The Glimpse Group Reports Q1 Fiscal Year 2025 Financial Results [Yahoo! Finance]
The Glimpse Group, Inc. (VRAR)
Company Research
Source: Yahoo! Finance
company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, provided financial results for its first quarter fiscal year 2025 year, ended September 30, 2024 ("Q1 FY '25"). Business Commentary by President & CEO Lyron Bentovim Financial Summary: Q1 FY '25 revenue of approximately $2.44 million, reflecting: a) 44% increase compared to Q4 FY '24 (ending June 30, 2024) revenue of approximately $1.7 million. The Q-Q increase was primarily driven by an increase in Spatial Core revenues, and b) a 21% decrease compared to Q1 FY '24 (ending September 30, 2023) revenue of approximately $3.1 million. The Y-Y decrease was primarily driven by our strategic alignment over the last 9 months which led to a turnover in our legacy customer base and consolidation and divestiture of some of our businesses. We expect revenue in the next three upcoming quarters to exceed $3 million on average per quarter, and aggregate revenue f
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News
- The Glimpse Group Reports Q1 Fiscal Year 2025 Financial ResultsAccesswire
- The Glimpse Group, Inc. (NASDAQ: VRAR) had its "buy" rating re-affirmed by analysts at Westpark Capital. They now have a $2.65 price target on the stock.MarketBeat
- The Glimpse Group to Announce Q1 Fiscal Year 2025 Financial Results on Thursday, November 14, 2024 at 4:30 p.m. Eastern Time Accesswire
- The Glimpse Group, Inc. to Present at the MicroCap Rodeo Fall 2024 ConferenceAccesswire
- Foretell Reality Extends Partnership With Nova Southeastern University For An AI Based Immersive Training SystemAccesswire
VRAR
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 11/12/24 - Form SC
- VRAR's page on the SEC website