XReality Group Ltd (AU:XRG) has released an update.
xReality Group Ltd has reported a significant increase in sales for their subsidiary Operator XR, with a 107% jump in Annual Recurring Revenue reaching $1.26 million and a 261% rise in total contract value to $2.66 million in May 2024. The surge in sales is attributed to the company’s strategic focus on the Law Enforcement market in the US and the acquisition of 12 new customers, including a second purchase order from the Australian Defence Force. Operator XR’s product, a comprehensive Mission Planning & Rehearal System, has gained traction with multiple law enforcement agencies across the US.
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