Vr Education Share Discussion Threads

[hazl] 25/10/2020 10:59

An unforeseen development.

If it is nothing to do with VRE and I would concur with the points above,you would think they would have the humility and decency to say so.


Perhaps we will get an RNS from VRE to say so?

[masurenguy] 25/10/2020 10:24

"To postpone a real life event would be catastrophically expensive as the event location would be booked everyone would have bought tickets, hotels etc and rescheduling eould be a nightmare. With a VR event it is an inconvenience rather than a disaster."

An excellent point !

[bensug] 25/10/2020 01:35

I saw that also. Disapointing but this is normally down to the customer themselves not being ready for some unforseen reason rather than any issue with VRE. The Engage platform is in continual use and is proven at scale e.g. HTC event so it won't be a VRE issue. Obviously it would be nicer if this event had happened on schedule but these things happen. The event page is still live and taking bookings with the message "New premiere date coming soon", so we shouldn't have long to wait.In an odd way it has made realise one advantage of VR events that had not occured to me....increased flexibility. To postpone a real life event would be catastrophically expensive as the event location would be booked..everyone would have bought tickets, hotels etc and rescheduling eould be a nightmare. With a VR event it is an inconvenience rather than a disaster.

[durkz] 24/10/2020 17:01

Just received this in relation to the younga event that was due to take place. Today. We regret to inform you that due to technical issues, we have to postpone YOUNGA 2020's Global Broadcast and VR Spectacular.  In order for us to deliver the programming that we envisioned, we had to make the difficult decision to move the date. We sincerely apologize for this unexpected situation and hope that you will be able to join us for an event that we are proud to present to you and the world. Through YOUNGA, our mission is to create an inclusive and accessible platform for tomorrow and today's leaders to unite and co-create solutions for a better future.  We truly appreciate all of the support you have provided us and will be in touch with more details on our revised schedule soon.

[hazl] 23/10/2020 12:05

Always good to see the Universities,Museums,Galleries take up these things.
They are usually ahead of the pack, with new technologies and ideas, as they spot trends first.

In this case V A Museum.
I used to go up there a lot in my younger day as a student.

[hazl] 23/10/2020 11:45

This has had a great run but has the set up for a beautiful cup and handle; all being well.
So any pull back will be matched by a higher share price in time to come,in my opinion.
I know that this is a great time for this company and I want to be part of this exciting transitory period.
I still feel we have been so lucky, that by mere accident of bad news....the virus....we got noticed by such an influential firm HTC which has been benefited by VRE and seen the result!
Imagine,this is being rolled out to China's huge population who are so ahead with all this technology!

[cer1th] 22/10/2020 15:21

SP seams to have settled now in the 20s..Hopefully push on north to the end of October..

[hazl] 22/10/2020 13:35

Interesting to see that the VR application has already closed.

[hazl] 22/10/2020 09:05

for reference the tweets above are from the president himself.

Alvin Wang Graylin (汪丛8738;)
@AGraylin
China President #HTC #Vive / Vice-Chair: Industry of VR Alliance #IVRA / President: #VR Venture Capital Alliance #VRVCA /Co-head: #ViveX (Views are My Own)
Beijingvive.comJoined April 2008

[hazl] 22/10/2020 08:28

'Vive XR Suite, announced in June, combines the virtual reality offerings of Immersive VR Education, VirBELA, VRChat and Museum of Other Realities (MOR).

They are known as Vive Sessions, Campus, Social and Museum, with HTC Vive’s new Sync service making up the fifth app of the full solution.'



Don't forget this can be with or without a headset.

'The integrated bundle provides a collection of solutions for real-time collaboration, virtual events and life-like communication, with or without a virtual reality headset.'

[hazl] 22/10/2020 08:23

HTC Vive has launched Vive XR Suite for enterprise and, in doing so, united the individual achievements of several virtual reality companies
Quick read
➨ Vive XR Suite is now available in Greater China and Europe, the Middle East and Africa
➨ HTC Vive says lite versions of the individual Vive XR Suite apps are available for download globally on the Viveport store, while more regions for the full solution will follow soon
➨ The full Vive XR Suite was designed with enterprise in mind. Users will benefit from a single sign-on process, cross-device support, global access, a unified user experience across the apps, customisable avatars, and enterprise management

[hazl] 21/10/2020 15:51

Indeed microscope well put!

[microscope] 21/10/2020 14:19

Luke cheers, had to be blue sky. She's nothing to lose, so I went for it! It has been a rollercoaster, and while the market cap is fruity for a company yet to hit break even, it's surely because Engage/Vive looks scalable on a massive scale.

[hazl] 21/10/2020 13:21

Indeed and I listened on the event particularly for break even and as you say....it could happen sooner than we think!
A twenty per cent stake in us from HTC who couldn't be more accommodating...what could be clearer as to value in the future!

