Vection Technologies Ltd (ASX: VR1), a leader in IntegratedXR® solutions, successfully raised AU$3.55 million through an upsized placement following robust FY25 Q3 results. The capital raise exceeded the original AU$2 million target, fueled by strong investor confidence in the company's AI-driven recurring revenue model and positive cash flow momentum. Key highlights include a 92% year-on-year surge in cash receipts to AU$12.5 million and a substantial increase in recurring revenues, now constituting 40% of total sales. The new funds will accelerate Vection’s initiatives in generative AI, spatial computing, and market expansion across defence, industrial, and telecom sectors. The company also plans to enhance R&D for emotion-aware digital humans and voice-driven XR workflows. The shares issued through the placement are anticipated to settle and begin trading by early May 2025. Vection continues to bridge physical and digital environments through innovative 3D data solutions for enterprises.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
