David and Sandra Whelan of Immersive VR Education.

How coronavirus – and a game-changing deal with HTC – revived Waterford’s VR Education

Immersive VR Education was on the ropes early this year. Then the Taiwanese electronics giant, HTC, came calling.

30th Jul, 2020 - 9 min read

At first, the coronavirus was another kick in the teeth for Immersive VR Education (VRE:LN), the Waterford-based virtual reality company. 

VRE had floated on Aim, London’s mini stock market for fledgeling companies, in March 2018. The stock got off to a good start. But revenue was slow coming in, and Aim’s notoriously flighty investors lost interest. In the 20 months following May 2018, the stock fell by more than 80 per cent. By the beginning of February this year, its market cap had shrunk to just £12m. It was sliding into the danger zone from which many Aim companies struggle to escape. 

When coronavirus came, it...

© 2020 Currency Media Limited