A Greater Manchester-based virtual reality (VR) group has said it is “very optimistic” for the future and eyeing further growth after reporting that it expects unaudited first half results to break even.
Immersive entertainment firm Immotion said in a trading update on Monday that revenue will be around £2.7m for the first half of the year, with June having seen its best ever monthly result with unaudited group EBITDA of £126,000 on revenues on £850,000.
The Salford-based firm said the second half of 2021 has “started very strongly” – with July being yet another record month.
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.