Key Takeaways U.S. stocks suffered the worst performance in the first 100 days of the Trump presidency in modern times. Consumer confidence has fallen, inflation expectations have risen and tourism has declined sharply. ETFs like VXX, SGDM and EPOL are winners, while ARKZ, WGMI and XES from different corners are losers.President Donald Trump’s return to the White House in January 2025 ushered in a whirlwind of economic policy changes that left investors grappling with historic levels of uncertainty and ma ...

According to the media, Trip.com (NASDAQ: TCOM ) indicated that the number of inbound tourism orders for the upcoming Labor Day holiday increased 173% from a year earlier. We consider this to be an incremental positive for TCOM as we headAstrada Advisors delivers actionable recommendations that enhance portfolio performance and uncover alpha opportunities, supported by a strong track record in investment research at leading global investment banks. With expertise spanning technology, media, internet, and co ...

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]

Financial Data and Key Metrics Changes - The company reported Q2 fiscal year 2025 revenue of approximately $3.17 million, reflecting a 52% increase compared to Q2 fiscal year 2024 revenue of approximately $2.08 million, and a 30% increase compared to Q1 fiscal year 2025 revenue of approximately $2.44 million [13] - Positive adjusted EBITDA of approximately $0.28 million was achieved in Q2 fiscal year 2025, compared to an adjusted EBITDA loss of approximately $1.33 million for Q2 fiscal year 2024 [15] - The company expects aggregate revenue for fiscal year 2025 to exceed $11 million, a 25% increase from $8.8 million in fiscal year 2024, with breakeven adjusted EBITDA for the fiscal year [16][17] Business Line Data and Key Metrics Changes - The increase in revenue was primarily driven by growth in Spatial Core revenues and other business segments [14] - The gross margin for Q2 fiscal year 2025 was approximately 64%, down from 68% in Q2 fiscal year 2024, attributed to revenue mix fluctuations [14] Market Data and Key Metrics Changes - The company currently has a revenue split of approximately 40% from government contracts and 60% from commercial contracts, with expectations to increase the government revenue share in the future [25][27] Company Strategy and Development Direction - The company is focusing on strategic and operational restructuring, with a transition to core business areas and the incorporation of AI elements across its product offerings [6][21] - The company aims to capture opportunities in the immersive technology space as it approaches mass adoption [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting a strong long-term revenue pipeline and expected contracts, despite anticipating a decline in revenue for Q3 fiscal year 2025 [10] - The company is well-positioned to execute its growth strategy and capitalize on significant opportunities in the immersive technology sector [21] Other Important Information - The company raised $6.8 million in net proceeds from a registered direct equity offering in December 2024, enhancing its cash position to approximately $8.5 million [6][18] - The company regained compliance with NASDAQ listing requirements, resolving a previous compliance issue [18] Q&A Session Summary Question: What is the revenue split between commercial and government? - The current revenue split is approximately 40% government and 60% commercial, with expectations to increase the government share moving forward [25][27] Question: What is the outlook for operating expenses? - Operating expenses are expected to remain stable at approximately $900,000 per month for the remainder of the year [31][32] Question: Are there opportunities for divestitures or acquisitions? - The company is exploring opportunities to monetize and divest less critical business segments while also looking for potential acquisitions that align with its growth strategy [34][36] Question: How does the company integrate AI into its offerings? - The company is integrating AI into its immersive technology solutions, enhancing capabilities for both military and commercial applications [49] Question: What is the impact of government spending on revenue? - There is a potentially positive impact from government spending, particularly as new initiatives focus on technology and AI [62]

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 December 31, 2024 Commission File Number: 001-40556 THE GLIMPSE GROUP, INC. (Exact name of registrant as specified in its charter) Nevada 81-2958271 (State or other jurisdiction of incorporation or organization) 15 West 38th St., 12th Fl New York, NY 10018 (Address of principal executive offices) ...

Q2 Fiscal Year 2025 Conference Call and Webcast Exhibit 99.1 The Glimpse Group Reports Q2 Fiscal Year 2025 Financial Results – 50% Increase in Revenue and Positive EBITDA, Positive Cash Flow & Positive Net Income NEW YORK, NY, February 13, 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 fo ...

