Core Insights - Virtualware is set to uplist to Euronext Growth Paris on June 19, 2025, under the ticker ALVIR, following approval from the exchange's admission committee [1] - The uplisting aims to enhance market liquidity, diversify the investor base, and provide access to new financing instruments [1][3] - The company went public via a direct listing on Euronext Access in April 2023, with an initial valuation of €27 million [2] Financial Performance - Virtualware reported a 91% increase in full year 2024 EBITDA, reaching €808,000, while pre-tax profit surged 1712% to €598,000 [3] - The financial net debt to EBITDA ratio was 0.5 times at the end of 2024 [4] - Subscription-based services contributed 41% of total revenue, with VIROO XRaaS revenue growing from €590,555 in 2022 to €1,725,719 by the end of 2024, marking a 192% increase over two years [4] Market Position and Strategy - Virtualware has experienced a 35% increase in share value since its initial listing in 2023, with a current market capitalization of €36.79 million [6] - The company acquired Swedish firm Simumatik in October 2024, enhancing its capabilities in digital twin and simulation technologies, aligning with its three-year Strategic Plan [8] - The Strategic Plan includes expansion into North America and focuses on channel-based organic growth and inorganic acquisitions [8] Client Base and Industry Impact - Virtualware's client portfolio includes major companies and institutions such as GE Vernova, Petronas, Volvo, and various universities and government entities [7] - The company is recognized as a leader in immersive and 3D technology solutions, responding to the growing global demand for real-time 3D enterprise solutions [2][7]

Athens, Ohio, May 1, 2025 - Ohio University, HTC VIVE, and Virtualware have partnered to launch a new program called the Digital Enterprise Collaboratory (DEC), which will provide infrastructure to power new digital engineering and workforce development programs to support the growing demand for advanced manufacturing in Ohio. The partnership combines Ohio University’s leadership in engineering education, HTC VIVE’s industry-leading XR hardware and software technologies, and Virtualware’s enterprise XR plat ...