Shares in Irish firm Engage VR slide as revenues disappoint

Delays in contracts in the Middle East led to the company underperforming on revenue expectations. 

Irish virtual reality software company Engage VR has said it expects its revenue for its 2024 financial year to fall below expectations due to delays in the finalisation of some larger contracts in the Middle East.

In a pre-close trading update published on Monday, the company said it expects to report revenue of €3.4m during 2024 — down from €3.7m in 2023. Shares in the company fell 8% following the trading update.