Member Info for WG213

Rns released today. Missed revenue, high cost base, likely to need cash.

The website virtual reality pulse reviewed engage link. Outcome below

https://www.virtualrealitypulse.com/?open-article-id=22568045&article-title=engage-link-hands-on--an-early-look-at-the--linkedin-of-the-metaverse-&blog-domain=skarredghost.com&blog-title=the-ghost-howls

The issue meta is having with that strategy is their revenues is falling...and they still wanted to significantly increase costs.

In my opinion I don't think they will aim to be breakeven at this small stage or in the near future as they will most likely continue to increase their operational costs I.e. hire more tech and sales staff in order to accelerate growth. However that strategy would only work and increase valuation if the revenue accelerates strongly as well.

I will be joining. I have about 5 questions. Some financial and some business but all metaverse related so hoping they can both still answer

Yes I meant I think they will need to hire more sales and marketing staff to ensure the metaverse continues to sign up clients at speed. This is in addition to the self discovery growth that some clients will pursue.

I look forward to their presentation on Thursday to gain more clarity on the efficiency of their sales process.

ShearClass inspired me to download and install Link.

Oldtramp, Pearson says Coming Soon.

While I appreciate there has been a lot of work to get to v0.1 of Link, what is clear from an investment perspective is there is going to be a lot of development and sales spend going forward on the platform, which will likely mean more operational losses and fund raises at some point. However, as DW implies, this is similar to the beginning of the internet era and it will only get better with more companies coming in and more people visiting the virtual worlds. Hopefully the top line keeps up with the operational spend so as to increase valuation. Still feeling positive.

Is this video showing the engage platform?
I think so but not 100% sure
https://youtu.be/P5AEedw_r8Q

Any ideas whether the metaverse launch or launch partner announcements will come in October or lean towards December? I am also hoping he provides a new medium term outlook based on the metaverse launch.

I can't seem to get a quote to buy £1k but I can get a sell quote for £5k. Hopefully a good sign.

What seems almost certain is the expansion of metaversities. VictoryXr and EXR have strongly indicated so, and META recently updated their website showing the VictoryXR offering.

https://abou****ta.com/immersive-learning/

https://abou****ta.com/immersive-learning/

https://m.independent.ie/business/technology/economic-downturn-promises-growth-for-irish-virtual-reality-firm-engage-xr-says-chief-executive-david-whelan-41987183.html

I wonder if SJP is a launch partner along with KPMG and Meta. Hopefully when it comes to launch, we get a significant rise. I also read somewhere that the VictoryXR CEO is targeting 100 metaversities next year. I feel EXR might want to announce something along with Meta's Connect event around October 11.

Even more unusual is those large trades did not move the share price. I wonder why

I am a little surprised they didn't reference the KPMG metaverse that was just released, but maybe that has something to do with confidentiality. Disappointed that they didn't talk about revenues, and the Q4 launch is later than expected. The only positive there is they have now made the metaverse preview link officially available to the investment community, and based on the glowing responses on linkedin, I hope the RNS is received positively!

It does look like engage, and if it is then it is a big win! And more importantly further validation of the tech. Their news release also includes a lot of "engaging" text

EngageXR has upgraded their website - hopefully this is a positive sign towards their trading update. Engage Metaverse coming in Q2/Q3 2022.

https://www.victoryxr.com/vxrmeta/

As the VictoryXR platform is hosted on Engage, this might lead to an increase in revenue for Engage.

Does anyone know where to find the investor relations page on the new website and any clues on the timing for the next trading update?

The RNS on 17th June outlined the use of the funds.