xReality Group Limited (ASX:XRG) (xReality) 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.
In light of the XRG AGM being held today, the board would like to provide the market with the latest sales performance information on Operator XR since the last market update on the 31st October 2024 contained within the Quarterly Activities Report and Appendix 4C.
Highlights
- Total Contract Value of $7.13m in FY25 YTD vs $4.1M EOFY24
- Annual Recurring Revenue $3.54m increase of 59% from EOFY24
- United States Department of Defence Project ($5.6m) on track
Operator XR Annual Recurring Revenue (ARR)
- Total ARR = $3,538,580
- ARR increase since 1st October = $496,885 (+16%)
Operator XR Total Contract Value (TCV)
- Total TCV YTD = $7,130,955
- Total TCV increase since 1st October = $882,351 (+14%)
XRG CEO Wayne Jones said, “The remarkable penetration of Operator XR across both the Law Enforcement and Military markets, particularly in the United States of America, has continued throughout the early stages of the financial year. The exposure gained through major customers, including the US Department of Defence, is beginning to open new opportunities to other federal agencies and brings further validation to the Operator XR software.”
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