Tag: iFLY Gold Coast

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xReality Group Quarterly Activities Report: April 2024

Key Highlights

  • Strong sales growth of Operator XR (Enterprise Sector)
    • Six new US Law Enforcement customers since late January including two in early April totalling $583k AUD.
    • 12 potential new sales in Q4, totalling $6.85m total contract value (includes the US Department of Defence proposal valued at c.$5.6m).
    • Software Annual Recurring Revenue increase for Q3 25% to $611k (YTD increase 63%)
    • 133 global opportunities with a total aggregate value of $23.7m
  • Stable and Consistent performance in Entertainment Sector in Australia
    • Military and professional wind tunnel revenue up 10% on Q3 FY23
    • Christmas school holidays results consistent with prior year
    • FREAK Entertainment booking and ecommerce systems upgrade operational

Update by Business Sector

Operator XR – Enterprise Software and Technology 

The company continued to make progress in the United States Law Enforcement and Military markets over the past three months and continues to achieve major milestones in line with the global expansion strategy.

  • Growth in Annual Recurring Revenue (ARR)
    • ARR grew 25% from $489,936 in Q2 to $610,962 in Q3. With multiple late-stage opportunities in the US, S/E Asia and Australia, the recurring licence fees are expected to continue to ramp in the last quarter of the financial year.
  • Growth in US Sales
    • Between late January and the end of Q3, the Company secured 4 more law enforcement customers across Arizona, Illinois, Nevada, and Idaho in the US.
    • Subsequent to the quarter, as at April 19th, the company has won 2 additional US Law Enforcement customers in Georgia and California
    • Total Contract Value of the six new deals mentioned above equal $583k AUD, cash receipts during the quarter totalled $326k AUD which includes the renewal of Garfield County Sherriff’s Department in Colorado, USA. The remaining cash will be received in Q4.
  • Renewal of first US customer contract
    • Due to outstanding feedback on the product, Garfield County Sheriff’s Department in Colorado has committed to renew its contract into the second year, six months ahead of schedule. The County has already completed its first full agency wide training with the system and is acting as a reference customer.
  • LAPD SWAT trial
    • The LAPD SWAT trial was delayed due to some customer changes and is on track to commence in May.
  • Final Stages of US Dept of Defence proposal with an expected contract value of c. $5.6m
    • Operator XR LLC continues in negotiations with the US Department of Defence on development of a ground-breaking R&D proposal with strong prospects for follow on work.*
      *There is no guarantee this tender will be successful.
  • Operator XR meets with Department of Homeland Security (DHS)
    • Head of DHS Silicon Valley Investment program invited Operator XR to demonstrate capabilities and discuss potential cooperation with DHS agencies including United States Customs and Border Protection (CBP).
  • Marketing Activities: During the quarter, Operator XR generated significant traction across the US market, through focused digital marketing, and exhibiting at relevant trade shows, including:
    • Shot Show in Las Vegas, generating over 200 notable leads.
    • International Law Enforcement Educators Training Association (ILEETA): March 18-20, 2024
    • Texas Chiefs Association: March 25-28, 2024
  • Upcoming events include:
    • IDEC Expo, Mexico City: April 21-25, 2024
    • Special Operations Forces (SOF) Week, Tampa FL: May 5-11, 2024, with Operator XR sponsored by Team Defence Australia (Austrade)

Entertainment Sector

XRG’s portfolio of Entertainment businesses have continued their stable performance throughout the period. The operational cashflow through our existing businesses remains cash flow positive and receipts from customers has remained consistent with prior periods and management expectation.

  • Military and Professional Revenue Increase 10%
    • iFLY Downunder and iFLY Gold Coast have adopted a strategic partnership approach to bolster their business by aligning with skydiving centres, coaches, governing bodies, and military units. This focus on building close relationships with these stable market segments is proving to be a successful strategy, particularly in increasing customer traffic, occupancy rates, and revenue during typically slower times of the year.
  • Christmas Holidays Trading Period 
    • The school holiday period experienced stable trading conditions, consistent with FY23. With challenging trading conditions, the retail market was slightly down on last year, however this was offset by the successful partnerships and initiatives outlined above.
  • FREAK Entertainment Booking and Ecommerce Systems Upgrade
    • All FREAK Entertainment Systems have been migrated to the world leading FMX Systems in line with the rest of XRG’s Entertainment Portfolio. The migration will create operational efficiencies and cost savings across the business.
READ ASX RELEASE
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FREAK Entertainment opens fifth venue, in prime Surfers Paradise location

Photo of FREAK Surfers Paradise venue. Silver sign that says FREAK. TV Screens showing people playing virtual reality.

