Buy Or Sell Opportunity • Jun 26
Now 20% undervalued Over the last 90 days, the stock has risen 28% to AU$0.064. The fair value is estimated to be AU$0.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 36%. Buy Or Sell Opportunity • Jun 09
Now 22% undervalued Over the last 90 days, the stock has risen 35% to AU$0.065. The fair value is estimated to be AU$0.084, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 36%. Announcement • Oct 21
xReality Group Limited, Annual General Meeting, Nov 21, 2025 xReality Group Limited, Annual General Meeting, Nov 21, 2025. Location: at the offices of accru felsers at level 9, 1 chifley square, sydney Australia Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.005 loss per share (vs AU$0.008 loss in FY 2024) Full year 2025 results: AU$0.005 loss per share (improved from AU$0.008 loss in FY 2024). Revenue: AU$14.0m (up 36% from FY 2024). Net loss: AU$3.14m (loss narrowed 24% from FY 2024). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • Aug 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$23.0m market cap, or US$15.0m). New Risk • Jul 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$21.6m market cap, or US$14.1m). Announcement • Jun 27
xReality Group Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. xReality Group Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 80,000,000
Price\Range: AUD 0.025
Transaction Features: Subsequent Direct Listing New Risk • May 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.2m free cash flow). Earnings have declined by 7.6% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$21.2m market cap, or US$13.5m). Reported Earnings • Mar 04
First half 2025 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in 1H 2024) First half 2025 results: AU$0.002 loss per share (improved from AU$0.003 loss in 1H 2024). Revenue: AU$5.92m (up 30% from 1H 2024). Net loss: AU$992.3k (loss narrowed 34% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Oct 25
xReality Group Limited, Annual General Meeting, Nov 22, 2024 xReality Group Limited, Annual General Meeting, Nov 22, 2024, at 12:00 SA Western Standard Time. Location: veritas securities limited at level 4, 175 macquarie street, sydney., sydney Antigua & Barbuda Reported Earnings • Aug 30
Full year 2024 earnings released: AU$0.008 loss per share (vs AU$0.004 loss in FY 2023) Full year 2024 results: AU$0.008 loss per share (further deteriorated from AU$0.004 loss in FY 2023). Revenue: AU$10.2m (down 2.9% from FY 2023). Net loss: AU$4.11m (loss widened 143% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Jun 14
xReality Group Limited announced that it has received AUD 0.5 million in funding xReality Group Limited announced that it has received $500,000 in a round of funding on June 12, 2024. The transaction included participation from new lender Causeway Financial. Recent Insider Transactions • Mar 19
CEO & Executive Director recently bought AU$62k worth of stock On the 15th of March, Wayne Jones bought around 2m shares on-market at roughly AU$0.028 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wayne has been a buyer over the last 12 months, purchasing a net total of AU$107k worth in shares. Announcement • Mar 01
xReality Group Limited to Report First Half, 2024 Results on Feb 29, 2024 xReality Group Limited announced that they will report first half, 2024 results on Feb 29, 2024 New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (AU$17.0m market cap, or US$11.1m). Recent Insider Transactions Derivative • Feb 03
CEO & Executive Director exercised options to buy AU$261k worth of stock. On the 31st of January, Wayne Jones exercised options to buy 8m shares at a strike price of around AU$0.021, costing a total of AU$177k. This transaction amounted to 41% of their direct individual holding at the time of the trade. Since June 2023, Wayne's direct individual holding has increased from 19.53m shares to 20.38m. Company insiders have collectively bought AU$288k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Jan 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.0m (US$9.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (AU$15.0m market cap, or US$9.85m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). New Risk • Nov 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.3m (US$9.76m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (AU$15.3m market cap, or US$9.76m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$1.3m). Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Announcement • Nov 06
xReality Group Limited, Annual General Meeting, Nov 21, 2023 xReality Group Limited, Annual General Meeting, Nov 21, 2023, at 12:00 AUS Eastern Standard Time. Location: Australian Institute of Company Directors offices at 18 Jamison Stree Sydney New South Wales Australia Agenda: To consider the Annual Report of the Company and its controlled entities for the year ended 30 June 2023, which includes the Financial Report, the Directors' Report and the Auditor's Report; to consider Adoption of the Remuneration Report; to consider election of Philip Copeland as a Director; to consider election of Kim Hopwood as a Director; to consider election of John Diddams as a Director; to consider approval of 10% Placement Capacity; to consider issue of Service Rights and Options to Non-Executive Director; to consider approval of Employee Incentive Option Plan; and to consider proposed Participation of Placement by Director. Announcement • Oct 18
xReality Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5 million. xReality Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,285,714
Price\Range: AUD 0.035
Discount Per Security: AUD 0.0021
