ENGAGE XR’s FY24 results show FY24 financials in line to ahead of the January trading update, a Q2 25 cost-saving programme that reflects the focus on scaling licence revenue and is expected to drive FY26E opex to €4.0m from €6.9m in FY24, and a promising outlook that leads us to introduce FY25E and FY26E forecasts. FY24 revenue of €3.4m includes +13% growth in high-margin licence revenue to €2.5m, and as highlighted in H1 24, management is now strategically focused on scaling Education licence ....