We are proud to announce the opening of FREAK Entertainment’s fifth venue, FREAK Surfers Paradise!

Located in the renowned Paradise Centre on Cavill Avenue, attracting an impressive 13.1 million tourists annually, FREAK Surfers Paradise spans an impressive 195m² and features two flagship free roam Arena’s, VR Escape Rooms, FREAK Drive racing simulators, and a VR Arcade. FREAK also joins other popular tenants like Timezone, Zone Bowling, El Camino Mexican Cantina, and Maniax Axe Throwing. The new venue also presents a number of cross-promotional opportunities with our indoor skydiving venue, iFLY Gold Coast, located just a short walk away.

We are also excited to announce the launch of game-changing, innovative technology at FREAK Surfers Paradise, with the venue becoming the first fully-wireless and untethered FREAK location! This technology advancement removes the need for backpack computers, offering an enhanced customer experience, wider audience accessibility, and improved customer throughput.

Application of this wireless and untethered technology cements FREAK’s commitment to delivering world-class experiences, and is made possible through strategic partnerships with HP and HTC Vive cultivated over the last 3 years.

We are thrilled about this fantastic milestone and look forward to providing many new customers to the world-leading entertainment that FREAK offers.

Find out more about FREAK Entertainment here: https://freakvr.com.au/

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Offer for new shares in ISA Group

Offer for shares in ISA Group

Indoor Skydive Australia Group is seeking to raise up to A$3.4m through a renounceable entitlement offer of new shares in the company.

The capital raise will support the company’s immediate strategy of Repair, Growth and Diversification.

In conjunction with the sale of its Perth facility and the material reduction in interest bearing debt, the company is now focused on increasing operational performance, new business streams, reducing costs and paying down its remaining debt.

Offer for new shares in ISA Group opens on 23rd July 2019.

[button link=”https://xrgroup.com.au/wp-content/uploads/2019/07/IDZ-Prospectus-15-July-2019.pdf” size=”small” bgcolor=”#386FB2″ textcolor=”” align=””]VIEW: IDZ Investor Prospectus[/button]

[button link=”https://xrgroup.com.au/wp-content/uploads/2019/07/IDZ-Investor-Presentation-15-July-19.pdf” size=”small” bgcolor=”#386FB2″ textcolor=”” align=””]VIEW: IDZ Presentation[/button]

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Escape the cold these school holidays

Discover the sport of indoor skydiving these school holidays

Escape the cold these school holidays

Winter is well upon us, but that shouldn’t stop you from having fun during the school holidays!

Queue…INDOOR SKYDIVING!

Group of kids geared up and ready to fly

 

 

 

 

 

Escape the cold and discover the sport of indoor skydiving! Safe and fun for ages 3+ indoor skydiving helps build body awareness, coordination, confidence and is loads of fun.

We have some exciting events happening at each of our 3 facilities – Sydney, Gold Coast and Perth. Our Join The Sport and Superhero Academy days are the perfect introduction to indoor skydiving in the fun environment with other kids.

Kids can make new friends and learn a new sport with our best value packages for new flyers. Check out details below:

iFLY Downunder (Sydney West)

MORE INFO – Superhero Academy – 9th & 16th July

MORE INFO – Join The Sport – 11th & 18th July

iFLY Gold Coast

MORE INFO – Join The Sport – 1st, 4th, 8th & 11th July 

iFLY Perth

MORE INFO – Join The Sport Superhero Academy – 10th & 18th July

Young girl flyer and instructor

 

 

 

 

 

Western Sydney local, Amy Watson, started indoor skydiving for her 9th birthday. Now, just 4 years later, she is a WORLD CHAMPION! In Lile France, in April 2019, Amy competed in and won the Junior Freestyle category of the World Indoor Skydiving Championships. This makes her the youngest indoor skydiving World Champion in history, and Australia’s first!

Just like Amy, anyone can join the sport and we invite kids of all ages and abilities to try out the exciting, adrenaline pumping, and totally awesome experience of flying these holidays.

