ENGAGE XR Sees Steady Growth and New Contracts

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

ENGAGE XR Holdings Plc reports a 5% revenue growth for the first half of 2024, driven by the ENGAGE platform’s 11% increase in sales, despite a slight decrease in gross margin due to one-off hardware purchases. The company has secured significant contracts for its immersive learning and corporate training solutions, including a seven-figure deal in the Middle East and expanded partnerships with Bank of America and InspiredED. With a solid pipeline of opportunities and a cash balance of €5.5m, ENGAGE XR remains confident in meeting its full-year expectations.

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