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 up by around £2.7m, for the first half of the year.
The unaudited Group revenue was £1m, with unaudited EBITDA at around £200,000, taking the company into overall EBITDA profitability for the year to date.
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.