RE: No cash raise…26 Feb 2024 07:52
Very robust and positive trading update! Looks like EXR set for pivotal growth year in 2024! The 7 figure contract they pulled in is clearly just the start of things happening here and in a sector which is gaining popularity with investors on all fronts! Makes for a great buy at this level indeed! IMHO DYOR
‘David Whelan, CEO, ENGAGE XR, said: "The Group is in robust shape due to the actions we have taken to cut costs and focus on our sales pipeline. We are pleased to confirm that we hit our revised expectations for FY2023, and the recent contract wins highlight our strong position, especially in the education, training and development verticals, which we expect to be the main source of future growth. The Board anticipates that FY2024 will see the benefits of our partnership with Lenovo come through, and we foresee increased interest in spatial computing / metaverse services with Apple's release of its Vision Pro headset this month, and new devices also expected to come on stream from Sony, Samsung, Google and Meta later this year. 2024 looks set to be an exciting period of growth for ENGAGE XR." ‘