Virtual reality firm establishing itself as a major player in market
A firm which specialises in virtual reality experiences had revenues of £2.9m in the last year.
Immotion, which is based in Salford Quays, has published its final results.
The company had revenues of £1.9m from continuing operations but its underlying losses before tax were £2.9m.
The firm joined AIM last July and raised £4.8m in a share placing. A further placing raised £3.1m last month.
It successfully opened ten ImmotionVR centres and secured deals with major partners such as Merlin Entertainments.
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