ENGAGE XR shows 41% growth as immersive education booms

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”