Major tech-related companies host Annual General Meetings in the weeks aheadQ1 earnings season was strong, but the collective macro outlook remains murkyAI is back in vogue after tech executives and the president forged deals in the Middle East last weekInvestors can pause to catch their breath after a wild last few months. Cooler heads appear to have prevailed in the trade war, the Q1 earnings season was better than expected, and (for now) economic data is hanging in there. According to Econoday, the las ...

The Glimpse Group (VRAR) Q3 2025 Earnings Call May 15, 2025 09:00 AM ET Company Participants Lyron Bentovim - Chairman of the Board, President & CEOMaydan Rothblum - Co-Founder, CFO, COO, Secretary, Treasurer & Non Independent Director Operator Welcome to the Glimps Group's Third Quarter Fiscal Year twenty twenty five Financial Results Webinar. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being ...

The Glimpse Group (VRAR) Q3 2025 Earnings Call May 15, 2025 09:00 AM ET Speaker0 Welcome to the Glimps Group's Third Quarter Fiscal Year twenty twenty five Financial Results Webinar. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. The earnings release that accompanies this call is available on the Investors section of the company's website at https:ir.theglimpsgroup.com. Before we b ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40556 THE GLIMPSE GROUP, INC. (Exact name of registrant as specified in its charter) Nevada 81-2958271 (State or other jurisdic ...

Exhibit 99.1 The Glimpse Group Reports Q3 Fiscal Year 2025 Financial Results Reaf irm Revenues and Second Consecutive Quarter of Positive Cash Flow NEW YORK, NY, May 15, 2025 - The Glimpse Group, Inc. ("Glimpse") (NASDAQ: VRAR; FSE: 9DR), a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, provided financial results for its third quarter fiscal year 2025, ended March 31, 2025 ("Q3 FY '2 ...

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Core Insights - 36Kr Holdings Inc. hosted the "2025 AI Partner Conference" focusing on AI-powered super applications and scenario-based innovation, featuring prominent speakers from academia and industry [1][2] - The conference included discussions on emerging dynamics in the AI era and the potential of next-generation AI applications, with segments dedicated to identifying future super apps [2] - 36Kr introduced the "2025 AI-Native Application Innovation Cases" and "2025 AI Partner Innovation Awards" to recognize outstanding AI applications across various sectors, emphasizing AI's role in driving industry transformation [3] Company Overview - 36Kr Holdings Inc. is a leading platform serving New Economy participants in China, providing high-quality content and business services to meet the evolving needs of both new and traditional companies [5] - The company leverages a comprehensive database and strong data analytics capabilities to capture growth potential in China's New Economy [5] Future Initiatives - Following the conference, 36Kr aims to empower transformative AI companies in China through the "Disruptor Initiative," which will identify and support enterprises with disruptive potential [4] - The initiative will integrate global resources and foster collaboration between industry and academia to enhance the global presence of Chinese technology [4]

