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XReality Group Ltd
(Sydney:XRG)
XReality Group Ltd (XRG) vs. S&P 500 (SPY)
XReality Group Ltd Business Overview & Revenue Model
XReality Group Ltd Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 9.16M | 9.75M | 6.57M | 7.27M | 5.55M | Gross Profit |
| 5.54M | 5.44M | 5.07M | 5.60M | 4.12M | EBIT |
| -1.88M | -565.97K | -2.07M | 5.34M | -2.05M | EBITDA |
| -262.79K | 2.16M | -3.30M | 7.18M | -878.38K | Net Income Common Stockholders |
| -4.11M | -1.69M | -6.93M | 4.06M | -5.13M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.37M | 751.76K | 2.62M | 2.33M | 846.15K | Total Assets |
| 42.66M | 39.35M | 36.81M | 37.78M | 36.96M | Total Debt |
| 23.62M | 22.77M | 21.28M | 17.62M | 21.95M | Net Debt |
| 22.26M | 22.02M | 19.22M | 15.86M | 21.71M | Total Liabilities |
| 33.23M | 29.20M | 26.37M | 22.49M | 25.76M | Stockholders Equity |
| 9.43M | 10.16M | 10.44M | 15.29M | 11.19M |
| Cash Flow | Free Cash Flow | |||
| -2.33M | -1.28M | -755.10K | 741.27K | -890.14K | Operating Cash Flow |
| 59.63K | 2.07M | -55.34K | 1.42M | -383.43K | Investing Cash Flow |
| -2.39M | -3.36M | -699.76K | -681.72K | 46.57K | Financing Cash Flow |
| 2.95M | -17.21K | 1.30M | 938.14K | 1.24M |
XReality Group Ltd Technical Analysis
XReality Group Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | €10.33B | 87.06 | 34.02% | 0.78% | 17.97% | 14.29% | |
61 Neutral | $6.59B | 11.77 | 3.06% | 3.98% | 2.56% | -20.85% | |
48 Neutral | AU$84.43M | ― | -9.88% | ― | 24.29% | 6.49% | |
46 Neutral | AU$22.97M | ― | -44.01% | ― | 21.55% | 64.76% | |
42 Neutral | AU$19.91M | ― | -35.18% | ― | 13.03% | -30.00% | |
28 Underperform | AU$41.10M | ― | -420.93% | ― | -100.00% | 20.77% |
XReality Group Ltd Corporate Events
xReality Group Limited has issued 92,565,249 fully paid ordinary shares at $0.05 per share, totaling $4,628,262.45, to repay a loan facility with Birkdale Holdings in full. This share placement was executed at a 39% premium to the closing price on March 5, 2025, and reflects the company’s strategic financial management to strengthen its balance sheet and enhance its market position.
XReality Group Ltd has announced a new issuance of 92,565,249 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code XRG. This move is part of previously announced transactions and reflects the company’s ongoing efforts to enhance its market presence and operational capacity.
xReality Group Limited announced that the resolution to issue shares to Birkdale Holdings as payment for an outstanding loan facility was passed at their Extraordinary General Meeting. This decision, approved by the required majority, reflects the company’s strategic financial management and could strengthen its financial position, potentially impacting its market operations and stakeholder relations.
xReality Group Limited held an Extraordinary General Meeting to seek shareholder approval for issuing shares at a premium value of $0.05 per share to repay a $4.628 million loan from Birkdale. The Board views this as a strategic move to bolster the company’s balance sheet, with Birkdale’s support reflecting confidence in xReality’s future and the potential of its Operator XR product. Despite an Independent Expert’s Report deeming the transaction ‘not fair’ due to pricing below assessed value, it was considered ‘reasonable’ due to a 39% premium over the previous day’s closing share price.
xReality Group Limited reported strong financial performance in Q3 FY25, with cash receipts of $3.4 million and significant increases in annual recurring revenue and total contract value. The company has reduced its debt by 48% and established an AI Advisory Board, alongside a strategic research program with a US law enforcement training organization. Despite a negative operational cash flow due to timing differences and increased US expenditure, the company maintains a positive outlook with a robust sales pipeline and ongoing projects, including a significant US Department of Defense project.
