Virtual reality learning firm expecting 'significant' growth after US expansion

A Gloucestershire virtual reality learning firm is expecting "significant" growth in 2024 as it expands its footprint in the US. Avantis Education Group, which provides headsets, software and content for schools, is forecasting revenue and EBITDA - a measure of financial performance - to increase by more than 50% this year.

The Quedgeley-based company's technology is used by more than two million students in 200,000 institutions across 90 countries.

For the year ended December 31, 2023, Avantis generated £23m in revenue, with EBITDA of £6.4m. Its performance, it said, was driven by its US expansion.

Since entering the US in 2007 and opening its first Stateside office in 2021, A