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Immotion Group

Immotion VR move to blend growth with aim to break even

Virtual reality firm Immotion Group PLC (LON:IMMO) has told investors it is ready to push on towards break even, helping send its shares higher on Wednesday. A year of heavy investments has now put the company in prime position to reap the revenue rewards from its installations in territories across the globe. CEO Martin Higginson tells Proactive London that although the eventual end game is profitability, he wants investors to understand that ambitions to grow the company into a significant industry player means he won't be closing down opportunities which may demand further investment. 
The AIM-listed company, which makes immersive VR ‘pods’ and the complementary original content within them has ploughed funds into new ImmotionVR arcades as well as developing games and experiences.

Quick facts: Immotion Group

Price: £0.07

Market: AIM
Market Cap: £19.27 m
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