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]

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]

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]

Revenue Performance - Q1 FY '25 revenue was approximately $2.44 million, a 44% increase from Q4 FY '24 but a 21% decrease from Q1 FY '24[1][2] - The company expects average quarterly revenue to exceed $3 million in the next three quarters, with total FY '25 revenue projected between $11-12 million, representing a 25-35% increase from FY '24[2] Gross Margin and EBITDA - Gross Margin for Q1 FY '25 was approximately 79%, up from 62% in Q1 FY '24, driven by increased Spatial Core revenues[3] - Adjusted EBITDA loss for Q1 FY '25 was approximately $0.46 million, an improvement from a loss of approximately $1.29 million in Q1 FY '24[3] - Adjusted EBITDA loss improved to $(0.46) from $(1.29) year-over-year, showing a reduction in operational losses[26] Cash Flow and Expenses - The company's cash operating expense base is now less than $1.0 million per month, with expectations of generating positive cash flow in the remaining quarters[4] - Cash used in operating activities was $(425,045), a decrease from $(1,683,217) in the previous year, indicating improved cash flow management[25] - Cash and cash equivalents at the end of the period were $1,413,794, down from $3,928,836, a decline of 64.0%[25] Contracts and Divestitures - The company secured several multi-million dollar contracts in Spatial Computing, with an aggregate short-term value of $5-10 million expected[6] - The divestiture of QReal is projected to create approximately $4.0 million in net cash value over two years, including annual cash expense savings of $1.2 to $1.5 million[11] Financial Position - As of September 30, 2024, the company had approximately $1.4 million in cash and equivalents, along with $0.9 million in accounts receivable[4] - The company maintains a clean capital structure with no debt and does not intend to raise capital in the foreseeable future[5] - Total assets as of September 30, 2024, were approximately $15.17 million, a decrease from $15.56 million as of June 30, 2024[21] Operating Expenses and Losses - Total operating expenses increased to $2,957,969 from $2,094,090, representing a 41.2% increase year-over-year[23] - Net loss for the period was $1,014,192 compared to a net loss of $119,443 in the previous year, indicating a significant increase in losses[24] - Basic and diluted net loss per share was $(0.06), compared to $(0.01) in the prior year[24] Share Count and Income - Weighted-average shares used to compute basic and diluted net loss per share increased to 18,164,217 from 14,730,386, reflecting a 23.5% increase in share count[24] - Interest income decreased to $20,711 from $51,276, a drop of 59.6% year-over-year[24] Research and Development - Research and development expenses decreased to $1,120,522 from $1,680,787, a reduction of 33.3%[23] Amortization and Depreciation - Total amortization and depreciation expenses were $155,594, down from $398,923, a decrease of 60.0%[25]

Glimpse Group, Inc. (NASDAQ:VRAR) Q3 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Lyron Bentovim - Chairman & CEO Maydan Rothblum - Co-Founder, CFO, COO, Secretary, Treasurer & Non Independent Director Conference Call Participants Operator Welcome to The Glimpse Group Quarter Three Fiscal Year 2024 Financial Results Webinar. [Operator Instructions]. As a reminder, this conference is being recorded. The earnings release that accompanies this call is available on the Investors se ...

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, 2024 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) (State or other jurisdiction of incorporat ...

Exhibit 99.1 The Glimpse Group Reports Q3 Fiscal Year 2024 Financial Results NEW YORK, NY, May 15, 2024 — 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 2024, ended March 31, 2024 ("Q3 FY'24"). Business Summary by President & CEO Lyron Bentovim ● Earlier today, ...

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, 2023 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 o ...

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 September 30, 2023 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 juri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended June 30, 2023 ☐ 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. (IRS Employer Identification No.) 15 West 38th St, 12th Fl, New York, NY 10018 10018 (Address of prin ...