Upon publication of VRE’s interim results, we use this note to re-visit the investment case for VRE, together with a re-initiation of forecasts. Confirming the positive newsflow on client gains and sales growth over the H1 period, VRE posted an 83% increase in turnover to €1.25, with ENGAGE revenues 50% up on the total achieved in 2020. Our forecasts show a three-year turnover compound average growth rate (CAGR) of 91% to €9.8m in 2023E, in line with the objective to reach €10m of ENGAGE revenue ....
14 Sep 2021
Delivering real progress in Virtual Reality
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Delivering real progress in Virtual Reality
Engage XR Holdings PLC (EXR:LON) | 2.0 0 0.0% | Mkt Cap: 10.2m
- Published:
14 Sep 2021 -
Author:
Shard Capital Research Team -
Pages:
34
Upon publication of VRE’s interim results, we use this note to re-visit the investment case for VRE, together with a re-initiation of forecasts. Confirming the positive newsflow on client gains and sales growth over the H1 period, VRE posted an 83% increase in turnover to €1.25, with ENGAGE revenues 50% up on the total achieved in 2020. Our forecasts show a three-year turnover compound average growth rate (CAGR) of 91% to €9.8m in 2023E, in line with the objective to reach €10m of ENGAGE revenue ....