc., has just signed a new customer within the food production industry – JLS Automation. This is one of several new customer deals that the U.S. subsidiary has brought in during the past months within the food and beverage segment, indicating a growing momentum for XMReality’s U.S. sales.