Greater Manchester-based VR group Immotion has reported a revenue of £2.7 million in H1 2021, up nearly £2 million from the £818,000 recorded in the same period in 2020.
The group has cut its losses from £2.5 million to £1.4 million in its interim results for 2021, and said that performance in its third quarter has been “outstanding” – with a breakeven pre-tax profit in this period.
Immotion, which works with brands including Blackpool Tower, Merlin Entertainment, Legoland, Sealife and more, says it has a number of new ventures in the pipeline, and that its Location Based Entertainment (LBE) business has recovered strongly following a good summer.
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.