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Engage XR's stock drops as 2024 revenue falls short of expectations due to contract delays.
Engage XR, a virtual reality company, saw its shares drop after it reported that its 2024 revenue would fall short of expectations at €3.4 million, down from €3.7 million the previous year.
The shortfall is due to delays in booking a major contract.
Despite the drop, CEO David Whelan is optimistic about achieving cashflow break-even in 2025 and predicts strong growth in the education and training sectors.
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Las acciones de Engage XR disminuyen a medida que los ingresos de 2024 no alcanzan las expectativas debido a los retrasos en los contratos.