Member Info for regvarny

......1 million Secondary K12 pupils will be given access to AI learning resources.....Which is good news for providers of AI Education technology....ie Meta and Engage XR.....Reg

MK.....Ask yourself this question.....do you think Engage revenues will go up this year.....If yes....coupled with Engage IP..... impressive partners....customers.....Trumps executive order to incorporate A1 into K12 schools ie Metaverse Meta Quest headsets with Engage license attached....Engage look well positioned for strong growth....Reg.

.......Monthy loses narrowing from 2024 0.325m Euro.....to June 2025 0.2m Euro....Is great progress to profitability......I estimate company currently has 1-1.4m net cash....and no borrowings.....Therefore no need for imminent raise....and with similar 2025/26 loss reduction trajectory should see Engage in profit....eg Optima Ed....had 2024 3k Engage K12 licenses = 0.5m Euro annual revenues.....to 2025 estimated 6k Engage K12 licenses =1m Euro annual revenues.....Company is also talking to major Insurers about on board training.....PWC ME looks on track.....additional contracts pending new cohort results.....Positive Reg

Outlook going forward.....breakeven this year......Trump order directs incorporation of AI in K12 schools.....is massive for Engage.....Positive Reg

Layoffs ME.....probable result of Engage partner PWC suspension by Saudi PIF for one year.....UAE business should remain uneffected by Saudis decision.....Looks like Engage Global head of sales for EMEA and his team have paid price for not closing the expected revenue....Reg.

Exciting development.....Meta (XR headsets/glasses) partnering with Anduril (drones/headsets/robotics) plus Palantir (AI Data analytics) in defence......Then think of wearing one AI XR Headset interface on the battlefield.....where you can transport yourself anywhere in the field of theater or Space using drones/robots/androids....C/o Meta.....the Engage XR platform IP.....is an extremely important component.....in making this defence technology a reality......Engage XR platform can also be used in Defence for simulated training.....target practice eg......Reg

MK.....I believe we will see increased sales momentum this year.....but not enough to cover cost of sales.....This has now been addressed.....with reduction in headcount.....bringing profitability and share rerate closer......In my view ...all to play for here.....Reg

Muck.....Presentation.....Maybe Whelan does not fancy doing it on his own......after firing Compare CFO Larrissey.....Arr living the dream.....Reg

Muck.....I stand corrected.....Cheers Reg

Muck.....Type Engage XR layoffs Glassdoor.....Reg

Oldtramp.....alias Engage Director of Global sales....probable main responsibility is for generating ME sales.....with Engage Chris Madsen doing similar in States.....20 positions lost primarily in sales/support functions.....Would not be surprised if this were the necessary window dressing before JV/sale of business to Meta eg.....Conclusion with no major selling by insiders.....and stock price trading in a narrow/tight range.....suggests to me something positive will emerge.....Reg

......FY 2024 results = 3.8m Euro revenue.....= 4.0m Euro trading loss....leaving 3.8m Euro net cash.....IMO Engage need to double revenue this year to brake even....or......if PWC ME contract does not come through....hit say 6m Euro turnover......= 2m Euro trading loss.....leaving 2m Euro net cash for 2026.....Then factor in Trumps AI Education policy rolled out in all 51 US States....mirroring what Engage have achieved with Kentucky Education Board.... multiply x 51 5600 Meta Quest headsets/Engage XR K12 licenses......you can see how huge the potential is here......Bullish Reg

......My perception tells me....investors know what 2024 FY results will be.....$3.8m....or there abouts..... Why have Engage delayed the results by one month?..... Late auditing perhaps......or more likely by 3rd June.....the picture for Engage will be rosier.....with the prospect of better future revenue guidance and contract news.....Conclusion.....I have little doubt......Engage are currently growing revenues across the board....Fast enough to cover cost of sales....We will find out in June.....Reg

....I suspect Engage may want to offer investors greater 2025 revenue guidance......with prospect of some good contract news before then.....Rule of thumb.....good news announced early.....bad later.....Reg

Last week the Big four giant.....told partners in the region.....that members of its Middle Eastern board would be leaving.....after firm fell foul of PIF/Saudi authorities.....The firms head of assurance Mohamed Elbono....and head of Affairs Emma Campbell.....both PWC veterans are among those who will be stepping down.....Firm fell foul for trying to poach a senior figure from NEON.....The Kingdoms Mega building project.....Conclusion....looks like both parties want to normalize relations soon.....which is good news for Engage....Reg

Note.....this is KSA second cohort of its immersive linguistic program.....not the first cohort or previous contract.....Therefore a new annual contract.....or 2-3 year contract could be imminent.....The last contract may have been the seven figure $1m to Engage last year.....Food for thought Reg

......is Saudi Arabia largest language college.....offering immersive Arabic language courses in......tourism and cultural aspects to foreign students.....from France, Spain, China, India, Tailand, Malaysia.....and Brazil......Its not clear weather students study in Riydah or virtually.....Its probable KSA are currently using the Engage Metaverse platform.....Therefore after foreign student registration for second cohort of its linguistic immersion program.....which begins 7 April-ends 7 May 2025.....we may see another contract awarded.....Interestingly....UAE have also announced registration for Metaverse courses in Dubai on 7 April.....Could we be seeing some form of collaboration between Saudi/UAE regards immersive education.....Reg

OT......Bank of America incorporates Merrill Lynch Merchant Bank.....HSBC would be interesting to see if they are expanding Metaverse to recruitment as well as Wealth management......KPMG.....PWC likewise.....New Engage Enterprise customers could potentially include other financial institutions.....JPMorganChase......Morgan Stanley.....Barclays....Deloitte.......or any other large organizations requiring cost effective immersive recruitment and training.....Reg

OSD... Engage need to hit $7.5m annual revenues to be cash flow positive......Im still confident Engage will achieve/exceed this revenue figure this year.....due to no major selling by insiders/institutional investors.....So no panic.....What I want to see is more US States mirroring Kentucky by adopting the Metaverse.....Im disappointed about ME contract progress.....because this would give Engage a head of wind.....I dont want to raise funds at these current levels if at all.....Reg

.......correction of my estimate on 2025 revenues......Stanford University should have read.....Kentucky State Education Board @ 0.8m revenue.....Stanford University California.....is also a user of Engage XR platform.....partnering Victory XR and major 15% Engage XR shareholder HTC.....Reg