Core Insights - The Glimpse Group, Inc. is a diversified Immersive Technology platform company focused on enterprise Virtual Reality, Augmented Reality, and Spatial Computing software and services [1][2] - The President & CEO, Lyron Bentovim, will be interviewed on Schwab Network's "Trading 360" on January 22, 2025, at 11:30 am ET [1][2] Company Overview - The Glimpse Group operates a unique business model that builds scale and a robust ecosystem, providing investors an opportunity to invest in the emerging Immersive Technology industry [2] - The company is listed on NASDAQ under the ticker VRAR and also trades on the Frankfurt Stock Exchange under the ticker 9DR [1][2] Event Details - The interview will cover topics related to The Glimpse Group, Immersive Technology, Spatial Computing, AI, and key partnerships [2] - The event can be accessed live via the Schwab Network website and will also be available for replay [2]

Core Insights - The Glimpse Group, Inc. is a diversified Immersive Technology platform company focused on enterprise Virtual Reality, Augmented Reality, and Spatial Computing software and services [1][2] - The President & CEO, Lyron Bentovim, will be interviewed on Schwab Network's "Trading 360" on January 22, 2025, at 11:30 am ET [1][2] Company Overview - The Glimpse Group operates a unique business model that builds scale and a robust ecosystem, providing investors an opportunity to invest in the emerging Immersive Technology industry through a diversified platform [2] - The company is listed on NASDAQ under the ticker VRAR and also trades on FSE under 9DR [1][2] Event Details - The interview will cover topics related to The Glimpse Group, Immersive Technology, Spatial Computing, AI, and key partnerships [2] - The event can be accessed live via the Schwab Network website and will also be available for replay [2]

| --- | --- | --- | --- | --- | --- | --- | |-------|-------|------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Corporate | | | | | | | | | | | | | | | | | | | | | | | | Presentation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Corporate Presentation | | | | | | | | | | | | | | | | | | | | | November 2024 © The Glimpse Group 2024 Safe Harbor Disclaimer This presentation and other written or oral statements made f ...

Financial Data and Key Metrics Changes - Q1 fiscal year 2025 revenue was approximately $2.44 million, reflecting a 44% increase compared to Q4 fiscal year 2024 revenue of approximately $1.7 million, but a 21% decrease compared to Q1 fiscal year 2024 revenue of approximately $3.1 million [16] - Gross margin for Q1 fiscal year 2025 was approximately 79%, compared to 62% for Q1 fiscal year 2024, driven by increased Spatial Core revenues and higher software license revenues [18] - Adjusted EBITDA loss for Q1 fiscal year 2025 was approximately $0.46 million, an improvement from an adjusted EBITDA loss of approximately $1.29 million for Q1 fiscal year 2024 [19] - The company expects revenue in the next three quarters to exceed $3 million on average per quarter, with aggregate revenue for fiscal year 2025 projected to be in the $11 million to $12 million range, representing a 25% to 35% increase compared to fiscal year 2024 [17] Business Line Data and Key Metrics Changes - The company delivered the first phase of a large DoD contract and made significant progress towards securing multimillion-dollar contracts in spatial computing and AI-driven immersive software solutions, with short-term aggregate value expected between $5 million to $10 million [5] - Other immersive businesses continued positive momentum, including contracts with a global water and hygiene infrastructure company and a global energy company, both in the mid-six figure range [6] - QReal, a subsidiary, saw a significant increase in revenue driven by demand for AR lenses and 3D models [6] Market Data and Key Metrics Changes - The company has faced challenging headwinds in the immersive industry over the past two years but is now experiencing concrete positive growth indicators [7] - The divestiture of QReal is expected to create approximately $4 million of net cash value over the next two years, simplifying operations and eliminating Turkey country risk [12][13] Company Strategy and Development Direction - The company is exploring aggressive strategic options to unlock value inherent in its business and assets, while focusing on profitable growth [10][23] - The divestiture of QReal is part of a strategic realignment to streamline operations and focus on core business areas [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about revenue growth and cash flow positivity in the upcoming quarters, despite the current disconnect between intrinsic value and market valuation [8][9] - The company expects to maintain a clean capital structure with no debt and does not intend to raise capital in the foreseeable future [21][22] Other Important Information - The company’s cash and equivalent position as of September 30, 2024, was approximately $1.4 million, with an additional $0.9 million in accounts receivable [21] - The company anticipates that the transformation and positive developments achieved recently will not yet be reflected in its stock price [9] Q&A Session Summary Question: Discussion on operating expense level - Management confirmed that the current operating expense is under $1 million per month, which includes cost savings related to QReal [26][27] Question: Customer opportunities and industry diversity - Management noted that many customers are approaching the company with needs, indicating a strong network of relationships and potential for future growth [28][29] Question: Software license revenue segment - Management indicated that the recent doubling of software license revenue is expected to be a more durable figure moving forward, with potential for growth as contracts expand [32][34] Question: Government contracts and budgetary processes - Management clarified that government contracts are tied to the upcoming budgetary process, with expectations for approvals early in 2025 [36]