Engage Xr Share Discussion Threads

[andre] 07/4/2022 08:25

Phenomena news and a great example of why this is a stock for the long term.

[notts99] 04/4/2022 19:01

Perhaps this enticed a few US investors today.Think DW has room to improve when discussing EXR. Perhaps mention more of their clients, how many active users and growth of those etc

[actscap] 31/3/2022 21:27

Must be a part of the push from 5W Public Relations ("5WPR") and Kenny J. Good to see the new hires (Richard Allin and Kyle Horne) and continued focus in the US.

[actscap] 31/3/2022 21:21

https://youtu.be/iaKrZcCOZIsDW talks about the metaverse, metaversities, and metaoffices.

[actscap] 08/3/2022 16:30

Yes. I noticed Unilever was quoted which I hadn't flagged in previous updates.

[notts99] 08/3/2022 14:21

Agreed not blockbuster results. Re clients, they're not all the same-rather have a new blue chip client for every 50 minnows. Perhaps the average contact size metric is more important in that regard.

[actscap] 08/3/2022 13:34

Solid results but not excellent. Some bits in the update niggle me e.g. €10 million target achieved by 2025 when previous updates shouted about 2023 to 25 window. Nothing on number of users and licenses since previous trading update. Have they declined? Enterprise clients over 130 SEP update to over 139 march update. Indicates a slowing pace? Remember that Engage launched in may 2019. Hopefully new chief revenue officer can really push sales forward in the US. Still holding and hopeful.

[avsome1968] 08/3/2022 09:50

Excellent results added 50k today to my holding.

[avsome1968] 08/3/2022 09:24

ENGAGE XR Holdings Plc

("ENGAGE XR" or the "Group")

Final Results

ENGAGE XR Holdings Plc, a virtual reality ('VR') technology company , is pleased to announce its results for the year ended 31 December 2021.

ENGAGE XR's aim is to become the world's largest crossed reality ('XR') communications, training and virtual events platform provider, through the commercialisation of ENGAGE, its proprietary online virtual communications platform.

Financial Highlights:

-- Group revenue increased by 68% on the prior year to EUR2.4 million (FY20: EUR1.4 million)
-- ENGAGE revenue up 200% to EUR1.8 million (FY20: EUR0.6 million)
-- Cash position on 31 December 2021 was EUR7.8 million with no debt. Cash balance was significantly strengthened by a successful EUR9.0 million (EUR8.5 million net of expenses) fundraise

-- Gross margin increased by 7% to 79% (FY20: 72%)
Operational Highlights:

-- Increase in demand for ENGAGE services, which now has over 139 commercial customers
-- ENGAGE was awarded ISO27001 certification, an internationally recognised information management security standard. The Group expects this to be a major help in accelerating the adoption of its new metaverse offering by corporate users

-- The Group signed significant contracts during 2021, including:
o A contract with 3M to use the ENGAGE platform to build its own MetaWorld "3M Home". This exploratory VR pilot project demonstrated the Group's growing appeal to enterprise clients in the metaverse space

o An initial six-figure dollar contract (to August 2023) with Optima Domi LLC ("Optima Domi"), an innovative classical curriculum development company, to service the first VR-based Florida charter school

o A six-figure euro contract with a Korean enterprise customer in December 2021

-- Strengthened Board with the appointment of Kenny Jacobs, former Chief Marketing Officer at Ryanair. Since the period end, in March 2022, the Group has appointed a US-based Director of Marketing and a Chief Revenue Officer who will help to further international expansion with a particular focus on the US

-- Expansion of strategic partnership with HTC with ENGAGE (sold as VIVE Sessions in China) included in the software bundle of HTC's new headset, the VIVE Focus 3 XR and rolled out on new HP ProBook laptops sold inside China

-- In June 2021, the Group announced it was building its enterprise-focused Metaverse offering, with the launch expected in the second half of 2022

[livewireplus] 08/3/2022 07:33

RNS : Final Results

[andre] 07/3/2022 23:44

Wait for the results. Coming tomorrow?

[seanlim] 03/3/2022 16:28

This company is a waste.

[spursspurs] 16/2/2022 16:58

ENGAGE XR (AIM: EXR) a leading virtual reality ('VR') technology company, announces that the Group will publish its results for the year ended 31 December 2021 on Tuesday 8 March 2022.

Furthermore, the Group is pleased to announce that CEO David Whelan and CFO Seamus Larrissey will provide a live presentation relating to the results via the Investor Meet Company platform on 8 March 2022 at 10:30am UK time.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am UK time the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Engage XR Holdings Plc via:

hxxps://www.investormeetcompany.com/engage-xr-holdings-plc/register-investor

[avsome1968] 03/2/2022 17:59

Thanks for the youtube clip // not sure why we are heading down after a good update happy to grab a few more if we carry on tinkering down.

[notts99] 03/2/2022 10:18

Looks more refined and professional-certainly can see improvements versus previous videos.

[retrostat] 03/2/2022 09:27

Correct link - Business Campushttps://youtu.be/1VR4DLy1BtA

[retrostat] 03/2/2022 08:44

Business Campus. New demo video. Looks brilliant https://youtu.be/1VR4DLy1Bt

[retrostat] 03/2/2022 07:06

"ENGAGE Enterprise and Education active clients up 34% to 139 (FY20: 104) with total Enterprise and Education licence numbers up 124% to 6,634 (FY20: 2,963)" General market fear doom and gloom aside. Well done EXR for this excellent achievement in licence number growth YOY.

[retrostat] 02/2/2022 17:22

I hope so too. Whatever the reason, it's certainly a shame to loose what contribution Frank could have brought to the company along the road. That said, DW and team are the driving force. They do also have Kenny Jacobs NED in regard to marketing. I also share your concerns and hoping for more good news of sign ups to the platform in the weeks and months ahead, hopefully with it some positive reaction from the market.

[actscap] 02/2/2022 11:21

Yeah I hope so. I think Dave has a clear vision for where this is headed....just worried about the need to strengthen business development / ensure corporate sign up is strong when metaverse goes live in q2/q3. Frank would have added a lot of value here I'm sure. But then again, if he's not aligned with DW or wants to do his own thing then better him leaving.

[retrostat] 02/2/2022 10:48

I am assuming but I think Corrientes might be referring to personal future strategic changes? I think in Corrientes post, the point on conflict of interest is the most important as it presents a different possible motive for him leaving aside from a more negative one which the market seems to have reacted to. So alternatively, instead of him jumping ship before any perceived negative outcome with EXR, maybe through his insight there he realises further the potential of this industry and has the opportunity to gain more exposure to it or control than he can in EXR, while the industry is still in the early stages, hence the quick move and perhaps this would otherwise be hampered by a conflict of interest being on the board of EXR.

[actscap] 01/2/2022 18:20

Were there many strategic changes during that 4 month window?

[retrostat] 01/2/2022 12:44

Interesting reading this now. Take from it what you will.https://www.bizjournals.com/albany/news/2020/12/21/frank-poore-virtual-reality.html

[retrostat] 01/2/2022 11:21

I think you may have hit the nail on the head with that. Have been wondering the same. To be so bullish on VR for business and then do a quick 180 as the general VR market heats up seems strange.