Tag: Indoor Skydiving

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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.
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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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End the financial year on a high!

 Celebrate EOFY with a touch of adrenaline!

A group package at iFLY Indoor Skydiving is a great way to bring people of all abilities and backgrounds together. You will not be able to stop laughing and smiling as you watch each other overcome your initial fears and premonitions, take to the air with ease, and experience what flying in free fall feels like.

iFLY is just like a real skydive but without the plane and in a fully controlled, ultra- safe environment.

Whether you’re 3 or 103, Indoor Skydiving is both an exhilarating experience and a highly addictive sport.

It’s safe for children, challenging for adults, exciting for teens and realistic for skydivers.

There’s no parachute, no jumping, and nothing attaching you to planet Earth! You simply lean into the wind inside our giant glass tunnel and a column of air lifts you up and you’ll float effortlessly into flight, guided by our qualified instructors. You will then fly your body just like a skydiver would after jumping out of a plane.

It’s just you and the air…and an incredible adrenaline rush.

OFFERS

For iFLY Downunder (Sydney West) – CLICK HERE

For iFLY Gold Coast – CLICK HERE

For iFLY Perth – CLICK HERE

WATCH

We’ve worked closely with the Executive Assistant Network Australia wide to bring them a solution to their corporate outings and team building events. Watch below the latest event we held in Sydney!

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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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Northern Beaches Mums iFLY Experience

Northern Beaches Mums review iFLY Downunder

Michaela, a Northern Beaches Mum, got the opportunity to try out iFLY Downunder with her two children Thomas (11) and Melissa (7) and here is her raving review…

I’ve always wanted to say I had done a sky dive but being scared of heights you would never get me sitting in that small plane and jumping out! No way, hose!

Firstly, the centre is out at Penrith so a nice family drive, WARNING: DO NOT BE PUT OFF THAT YOU HAVE TO DRIVE… it is worth the travel? HELL YES!!!!!  This is a fantastic experience for the whole family, so if you are looking for something different to do and something that you’ll always remember, then this is it!

I was visiting the centre with my husband, my best friend from abroad and my two kids who are 11 and 7. The kids were super excited but i was feeling pretty nervous and my husband was still in shock that I’d booked this as I don’t normally go in for anything energetic and especially adrenaline pumping.

So… on arrival we started to get a little excited. It is a big centre with lots of seating where everyone can view the people that are currently in the wind tunnel area doing their sky dives. There’s also a café there with food and drink BONUS… I got cake and coffee so I was happy!

The staff are super helpful and friendly, and they took us in a room for our pre-flight training and safety talk and to get us kitted out in our flight gear, goggles and helmets. Now I was dreading putting the suit on as I thought I’d look ridiculous and fat but another bonus is that the suit was super slimming, I actually looked slimmer BONUS!!! and I was yet again feeling more and more pumped about booking this experience and ready to show the kids that this mummy still had some fun in her. Yes the nagging, tired, worn out, drained mummy was gone and here was super mama!! ready to go go go!! I could see the kids looking at me like is this really our mum… did they put something in coffee at the café!!! who hoo lets goooo!!!

It’s time for the skydive and you’re about to go in… oh wait a minute quick toilet trip for us all as we don’t want any accidents in there! Once you’re all ready you all have to put your headphones on to cancel the noise as it is REALLY NOISEY in there! So once you go in there’s lots of sign language going on (no bickering from the kids as you can’t hear a word they’re saying… BONUS).

CLICK HERE to read the full review and visit the Northern Beaches Mums website.

From the team at iFLY Downunder, thank you to Michaela and Northern Beaches Mums for visiting and writing this fantastic review of your experience!

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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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WINNER – Trip for 2 to the Gold Coast Competition

CONGRATULATIONS Jessica Avendano – you’re the winner of our competition “Win a Trip for 2 to the Gold Coast” (valued at over $4,000) in celebration of the 2018 Australian Open Indoor Skydiving Championships!

The prize includes:

We had over 450 entries in the competition; Jessica’s answer to “who would you take indoor skydiving with you and why?”:

“My adventurous fiancé tops the list;
as this will be an experience not to be missed.
A honeymoon filled with adventure galore,
will be a wedding present we’ll adore!”

We hope you enjoy this amazing trip for your honeymoon!

Thanks to our partners Mantra Legends Hotel, Gold Coast Skydive, Hot Air Balloon Gold Coast, Paradise Jet Boating & iFLY Indoor Skydiving!

Competition details: www.iFLY.com.au/winaholiday

#2018AustralianOpen #flyingAussies #winner #iFLYIndoors

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Elise Brown ready to dive into competition

Elise Brown ready to dive into competition

Story by the Wollondilly Advertiser. 

Elise Brown first jumped out of a plane at just nine years old.

Born into a family of skydivers this was nothing too strange for the Narellan teen.

However it was indoor skydiving that stole Brown’s heart.

“I was given an indoor skydiving voucher for my birthday and I just loved it,” the 18-year-old said.

“It was around the time I could go for my skydiving licence but I realised I could learn a lot more at indoor skydiving.”

Brown will represent NSW at the 2018 Australian Open Indoor Skydiving Championships on August 24 and 25.

She will compete in the Adult Freestyle Open section.

“We get judged on difficulty and how the moves are presented,” she said.

“I will do three routines, one is freestyle set to one minute of music the other two have compulsory moves that we all have to do so everyone gets judges on the same maneuvers.”

Brown will also head to Bahrain to represent Australia in the third FAI (Federation Aeronatique Internationale) World Cup of Indoor Skydiving.

Indoor skydiving is an emerging sport which has been growing in popularity in the past few years.

Brown said efforts were under way to have it included in the Olympics.

“It’s a great sport because it’s forever changing,” the former Elderslie High School student said.

“There is always something new to learn and people coming up with new ways to push the boundaries.”

While it sounds like fun to fly around in an air tunnel, Brown said serious competitors needed to train hard.

“I usually fly between three to four times a week, but I will be flying every night in the lead up to the competition,” she said.

“Anyone can fly but to compete you need a high level of fitness so I also do weight training, strength and resistance training at the gym five to six times a week.

“In the tunnel you only have about 70 per cent of your normal flexibility so you have to work hard.”

Brown urged other locals to give indoor skydiving a go.

“It’s something you just can’t explain until you try it.”

To see the original article, click here.