The firm xReality Group Limited (ASX: XRG) is an Australian company specializing in extended reality (XR) products and experiences across the enterprise, defense, and consumer markets. In FY2024, XRG focused on growing its Operator XR division, which serves military and law enforcement agencies globally. The company secured a significant US$5.6 million contract with the US Department of Defense and established operations in the United States, ending the year with 29 global customers and 162 active opportunities valued at AU$24.2 million. XRG's financial results showed a 3% decrease in revenue to AU$10.2 million, but a substantial increase in deferred revenue (138% to AU$4.5 million) and annual recurring revenue for Operator XR (505% to AU$2.2 million). The company invested heavily in product development (AU$2.26 million) and sales operations (AU$1.83 million) for Operator XR, positioning itself for future growth in the estimated US$3.37 billion total addressable market for immersive training in law enforcement and military sectors.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