XReality Group Ltd has announced a new issuance of securities, specifically 5,000,000 warrants, as part of a placement or other type of issue. This move is aimed at raising capital, which could potentially enhance the company’s financial position and provide additional resources for growth and expansion. The issuance is set to take place on April 8, 2025, and is subject to approval and quotation by the ASX.
xReality Group Limited has secured a new senior debt facility of up to $6 million with Causeway Asset Management, replacing its existing debt facility. The new arrangement includes an initial $5 million drawdown to repay the existing debt and an additional $1 million available for working capital, contingent on achieving $7 million in annual recurring revenue. This financial restructuring is expected to eliminate near-term financial obligations, provide financial certainty, and support the company’s growth strategy. CEO Wayne Jones highlighted that the new facility positions the company for future growth and significantly improves its debt structure, reducing overall debt by 48% upon conversion of the Birkdale loan.
xReality Group Limited’s US subsidiary, Operator XR, has entered a strategic research collaboration with the Advanced Law Enforcement Rapid Response Training (ALERRT) Centre at Texas State University, recognized as the FBI-designated national standard for active shooter response training in the US. This two-year collaboration aims to optimize Operator XR’s virtual reality training system for high-stress law enforcement scenarios, enhancing training methodologies and improving human performance in active shooter situations. The partnership signifies a crucial step in XRG’s strategy to lead the immersive training market within US law enforcement, potentially impacting the company’s operations and industry positioning by leveraging ALERRT’s extensive reach and influence.
xReality Group Limited has announced an Extraordinary General Meeting to seek shareholder approval for converting a $4.628 million debt to equity with Birkdale Holdings, a major shareholder associated with former director Steve Baxter. The conversion is priced at a 39% premium to the previous day’s closing share price, reflecting confidence in the company’s future and strengthening its balance sheet. Despite an Independent Expert’s Report deeming the transaction ‘not fair’ but ‘reasonable,’ the board recommends shareholders vote in favor of the resolution.
xReality Group Limited has announced a binding term sheet with Causeway Asset Management to refinance its existing debt facilities. The new $6 million facility, with an initial $5 million drawdown and an additional $1 million for working capital, will fully repay the existing $4.6 million loan, providing financial flexibility and supporting the company’s growth strategy. This refinancing marks the end of xReality’s debt restructure phase, reducing overall debt by 48% and improving the company’s financial stability and gearing.
xReality Group Limited acknowledged an inadvertent breach of ASX Listing Rule 3.19A due to a late lodgement of a Notice related to a transaction during a closed period. The delay was attributed to the absence of key personnel who were overseas, leading to an oversight. The company has reviewed its compliance procedures and plans to implement additional measures to ensure adherence to ASX Listing Rules in the future.
XReality Group Ltd has announced a change in the indirect interest of its director, Mark Smethurst. The change involves an off-market purchase of 328,947 ordinary shares, increasing the total number of securities held by the director to 1,328,947 fully paid ordinary shares and 1,500,000 service rights. This transaction, valued at $12,500, reflects a strategic move by the director to enhance his stake in the company, potentially signaling confidence in the company’s future performance.
xReality Group Ltd announced a change in the director’s interest, with Danny Hogan acquiring an additional 328,947 ordinary fully paid shares, bringing his total to 21,272,050 shares. This acquisition reflects a strategic move that may strengthen Hogan’s influence within the company, potentially impacting its strategic direction and stakeholder interests.
XReality Group Ltd announced a change in the director’s interest, with Philip Copeland acquiring additional fully paid ordinary shares. This change reflects a strategic move within the company’s leadership, potentially influencing stakeholder perceptions and indicating confidence in the company’s future performance.
xReality Group Limited has announced a change in the interest of its director, Wayne Jones, who has increased his indirect holdings in the company. This change involves the acquisition of 1,315,790 ordinary shares, raising his total holdings to 52,860,410 shares. This development may indicate a positive outlook from the director on the company’s future prospects.
XReality Group Limited has announced a change in the director’s interest, specifically involving Kim Hopwood. The change involves the disposal of 2,631,578 ordinary shares through an off-market trade, reducing Hopwood’s total shareholding to 36,274,039 shares. This transaction reflects a strategic adjustment in the director’s holdings, potentially impacting the company’s stock distribution and signaling a shift in personal investment strategy.
XReality Group Ltd has announced a change in the director’s interest, with John Diddams acquiring an additional 600,000 fully paid ordinary shares through on-market purchases, increasing his total holdings to 10,000,000 shares. This acquisition reflects a strategic move by the company to strengthen its leadership’s stake in the business, potentially signaling confidence in the company’s future performance and stability in the competitive virtual and augmented reality market.
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.
xReality Group Limited has announced a conditional agreement with its largest shareholder, Birkdale Holdings, to convert approximately $4.628 million of debt into shares at a 39% premium to the market closing price. This move, pending shareholder approval, reflects confidence in the company’s growth and strategic direction, particularly in scaling tech businesses and penetrating high-value markets like defense and public safety. The conversion is expected to strengthen xReality’s balance sheet and support its growth strategy.
XReality Group Ltd has announced a proposed issue of 92,565,249 ordinary fully paid securities, scheduled for May 1, 2025. This move is part of the company’s strategy to raise capital, potentially enhancing its market position and operational capabilities, which may have significant implications for its stakeholders and industry standing.
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.