Streamlining Irisity's global operations for profitability and growth.
The CEO comments on Q1 2024:
In Q1, we took significant steps towards profitability and growth. In the quarter, our growth initiatives included closing a large new transportation contract, expansion into AI use cases focused on industrial workplace safety thru the agreement to acquire of Ultinous Zrt, and the opening of sales office in
We have maintained a consistent net sales volume over the past 5 quarters above 27 MSEK and MRR of 4.4 MSEK. On a year over year basis, we improved Q1 net sales and EBITDA, however Q1 expenses were higher because of our increased investment in the sales organization to drive sales growth throughout 2024.
Key figures Q1 2024:
- Net sales MSEK 27.6 (27.5).
- Gross margin 82.7%, (83.8%).
- EBITDA MSEK -3.3 (-5.5)
- Result after tax MSEK -31.0 (-32.5)
- Cash and cash equivalents at the end of the period MSEK 15.2 (31.0)
- MRR at the end of the quarter amounted to MSEK 4.4 (4.4) Q/Q
The 2024 Q1 report is available at www.irisity.com
For further information:
Phone: +46 771 41 11 00 Phone: +46 709 10 81 08
E-mail: keven.marier@irisity.com E-mail: anna.forsberg@irisity.com
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