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XMReality AB
(XMR)
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Rating:50Neutral
Price Target:
kr0.03
Action:Reiterated
Date:09/30/26
The score is primarily driven by improving financial performance (positive EBITDA and free cash flow, low leverage) but held back by continued revenue decline and ongoing EBIT/net losses. Technicals add further pressure due to negative momentum signals, while valuation remains difficult to assess given a negative P/E and no dividend yield.
Positive Factors
Recurring software business model
Subscription-based software revenue can support repeatable monetization and deeper customer integration as organizations embed remote guidance into service and training workflows. This model may improve revenue visibility and scalability over time, while enterprise deployments can create opportunities for expansion.
Negative Factors
Continued revenue contraction
Ongoing top-line contraction signals that customer expansion and market penetration have not yet offset revenue losses. Persistent decline can limit operating leverage, weaken investment capacity, and make it harder for XMReality to convert its software model into durable earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring software business model
Subscription-based software revenue can support repeatable monetization and deeper customer integration as organizations embed remote guidance into service and training workflows. This model may improve revenue visibility and scalability over time, while enterprise deployments can create opportunities for expansion.
Read all positive factors
XMReality AB (XMR) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr31.24M
Dividend YieldN/A
Average Volume (3M)4.09M
Price to Earnings (P/E)―
Beta (1Y)-1.75
Revenue Growth-13.56%
EPS Growth96.77%
CountrySE
Employees5
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,220,487,500
10 Day Avg. Volume5,358,732
30 Day Avg. Volume4,088,866
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.10
Price to Sales (P/S)0.65
P/FCF Ratio-1.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
XMReality AB Business Overview & Revenue Model
Company Description
XMReality AB (publ) innovates and markets augmented reality (AR) solutions globally, as well as domestically in Sweden, specifically designed for knowledge exchange. Central to their product portfolio is XMReality Remote Guidance, a sophisticated ...
How the Company Makes Money
XMReality makes money primarily by licensing its remote guidance software platform to business customers. The company’s core revenue stream is typically recurring software revenue from subscriptions (e.g., per user/per seat and/or per organization...
XMReality AB Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
70
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.92M | 15.39M | 19.79M | 19.79M | 18.80M | 21.98M |
| Gross Profit | 3.25M | 9.51M | -8.24M | 1.53M | -3.96M | -912.90K |
| EBITDA | 5.06M | 2.84M | -25.07M | -30.78M | -36.67M | -33.58M |
| Net Income | -2.15M | -3.04M | -23.28M | -31.30M | -36.75M | -33.46M |
Balance Sheet | ||||||
| Total Assets | 18.68M | 20.89M | 29.08M | 27.50M | 53.07M | 64.10M |
| Cash, Cash Equivalents and Short-Term Investments | 1.73M | 279.00K | 499.00K | 1.98M | 7.80M | 45.10M |
| Total Debt | 800.00K | 139.00K | 1.81M | 3.33M | 0.00 | 50.00K |
| Total Liabilities | 10.17M | 11.84M | 23.02M | 20.75M | 21.90M | 18.89M |
| Stockholders Equity | 8.51M | 9.05M | 5.19M | 6.75M | 31.17M | 45.21M |
Cash Flow | ||||||
| Free Cash Flow | 1.54M | -5.45M | -14.76M | -14.36M | -59.95M | -27.32M |
| Operating Cash Flow | 1.52M | -4.00M | -14.76M | -4.74M | -48.18M | -25.05M |
| Investing Cash Flow | -3.31M | -3.76M | -6.82M | -9.62M | -11.77M | -2.27M |
| Financing Cash Flow | 243.00K | 7.50M | 20.24M | 8.53M | 22.45M | 53.81M |
XMReality AB Technical Analysis
Negative
―
Price Trends
0.03
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
44.36
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:XMR, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 0.02, equal to the 50-day MA of 0.03, and equal to the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.36 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:XMR.
XMReality AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
Performance Comparison
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.