[bensug] 21/10/2020 12:56

Hazl the guidance they give on breakeven is obviously out of date given the recent spike in business, but I thought it worth putting up so people know the history. I think the most important factor for a fast growing company is that the breakeven is getting closer, rapidly, rather than being pushed out. I agree about China - the first news of a deal that HTC has done in China will be warmly received as it may well be the largest potential market in the world for Engage.

[hazl] 21/10/2020 12:45

China is a massive market and when they start selling to their own domestic economy then we ought to know we have made it.
I was surprised at the break even date.
I would have thought it would have been a lot sooner actually.

None the less the amount of good news we have had in recent times is astounding.

[hazl] 21/10/2020 12:41

Wouldn't be surprised if we finished blue.

[corrientes] 21/10/2020 12:40

Very informative bensug, and thank you.

The son of someone I know, works for MVR who are in the entertainment side of VR. I couldn't believe it when he told me that the company has a policy of endeavouring not to employ anybody over 25 ! An interesting read about that company, and they appear to be very much on the up as well.

It seems to take longer for the West to adapt to these new technologies, and VR here is still an explosive but latent time bomb, Covid or not. The association with HTC is seen as essential not desirable.

[bensug] 21/10/2020 12:18

My view on newsflow over the next few months and revenue growth and profitability based on the meeting.

I think it is not well recognised how quickly VRE can move into profit given the effectively 100% margin that is received for the event and enterprise licences (they also get an undisclosed margin on services). They so far have not disclosed much about deal sizes except for a couple of deals worth about £200k each. However we can get a sense of the growth rate by looking through the figures they have published.

H1 2019 revenues of 497k with 18% or £89.5k of Engage Revenue (£407k other revenue)
H1 2020 revenues of 681k with 33% or £225k of Enagage Revenue so 150% growth YOY (£456k other revenue)

Post period Engage was 68% of revenues. If this continues, and if you assume other revenues continue to climb at 12% (reasonable given that the full run rate of shuttle commander revenue won't be visible until this year, and there are going to be a lot of the new VR headsets in xmas stockings this year) then you would reach H2 revenue of:

£511k other revenue.
£1.09m Engage revenue (nearly 5x H1 revenues)
£1.6m total revenue

Given that VRE's total costs in H1 were about £1.8 million this shows that breakeven could be coming a lot sooner than is recognised.

There is room for an much larger upside surprise in H1 2021 given the following.

1. There is nothing in the above that takes into account annoucements of deals coming out of the HTC launch in China.
2. As mentioned before, revenues coming from Engage currently are the thin end of the wedge - the events and the pilot deals are small in size relative to the rollouts that will occur afterwards, and given that VRE is selling to very large organisations, the deal sizes on these are going to be large (putting my former tech sales hat on I would guess in the order of hundreds of thousands, rising over time as the platform is rolled out across a company). The timing on these of course is uncertain but given the "huge spike in enquiries and enterprise customers" taking place over the last few months, I would expect many of these deals to be announced in Q1 2021, and there is still time to close a deal or two before year end 2020.
3. Pricing will continue to rise. As was said on the call they are not getting any pushback on their pricing which means they know they are too low and they will raise prices with each new successful event.

So to summarise my expecation on newsflow would be the following:

Next 3 months:
-Trading update showing a very significant increase in revenues and customers ahead of market expectations (last year they gave a trading update on Jan 16th)
- Positively revised forecasts issued of both revenues and breakeven date.
- More news on major organisations booking events.
- Possible significant news on new reseller partnerships (they have mentioned they are working on these)

If the above scenario plays out then we would get a fairly dramatic spike up in revenues in H1 2020 and also hit breakeven in this period, depending upon timing of deals. Moving into profit at this early stage would be nice, but more importantly it would demonstrate the validity of the business model, open of new avenues of finance at higher valuations for the company, and encourage large partners like HTC to continue to invest in the growth of the platform.

[bensug] 21/10/2020 10:53

A few quotes from the meeting.

"There has been a huge spike in the number of inbound requests and the number of signed up enterprise users". We have gone for Marquee users. We havent put out anything in the public domain as yet in terms of the number of enterprise clients we have or terms of the total value of those"

"There really isn't a limit to growing and scaling the platform in terms of the number of users".

"HTC think the opportunity could be massive", "HTC are all in on VR". "They used to be a manufacturer of mobile phones...they sold that business to google... they are 100% interested in AR & VR......they were working on their own platform similar to engage for a couple of years....they came to us when they wanted to host their own event...they could see how mature and how developed the patform is". "They already have a lot of clients that they built over many years" "Accenture is one of their partners.... they are going to be rolling out the platform with HTC...they are using all their sales and marketing team in support....they have hundreds of staff ready to resell Engage services"

"As things stand our cash runway is reducing month on month as revenue constinues to grow....In the projections that are out in the marketplace at the moment which are the only ones I can really talk about we do foresee reaching breakeven in the middle of 2022....closer to the end of the year we will be putting out revised projections taking on board the impact of COVID-19 and the impact of the HTC launch in China"

"The standard licence to run the event....that is full margin...there is no cost to us"

[hazl] 21/10/2020 10:31

Yes


22p being paid .8-)