EVR Holdings - a creator of virtual reality content - posts a pre-tax loss of £1.2m for the six months to the end of June compared with £36,466 last time.
- On 16 May EVR successfully listed on AIM following the acquisition of MelodyVR for a total consideration of £5.12 million.
- The company's subsidiary, MelodyVR, has since entered into a number of long-term partnerships, obtaining exclusive recording rights for the creation and distribution of virtual reality content across a total of 47 worldwide event properties and music venues.
- MelodyVR entered an exclusive licensing agreement with an international major record label which will see a number of VR experiences featured exclusively on the MelodyVR platform when launched later this year.
Chief executive Anthony Matchett said: "The board and I are delighted by the positive response to our successful admission to AIM and we are pleased to report that EVR and its subsidiary MelodyVR have made substantial operational progress since admission.
"MelodyVR has now entered into a number of long-term partnerships, obtaining exclusive recording rights for the creation and distribution of virtual reality content, across a total of 47 worldwide event properties and music venues.
"MelodyVR's library of virtual reality music experiences continues to grow and now features performances from over 400 well known recording artists.
"Given the rapid growth of the VR hardware market and taking into account increasing consumer awareness towards virtual reality technology, it is the board's view that EVR is particularly well placed to exploit the current and forthcoming demand for original VR content and programming.
"The board would like to thank our new and existing shareholders for their support and we look forward to capitalising on significant market opportunities over the coming months."
At 9:54am: (LON:EVRH) Evr Holdings Plc share price was 0p at 1.63p