We are pleased to present the latest sales performance update for Operator XR.
Operator XR, a wholly owned subsidiary of xReality Group Ltd, provides Military and Law Enforcement agencies around the world with a unique, integrated Mission Planning & Rehearsal System, which is portable, secure, and highly immersive.
Highlights
Operator has sustained acceleration in the global military and law enforcement markets, with continued growth in the United States.
Operator has achieved a substantial boost in sales performance for FY25 year-to-date, with a Total Contract Value (TCV) of $7.13m; this represents a significant increase from $4.1m at the end of FY24, and a 14% increase since 1st October 2024.
Operator XR’s Annual Recurring Revenue (ARR) has also seen a remarkable rise, reaching $3.54m, representing 59% growth compared to EOFY24 and 16% growth since 1st October 2024.
A key driver of this success is the $5.6m project with the United States Department of Defense, which continues to progress as planned. Read article.
These milestones further validate the demand for Operator XR products and demonstrate the capacity for rapid expansion.
Operator XR News & Media
XRG awarded $5.6M subcontract for US Department of Defense
XRG to deliver extended reality training for subterranean and subway environments; contract to create inroads for Operator XR military and police VR systems across 100+ US agencies… Read more.
Operator XR unveil OP-2
Operator XR has launched the next generation in portable, immersive tactical training for Military and Law Enforcement – OP-2. OP-2 combined Operator’s renowned Military and Law Enforcement systems, with a range of new features and capabilities… Read more.
9 News feature Operator XR
XRG recently invited Nine’s Annalise Bolt to demonstrate how Operator XR tech can drive invaluable, repeatable training that is extremely difficult, expensive, and in some cases impossible, to carry out in the real world… Watch segment.
Market Opportunities
The US remains the largest potential market for Operator XR with over 18,000 Law Enforcement agencies spanning Local, County, State and Federal levels. The average sale price for Operator XR products in the US ranges from $50,000 to $250,000 USD, with most orders paid upfront. Revenue from these sales is recognised monthly over a 3-year period as Annual Recurring Revenue, while project-based revenues are recognised upon meeting milestones.
Looking ahead
As we progress through FY25, we remain committed to building on this strong foundation and delivering sustained success for the business.
We will continue to provide regular updates on Operator XR and how the company is transforming mission planning and rehearsal for Defence and Law Enforcement across the globe.