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Total order intake for Q1 2024 has increased by 54 percent compared to Q1 2023. However, net sales was down year-over-year, and the company's ARR was also down somewhat, both as a result of continued downsizing for some larger customers who don't have the same licensing needs as during the pandemic. The company's measures to reduce the cost base that were implemented at the end of 2023 are now yielding results in the form of 20 percent lower costs for Q1 2024 compared to Q1 2023
XMReality's board has decided to publish the report for the first quarter of the financial year on Monday, April 22, 2024, instead of May 30, as previously communicated in the Company's financial calendar. The reason for the date change is that the work on the interim report has been completed earlier than planned
Today, the board of XMReality AB (publ) has decided to draw up a balance sheet for liquidation purposes. The decision has been taken for precautionary reasons, and the board expects the share capital to remain intact