XReality Group

Quarterly Activities Report

xReality Group Limited (ASX:XRG) (xReality)is pleased to provide the following Quarterly Activities Report and Appendix 4C for the quarter ending 30th June 2024 together with an Operational Update.


Key Highlights

  • Cash receipts of $3,069,518, up 31% on Q3.
  • Continued rapid sales growth of Operator XR (Enterprise) across US and Australian markets during the quarter:
    • Annual Recurring Revenue increased 250% to $2.21M
    • Total Contract Value increased 514% for the quarter to $4.1M
    • 20 new customers acquired during Q4.
    • 162 active opportunities with a total sales pipeline of $24.2M
  • Entertainment businesses improved performance through the quarter with a strong June Holidays outperforming the prior year.

Operational Update by Business Sector:

Operator XR – Enterprise Software and Technology

Operator XR made significant progress acquiring 20 new customers across Australia and the US over the quarter, resulting in a substantial increase in Annual Recurring Revenue and Total Contract Value. The majority of cash from these contracts will be received in Q1 FY25.

    • Operator XR Annual Recurring Revenue (ARR)
      • Total ARR = $2,210,042
      • ARR increase in Q4 = $1,577,960 (250%)
    This article includes content from xReality Group, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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