Engage Xr Share Discussion Threads

[actscap] 06/10/2022 06:11

Lenovo is also collaborating with leading enterprise software vendors, including ENGAGE XR, a Metaverse communications platform for collaboration, training and education, to build and offer a Lenovo presence in the Metaverse. The Lenovo space within ENGAGE will be an 'always on' virtual home for Lenovo to showcase products and solutions as well as to meet and collaborate with partners and customers.

[actscap] 06/10/2022 06:10

https://news.lenovo.com/pressroom/press-releases/thinkreality-vrx-virtual-reality-solution-enterprise-metaverse/

[yasx] 30/9/2022 01:56

Anyone that might have followed your suggestions will certainly be 'underwater' - I aver (though do not advise since it is not for me so to do) that you consider a departure from speculative plays with poor visibility on revenues and focus on stocks with good income and balance sheet strength in the right sectors, such as energy plays and so on.

On any thread I encounter I take a serious look at a stock as one to sell if 74T is plugging it since he invariably seems to serve as a particularly accurate contrarian indicator.

[74tom] 28/9/2022 18:01

Yep, dead quiet just how a BB of an under the radar stock should be. It makes me think it's a matter of time before this takes off into the 20/30p range which will be the prelude to much bigger things down the line. All we need is 10-20 PI's to discover it and then word of mouth will do the rest. At present I suspect the majority are so far underwater with their portfolios that they have given up looking for new investments...

Great news today and a lot more to come in the near future with the launch of LINK.

[andre] 28/9/2022 17:15

No chatter on what was again big news today from EXR. Strange stock this. Happy to hold for the long term big win that is all but inevitable with their partnerships.

[retrostat] 14/9/2022 20:56

This link was shared on LSE. Video of the investor meet presentation.https://youtu.be/ILLziLFUKDY

[babbler] 13/9/2022 08:46

This is big news and should have been separate rns. Really frustrating they didn't..Today, ENGAGE XR can confirm that a multi-national professional services firm, a global technology company and a leading publisher and education company have also agreed to be launch partners

[babbler] 13/9/2022 07:52

they had 4m cash and at current cash urn rate that should last 10 months.

[actscap] 13/9/2022 07:47

Almost certain that there will be an equity raise

[actscap] 13/9/2022 07:47

EBITDA loss was €2.5m (H1 2021: loss of €1.0m). The primary cost driver for the EBITDA loss is salary and associated costs, currently approximately €0.6m per month.Loss before tax was €2.8m, in line with management expectations, compared to a loss in the prior year of €1.3m.The combination of operating cashflows and capital expenditure in H1 2022 were €2.9m compared to €1.3m in H1 2021. The current cash burn rate, net of revenue received, post period end is approximately €0.45m per month but is expected to decline over the next 12 months as monthly revenues continue to grow.

[actscap] 13/9/2022 07:45

Today, ENGAGE XR can confirm that a multi-national professional services firm, a global technology company and a leading publisher and education company have also agreed to be launch partners.

[marineville] 08/9/2022 00:04

EXR don't do news or twitter or any kind of pr. They just do results and interims and the share price spikes. The only question is going to be how high and from how low.

They should be announcing the actual launch of VictoryXR's metaversities, supported by Meta. With a bit of luck it could see the same kind of rise that that news created a rise to 16p (admittedly, a spike, added to a few more this year).

[microscope] 23/8/2022 00:06

I have been doing some research into Tern's failed bid for Pires and how it could explain the price drop here.Tern have said they now need to increase their own cash resources by selling something from their holdings. But their holdings are unlisted, so it's very difficult It probably seems an odd starting point for a post here, but Tern have a substantial stake in Sure Ventures, who in turn have a holding in Engage. It's quite a complicated arrangement but in brief if Sure sell part of their holding in Engage, it should feed through to liquidity for Tern.So I suspect the drop is in effect a forced seller, not anything to do with Engage's prospects.

[chassiemodo] 22/8/2022 11:27

Agree yes lack of newsflow, alot off uncertainty economic factors. Still i would be one to keep the faith on this one as I truly believe it will come good. Remember we are still months away from the planned metaverse launch. So I don’t really think we are going to get much news in the interm and may drop the share price a little further south.

[q2g] 19/8/2022 14:17

To me anyway, it seems that a lack of major announcements means that investors are giving up on this one. I hope that's a wrong interpretation of the situation, but just how long will it take them to get to a profitable level, or are we just going to see present shareholders being diluted to hell, so pushing back the commerciality for a few more years ? Is the company's raison d'etre no longer valld ?

[actscap] 19/8/2022 13:32

Does the market know something.....?

[retrostat] 04/8/2022 21:17

Interesting presentation and Q&A session. Comments at 31:15 sound intriguing.https://youtu.be/mFpJG8vgx9U

[retrostat] 04/8/2022 21:13

https://engagevr.io/social-tree-global/

[notts99] 04/8/2022 18:39

Think higher cash burn is due to higher marketing spend Whelan mentioned recently-prior they'd relied on word of mouth. Re price drop- it's an illiquid stock so doesn't take much to move the needle.

[chassiemodo] 04/8/2022 12:51

Hostilities brewing between China and Taiwan could put a damper on progress here.the share price fall on the Iseq yesterday kind of confirmed this.

[andre] 04/8/2022 07:52

Extra staff also mean a lot of extra resources, equipment, office space, admin, HR etc which won't show in the staff costs box. But I agree, in a normal market, growth and being on track would mean a share price rise not fall. Maybe waiting bigger contract news to spur things on. A big contract with 81% margin....

[74tom] 03/8/2022 20:43

The only real negative was the cash burn - from €7.8m at 31/12/21 to €4.9m at 30/06, I presume this was due to the large growth in headcount but was above my expectations, I note from the March final results;

“The current run-rate of staff costs and other ongoing costs is approximately €0.25m per month.“

That doesn’t tally with burning €2.9m in 6 months considering they’ve made a gross profit of €1.76m * 0.81 = €1.4m.

The half year results will clear up whether this is working capital related or cash burn, however at that rate they’ll need to raise cash by Q123 at the latest.

That aside they’ve made great progress, in a normal market I think the share price would be significantly higher than it has traded YTD

[andre] 03/8/2022 17:13

Not sure what cause a 10% drop today. Trading in line with expectations which were for good growth and increased take up of Engage from blue chip clients. 81% margins? And that's bad?

[74tom] 02/8/2022 21:58

ACTSCap, their 22/01/21 RNS with medium term expectations talks about a revenue CAGR of >100% from 2023-25, clearly to hit that they’ll need to accelerate from the current pace.

However, I note that they had a revenue target of €10m. From the current run rate of €3m to €10m by end 2025 is a CAGR of 49%

100% CAGR growth from €3m would get them to >€25m

So it would appear that they are growing ENGAGE ahead of expectations? After all revenues for 2020 (subject of the 22/01/20 RNS) were just €600k, so have grown 123% CAGR since…

The rollout of LINK will be key, as will scaling Metaversities (25k student licenses by 2025 @$120 per annum would bring in $3m alone…)

One thing is for sure, the gross margin is exciting at >80%, if ENGAGE revenues get anywhere near €25m by 2025 then EXR will be worth multiples of the current market cap.