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.004 loss per share (vs AU$0.02 loss in FY 2022) Full year 2023 results: AU$0.004 loss per share (improved from AU$0.02 loss in FY 2022). Revenue: AU$10.5m (up 60% from FY 2022). Net loss: AU$1.69m (loss narrowed 76% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 93% per year, which means it is well ahead of earnings. New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Market cap is less than US$100m (AU$19.2m market cap, or US$12.4m). New Risk • Jul 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Market cap is less than US$100m (AU$25.9m market cap, or US$17.6m). Reported Earnings • Mar 03
First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.004 loss in 1H 2022) First half 2023 results: AU$0.002 loss per share (improved from AU$0.004 loss in 1H 2022). Revenue: AU$4.97m (up 107% from 1H 2022). Net loss: AU$882.7k (loss narrowed 28% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 23
xReality Group Limited Appoints Philip Copeland as Non-Executive Director and Chair of its Newly Formed International Expansion Committee xReality Group Limited announced the appointment of Philip Copeland as a Non-Executive Director of the Company, and Chair of the Company's newly formed International Expansion Committee. Philip Copeland is an experienced senior leader in the enterprise software-as-a-service (SaaS) sector. Philip has a highly successful track record scaling enterprise SaaS businesses into global markets across highly regulated industries including government and financial services. Philip's extensive experience includes being former CEO and co-founder of Avoka Software. business enablement platform. Philip currently resides in Colorado, USA and will be assisting XRG to break into the US Government markets and guiding the company as it executes it's international growth strategy through Enterprise Software. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Chairman John Diddams was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 13
xReality Group Limited, Annual General Meeting, Nov 10, 2022 xReality Group Limited, Annual General Meeting, Nov 10, 2022, at 16:00 AUS Eastern Standard Time. Location: Australian Institute of Company Directors 18 Jamison St, Sydney NSW 2000 Sydney Australia Agenda: To consider ADOPTION OF REMUNERATION REPORT; to consider ELECTION OF JOHN DIDDAMS AS DIRECTOR; To consider ELECTION OF MARK SMETHURST AS DIRECTOR. Reported Earnings • Sep 01
Full year 2022 earnings released: AU$0.02 loss per share (vs AU$0.012 profit in FY 2021) Full year 2022 results: AU$0.02 loss per share (down from AU$0.012 profit in FY 2021). Revenue: AU$6.57m (down 9.5% from FY 2021). Net loss: AU$6.93m (down 269% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 54% per year. Announcement • Aug 22
Xreality Group Limited Announces Appointment of Will Beaumont as Global Sales Director xReality Group Limited announced that in line with the growing market opportunity for both Virtual Reality (VR) and Augmented Reality (AR), it has appointed Will Beaumont as Global Sales Director. The Global Sales Director role was established in response to the rapidly growing commercial opportunities with Operator Tactical Solutions, the Company's Military and Law Enforcement virtual reality simulation business unit. The commercial pipeline has been developing across both domestic and international markets including government agencies, distributors and commercial defence contractors. Will Beaumont is an experienced technology sales leader, having spent the last 16 years in sales leadership roles in SaaS businesses in the Data Platforms, IT Infrastructure and Enterprise technology segments. Notably, Will was instrumental in growing Avoka Technologies YoY revenues from a zero base to over $30m ARR. This ultimately lead to a $339m acquisition by an international listed technology company. Before his technology career, Will served as an officer in the Australian Defence Force for 14 years in Infantry and Special Forces units and was also responsible for developing and running major procurement and capability plans for Special Forces. The appointment aligns with XRG's recent acceptance into the Commonwealth Government's "Team Defence Australia" delegation to showcase its products at ARMY-USA, the largest Army-focused conference and trade show in the United States in October 2022. Companies are selected to participate in Defence delegations based on their product offerings and proven track record in line with the domain or focus of each event. The immediate priorities of the Global Sales Director role will be: Growing the international distributor network; Leading product demonstrations and trials to various state and federal agencies within Australia and Internationally across, Defence, State and Federal Law Enforcement Agencies. Ongoing development and execution of the "Go To Market" strategy and commercial sales pipeline. Representing the Company at Defence and Law Enforcement trade shows across Australia and the USA, including Land Forces (Australia), ARMY-USA, and I/ITSEC (USA), the world's largest military focused Training and Simulation event in Orlando, FL. Announcement • May 26
xReality Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.26 million. xReality Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.26 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,375,000
Price\Range: AUD 0.032
Transaction Features: Subsequent Direct Listing Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Chairman John Diddams was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
