XREALITY GROUP LIMITED For personal use only
xReality Group Limited (ASX:XRG) (xReality)
ACN 154 103 607
ASX Release
Sydney, Australia - 28 July 2022
Quarterly Activities Report
xReality Group Limited (ASX:XRG) (xReality) is pleased to provide its Quarterly Activities Report and Appendix 4C for the quarter ending 30 June 2022.
Key points
- Gross receipts for Quarter $2.34m
- Entertainment and Retail Market Rebound
- Balance Sheet Strengthened
- Cash at Quarter End $2.65m
- Defence and Law Enforcement Successful Demonstrations to Key Customers
- Defence Global Distribution Channels Advanced
XRG's entertainment sector experienced a strong final quarter to the financial year with operations in NSW and QLD outperforming management expectations. Sales and revenue through the retail businesses continued to build on the momentum from Q3 with results through April exceeding pre- COVID numbers. Further investment into Enterprise and Defence products continues as the company commences commercialisation and marketing activities.
Business Segment Activities
- Entertainment
-
iFLY Downunder and Gold Coast
The iFLY businesses experienced customer throughput exceeding pre-COVID levels. A successful domestic marketing strategy combined with the return of some international markets resulted in the most successful Quarter of 2022.
Recruitment and training of staff has continued throughout the period, ensuring skill levels of both instructors and customer service teams are maintained at the highest standards.
-
FREAK Entertainment
The retail market has returned and the shopping centres are back to pre-COVID capacities. This has resulted in a successful quarter for FREAK Entertainment.
FREAK's first in-house built game continues to perform well and has been rolled out to all venues. Further games are now under development.
xReality Group Limited: ACN 154 103 607
123 Mulgoa Road, Penrith, NSW 2750 | Australia
xrgroup.com.au
For personal use only
- Enterprise
-
OP-1Defence VR Tactical Trainer
Operator's defence focused OP-1 Virtual Reality Tactical Trainer product line is ready for commercialisation. The company conducted multiple demonstrations to various government agencies throughout the quarter, including the Australian Defence Force, Australian Federal Police and State Police.
With the product now ready for commercialisation, the company has further demonstrations and presentations organised across Australia and Internationally over the next quarter.
- Operator Law Enforcement edition
During the quarter the Operator LE solution product development continued with the launch of simulated weapons including standard issue Police handguns and electronic charge devices. These weapons allow Police Officers to train safely and realistically within the VR simulations. A number of virtual reality de-escalation scenarios were developed and integrated into the training solution. Operator LE's first commercial opportunity is in progress with an Australian State police agency with an outcome expected late Q1 / early Q2 FY23.
Cash Flow Annalysis
Cash receipts for the quarter totalled $2,340,870. Net cash from financing activities for the period totalled $2,031,145. Net cash from operating activities for the period totalled $68,856, which included $161,538 of aged creditor payments and supplier prepayments from outside the quarter. The company invested $514,873 in non-current assets which included continued investment in Defence and Consumer XR product development, along with Wind Tunnel upgrades. Closing Cash position at the end of the quarter totalled $2,652,396.
Related parties expenses of $98,976 comprise of salaries and superannuation paid to executive and non-executive directors.
This announcement is authorised by the Board of Directors.
END
About xReality Group Limited (ACN: 154 103 607)
XReality Group Limited develops and operates physical and digital simulations. Portfolio companies include Indoor Skydiving facilities, Virtual Reality (VR) and Augmented Reality (AR) entertainment, training, and production.
The Company listed on ASX on 18th January 2013 under the code IDZ changing to XRG on 13th Dec 2021.
