Virtualware

LKS NEXT has published an initiation of coverage report on Virtualware, setting a fair value range of €5.9–€6.5 per share, with a central value of approximately €6.3, based on a combined DCF and peer-multiple approach. Q1 2026 bookings reached approximately €2.5 million — with nearly 29% generated in the US — implying an annualised run-rate above €10 million, ahead of the record €8 million achieved in full-year 2025. The report projects revenue growth from €4.3 million in 2025 to €8.4 million by 2028, with EBITDA margins expanding from 14.5% to 46.6% over the same period. The full report is available on our Investor Relations website: https://lnkd.in/eM9jMGkG

Immersive training is moving from innovation to infrastructure. At Virtualware, we believe the future of military training goes beyond simulation, it requires secure, scalable, and sovereign XR platforms that can adapt to real operational needs. With years of experience in the sector, we help organizations turn immersive training into a long-term capability: one that supports agility, control, and real impact. Read the article and explore why infrastructure is now the foundation of XR in defense.

We are officially partnering with Igloo Vision, the world leader in shared immersive spaces. We built VIROO to be a platform-first XR infrastructure that gives organizations the freedom to create, deploy and scale immersive solutions across any device or environment. VIROO users can now take their XR applications beyond headsets and screens, and into Igloo's 360° immersive rooms, domes and cylinders used by leading organizations across industry and education worldwide. As our CEO Unai Extremo puts it: “It’s a major step forward for scalable, device‑agnostic immersive adoption.” 👉 Read the full announcement in the first comment

Join us at AI WEEK Italy. Together with One Team S.p.A. and Unity, we will showcase how VIROO XR integrates with Unity Industry solutions to enable end-to-end industrial XR workflows. From CAD and BIM data to secure, scalable, enterprise-ready XR applications, this collaboration highlights how organizations can unlock real business value through immersive technologies, across training, simulation, design validation, and more. David Moreno and Alberto Carlier will be there, running live demos and showcasing VIROO XR in action, don’t miss it. Read the full news in the first comment 👇

Join us at AI WEEK Italy. Together with One Team S.p.A. and Unity, we will showcase how VIROO XR integrates with Unity Industry solutions to enable end-to-end industrial XR workflows. From CAD and BIM data to secure, scalable, enterprise-ready XR applications, this collaboration highlights how organizations can unlock real business value through immersive technologies, across training, simulation, design validation, and more. David Moreno and Alberto Carlier will be there, running live demos and showcasing VIROO XR in action, don’t miss it. Read the full news in the first comment 👇

Next week, we are heading to BSDA 2026 in Bucharest. Together with our Romanian partner LASTING System, we'll be at Pavilion G, Stand G609 (ROMAERO, May 13–15) showing how VIROO enables secure, multi-user immersive training environments built for defense and security operations. One highlight: SIMUR, a VR simulator developed with the Spanish Military Health School (EMISAN) that replicates NATO CBRN medical protocols for multi-domain training. Already featured at I/ITSEC and @European Defense Innovation Days. Going to BSDA? Reach out to David Moreno, he'll be there and happy to connect. Full article in the first comment 👇 #VIROO #BSDA2026 #DefenseXR #ImmersiveTraining

Virtualware’s Annual Sustainability Report is now available. A closer look at the milestones, initiatives, and progress that shaped our 2025 sustainability journey. From @B Corporation co com certification and equality actions to entrepreneurship, well-being, partnerships, and awareness campaigns, the report brings together the work behind the numbers. Read the full report in the first comment. 👇

Got 1 minute and 1 email? Help us with your vote. Three of our projects are running for the AWE Auggie Awards, and your support can help us move to the next round. 🗳️ Vote here: https://lnkd.in/dyc_H7KK You can vote for: 1️⃣ VIROO — Best Enterprise Solution 2️⃣ VIROO Studio — Best Developer Tool 3️⃣ Battery Boost — Best Education & Training Solution Just sign up (Google login works), search for “VIROO” or “Battery”, and click the ❤️ on our projects. Public voting is open until May 14, 2026. Thank you for your support. #AWE2026 #AuggieAwards #XR #VR #EnterpriseXR #EdTech

Virtualware is now ENS certified. The Esquema Nacional de Seguridad (ENS) is Spain's highest cybersecurity standard for technology providers working with Public Administrations, and we've just earned it. In 2025, we set a clear goal: to achieve and renew three certifications that would put our commitment to information security to the test, at every level. Today, we can say mission accomplished: ✅ ISO 27001:2022 — international standard for information security management ✅ TISAX AL3 — the highest security level for the automotive industry ✅ ENS — required to operate with Spanish Public Administrations Because security is built into everything we do, including our XR platform VIROO, and @simumatik designed from the ground up to operate in highly regulated environments. "In a world where data is the most valuable asset, security cannot be an option. We firmly believe in digital sovereignty: organizations must be able to trust that their data is protected." — Laura Pereg Muñoz, Management Assurance Officer A huge thank you to our Security Committee Asier Extremo Baigorri, Ibon Santamaria Peña, Maribel Nuñez, Gaizka Elosegi Aranberri, Iñigo Arribalzaga, Pablo García for making this possible. 🙌 → Learn more about our security certifications https://lnkd.in/evkfXHwZ

📰 Virtualware apalanca su futuro sobre la soberanía tecnológica y nuevas operaciones inorgánicas https://lnkd.in/ehadXmND