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Engage XR – “trading update”, how ‘satisfying’ is the performance really?…

By Steve Moore | Tuesday 6 August 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Engage XR (EXR) has issued a trading update which it states it “is pleased to provide” and on which CEO David Whelan emphasises “good progress within the Corporate Learning & Development sectors… satisfied with the resilient performance of the business in the first half of the year… Against a backdrop where our platform partners such as Meta and Lenovo continue to look to build out recurring revenues in the education, training and development sectors, I remain as confident as ever that ENGAGE is in a prime position to capitalise on this nascent but growing market”. So what of a current share price response down more than 17% to below 1p and a £5 million market capitalisation?
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