XMReality AB - The SiLLC Assembly

XMReality signs global framework agreement with Verisure

Verisure SARL, the Swiss headquarter of Verisure, and XMReality AB have signed a global framework agreement for XMReality Remote Guidance. Verisure will initially make a deployment of XMReality Remote Guidance in their technical support function for home alarms in Sweden.

(Tue, Feb 01, 2022 12:23 CET) Verisure is a leading provider of professionally monitored security solutions. The company has more than 4 million customers in 16 countries across Europe and Latin America. Their business model integrates product development, design and sales with installation, service and a 24/7 professional monitoring solution.

“We are very pleased to have signed this global framework agreement with Verisure. It’s a great possibility to grow the usage of XMReality Remote Guidance within the B2C-market. The agreement also sets the base for a fast expansion within Verisure, both in terms of functions across the company and deployment in the other 15 countries of operations. The monetary value of this agreement remains to be seen within the coming 12 months.”, says Andreas Jonsson, Chief Business Development Officer at XMReality.

For more information, please contact:
Johanna Edepil, CMO XMReality
Phone: +46 730 981 281
E-mail:

About XMReality Remote Guidance™
XMReality Remote Guidance is an AR-enabled knowledge sharing tool that lets you communicate with gestures, speech, chat and pointers with someone at a completely different place. It includes:

A unique hands-overlay technology that lets you guide someone else’s hands—as if you were there.
A web portal to manage teams and users, and to measure usage
Integration through client-side API’s (Application Programming Interfaces)

About XMReality
XMReality AB (publ) develops and sells solutions that revolutionize knowledge transfer through so-called Augmented Reality (AR). The company is a market leader in remote guidance where you guide a person on site via AR to solve problems or prevent them from occurring. The product is used globally in more than 60 countries. ABB, Nestlé, Electrolux, Sidel, Heineken and Saab are examples of the more than 100 customers. XMReality is based in Linköping and in the U.S. and is listed on the Nasdaq First North Growth Market (ticker: XMR). For more information, visit: www.xmreality.com

About Verisure
Read more about Verisure here: www.verisure.com

Forward-Looking Statements

This release contains certain “forward-looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, “proposes” or similar terminology. Forward-looking statements and information include, but are not limited to, Company’s operations and sustainable future profitability; potential further improvements to the profitability and efficiency across operations by optimizing cryptocurrency mining output, continuing to lower direct mining operations cost structure, and maximizing existing electrical and infrastructure capacity including with new mining equipment; continued adoption of cryptocurrency. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the inherent risks involved in the cryptocurrency and general securities markets; the Company’s ability to successfully mine digital currency; revenue of the Company may not increase as currently anticipated, or at all; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties. The Company does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

XMReality : Year-end Report 2020

02/11/2021 | 02:37am EST

Year-end report

XMReality AB (publ), Year-end report for 2020

A record quarter and a record year! Net Sales grew under the quarter with 119 percent and the Order Intake with 86 percent. The Net Sales growth on an annual basis was 74 percent, the corresponding number for the Annual Recurring Revenues (ARR) was 117 percent.

The quarter October – December 2020

Net sales amounted to SEK 7,072 thousand (3,222).
Cost totaled SEK -14,482 thousand (-12,374).
The operating loss before appropriations was SEK -6,736 thousand (-7,676).
Net cash used in the period was SEK -4,703 thousand (-8,414) and the equity/assets ratio at the end of the period was 59.6 (61.8) percent.

As per the previous year, the final quarter did see a strong Order Intake with an 86 percent growth to SEK 10 919 thousand (5 868). The Net Sales grew as much as 119 percent.

Full year 2020

Net sales amounted to SEK 20,701 thousand (11,921).
Costs totaled SEK -48,059 thousand (-45,001).
The operating loss before appropriations was SEK -24,925 thousand (-27,364).
Net cash used amounted to SEK 9,267 thousand (-28,451).

