Vr Education Share Discussion Threads

[hazl] 01/2/2021 13:31

She's fighting back.

[masurenguy] 30/1/2021 09:29

The 2 x 1,000,000 trades @13p around 12.30pm would almost certainly have been a rollover.

[durkz] 30/1/2021 07:35

Volume for Friday was over 2 million, never seen that before

[avsome1968] 29/1/2021 19:12

Two big trades today something been going on last 6-8 weeks definitely a seller in the background just not enough volume for him to exit, but we have a buyer happy at this price.

[hazl] 29/1/2021 12:05

thank you notts

[notts99] 28/1/2021 15:18

Check out their Twitter feed-virtual conference now.

[hazl] 27/1/2021 09:38

Come on VRE a bit of news about your exciting industry would be welcomed!

[hazl] 22/1/2021 14:57

I feel privileged that I and VRE are mentioned in your only post.....so far.


8-)

[hazl] 22/1/2021 14:54

Ha ha I'd love to work for them if I was a bit younger.
As it is it's a good rise today but still feels it's worth more.
We'll see.
Good luck folks.

[seanlim] 22/1/2021 12:24

Hazl
Do you work for the company or are you the unpaid cheerleader?

[hazl] 22/1/2021 08:44

Well done management.


Le's see how 2021 goes!

[hazl] 22/1/2021 08:41

Some of the best bits.


'ENGAGE has proven itself in the market in 2020. With substantial tailwinds for remote communications platforms as a result of the Covid-19 pandemic, the Group has had an opportunity to develop platform functionality and a product suite that resonates with the target enterprise customers, including educational institutions. As a result, the past six months has demonstrated the monetisation strategy of ENGAGE, with over 60 commercial deals signed to use the platform and the increase in the average deal sizes, with earlier commercial clients now purchasing further accounts and additional services leading to larger purchase orders.

With minimal investment in marketing, sales and business development to date, the Group has closed deals during 2020 in excess of EUR1.8 million which should be recognised over the next 36 months. The Group has also invested in an additional business development resource for 2021 and will begin to allocate increased funding to the marketing and promotion of the ENGAGE platform as the Group looks to achieve its Medium Term Outlook objectives.

VRE is also excited that its indirect 'go to market' strategy will start to contribute meaningfully to revenue growth. Following the deployment of the ENGAGE platform on the Chinese mainland in collaboration with HTC in late 2020, the Group expects to see the first revenues generated from this partnership recognised in the first half of 2021. The Group is focused on identifying further strategic partnerships to support the business' further growth and expansion. ENGAGE is now available on many platforms across the globe, opening up significant opportunities where previously sales were limited to a small but growing marketplace'

[hazl] 22/1/2021 08:35

FY20 Trading
'
-- FY20 revenue expected to be circa EUR1.42 million, an increase of 38% on the prior year (FY19: EUR1.02 million):

o ENGAGE revenue and user base up by 550% and more than 700% respectively, now accounting for more than 40% of Group revenues (FY19: 9%). This is in line with the ENGAGE growth plan, with strong momentum carried into FY21 .'

This is good and the closure of museums has affected even us here so that ought to improve as things improve in the wider space.

[hazl] 22/1/2021 08:33

David Whelan, CEO of VR Education, said: "We see 2020 as the seminal year where ENGAGE has started to take off with thanks to many different factors including COVID-19, 5G rollout and standalone VR devices becoming available. What is more exciting in the medium to long term is the uptake of ENGAGE on traditional devices such as phones and tablets where we have now enabled support and expect to see significant uptake throughout 2021 and beyond.

"Our projections are modest based on past experience, however, we do feel that growth can expand greatly given the trajectory for immersive technology adoption over the past twelve months. We see ENGAGE filling the gap where popular video-based communication apps are not meeting customer expectations for large group meetings, events and conferences. ENGAGE is now no longer marketed solely as an education and training platform. We see ENGAGE as the next step in corporate communications and remote conferencing."

[hazl] 22/1/2021 08:32

They acknowledge that they have not done much marketing so far and intend to increase that,which is to be welcomed.
I think they perhaps ought to do more but it does save money.

