Redeye raises its fair value range on the back of XMReality’s strongest report to date. XMReality heads into 2021 with record order intake, order backlog and ARR, which now amounts to approx. SEK 18m. Also, XMReality benefits from being well-positioned in a market undergoing accelerated growth, which we believe will continue well into a post-corona environment. Our base case (SEK 10) factors in improved top-line growth and OPEX control.