XReality Group Ltd ( (AU:XRG) ) has issued an announcement.
xReality Group Ltd reported a 32% increase in revenue from ordinary activities for the half-year ending December 31, 2024, compared to the previous year. Despite the revenue growth, the company experienced a loss of $992,338, which is a 34% improvement from the previous year’s loss. The significant revenue growth was driven by the Operator XR segment, which saw a substantial increase, while the entertainment segment experienced a decline. The company did not declare any dividends, and the net tangible assets per security decreased to $0.005 from $0.013. The financial report was reviewed by Felsers, Chartered Accountants, who provided an unqualified review report.
More about XReality Group Ltd
xReality Group Ltd operates in the entertainment and technology industry, focusing on virtual reality experiences and related services. The company is involved in providing immersive entertainment solutions and has a market focus on enhancing user experiences through innovative XR (extended reality) technologies.
YTD Price Performance: 26.67%
Average Trading Volume: 665,758
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$21.7M
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