XMReality delivered sales growth of 37 percent for the second quarter of the year compared with the previous year and strong improvement in the gross margin to 87 (59) percent. Change was successfully implemented during the period in line with its strategy to increase subscription revenue.
The quarter: April–June 2019
· Net sales increased by 37 percent to SEK 2,993 thousand (2,186)
· Costs totaled SEK -11,997 thousand (-11,620)
· The net loss was SEK -7,585 thousand (-7 817).
· Net cash used in the period was SEK -4,233 thousand (-8,333) and the equity/assets ratio at the end