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

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