Edison Investment Research - VECTION TECHNOLOGIES LTD (VR1) Vection Technologies - Enterprise-grade metaverse

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Edison Investment Research

Richard Williamson

Vection Technologies - Enterprise-grade metaverse

Vection Technologies (ASX:VR1) is an Australia-based company that operates in the field of extended reality (XR). Through its immersive solutions suite, IntegratedXR, Vection Technologies provides the foundation that clients need to engage with the metaverse, and focuses on completely integrating client systems, operations and technologies. We see the company building on its recent growth (FY22 revenue up more than 440% over FY21) and growing FY23 sales to A$26.1m, driven by Vection Technologies’ entry into new verticals, geographic expansion and several recent acquisitions. FY23 could mark an inflection point for the company and we will be watching the XR space closely.

28/11/2022 1 EN

Underlying

VECTION TECHNOLOGIES LTD

Servtech Global Holdings is engaged in providing software services and administrative support for real estate and finance related operations.

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AU0000067522 Australia

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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Vection Technologies - Enterprise-grade metaverse

Vection Technologies - Moving from niche to mainstream markets

Vection Technologies - Contract wins underpin strong start to H224

Vection Technologies - Record half and strong H2 visibility

Topps Tiles - Accelerating growth through Q125

Baillie Gifford US Growth Trust - A unique high-growth strategy meriting support

Greggs - More challenging environment in H224

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