ENGAGE XR Holdings Navigates Challenges with Strategic Pivot to Education

VR Education Holdings ( (GB:EXR) ) just unveiled an update.

ENGAGE XR Holdings reported a challenging year in 2024 with an 8% decline in revenue to €3.4 million, primarily due to delayed contract closures and reduced enterprise activity. Despite this, the company saw a 60% increase in education and training revenue, driven by strategic partnerships and a shift towards sustainable, recurring revenue streams. The company has made significant progress in expanding its pipeline in the Middle East and North America, though it continues to face delays in contract signings. With a leaner cost base and strong partnerships, ENGAGE XR is well-positioned for future growth, aiming to achieve cash flow breakeven by FY26.

More about VR Education Holdings

ENGAGE XR Holdings plc is a leading provider of immersive communications technology, specializing in VR/AR tools for training, education, and collaboration. The company focuses on enhancing employee training and student outcomes through its ENGAGE platform, which is utilized by enterprise and educational clients globally.

Average Trading Volume: 394,942

Technical Sentiment Signal: Sell

Current Market Cap: £5.25M

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