Engage XR – “this coming year is set to be a seminal one”… but not for the reasons it suggests?
By Steve Moore | Wednesday 18 January 2023
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.
Describing itself as “a leading metaverse technology company”, Engage XR (EXR) has issued a trading update including emphasising “revenue for the group is expected to be €3.9m, an increase of 63% on 2021… cash collections in December being slightly ahead of schedule and revenue being better than expected in December”. So what of a current 4.525p share price, down from 13p as recently as last month?
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