Nomination committee appointed ahead of 2024 annual general meeting in XMReality AB (publ.)
XMReality announces that the nomination committee has been appointed ahead of the 2024 annual general meeting of shareholders
Updated strategy drives customer growth and cost reductions at XMReality
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 to increase its customer base in the US with Follett Products as the latest addition
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) changes its liquidity provider to Carnegie Investment Bank AB
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
XMReality selected by Freudenberg e-Power Systems
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
XMReality has resolved on a directed share issue of approximately SEK 5.95 million at a subscription price of SEK 0.43
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
XMReality signs framework agreement with Coor
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 signs new client deal with ICETRO America
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
XMReality Interim report, Group overview July - September 2023
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 postpones the publication of its interim report for the third quarter until October 26th 2023
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