xReality Group Limited Launches Operator LE xReality Group Limited announced the launch of Operator LE, Virtual Reality Training Solution for the global Law Enforcement market. Operator LE allows Police and Law Enforcement Officers (LEO's) to train operational tactics andprocedures within a portable, virtual reality environment. Complimenting existing training methods, the virtual reality system allows Officers to train more often, leading to increased preparedness across a broad range of scenarios.Operator LE training scenarios focus on de-escalation, use-of-force. domestic disputes, traffic stops and other tactical drills, with a continually growing library. System training accessories include Glock, Taser and OC Spray allowing officers to safely train use- of-force scenarios. The After Action Review System allows trainers to debrief trainees from any angle including trainee, suspect, or third person view. The system uses the same underlying platform as the defence focused Operaor OP-1 Virtual Reality Tactical Trainer, developed by XRG and officially launched February 24th 2022. Users can train together in a warehouse scale training facility, or remotely in individual training spaces such as within a police station. Announcement • Feb 24
xReality Group Limited Launches Global Defence Products xReality Group Limited announced the global launch of its Defence specific product line during the Military Communication and Information Systems Conference and Expo (MilCIS) in Canberra. MilCIS is a unique opportunity for those investing in government and military communications and information systems. Each year, MilCIS facilitates a continuing dialogue between Department of Defence employees, contractors, industry and researchers to discuss current and developing technological capabilities, project initiatives, and operational requirements. XRG will use the conference to launch it's Defence specific, Virtual Reality Training, Planning and Mission Rehearsal Systems. Reported Earnings • Feb 24
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.004 loss per share (down from AU$0.002 loss in 1H 2021). Revenue: AU$2.40m (down 32% from 1H 2021). Net loss: AU$1.23m (loss widened 97% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth. Announcement • Dec 09
Xreality Group Limited Announces the Upcoming Launch of Freak Entertainment's First In-House Developed Virtual Reality Game xReality Group Limited announces the upcoming launch of FREAK Entertainment's first in-house developed virtual reality game, created by recently acquired VR studio Red Cartel. Set on a futuristic space station, each team of 2 players chooses to be either Space Cowboys or Aliens. The Cowboy team protects the space station and the Alien team invades. The game will feature 3 unique levels that each team needs to attack or defend with a short break between levels. Players will have a fun weapon that automatically reloads and shield to protect themselves, as well as areas to hide and take cover. At the end of each level, the scores will be shown as well as bonus points for destroying important objects. Cowboys vs Aliens will first pilot at FREAK Bondi in the December-January school holidays, then roll out to all venues in Third Quarter FY22. Created by xReality Group's wholly owned VR studio, Red Cartel, the game has been built using underlying free roam VR technology and game mechanics developed as a part of the Military Tactical Trainer and Mission Rehersal system which is yet to be released. All game related IP is owned by xReality Group. A minimum of 4 games will be released over the next 12 months. The in house games will deliver incremental value to the company directly through lowering game licensing costs, broadening the customer demographic, and building company owned game IP. This direction further enables growth focused business models for FREAK Entertainment including "turnkey" systems and franchising. Recent Insider Transactions • Nov 23
Insider recently sold AU$284k worth of stock On the 17th of November, Alexander Beard sold around 6m shares on-market at roughly AU$0.05 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$295k more than they bought in the last 12 months. Reported Earnings • Oct 05
Full year 2021 earnings released: EPS AU$0.012 (vs AU$0.014 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$7.27m (up 45% from FY 2020). Net income: AU$4.11m (up AU$8.47m from FY 2020). Profit margin: 57% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 03
Full year 2021 earnings released: EPS AU$0.012 (vs AU$0.014 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$7.27m (up 45% from FY 2020). Net income: AU$4.11m (up AU$8.47m from FY 2020). Profit margin: 57% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Announcement • Aug 24
Indoor Skydive Australia Group Limited (ASX:IDZ) completed the acquisition of Red Cartel Pty Ltd. Indoor Skydive Australia Group Limited (ASX:IDZ) agreed to acquire Red Cartel for AUD 0.61 million on August 11, 2021. As part of the consideration, Indoor Skydive Australia Group Limited will pay AUD 0.609 million comprising an up front payment of AUD 0.012191 million with the remaining consideration being paid by the issue of ISA Group ordinary shares to the seller over the next 3 years. The total amount of shares to be issued for each payment is calculated based off the greater of a set share value or the 15 day VWAP at the anniversary of the completion of the acquisition. There are 3 separate tranches of shares to be issued with the majority of the payments being deferred until the second and third anniversaries of completion. ISA Group is acquiring all of the assets of Red Cartel including the brand, all intellectual property, working files and hardware. As part of the transaction, key employees, including Red Cartel’s founder, will become employees of ISA Group. The deal is expected to close no later than August 31, 2021.
