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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VRAR
News
- Glimpse Group regains compliance with Nasdaq [Seeking Alpha]Seeking Alpha
- The Glimpse Group Regains Compliance with NASDAQAccesswire
- The Glimpse Group, Inc. (NASDAQ: VRAR) had its "buy" rating re-affirmed by analysts at Westpark Capital. They now have a $4.67 price target on the stock.MarketBeat
- The Glimpse Group Announces the Closing of a $7.29 Million Registered Direct Offering; Proceeds to Accelerate Spatial Computing, AI and Immersive Capabilities and Support Customer Contracts Traction [Yahoo! Finance]Yahoo! Finance
- The Glimpse Group Announces the Closing of a $7.29 Million Registered Direct Offering; Proceeds to Accelerate Spatial Computing, AI and Immersive Capabilities and Support Customer Contracts TractionAccesswire
VRAR
Sec Filings
- 12/16/24 - Form 8-K
- 12/11/24 - Form 4
- 12/9/24 - Form SCHEDULE
- VRAR's page on the SEC website