xReality Group Sees Soaring Sales and ARR Growth

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

xReality Group Limited’s subsidiary Operator XR has seen a significant sales boost in June, with a $1.43 million increase in Total Contract Value (TCV) and a 75% jump in Annual Recurring Revenue (ARR) to $2.21 million. This surge is attributed to the addition of 6 new customers, a substantial state government sale, and the renewal of a trial license by the Australian Defence Force. Year-to-date, Operator XR’s contract value has escalated by 54%, demonstrating strong financial performance and market traction.

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