Vr Education Share Discussion Threads

[hazl] 26/2/2021 16:22

'The company said there has been an acceleration in demand for the Engage platform and it has partnerships with major organisations including HTC, Sky Ireland, Tokyo Global Gateway and Victory XR, a provider of VR and AR education solutions.

The value of Engage subscriptions – about 60 customers signed contracts for the platform in 2020 – grew to more than €1.8m last year, with the average deal size increasing.

VR Education had cash of €2m at the end of 2020 and no debt.

CEO David Whelan said 2020 had been a “formative year” for the company.

“We are now focussed on building our sales organisation and partnerships to bring Engage to the broadest possible audience in 2021.”

The Independent.

[hazl] 26/2/2021 16:19

Great to see our full-year results featured in the @independent_ie
– highlighting our significant growth in 2020.



#ENGAGE #VR

[hazl] 26/2/2021 14:08

More to come apparently!

[hazl] 26/2/2021 13:55

Immersive VR Education
@vreducation
We’re delighted to announce our Final Results today.

Highlights:
•Group revenue increased by 38% to €1.4 million
•#ENGAGE revenue was up 550% to €0.6 million
•60 customers signed contracts in 2020
•Gross profit increased by 63% to €1 million

[hazl] 26/2/2021 13:38

Incidentally Nasdaq futures is up for this afternoon but Dow firmly down.

[hazl] 26/2/2021 13:36

Every time I get disillusioned by the share price,when I look into it properly,I find my enthusiasm renewed!

It is lack of understanding by the vast majority,I believe and perception of lack of need that holds us back perhaps.
If this company can keep other firms at bay and keep their edge,then when this becomes more widely used and everyday as Zoom has become then we could have a little money spinner here.
Asia is huge US a great market and we have HTC to continue to aid in the roll out.
They have a vested interest,too.
They have a 20% holding.

I mean was the word 'Zoom' commonplace two years ago?

The word they would like us to adopt is let's ENGAGE' later!

[hazl] 26/2/2021 13:29

China,N America, Japan, Asia,UK, all have interest . Europe,not so much yet.
There was significant growth in 2020 and the Industry is on the move.
Sure that meant that there is competition but they explained that we really have the edge!


Not only are they two or three years behind but we have the ability,that none of the rest do,to allow people to experience a very life like arrangement,where you can bump into people in virtual corridors,recognise them and talk privately.

If you are in a larger audience area situation,then anyone speaking from the back for example,will be observed to be talking from further back as in real life.

[hazl] 26/2/2021 13:18

Yes it does suggest it will be even better in the second half Engergetic backer.
Did you not attend the meeting?
There is a chance to see it on catch up so I understand.

There are expected increases in revenues and many of them the best sort ......recurring.

Do have a look at the online meeting,then you will be informed instead of speculating.

[energeticbacker] 26/2/2021 12:27

Investor's Champion: lockdown growth 38% to €1.4m - but what of the future?

It will be interesting to see if the enthusiasm from prospective customers remains once the lockdowns end.

[hazl] 26/2/2021 11:01

No more time now.

Catch up later.

[hazl] 26/2/2021 11:00

Financially we are in a much better place than we were,with reach spreading out
in a very encouraging manner.
I had no idea just how many big companies and universities of note use us.

[mushypeas] 26/2/2021 10:59

Knockout presentation, plenty of reasurance on short term profitability.

[hazl] 26/2/2021 10:58

They are a couple of years ahead of competition.
Which is good as more are getting into the space.



They admit they were 5 years ahead of the game originally, which I was too, I suppose.

[turbocharge] 26/2/2021 10:56

"The market is coming to us now"

"We are two to two and half years ahead of the game"

[hazl] 26/2/2021 10:53

Revenue growing significantly.

[turbocharge] 26/2/2021 10:53

Just bought 22,222

[turbocharge] 26/2/2021 10:46

"Watch this space"

[hazl] 26/2/2021 10:44

Well it has been fascinating!
Rather difficult to take things down as it was so fast moving.
Full of facts.
Will have to listen again.

Questions at the moment.

[hazl] 26/2/2021 08:56

Don't forget that the VRE platform is approved for Oculus store.

[hazl] 26/2/2021 08:35

It made me wonder about your comment notts.
Companies prefer to buy cheaply.
I do hope we don't get taken out too soon.

[mushypeas] 26/2/2021 08:33

Obviously if the targets are anywhere near met we will all be smiling big time in two years time. But realisticaly it will be 12 months before we see if the flight path is matching the planned trajectory, or indeed if another capital raise is required.
Personaly remain very relaxed about having these as a solid long term hold.

[hazl] 26/2/2021 08:33

I see that there are some posters trying to create negativity over on L S E chat board.
This can be for any number of reasons but when some criticise technical matters like the changes now that we are experiencing because of Brexit it is a general problem.
Not specific .