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IN BRIEF: VR Education's Engage platform starts 2021 on front foot

Wed, 07th Apr 2021 11:31

VR Education Holdings PLC - AIM-listed virtual reality technology company - Says its software platform Engage has continued to gain strong traction in the first quarter of 2021. Engage revenue for first three months of the year more than doubles quarter-on-quarter at EUR400,000, and 28 new enterprise and institutional customers have contracted to use the platform so far in 2021.

"We are focused on building on the Engage client, user and revenue momentum we generated in 2020. Over the coming year, we will be targeting enterprise and institutional clients in our key geographies of Europe, Asia and North America and grow Engage usage," says Chief Executive David Whelan.

Current stock price: 12.40 pence, up 24% on Wednesday

Year-to-date change: down 19%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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