On an annual basis the Order Intake grew with 76 percent to SEK 25 992 thousand (14 785). The Annual Recurring Revenues (ARR) rose 117 percent to SEK 17 553 thousand (8 086), the growth in Net Sales was 74 percent. The corresponding cost growth was only 7 percent which shows a very nice scalability. The order backlog, i.e. Order Intake which at the end of the period was not yet recognized as Net Sales, grew 85 percent to SEK 12 725 thousand (6 897). The majority of the order backlog is already invoiced to customers as the subscriptions normally are invoiced one year in advance.

Notable events during the quarter, October – December 2020

XMReality takes first step into APAC through reseller partnership with NTT Solutions, Nippon Telegraph and Telephone Solutions
XMReality has signed a three-year contract with Saab AB, a Swedish defense and security company who serves the global market with services and solutions within military defense and civil security, for Remote Guidance. The initial order value is approximately 1 600 TSEK
XMReality has signed a two-year Licensing and Service Agreement with health care company Baxter Medical AB. To start with the software will be deployed through the Nordic sales team for Advanced Surgery who is leading the initial pilot.
XMReality has received an order from IMI division Hydronic Engineering for XMReality Remote Guidance and supporting hardware
XMReality and Zebra Technologies, headquartered in Illinois, USA, have signed an agreement to offer XMReality Remote Guidance together with Zebra wearable solutions
Cytiva, formerly part of GE Healthcare Life Sciences, increases its use of XMReality by ordering additional licenses to cover all of its geographical footprint.

XMReality has signed a partnership agreement with Guohui Anchuang, a digital solution supplier for industrial platforms and RealWear (a major supplier of Smart Glasses).
Esko, a global company active in the packaging sector and headquartered in Gent, Belgium, has ordered XMReality Remote Guidance for a period of at least two years.

Notable events after the end of the period

XMReality in early January released several new features for XMReality Remote Guidance. The product development is customer driven and the new features include, amongst other, the possibility to invite non XMReality users to a multi-party call
Panasonic Homes, a subsidiary to Panasonic Corp., are active within the housing business with an expertise in home construction. They recently undertook their first project outside of Asia with a delivery of a prefabricated prototype home to New Zealand. Due to travel restrictions, XMReality Remote Guidance was used to lead the first stage of the build remotely from Japan.

Message from the CEO

XMReality´s CEO Jörgen Remmelg

2020 has been a very strong year for XMReality. Also, a year of significant change and a testament for how powerful a good vision- and strategy work is for the positive transition of a company. Indeed, we have had the market with us and an accelerated need for Remote Guidance as a consequence of the travel restrictions we have lived with during the majority of 2020. During the year we have more or less doubled our Order Intake, Net Sales and ARR at the same time as cost grew only 7 percent. This in itself is a definition of scalability which makes me proud of the team!

We act on a very healthy market where the growth is sufficient for the current players. This in turn means that we do not to the same degree have to steel market shares from the competition, which typically is more costly. Enterprise augmented reality software, i.e. gaming and hardware excluded, is expected to have a CAGR of at least 50 percent mid-term (see figure 1). The market growth during 2021 is projected to 66 percent. The majority of this growth is expected in areas where we are active and successful such as manufacturing industry, health care, facility management and automotive. We have very good growth ideas within these areas.

The Order Intake is growing at a good pace (see figure 2) and our customers are satisfied with the product, its functionality, stability and availability of the service. A clear trend during the year has been more competitive and structured procurements within our market segment. This is a sign of maturity and I am glad to note that we have won the majority of these that we have participated in. This drives new sales. Also, up-sales to existing customers is increasing where we sell more branding of the application which increases our stickiness. Also, in the Order Intake diagram you will see our typical seasonal variation with strong Q4’s and less strong Q3’s.

The Annual Recurring Revenus (ARR) make up some 80 percent of our business and is a central metric in the SaaS (Software as a Service) model. During the spring strategy work, we re-defined the activity formula with the objective to accelerate ARR growth. To now, for the FY2020, achieve an ARR-growth of 117 percent (see

This is an excerpt of the original content.

Disclaimer

XMReality AB (publ) published this content on 11 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 February 2021 07:36:01 UTC.

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