Investing

Operator XR – Sales Update June 24

xReality Group Limited (“XRG” or the “Company”) is pleased to provide the following sales update for Operator XR, a wholly owned subsidiary of xReality Group Ltd. Operator XR provides Military and Law Enforcement agencies around the world with a unique, integrated Mission Planning & Rehearsal System, which is portable, secure, and highly immersive.

Operator XR has continued the momentum throughout the final month of the financial year adding a further $1.43m in sales and increasing its ARR by 75% to $2.21m.

Highlights

  • Sales of $1.43m (TCV) in the month of June
  • 6 new customers won during the month and 1 renewal.
  • Material Sale to a State Government Customer
  • Australian Defence Force renew licence for trial extension.
  • YTD Contract Value increase of 54% this month to $4.10m
  • Annual Recurring Revenue Increased by 75% this month to $2.21m

Operator XR Annual Recurring Revenue (ARR)

  • Total ARR = $2,210,042
  • ARR increase last 30 days = $946,892 (75%)

Operator XR Total Contract Value (TCV)

  • Total TCV YTD = $4,096,213
  • Total TCV last 30 days = $1,432,738 (+54%)

Click here for the full ASX Release

This post appeared first on investingnews.com

You May Also Like

Stock

In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

Stock

Major equity indexes rose on Friday after a selloff that hit the Technology sector especially hard. But this doesn’t necessarily mean that everything is...

Latest News

Britain’s Prince and Princess of Wales have released a new photo of Prince Louis to mark his sixth birthday on Tuesday, the first image...

Latest News

President Joe Biden travels to Triangle, Virginia, Monday to mark Earth Day, where he’ll unveil $7 billion in grant funding for solar power under...

Disclaimer: Dealwithbiz.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Dealwithbiz.com