'With minimal investment in marketing, sales and business development to date, the Group has closed deals during 2020 in excess of EUR1.8 million which should be recognised over the next 36 months. The Group has also invested in an additional business development resource for 2021 and will begin to allocate increased funding to the marketing and promotion of the ENGAGE platform as the Group looks to achieve its Medium Term Outlook objectives. '

[hazl] 22/1/2021 08:28

Targets .

Target of reaching EUR10 million annual ENGAGE revenue milestone, 500 active Enterprise customers and 100,000 monthly users during 2023 - 2025:

o Annual ENGAGE revenue CAGR in excess of 100%

o 10% average month-on-month increase in users to reach 100,000 monthly users, reflecting a target 500 active Enterprise customers;

o Customer retention rate of 80%+; and

o Growth in average annual contract value to EUR20,000+, reflecting the nature of emerging Enterprise client base and optimal contract value

-- Target Group gross margin in excess of 80%

The Group will provide further details on the Medium Term Outlook to analysts and investors with the Preliminary Results intended for release in February 2021.

[hazl] 22/1/2021 08:28

I feel quietly confident with that .

Targets useful.

[hazl] 22/1/2021 08:18

Late to the party today!
Will take a look.
Seems to be well received!

[hastings] 22/1/2021 08:13

Happy enough with the update.

[w1lbur01] 22/1/2021 07:59

Should reverse course

[w1lbur01] 22/1/2021 07:58

Looks reasonably good

[masurenguy] 22/1/2021 07:54

FY20 Trading Highlights

FY20 revenue expected to be circa EUR1.42m, an increase of 38% on the prior year (FY19: EUR1.02m):

o ENGAGE revenue and user base up by 550% and more than 700% respectively, now accounting for more than 40% of Group revenues (FY19: 9%). This is in line with the ENGAGE growth plan, with strong momentum carried into FY21. ENGAGE partnership with HTC went live in the China with ENGAGE China being marketed to HTC clients as Vive Sessions and first revenues from the partnership expected by the end of H1 2021

Year end cash balance of EUR2.03m, with net monthly cash burn of approx. EUR0.2m

Target of reaching EUR10m annual ENGAGE revenue milestone, 500 active Enterprise customers and 100,000 monthly users during 2023 - 2025:

Outlook for FY21

ENGAGE has proven itself in the market in 2020. With substantial tailwinds for remote communications platforms as a result of the Covid-19 pandemic, the Group has had an opportunity to develop platform functionality and a product suite that resonates with the target enterprise customers, including educational institutions. As a result, the past six months has demonstrated the monetisation strategy of ENGAGE, with over 60 commercial deals signed to use the platform and the increase in the average deal sizes, with earlier commercial clients now purchasing further accounts and additional services leading to larger purchase orders.

With minimal investment in marketing, sales and business development to date, the Group has closed deals during 2020 in excess of EUR1.8m, recognised over the next 36 months. The Group has also invested in an additional business development resource for 2021 and will begin to allocate increased funding to the marketing and promotion of the ENGAGE platform as the Group looks to achieve its Medium Term Outlook objectives.

VRE is also excited that its indirect 'go to market' strategy will start to contribute meaningfully to revenue growth. Following the deployment of the ENGAGE platform on the Chinese mainland in collaboration with HTC in late 2020, the Group expects to see the first revenues generated from this partnership recognised in the first half of 2021. The Group is focused on identifying further strategic partnerships to support the business' further growth and expansion. ENGAGE is now available on many platforms across the globe, opening up significant opportunities where previously sales were limited to a small but growing marketplace.

David Whelan, CEO of VR Education, said: "We see 2020 as the seminal year where ENGAGE has started to take off with thanks to many different factors including COVID-19, 5G rollout and standalone VR devices becoming available. What is more exciting in the medium to long term is the uptake of ENGAGE on traditional devices such as phones and tablets where we have now enabled support and expect to see significant uptake throughout 2021 and beyond. Our projections are modest based on past experience, however, we do feel that growth can expand greatly given the trajectory for immersive technology adoption over the past twelve months. We see ENGAGE filling the gap where popular video-based communication apps are not meeting customer expectations for large group meetings, events and conferences. ENGAGE is now no longer marketed solely as an education and training platform. We see ENGAGE as the next step in corporate communications and remote conferencing."