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ENGAGE XR Holdings Eyes Growth Despite 2024 Revenue Challenges
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ENGAGE XR Holdings Eyes Growth Despite 2024 Revenue Challenges

Story Highlights
  • ENGAGE XR Holdings reported lower than expected revenue due to contract delays.
  • The company anticipates growth in 2025 through strategic partnerships in education and training.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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VR Education Holdings ( (GB:EXR) ) has issued an update.

ENGAGE XR Holdings reported lower than expected revenue for 2024, primarily due to delays in finalizing contracts in the Middle East, although recurring revenues rose to 70% of total revenue. The company anticipates significant growth in 2025 through partnerships in the education and training sectors, aiming for a cash flow break-even by the end of FY25, supported by a strong client base and strategic long-term contracts.

More about VR Education Holdings

ENGAGE XR Holdings plc is a leading company in the Metaverse and Spatial Computing technology sector. The company focuses on providing virtual communication solutions through its corporate metaverse platform, ENGAGE Link, and offers a proprietary software platform for VR content in education, training, and online events.

YTD Price Performance: 3.45%

Average Trading Volume: 503,642

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £3.15M

Learn more about EXR stock on TipRanks’ Stock Analysis page.

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