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Metaverse News Europe


ENGAGE XR shows 41% growth as immersive education booms

9/28/2022

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Last Tuesday, ENGAGE XR (extended reality) developers of immersive education and collaboration platforms released its H1 financial report.
The report highlights the firm’s recent success and provides information regarding Link, its upcoming enterprise-grade Metaverse platform.
ENGAGE’s unaudited interim results record the company’s finances, where it reported a €4.9 million net cash flow for the first fiscal half of 2022 along with a 41 percent increase in total revenue year-on-year, reaching € 1.79 million from €1.25 million in 2021.
David Whelan, the CEO of ENGAGE XR, said that due to increased demand and a broader user base, the firm is scaling its sales, marketing, and support teams to support a new clientele.
He added,“Overall, we are growing strongly, and revenue is now almost completely comprised exclusively from the ENGAGE platform. Quarterly revenues are regularly breaking previous records. With strong partnerships being formed both in the US and Asia, we see this trend continuing and even accelerating in the future”
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  • Home
  • News
  • Nominations
    • Top Debut in Metaverse
    • Top European Metaverse
    • Top VC/Accelerator/Incubator
    • Top Blockchain Developer Services Provider
    • Top Blockchain Game of the Year
    • Top CVC Partner for Web 3.0/Metaverse
    • Top Corporate Partnership
    • Top Legal Firm or Services for Metaverse/Web 3.0 businesses
    • Top Avatar Design, Digital-Twin, or Identity Company
    • Top Cloud, Enterprise or Technology Partner
    • Top Partner for establishing early-stage presence in Metaverse
    • Most Innovative NFT Project
    • Top 3D Design Firm for Metaverse
    • Top Global City for Web 3.0/Metaverse Ecosystem
    • Top Fashion or Consumer Brand Initiative
    • Top Sports, or Events, Brand Initiative
    • Top B2B or Industrial Initiative in Metaverse
    • Top Wallet, or Digital Payment, ecosystem
    • Most Exciting StartUp or Early-stage Company
    • Top XR/AR/VR Firm for Metaverse
    • Top Consumer Hardware or Interface for Metaverse/Web 3.0
  • The Event
    • Agenda
    • Investors-ScaleUps Matchmaking
    • VIP Jury
    • Brella Event App & Networking
    • Venue
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    • Hotel Reservation
    • FAQs
    • Tickets
      • Pay via Credit Card
  • 2022 Summit&Awards
    • Photos 2022
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  • Contact