XMReality: First comment on Q1
Reported sales during Q1 amounted to SEK 1. 95m and thereby came in below our estimate of SEK 3m. The company also mentions that invoiced sales have increased and amounted to SEK 2. 6m, which not are included in the reported sales.
Costs were at the same time lower than expected, resulting in reported EBIT of SEK -6. 6m (vs estimate of SEK -8m). The positive news concerns the increasing base of licensed software users.