An update from XReality Group Ltd ( (AU:XRG) ) is now available.
XReality Group has announced a strategic debt-to-equity conversion with major shareholder Birkdale, converting $4.63 million into 92,565,249 new shares at a 39% premium to market close. This move aims to restructure the company for scalability and long-term growth. In its strongest half-year to date, XRG reported a 32% increase in total revenue to $7.4 million, with a notable rise in Operator XR’s revenue. The company is focusing on expanding Operator XR into global markets, particularly in North America, Asia, and Europe, while considering divesting its legacy entertainment businesses.
More about XReality Group Ltd
XReality Group (XRG) is a market leader in immersive Extended Reality (XR) solutions, offering both VR and AR experiences. The company’s portfolio includes advanced XR training and simulation products, as well as entertainment businesses such as VR entertainment and indoor skydiving facilities. XRG’s core product, Operator XR, is experiencing significant growth, outpacing the legacy entertainment segment in revenue and scalability.
YTD Price Performance: 23.33%
Average Trading Volume: 669,954
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$21.13M
Find detailed analytics on XRG stock on TipRanks’ Stock Analysis page.