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xReality Group Achieves Record Q1 Growth in 2024
Company Announcements

xReality Group Achieves Record Q1 Growth in 2024

XReality Group Ltd (AU:XRG) has released an update.

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xReality Group Limited has reported record-breaking cash receipts of $4.3 million for Q1 2024, marking a 40% increase from the previous quarter. The company experienced significant growth in its Operator XR enterprise segment, with notable contracts including a $5.6 million project for the US Department of Defence, boosting its annual recurring revenue by 38%. xReality’s strategic marketing efforts have also expanded their sales pipeline to $27.2 million, showcasing strong potential for continued growth.

For further insights into AU:XRG stock, check out TipRanks’ Stock Analysis page.

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