Bring the family or bring friends and prepare to be blown away. We can’t wait to see everyone flying soon!

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2019 Australian Open Indoor Skydiving Championships – 23rd & 24th August!

2019 Australian Open Indoor Skydiving Championships

ISAG, Australia’s largest indoor skydiving group, has announced the dates for the 2019 Australian Open Indoor Skydiving Championships, this year celebrating its 5th anniversary; with registrations open worldwide.

This years Championship will be held across two huge days, Friday 23rd and Saturday 24th August; with over 300 of the worlds best in the sport expected to compete.

“We have been holding these Championships in Sydney for the last 5 years and the popularity within the skydiving community globally is growing”, comments National Marketing Manager for ISAG Cheryl Dawson, “each year we are extending the competition length, and adding new elements to the event so that we can accommodate the amount of registrations we receive!”

The first Championships was held in 2015 with around 147 registered competitors, and over the last 5 years has seen almost 600 of the world’s best battle it out for the coveted titles.

“We started out in 2015 with 147 registered competitors; but popularity for this event grew fast not only here in Australia but worldwide.  We have people from across the world travel to compete against our Australian flyers! We have some amazing local talent that will be hard to beat!”

One such talent is 13 year old Amy Watson who earlier this year became the youngest ever indoor skydiving champion taking gold for Australia in the Junior Freestyle competition just last month at the 3rd FAI Indoor Skydiving World Championships in France.

“We have been supporting Amy’s career in professional indoor skydiving since she first stepped into the tunnel back in 2013,” states Cheryl, “we are incredibly proud of Amy, and all our talented sponsored athletes, and can’t wait to see them all compete at the Australian Open”.

The Championships will be held at Amy’s home ground training facility, iFLY Indoor Skydiving Penrith, recognised not only as Australia’s largest indoor skydiving facility, but also the biggest in the Southern Hemisphere.

“Australia is rapidly becoming a leader in producing some of the world’s greatest in the sport of indoor skydiving”, comments iFLY Indoor Skydiving National Marketing Manager Cheryl Dawson, “It is one of the most accessible and all-inclusive sports and we are incredibly proud of the talent that our facilities across Australia have been producing.”

“Indoor skydiving is a sport that can be enjoyed by anybody, any age, all inclusive”, continues Cheryl, “it doesn’t matter if you are in a wheelchair, have hearing loss, low vision, are 3 years old or 103. When you are indoor skydiving everyone is the same. We invite people of all abilities to enter and be part of our championships and have your chance to compete for Australia!’

All the Australian competitors who win a medal in the 2019 championships will qualify to participate in the 4th FAI Indoor Skydiving World Cup in Charleroi (Belgium) in April 2020.

“Without doubt this is the biggest indoor skydiving event to ever happen in Australia”, continues Cheryl, “we will have some of the world’s greatest indoor skydivers competing. We want everyone to be part of it!

The public will be invited to attend free of charge, and iFLY Indoor Skydive will also broadcast a live Facebook Feed expected to be viewed by almost 1 million viewers.

The 2019 Australian Open Indoor Skydiving Championships will be held on Friday 23rd and Saturday 24th August.  For more information on the event and to register as a contender please head to https://downunder.iflyworld.com/australianchampionships

WATCH – the highlights from the 2018 Australian Open here:

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Virtual Reality (VR) has arrived!

iFLY Indoor Skydiving Downunder, Australia’s largest facility for indoor skydiving, have introduced Virtual Reality as part of their experience offers, a revolutionary first for the Australian market.

“Virtual Reality is something we have been working towards introducing into our facilities for a long time”, comments ISAG National Marketing Manager Cheryl Dawson, “We have been waiting for the technology to become advanced enough that the experience replicates the skydiving experience perfectly, we are very excited with our new product”.

Virtual reality will allow users a real-world skydiving experience, without the need to jump from a plane or even wear a parachute.

“Our iFLY VR experience has skyrocketed our indoor skydiving offering to a whole new level. During our testing phase we had some of the country’s best skydivers using the product, with many commenting on its realism and how they felt like they were really flying outdoors!”

The iFLY VR Experience allows the user to watch POV skydiving footage on a specially designed VR helmet that takes the indoor skydiving experience outdoors.

