• Another record-breaking quarter with the highest cash receipts on company record
• Cash receipts in Q2 FY25 of $5.2m (+87% pcp) bring YTD to $9.5m
• Positive Operational Cashflow $1.5m ($2.1m YTD)

xReality Group Limited (ASX:XRG) reported another record-breaking quarter with the highest cash receipts on company record. Cash receipts in Q2 FY25 totaled $5.2m, up 87% from the prior corresponding period, bringing the year-to-date total to $9.5m. This strong performance was driven by continued growth in the Operator XR (Enterprise) and Entertainment sectors. Operator XR saw Annual Recurring Revenue increase by 19% quarter-on-quarter to $3.6m, and Total Contract Value increase by 18% quarter-on-quarter and 80% year-on-year to $7.4m. The Entertainment division also performed strongly, with cash receipts of $2.5m in the quarter, up 17% from the previous quarter. The company generated positive operational cashflow of $1.5m in the quarter, bringing the year-to-date total to $2.1m. The company invested $1.1m in product development, hardware, and corporate facilities, and repaid $75,000 of debt, ending the quarter with a cash balance of $2.3m.

The company reported Annual Recurring Revenue of $3.6m for the Operator XR (Enterprise) division, up 19% quarter-on-quarter, and Total Contract Value of $7.4m, up 18% quarter-on-quarter and 80% year-on-year.

The company remains positive on the outlook, with 216 qualified and active sales opportunities with a total sales pipeline of $27.3m. The US DOD project also remains on track for 20-month completion.