• Market leader in immersive Extended Reality (XR) solutions
• Operator XR is XRG's leading growth asset, expanding globally
• Significant growth in Operator XR revenue, contracts, and recurring revenue

XRG is a market leader in immersive Extended Reality (XR) solutions, offering both VR and AR experiences. Its current portfolio includes advanced XR training and simulation products, VR entertainment, and indoor skydiving facilities. XRG's core product, Operator XR, is significantly outpacing the legacy entertainment segment in revenue and scalability. Operator XR is a tactical-level XR system designed for soldier and police officer training, offering features such as unlimited scenario design, real weapon integration, and mobility. Operator XR has seen rapid expansion since January 2024, with 65 customers, 137 deployed systems worldwide, and presence in 28 US states. Its Total Contract Value (TCV) has grown 161% since the end of FY24, reaching $10.7 million, and its Annual Recurring Revenue (ARR) has grown 106% to $4.6 million. XRG is targeting consistent volume growth in the US law enforcement and military markets, with a focus on gaining a foothold in the US law enforcement market. The company has also made significant strategic milestones, including balance sheet improvements, record financial results, and a refined focus on Operator XR. The company is reviewing strategic options for its legacy assets, including the FREAK VR entertainment brand and iFLY indoor skydiving facilities.

XRG's Operator XR product has seen significant growth, with Total Contract Value (TCV) reaching $10.7 million (up 161% since end of FY24) and Annual Recurring Revenue (ARR) reaching $4.6 million (up 106% since end of FY24) as of 15 June 2025.

The company continues to advance a large pipeline of opportunities in its core US market, with 305 open opportunities in development. Its distribution network is also growing across global regions, and the company is evaluating material future product lines. The iFLY indoor skydiving operations continue to contribute meaningfully to revenue, profitability, and cash flow, and the company is reviewing strategic options for these assets. The exit of the FREAK VR entertainment brand will be completed in calendar year 2025.