Half-year turnover surges as losses slashed at Immotion

Turnover has surged and pre-tax losses slashed at a Greater Manchester-based virtual reality (VR) group which works with the likes of The 02, the owner of Alton Towers and The Blackpool Tower during the first half of its financial year.

Immersive entertainment firm Immotion has reported a revenue of £2.7m for the six months to the end of June 2021, up from the £818,000 it posted for the same period in 2020.

Immotion Group plc (LON:IMMO) bring together thrilling and educational content with state-of-the-art technology to ignite visitor interest, drive ancillary revenues and fuel visitor numbers; utilizing a compact footprint with no upfront CAPEX.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Immotion Group plc

More articles like this

Immotion Group plc

VR for education

ImmotionVR has always been at the cutting edge of technology, animation and virtual reality; with an Emmy Award-winning team of documentary filmmakers and CGI artists working out of studios in Los Angeles and Manchester. ImmotionVR is a new

Immotion Group plc

The increased adoption of Augmented and Virtual Reality

Augmented reality (AR) and virtual reality (VR) have seen a significant rise in popularity in recent years, including applications catalyzed by the pandemic due to social distancing restrictions. Once considered niche products in the entertainment and

Immotion Group plc

Manchester VR firm Immotion reveals profit update

Manchester-headquartered VR firm Immotion Group has reported its “best ever monthly” result in a trading update on Monday. The ‘immersive entertainment’ firm confirmed it expects unaudited H1 results to show a near EBITDA breakeven outcome on revenue

Immotion Group plc

Can virtual reality improve the patient experience in MRI?

Having patients wear virtual reality goggles during their MRI exams could go a long way toward reducing their anxiety and claustrophobia during the scans, according to a study published August 11 in Scientific Reports. And virtual

Immotion Group plc

How VR is shaping a variety of industries

Recent innovations have made it possible for everyday people to exist in multiple different realities, mediums and forms. As a result, it’s only natural that the technologies of tomorrow will help bridge the gaps created between