Tag: Sales

News

Operator XR Sales Update November 2024

Post author By xReality Group Ltd
Post date 26/11/2024

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.

"The remarkable penetration of Operator XR across both the Law Enforcement and Military markets, particularly in the United States of America, has continued throughout the early stages of the financial year. The exposure gained through major customers, including the US Department of Defence, is beginning to open new opportunities to other federal agencies and brings further validation to the Operator XR software."

Wayne Jones Chief Executive Officer

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.

Visit Operator XR.

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.

Tags Augmented Reality, Extended Reality, Operator XR, Sales, Virtual reality

News

Operator XR achieves $1,430,000 sales in June 2024

Post author By xReality Group Ltd
Post date 06/07/2024

xReality Group is pleased to report Operator XR has continued its momentum throughout June 2024 achieving some major new milestones.

Highlights

June 2024 proved to be one of Operator XR’s most significant months to date securing an $800,00 Australian Government Agency contract with full payment for the system received and delivery set for Q1 FY2025.

Operator XR also signed a licence extension for the Australian Defence Force trial, which, combined with 5 new customers for the month, achieved $1,430,000 in sales growth; this represents a 75% increase in Operator XR’s Annual Recognised Revenue which now sits at $2,210,000.

“Building off the recent success with the Australian Defence Force, we are excited to be broadening our user base across other agencies in Australia."

Wayne Jones

Chief Executive Officer

The impact of these sales marks a 54% increase in Total Contract Value on May 2024, bringing the FY24 cumulative total to $4,100,000. Operator is focused on continuing this sales trajectory throughout FY25, with a growing pipeline of opportunities being actualised.

The continued momentum with new prospects highlights the increasing demand and market relevance of Operator XR’s solutions. June 2024 saw significant success in New Customers, with 6 joining the Operator XR portfolio, taking the total customers for FY24 to 29.

Market opportunities

Looking ahead

Stay tuned for more updates as we continue to transform mission planning and rehearsal for Defence and Law Enforcement with Operator XR.

"The company is pleased with the continued momentum of sales throughout the month of June. A strong result over the final quarter of FY2024 has positioned the company well with a large pipeline of sales expected to materialize throughout Q1 of FY2025."

Wayne Jones

Chief Executive Officer

Tags Augmented Reality, Extended Reality, Operator XR, Sales, Virtual reality

News

Rapid sales growth of Operator XR

Post author By xReality Group Ltd
Post date 10/06/2024

Operator XR Rapid Sales Growth

xReality Group Limited (XRG) is excited to share the following sales update for Operator XR, a wholly owned subsidiary of xReality Group Ltd. Operator XR provides Military and Law Enforcement agencies around the world with a unique, integrated Mission Planning & Rehearsal System, which is portable, secure, and highly immersive.

Expanding U.S. Presence and Market Focus

In late November 2023, Operator XR bolstered its U.S. operations by expanding the sales team. This strategic move was designed to intensify direct sales activities within the Law Enforcement sector, while we continue to develop the Military segment globally. The results of this focus has seen rapid sales growth in the month of May.

May 2024: Record-Breaking Achievements

May has been an outstanding month for Operator XR, demonstrating substantial growth across multiple metrics, including year to date total contract value more than doubling, resulting in an Annual Recurring Revenue increase of 107% for the month to $1.26m.

- Sales Achievement: Operator XR secured $1.93 million in sales, marking a significant monthly performance.
- Customer Acquisition: We welcomed 12 new customers and achieved our second Australian Defence Force sale, further solidifying our market presence.
- Contract Value Surge: The total year-to-date contract value has soared by 261% this month, reaching an impressive $2.66 million.
- Recurring Revenue Growth: Our Annual Recurring Revenue (ARR) experienced a remarkable 107% increase, now standing at $1.26 million.

Strategic Wins: Law Enforcement and Military Expansion

Second Sale to the Australian Defence Force:

On May 22, 2024, we received a Purchase Order from the Australian Defence Force for the delivery of two systems with a three-year license; further details of this sale remain confidential. This marks the second purchase of the Operator XR system by the Australian Defence Force, separate from the ongoing trial with the broader organisation.

New Law Enforcement Customers in the U.S.

In May 2024, Operator XR received orders from 11 individual Law Enforcement agencies across various states. The customers include Police Departments in Oregon, Maryland, Alaska, Texas, Florida, Ohio, Arkansas, Indiana, and a prominent training organisation based in California. These new partnerships underscore our commitment to providing advanced training and operational solutions to Law Enforcement.

Future Focus

Operator XR is focused on continued growth over the coming months and remains committed to delivering cutting-edge solutions that meet the evolving needs of our clients.

XRG CEO Wayne Jones said, “The momentum we are currently experiencing, particularly in the US,
is a further validation of the product and market fit. We have established a strong sales culture within
Operator XR, and we are starting to see the results of the Sales, Marketing and Production activities
over the past 6 months.”

To view the ASX release, click here: 30 May Operator XR Sales Update ASX release here.

Visit the Operator XR website here.

Tags Augmented Reality, Customers, Expansion, Law Enforcement, Military, Operator XR, Record Breaking, Sales, US, Virtual reality, xReality GRoup, XRG

News

Will Beaumont appointed as Global Sales Director

Post author By Cheryl Dawson
Post date 22/08/2022

We are excited to announce that Will Beaumont has joined xReality Group Limited as our Global Sales Director.

With a strong background in technology sales leadership and 14 years experience in the Australian Defence Force, where he led major procurement and capability plans for Special Forces, Will brings a unique perspective and understanding of our military and law enforcement customers’ needs.

xReality Group focuses on developing and operating physical and digital simulations, particularly in Virtual Reality (VR) and Augmented Reality (AR). Our Military and Law Enforcement virtual reality simulation unit, Operator XR, has been gaining traction both domestically and internationally.

Will’s appointment comes at an opportune time, coinciding with our acceptance into the prestigious “Team Defence Australia” delegation, where we will showcase our products at ARMY-USA – the largest Army-focused conference and trade show in the United States.

As Global Sales Director, Will’s priorities include expanding our international distributor network, conducting product demonstrations for state and federal agencies, and executing our commercial sales pipeline. His enthusiasm for our solutions and their market fit reinforces our confidence in future growth.

Wayne Jones, XRG CEO, is thrilled with Will’s addition to the team, recognising his potential to drive our global sales strategy and ensure our products reach those on the frontline.

We warmly welcome Will to our team and look forward to an exciting journey ahead with xReality Group.

Read the full ASX article here.

Find out more about Operator XR here: https://operatorxr.com/

xReality Group Limited are leaders in enterprise software development for mission critical simulations for military and law enforcement. The company develops and operates physical and digital simulations. Portfolio companies include Indoor Skydiving facilities, Virtual Reality (VR) and Augmented Reality (AR) entertainment, training, and production.

Operator provides Military and Law Enforcement agencies with a unique, integrated Mission Planning & Rehearsal System, which is portable, secure and highly immersive. See https://www.operatorxr.com

xReality Group Limited is listed on ASX under the code XRG.

Tags Augmented Reality, Global Sales Director, Operator, Operator XR, Sales, Team, Technology, Virtual reality, xRealty Group, XRG