“While you are in the safety of our wind tunnel, you will be watching mountains and even other skydivers fly by from 14,000 feet! It’s really quite incredible.”

The iFLY VR Experience combines the latest in VR technology with the state-of-the-art wind tunnel creating the most realistic skydiving experience ever offered in Australia.

iFLY VR package is now available at iFLY Downunder (Sydney West) to fly from 19th November 2018.

The technology will also land at iFLY Gold Coast and iFLY Perth by the end of the month, making it the hottest new product on the market this Christmas.

For more information, visit the iFLY website here or follow the iFLY Indoor Skydiving Facebook page here.

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iFLY Perth – Intro to Kids Club

iFLY Perth Intro Kids ClubLittle superheroes all overheard the call and flocked to The Kidz Day: Intro to Kids Club event at iFLY Perth held over two days during the April school holidays!

The excitement was all in anticipation of the launch of iFLY Perth’s excitingly NEW Junior iFLYER Club which has started this school term! Kids learn to become Pro-Flyers able to do aerial tricks and even fly with others in-formation.

The days included exhilarating demonstrations from our current Junior iFLYERs Noah, Cooper and Oxana, along with out-of-the tunnel belly flying training from our coaches and instructors, while every kid had a chance to experience reverse rain within the tunnel. Yes, Reverse rain! We also had colouring-in competitions; prize giveaways and free sausage sizzle.

The club is the first of its kind in Perth, so it wasn’t a surprise that some 800 people attended over the two days!

It was a fantastic turnout and energy was running high! iFLY Perth, iFLY Downunder (Sydney West) & iFLY Gold Coast will be sure to be running many more kids events to promote the sport of indoor skydiving as a choice sport for kids with many more events planned for the future!

iFLY Perth Intro Kids ClubIndoor skydiving combines many skills together that challenges and builds coordination, body awareness, team-building and general fitness and flexibility! The Junior iFLYER Club introduces kids to the sport with a dedicated instructor that will guide them through the skills needed to master the air all within a term timetable so they can learn after school or on weekends.

iFLY has a history of HIGH achievers that started in the club including 11-year-old Amy Watson who now competes overseas in indoor skydiving events and even set a Guinness World Record, most 360 horizontal spins in a wind tunnel in one minute (individual); holding the record with 44 completed in one minute! – Read more here.

Or 13-year-old, indoor skydiving athlete, Sarah Yates who competed in the Battle of the Blades competition in Seattle USA last year placing 4th in Junior’s Freestyle!

Want to find out more about the Junior iFLYER Club and how to get your child involved? Our website has all the details – https://downunder.iflyworld.com/ifly-kids

CHECK OUT THE JUNIOR IFLYER CLUB VIDEO
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iFLY Gold Coast Celebrates First Birthday

50,000 Ear Plugs and counting!

Time certainly has flown with the Gold Coasts most unique tourist attraction; iFLY Indoor Skydiving Gold Coast; set to celebrate its first birthday on Saturday 11th February by hosting a Birthday Open Day kicking off from 9am.

iFLY Gold Coast has certainly proven to be incredibly popular with the local community and visiting tourists’, comments Indoor Skydive Australia CMO, Brett Sheridan ‘since opening the doors we have been sold out most weeks; and have started to see regulars come back three, four, five times!.

Since taking off, iFLY Gold Coast has:

  • Had 1 marriage proposal
  • Been through 200 flight suits
  • Used over 50,000 ear plugs
  • Flown over 300 kids under 5 years old, 40 of which are only 3
  • Flown 108 people over the age of 70 with the oldest flyer 91 years old
  • Trained a Junior Flyer to become 4th in Freestyle Flying Internationally
  • Flown 1 surfboard and various blow up pool toys
  • Holds 1 x Guinness World Record Title for Most 360 horizontal spins in a wind tunnel (individual) by 11 year old Amy Watson
  • Won Best New Tourism Business in Queensland (Silver) at QLD Tourism Awards
  • Hosted various international and local celebrities including Mark Ruffalo, Idris Elba, Caine Ec
  • kstein, Sekai No Hate Made LtteQ! (International Game Show), various V8 Supercar drivers, PGA Tour Players, and more!

_MG_3240On February 11th iFLY Gold Coast will host a Birthday Open Day inviting all locals and tourists to a family friendly day of fun!