Indoor Skydive Australia Group Limited (ASX:IDZ) completed the acquisition of Red Cartel Pty Ltd on August 24, 2021. Announcement • Aug 13
Indoor Skydive Australia Group Limited (ASX:IDZ) agreed to acquire Red Cartel for for AUD 0.61 million. Indoor Skydive Australia Group Limited (ASX:IDZ) agreed to acquire Red Cartel for AUD 0.61 million on August 11, 2021. As part of the consideration, Indoor Skydive Australia Group Limited will pay AUD 0.609 million comprising an up front payment of AUD 0.012191 million with the remaining consideration being paid by the issue of ISA Group ordinary shares to the seller over the next 3 years. The total amount of shares to be issued for each payment is calculated based off the greater of a set share value or the 15 day VWAP at the anniversary of the completion of the acquisition. There are 3 separate tranches of shares to be issued with the majority of the payments being deferred until the second and third anniversaries of completion. ISA Group is acquiring all of the assets of Red Cartel including the brand, all intellectual property, working files and hardware. As part of the transaction, key employees, including Red Cartel’s founder, will become employees of ISA Group. The deal is expected to close no later than August 31, 2021. Recent Insider Transactions • Jul 15
Insider recently sold AU$109k worth of stock On the 8th of July, Alexander Beard sold around 5m shares on-market at roughly AU$0.022 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$516k more than they bought in the last 12 months. Announcement • Jun 22
Indoor Skydive Australia Group Limited Announces FREAK Operations Update Indoor Skydive Australia Group Limited provided an operations update for FREAK Entertainment. Key points:· FREAK partners with Splendour in the City music festival, Circular Quay· Launch of FREAK Education· FREAK Entertainment venue rollout continues. FREAK has been confirmed to have an attraction at Splendour in the City, held at the verseas Passenger Terminal in Circular Quay, Sydney, July 10-18. The popup venue will feature 2x Free Roam VR Arena's and an 8x player VR Laser Tag game. At the event, FREAK will also be previewing the upcoming global Virtual Reality based music festival Splendour XR. Supported by the NSW Government, Splendour in the City will offer Sydneysiders and visitors a nine- day long taste of the nations most popular music festival. Splendour in the City will offer over 20 artists across two rooms, the Comedy Club, long table dining, specialty bars, art installations, markets, Little Splendour kid's program, and FREAK VR. FREAK Education, currently in pilot stage, provides immersive learning solutions including Virtual Reality (VR) and Augmented Reality (AR) programs to primary and high school students. The pilot program has launched with 2 Sydney based public schools. The virtual reality learning experiences are curriculum aligned covering STEM, Geography, History and the Arts. Lesson plans for teachers are provided with the solution. FREAK Education is a nationwide incursion service with mobile VR /AR kits delivered to schools while also offering excursions to venues. Operations will be administered from existing venues optimising the utilisation during the mid-week periods. The Education program is the first of the "training specific" Virtual Reality offerings currently under development by ISA Group. Following the success of the first standalone FREAK Entertainment venue located in Westfield Bondi Junction, the rollout is underway with multiple venues currently under review and lease negotiations well advanced. The new venues are aimed at strategic locations across Sydney and Brisbane. Recent Insider Transactions • Oct 16
Insider recently sold AU$466k worth of stock On the 13th of October, Alexander Damien Beard sold around 20m shares on-market at roughly AU$0.023 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$427k more than they bought in the last 12 months. Reported Earnings • Oct 04
Full year earnings released - AU$0.014 loss per share Over the last 12 months the company has reported total losses of AU$4.36m, with losses widening by 67% from the prior year. Total revenue was AU$5.00m over the last 12 months, down 33% from the prior year. 
