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Immotion Group focusing on high-margin partnerships to hit break-even faster

Immotion Group PLC's (LON:IMMO) Martin Higginson tells Proactive London's Andrew Scott a shift in strategy will see them focus on revenue sharing partnerships to roll-out their virtual reality pods into high footfall locations rather than direct sales.

He says the move will help build a recurring revenue stream and help the group reach break-even on an underlying basis faster.

Quick facts: Immotion Group

Price: 7.6 GBX

AIM:IMMO
Market: AIM
Market Cap: £21.75 m
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Full interview: Immotion plans fundraising following deal with Las Vegas resort

Immotion Group (LON:IMMO) has raised gross proceeds of £2.85mln from an 'oversubscribed' fundraising to accelerate its growth plans, and revealed it has inked a revenue-sharing deal with the MGM Mandalay Bay resort and casino in Las Vegas. CEO Martin Higginson tells Proactive London what the...

21 hours, 26 minutes ago

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