Take a look at the most common questions

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Which formats are supported by xlCompiler?

We've started from the XLS\XLSM\XLSX file formats. This is Open XML format introduced with Excel 2007 and XLS format used by previous versions of Excel. Other formats are in the our project list also. But at this moment we support only this format.

As a workaround, you can convert your workbook from Excel 2007 binary format (XLSB) to XLSM and compile the document.