Member Info for soulac

In bed with the big boys now,

This company has so much going for it, and money in the bank, most of the AI companies don’t have that

3p next resistance

Nice find Fonzie name alongside facebook

TECH

Shares in Engage XR soar after it reveals Meta partnership

Irish metaverse company announces new offering for the US education partnership in venture with Facebook’s parent and OptimaED

In January 2023 this was 15p

Here come the yanks,

Us market opens 2 mins let’s see what happens

Us market opening

Where’s the next residence after 2p

Just got reply from ADVFN there’s been an outage,

Anyone one have problems with ADVFN platform like me,

Only 28% of shares in free float, be less after today

https://engagevr.io/shareholder-information/

Https://uk.bettshow.com/exhibit-sponsor

Are you interested in industry trends, selling education products to schools or networking with the global EdTech community? Visit Bett 2025, the epicentre for education technology, connecting you with key education decision makers who are actively sourcing.

This is a three day event so expect the excitement to build,

Https://uk.bettshow.com/exhibit-sponsor

Wait till tomorrow’s opening,

Imagine this is first time they showcase this in London, all eyes on this from big investors, today’s move is only the start,

Are there any live feeds to the presentation,.??

Been tipped by wall street

ENGAGE XR Holdings (AIM:EXR)

Simply Wall St Financial Health Rating: ★★★★★★

Overview: ENGAGE XR Holdings plc is a virtual reality software company focused on the education and corporate training sectors globally, with a market cap of £3.41 million.

Operations: The company generates revenue of €3.82 million from its Internet Information Providers segment.

Market Cap: £3.41M

ENGAGE XR Holdings, with a market cap of £3.41 million, operates in the virtual reality software sector and focuses on education and corporate training globally. The company reported revenue of approximately €3.82 million, although it remains unprofitable with losses increasing at 19.7% annually over five years. Despite this, ENGAGE XR is debt-free and its short-term assets comfortably cover both long-term and short-term liabilities. Recent guidance indicates expected revenue of around €3.4 million for 2024, with recurring revenues rising to 70%. The management team is seasoned, offering stability amidst a highly volatile share price environment.

Education means government backing, dyor

News on Middle East very soon

ENGAGE XR Holdings Plc, a leading Metaverse / Spatial Computing technology company, announces the following update on trading for the 12 months ending 31 December 2024. The Company expects to publish its financial results for the year ending 31 December 2024 in May 2025.

Financial Highlights:

●

The Group expects to report revenue of c.€3.4m (2023: €3.7m), below market expectations due to delays in finalisation of some larger contracts in the Middle East and the continued delayed deployment of the previously announced contract with a Middle Eastern client to the first half of FY25.

●

Recurring revenues increased to 70% (2023: 63%) of total revenue

●

The Group expects to report an EBITDA loss of c.€4.0m (2023: loss of €4.0m), broadly in line with market expectations as management focussed on operational efficiencies and strong cost control

●

Cash balance at 31 December 2024 of €3.6m (31 December 2023: €7.9m).

In FY24, ENGAGE XR secured a number of important contracts in the education and training sector, including a significant seven-figure contract with a large Middle Eastern client via the Group's partnership with PwC. Client approval was finalised later than expected, but has now been completed, and full deployment is expected to begin in the first half of FY25. This means the remaining revenue associated with the contract of €0.4m not recognised in FY24, is expected to be fully recognised in FY25.

A significant contract was also expected to be finalised pre year end in the Middle East which would have led to the Group's revenue target being comfortably achieved but unfortunately this has been delayed into Q1 FY25. While this delay resulted in the Group's headline revenue being behind market expectations, the Group's EBITDA and Cash are broadly in-line.

Looking ahead, the Group anticipates significant growth opportunities through working with partners in the Middle East throughout 2025 and beyond in both education and training verticals. The Group's strong pipeline is evidence of the progress being made with partners in the Middle East and in the USA. This momentum gives the Group the confidence to drive meaningful progress, delivering results that benefit not just ENGAGE XR but also its partners and stakeholders. Furthermore, given the strength of the pipeline, the Board remains confident in its strategic objective to become cash flow break even during FY25.