For further information visit: www.xrgroup.com.au
Wayne Jones, Chief Executive Officer, wjones@xrgroup.com.au
Stephen Tofler, Company Secretary, stofler@xrgroup.com.au
xReality Group Limited: ACN 154 103 607
123 Mulgoa Road, Penrith, NSW 2750 | Australia
xrgroup.com.au
only
Rule 4.7B
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Name of entity
xReality Group Ltd
ABN | Quarter ended ("current quarter") |
39 154 103 607 | 30 June 2022 |
personal use
Consolidated statement of cash flows
1. Cash flows from operating activities
1.1 Receipts from customers
1.2 Payments for
(a) research and development
- product manufacturing and operating costs
(c) advertising and marketing
(d) leased assets
(e) staff costs
(f) administration and corporate costs
1.3 Dividends received (see note 3)
1.4 Interest received
1.5 Interest and other costs of finance paid
1.6 Income taxes paid
1.7 Government grants and tax incentives
1.8 Other (creditors from other periods)
1.9 Net cash from / (used in) operating activities
Current quarter | Year to date | |
$A | (12 months) | |
$A | ||
2,340,870 | 7,248,985 | |
- | - | |
- | 614,950 | -2,021,334 |
- | 128,650 | -480,027 |
- | 11,696 | -76,652 |
- | 993,552 | -3,101,672 |
- | 116,705 | -785,204 |
- | - | |
- | - | |
- | 157,644 | -597,973 |
- | 104,780 | -141,830 |
17,500 | 574,102 | |
- | 161,538 | -690,660 |
68,856 | -72,263 |
For
2. | Cash flows from investing activities | |||
2.1 | Payments to acquire: | |||
(a) | entities | - | - | |
(b) | businesses | - | - | |
(c) | property, plant and equipment | - | - | |
(d) | investments | - | - | |
(e) | intellectual property | - | - | |
(f) | other non-current assets | -514,873 | -1,577,227 |
ASX Listing Rules Appendix 4C (01/12/19) | Page 1 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
For personal use only
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Consolidated statement of cash flows | Current quarter | Year to date | ||
$A | (12 months) | |||
$A | ||||
2.2 | Proceeds from disposal of: | |||
(a) | entities | - | - | |
(b) | businesses | - | - | |
(c) | property, plant and equipment | - | - | |
(d) | investments | - | - | |
(e) | intellectual property | - | - | |
(f) | other non-current assets | - | - | |
2.3 | Cash flows from loans to other entities | - | - | |
2.4 | Dividends received (see note 3) | - | - | |
2.5 | Other (provide details if material) | - | - | |
2.6 | Net cash from / (used in) investing | -514,873 | -1,577,227 | |
activities |
3. Cash flows from financing activities
3.1 Proceeds from issues of equity securities
(excluding convertible debt securities) | 2,160,000 | 2,160,000 | |
3.2 | Proceeds from issue of convertible debt | - | - |
securities | |||
3.3 | Proceeds from exercise of options | - | - |
3.4 | Transaction costs related to issues of | -53,855 | -53,855 |
equity securities or convertible debt | |||
securities | |||
3.5 | Proceeds from borrowings | - | - |
3.6 | Repayment of borrowings | -75,000 | -150,000 |
3.7 | Transaction costs related to loans and | - | - |
borrowings | |||
3.8 | Dividends paid | - | - |
3.9 | Other (creditor settlement to facilitate debt | - | - |
restructure) | |||
3.10 | Net cash from / (used in) financing | 2,031,145 | 1,956,145 |
activities |
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 Cash and cash equivalents at beginning of
period | 1,067,268 | 1,978,657 | |
4.2 | Net cash from / (used in) operating | 68,856 | -284,969 |
activities (item 1.9 above) | |||
4.3 | Net cash from / (used in) investing activities | -514,873 | -997,437 |
(item 2.6 above) |
ASX Listing Rules Appendix 4C (01/12/19) | Page 2 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B
For personal use only
Consolidated statement of cash flows | Current quarter | Year to date | |
$A | (12 months) | ||
$A | |||
4.4 | Net cash from / (used in) financing activities | 2,031,145 | 1,956,145 |
(item 3.10 above) | |||
4.5 | Effect of movement in exchange rates on | - | - |
cash held | |||
4.6 | Cash and cash equivalents at end of | 2,652,396 | 2,652,396 |
period | |||
5. | Reconciliation of cash and cash | Current quarter | Previous quarter |
equivalents | $A | $A | |
at the end of the quarter (as shown in the | |||
consolidated statement of cash flows) to the | |||
related items in the accounts | |||
5.1 | Bank balances | 2,652,396 | 1,067,278 |
5.2 | Call deposits | - | - |
5.3 | Bank overdrafts | - | - |
5.4 | Other (provide details) | - | - |
5.5 | Cash and cash equivalents at end of | 2,652,396 | 1,067,268 |
quarter (should equal item 4.6 above) | |||
6. | Payments to related parties of the entity and their | Current quarter | |
associates | $A | ||
6.1 | Aggregate amount of payments to related parties and their | 56,185 | |
associates included in item 1 | |||
6.2 | Aggregate amount of payments to related parties and their | 42,791 | |
associates included in item 2 |
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments
- Directors fees to non-executive Directors and salaries to executive Directors.
- Salaries and superannuation to executive Directors.
ASX Listing Rules Appendix 4C (01/12/19) | Page 3 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
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xReality Group Ltd. published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 00:07:50 UTC.
