XMReality reported sales of SEK 3m, which thereby came in below our forecast (SEK 3.7m). The gross margin improved by 23 p.p. (y/y) as an effect of a greater share of software sales. It keeps attracting interest from large industrials, which brings solid revenue potential. Software sales are, however, not currently growing at the pace that we had forecasted and we will, therefore, revise our sales forecast in our coming update.