Vr Education Share Discussion Threads

[hazl] 26/2/2021 08:22

Following the onset of the pandemic, the shift to remote working, online learning and virtual events led to a significant increase in demand for virtual communications solutions such as ENGAGE. The pandemic has been a catalyst in terms of permanently changing the traditional practices and mindsets of companies and organisations towards communication. At VRE, we can see this change through the diversity of our growing user base which includes large blue-chip companies and leading international organisations, as well as our own behaviour such as hosting all our daily team meetings in VR. The use of virtual communications is only set to grow."

[hazl] 26/2/2021 08:17

Better than I'd hoped!

Hopefully we are attending the meeting at 10.00?

[hazl] 26/2/2021 08:16

Brilliant!

[hazl] 26/2/2021 08:16

Financial Highlights:

-- Group revenue increased by 38% to EUR1.4 million (2019: EUR1.0 million) driven by a significant increase in new clients and activity on ENGAGE

-- ENGAGE revenue was up 550% to EUR0.6 million (2019: EUR0.1 million) following the onset of global lockdowns

-- Gross profit increased by 63% to EUR1 million (2019: EUR0.6 million) as gross margin improved as proportion of revenue from ENGAGE increased

-- Cash position on 31 December 2020 was EUR2.0 million with no debt

[cer1th] 26/2/2021 07:57

I'm quite disappointed with that as there's nothing new there really..No doubt good year ahead and this company is growing moving forward

[avsome1968] 26/2/2021 07:52

Results are average thought revenue would be slightly better need a big year this year to achieve medium term accomplishments.

In January 2021 VRE launched an ambitious strategy to achieve a EUR10 million annualised revenue milestone for ENGAGE during 2023 - 2025 (the" Medium Term Outlook"):

-- To generate EUR10 million ENGAGE revenue from 500 active enterprise customers and 100,000 monthly users

-- To deliver a gross margin in excess of 80% once ENGAGE revenue is between EUR5 million and EUR10 million annually

[durkz] 26/2/2021 07:25

I don't see much difference to the update given in January or am I being to harsh?

[spursspurs] 26/2/2021 07:21

Results are good and outlook strong, should the share price not be closer to the high of 22p in October than the 11p its sat at now?

[corrientes] 26/2/2021 07:13

Nobody up !

[hazl] 25/2/2021 17:36

Perhaps you ought to remind them of it Notts.

[notts99] 25/2/2021 17:22

Any thoughts on whether Apple might buy VRE? They purchased NextVR last year and according to BBC buy a company every 4 weeks on average.

[breakconvention] 24/2/2021 16:51

Buys showing as sales again here. MM's up to something...

[hazl] 24/2/2021 08:05

Well out of those who remain and
potential investors don't forget about the online meeting on the 26th.
Anyone can sign up.

[volsung] 23/2/2021 09:43

Sold out of these.
Taking too long

[avsome1968] 23/2/2021 00:20

I added 50k to my position today or should i say yesterday, feel this his the bottom chart looking bullish with hammer candle just need some news to ignite the share here.

[hazl] 22/2/2021 15:34

It's sounding a lot better.

[hazl] 22/2/2021 15:31

Thanks mushy.

[andre] 21/2/2021 08:22

Glorified bucket shops don't tend to get backed by HTC. VR is a great market to be in. It needs news flow but will triumph over time I'm sure as it keep developing and expanding. PIRES is also invested here.

[notts99] 20/2/2021 14:14

Wonder which platform PWC used.

[corrientes] 20/2/2021 13:27

let's hope this company isn't just a glorified Irish bucket shop outfit despite its
sophisticated credentials.

[mushypeas] 20/2/2021 13:05

Free to view article cheerleading the VR revolution.

[hazl] 18/2/2021 11:40

Ah noted notts ....well done.

[notts99] 18/2/2021 11:33

Bear in mind though that HTC is Taiwanese not Chinese.