XMReality Q2’18: Increased software sales
Research Note
2018-08-17
10:17
XMReality reported net sales of SEK 2.2m in Q2, which thus came in somewhat below our estimate of SEK 2.5m. Costs were in line with our estimates, which resulted in EBIT of SEK -7.8m (estimate: SEK -7.4m). The most interesting note is, however, that its invoiced sales have increased by 35% compared to Q1, implying that its sale of software licenses continues to grow rapidly.
DB
Dennis Berggren
Disclosures and disclaimers