EVR’s long-delayed virtual reality app closes in on launch

Melody VR should kick-start the AIM firm’s first route to revenue
Thursday 12 Apr 2018 Author: Steven Frazer

Virtual reality (VR) music content business EVR Holdings (EVRH:AIM) is at long last close to launching its smartphone app, Melody VR. That’s almost two years after the company joined the stock market.

This will come as a relief to the AIM-quoted company’s fan base of investors. Beta testing started on Christmas Eve 2016.

EVR’s market value has soared from about £12m to the current £155m. The company has raised £23.4m of growth funding since it has been listed, most recently £15m in October 2017.

‹ Previous2018-04-12Next ›

Important information:

These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.

Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.

Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.

The Shares team
Disclaimer

Advertising feature

The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.