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On today's Vox Markets Podcast: Martin Higginson CEO of Immotion talks about their "rapid increase in revenue and EBITDA"
Martin Higginson CEO of Immotion #IMMO talks about their H1 results and current trading that show a "rapid increase in revenue and EBITDA".
Martin Higginson, Group CEO said: "In the circumstances we are very pleased with H1's result. Hitting circa EBITDA breakeven in H1 is a major milestone, especially on Covid impacted revenues of
"The second half of the year has started very strongly, and this augurs well for a strong H2. The trading environment is now unrecognisable compared to the start of the year, as clearly demonstrated by the rapid increase in revenue and EBITDA. The investment in proprietary content, along with the technology to operate larger scale VR theatres, is starting to pay dividends and we are now looking ahead and planning for accelerated growth in 2022 from the plentiful growth opportunities we believe are in front of us."
Immotion Group aims to become a market leader in the western market sector of the “Out of Home” virtual reality market, with the objective of creating recurring revenues from a large installed base of Virtual Reality (“VR”) headsets across partner sites and ImmotionVR experience centres.