Revenue Performance - Total revenue for the three months ended December 31, 2024, was approximately $3.17 million, an increase of 52% compared to $2.08 million for the same period in 2023[148]. - Software Services revenue for the three months ended December 31, 2024, was approximately $3.13 million, reflecting a 54% increase from $2.03 million in the same period of 2023[151]. - Total revenue for the six months ended December 31, 2024, was approximately $5.61 million, an increase of 8% compared to $5.18 million for the same period in 2023[148]. - Software License revenue for the six months ended December 31, 2024, increased by 79% to approximately $0.25 million compared to $0.14 million for the same period in 2023[152]. Profitability and Margins - Gross profit margin for the three months ended December 31, 2024, was approximately 64%, down from 68% in the same period of 2023[154]. - Net income for the three months ended December 31, 2024, was approximately $0.02 million, an improvement from a loss of $0.74 million in 2023; the net loss for the six months was approximately $0.98 million compared to $0.86 million in 2023[165]. - Adjusted EBITDA income was $0.28 million for the three months ended December 31, 2024, compared to a loss of $1.33 million in 2023; for the six months, the loss improved to $0.17 million from $2.61 million[171]. Expenses and Cost Management - Total operating expenses for the three months ended December 31, 2024, were approximately $2.02 million, a decrease of 9% from $2.23 million in 2023; for the six months, expenses increased by 15% to $4.97 million from $4.33 million[157]. - Internal staffing costs for the three months ended December 31, 2024, were approximately $0.86 million, representing 75% of total cost of revenue, compared to $0.44 million (67%) in 2023, indicating a strategic shift to Spatial Core[155]. - Research and development expenses decreased by 53% to approximately $0.66 million for the three months ended December 31, 2024, and by 42% to $1.78 million for the six months, reflecting a divestiture and headcount reductions[158]. - General and administrative expenses decreased by 19% to approximately $0.85 million for the three months ended December 31, 2024, and by 17% to $1.78 million for the six months, due to headcount reductions and cost savings[159]. - Sales and marketing expenses decreased by 51% to approximately $0.38 million for the three months ended December 31, 2024, and by 29% to $1.12 million for the six months, reflecting the divestiture of QReal/Turkey[160]. Strategic Changes - The company divested its wholly owned entities QReal, LLC and its related operating entity in Turkey, effective October 1, 2024, as part of a strategic realignment[143]. - The company shifted its business focus to immersive technology solutions driven by Spatial Computing, Cloud, and AI, referred to as "Spatial Core"[141]. - Customer concentration was high, with three customers accounting for approximately 80% of total gross revenues during the three months ended December 31, 2024[153]. Cash Flow and Financial Position - Net cash used in operating activities improved to approximately $0.25 million for the six months ended December 31, 2024, from $3.36 million in 2023, reflecting better profit margins and expense reductions[173]. - Net cash provided by financing activities was approximately $6.87 million for the six months ended December 31, 2024, compared to $2.97 million in 2023, primarily from securities purchase agreements with institutional investors[175]. - Cash, cash equivalents, and restricted cash at the end of the period increased by 62% to $8.44 million from $5.22 million in 2023[172]. - As of December 31, 2024, the Company had cash and cash equivalents of $8.45 million[176]. - The Company had no outstanding debt obligations as of December 31, 2024[176]. - There was no issued and outstanding preferred stock as of December 31, 2024[177]. - Contingent consideration for acquisition liabilities includes cash components up to $3.0 million, potentially payable through September 2025[177].

Financial Performance - Q2 FY '25 revenue was approximately $3.17 million, a 52% increase compared to Q2 FY '24 revenue of approximately $2.08 million[2] - Positive adjusted EBITDA of approximately $0.28 million in Q2 FY '25, compared to an adjusted EBITDA loss of approximately -$1.33 million for Q2 FY '24[2] - The company expects Q3 FY '25 revenue to decline to between $1.5 million and $2 million, but anticipates a strong Q4 FY '25 with revenue between $3.3 million and $4 million[2] - For FY '25, the company expects aggregate revenue to exceed $11 million, representing a 25%+ increase compared to $8.8 million for FY '24[2] - The company reported a net loss of $988,320 for the six months ended December 31, 2024, compared to a net loss of $857,810 for the same period in 2023[17] - Adjusted EBITDA for the six months ended December 31, 2024, was a loss of $0.17 million, improving from a loss of $2.61 million in the same period of 2023[18] Cash and Liquidity - The company's cash and equivalents as of December 31, 2024, were approximately $8.5 million, with an additional $1.4 million in accounts receivable[2] - Cash and cash equivalents at the end of the period increased to $8,445,288, up from $5,220,653 at the beginning of the year[17] - The company experienced a net cash used in operating activities of $253,153 for the six months ended December 31, 2024, significantly lower than $3,358,180 for the same period in 2023[17] - The company generated $6,785,552 from securities purchase agreements in financing activities, compared to $2,968,501 in the prior year[17] - The company’s accounts receivable decreased by $668,847 for the six months ended December 31, 2024[17] Contracts and Business Development - Brightline Interactive delivered a significant milestone on its $4 million+ Department of Defense contract during the quarter[9] - Brightline Interactive entered into an initial contract with the US Navy for an Immersive, AI-Driven Simulator System, setting the stage for potential follow-on contracts[9] - The company has made strong progress in commercializing its AI-driven immersive training product, experiencing encouraging initial traction with customers and partners[9] Capital Structure and Compliance - The company maintains a clean capital structure with no debt, no convertible debt, and no preferred equity[2] - The company regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share[2] Expenses and Divestitures - Stock-based compensation expenses for the six months ended December 31, 2024, were $407,231, down from $1,135,048 in the same period of 2023[17] - The company reported a depreciation and amortization expense of $272,615 for the six months ended December 31, 2024, compared to $720,458 in the same period of 2023[17] - The company recorded a net gain on divestiture of subsidiaries amounting to $1,397,066 for the six months ended December 31, 2024[17] - The company had a loss on subsidiary divestiture of $0.10 million for the three months ended December 31, 2024[18]