VIROO XRaaS revenue grew from 590,555 euros in 2022 to 1,288,060 euros in 2023, reaching 1,725,719 euros by the end of 2024 and marking a 192% increase over two years. VIROO, Virtualware's flagship product, is a ready-to-run XR solution that provides multiple, ready-to-use applications for users and tools for developers to create and distribute their own custom multi-user XR, simulation, and digital twin applications while ensuring security, scalability, and performance. "These audited results prove that not only Virtualware is growing strong, but also that the way it conducts business is investor-oriented," said CEO Unai Extremo.
Bilbao, 27 March 2025. Virtualware (EPA: MLVIR), a leading expert in 3D-driven enterprise software, reported a 91% increase in EBITDA to 808,000 euros in its audited results submitted today to Euronext. This growth was driven by the expanded adoption of the company's enterprise XR platform VIROO, through its subscription-based model and new contracts secured in North America.
A few weeks ago, Virtualware announced its intention to uplist to Euronext Growth Paris in the second quarter of 2025. In the past twenty years, Virtualware has built enterprise solutions for global conglomerates and institutions, including GE Vernova, Petronas, Volvo, Alstom, Gestamp, ADIF, Bosh, Biogen, Kessler Foundation, Invest Windsor Essex, McMaster University, and the Spanish Ministry of Defense. The company's main office is in Bilbao, Spain, with additional offices in Orlando (USA), Toronto (Canada), and Skövde (Sweden).
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