With music, face-painting, food and of course flying demonstrations; this is a day for everyone to get the chance to see iFLY Gold Coast up close!

‘It’s our first birthday and we want to celebrate!’ continues Sheridan ‘Come on down for fun, laughter and some great indoor skydiving!’

Special guest; local celebrity magician Matt Hollywood will also be performing from 12pm.

‘We want to celebrate with all the family and friends that have helped make iFLY so successful.’

Celebrations kick off at 9.00am (QLD Time) with a demonstration from World 4th Junior Freestyle Indoor Skydiver Sarah Yates every hour.

When: Saturday 11th February, 2017

Time: 9.00am to 6.00pm

Where: 3084 Surfers Paradise Boulevarde, Surfers Paradise QLD

iFLY Indoor Skydiving is suitable for people of all skill levels and any age from 3 to 103!

Packages start from $99pp and are available now through the iFLY Gold Coast website: https://downunder.iflyworld.com/goldcoast

iFLY also offers corporate packages and team building events, parties and school education programs. For further information, please go to: www.ifly.com.au

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iFLY Gold Coast NOW OPEN

iFLY Gold Coast
iFLY Gold Coast is OPEN

Gold Coast, QLD: iFLY Indoor Skydiving, the Gold Coast’s latest and much anticipated tourist attraction, has announced flights have officially taken off!

The ISA Group is proud to announce that their second iFLY facility is now well and truly open to the public ready to bring the thrill of skydiving indoors for anyone aged 3 to 103.

Indoor Skydive Australia Group CEO Wayne Jones is thrilled with how well the new facility is going even before its official opening date stating that “we have had great local support for the facility and feedback that has instilled confidence that our Gold Coast facility will be just as popular as our location in Sydney”. “Now that it’s open, we anticipate that everyone on the Gold Coast is going to love this brand new attraction to their area” continues Jones.
Gold Coast Mayor Tom Tate first visited the facility in November and comments the new attraction will be an innovative and creative asset to the city.  “The Gold Coast’s success as Australia’s No 1 tourism city is built on the fact we continually renew our attractions and services for both residents and tourists,’’ quotes Mayor Tom Tate, “This is another example of how confidence in our city is increasing, meaning more investment, more jobs and more exciting attractions for locals and tourists alike”.

CEO Wayne Jones concurs stating “It’s incredible to know that we are not only bringing the joy of flight to people on the Gold Coast, but we are also investing in the city and committing to the community through the provision of jobs and an amazing sporting activity for Gold Coast locals and tourists alike.”

Indoor Skydive Australia Group currently employs over 50 staff members with 25 local jobs created in the Gold Coast. This is expected to increase over the coming years with expansion plans already in the works.

“Aussies absolutely love Indoor Skydiving and the amount of flying time we have sold since we birthed the idea back in early 2014 is phenomenal”, comments Brett Sheridan, ISA Group CMO.
“We have watched it develop into a national sport and we have also seen more people than ever give it a go”, continues Sheridan, “it really is a unique experience that is proving to be the go-to activity for everyone from families to adrenaline seekers!”

iFLY Gold Coast is taking bookings now with two flights starting from only $99.00.
iFLY Gold Coast is now open and flying!
More information on our iFLY Gold Coast Facebook page and to BOOK: ifly.com.au OR CALL 1300 366 364

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Commissioning Completed at iFLY Gold Coast

iFLY Gold Coast
Commissioning completed

Indoor Skydive Australia Group Limited (ASX: IDZ)(ISA Group) today announced that commissioning of the 12 foot indoor skydiving vertical wind tunnel at iFLY Gold Coast has been successfully completed.

iFLY Gold Coast is the world’s first 12 foot diameter single return facility designed by our technology supplier –  SkyVenture. The more compact design allows ISA Group to commercially exploit more challenging locations such as Surfers Paradise where size and footprint is limited by the environment.

The commissioning process involved control engineers, variable frequency drive technicians and chiller technicians working together over four different phases to examine, test and balance the sophisticated vertical wind tunnel componentry. The commissioning was completed in conjunction with the specialist SkyVenture commissioning team in just over 4 weeks.

Post commissioning the next stage of construction focuses on completion of the regulatory requirements for certification of the building’s classification prior to the issue of a final certificate for occupation and use.

iFLY Gold Coast is expected to open commercially in late January/early February.