Company Report
Last edited 3 years ago
PerformanceCommunity EngagementCommunity Endorsement
Performance (27m)
-8.2% pa
Followed by
14
Straws
Sort by:
Recent
Content is delayed by one month. Upgrade your membership to unlock all content. Click for membership options.
#ASX Announcements
stale
Added 3 years ago

There are quite a few here who follow the virtual reality stock VR1 so the 4C released today is worth a comment.

 

Of all the 4Cs that I have reviewed over the last fortnight, VR1 has just produced the highest quarter on quarter growth rate at 215% cash receipts growth, compared to the previous quarter, to ~$1M

 

With a further ~$1M in cash receipts booked across the Company’s divisions in July 2021, continued strong growth is expected.

 

It’s difficult to be an expert on the finer points of virtual reality, but the growth rates are exceptional which suggests that there is definitely a market out there for VR1’a services.

 

The VR1 weekly chart is also looking really positive with the SP trending off the recent lows and the RSI turning positive.

 

VR1 has $6.3M cash in the bank so no immediate need or a CR.