Immersive entertainment platform XR Immersive Tech has announced record third quarter revenue.
Revenue for the three months ending September 30, 2022 was US$443,613 compared to $28,037 for the three months ending September 30, 2021, a revenue increase of 1,582 per cent.
The company’s Synthesis VR product has also seen growth, with over 27million minutes of gameplay in 2022, an increase of 153 per cent compared with last year.
It also announced that it is on track to register 51,000 accounts this year, already 109 per cent up on the previous year.
Earlier in 2022, it announced that it had filed two full patent applications with the Canadian Intellectual Property Office related to the development of cutting edge VR and AR technology.
