Remember the Apple Vision Pro? Remember? It was a big, ambitious swing from Tim Cook and Co. — a $3,500 headset that lets you experience "augmented reality" — or, if you follow Apple's demands for branding — "spatial computing."Apple first showed off the Vision Pro in the spring of 2023, and then started selling the device in February 2024, and since then … you really haven't heard much about it. Unless you've seen periodic articles about how the device hasn't taken off, so developers aren't building for ...

Accessibility StatementSkip Navigation The innovation takes fans beyond the grandstand into the high-octane, high-performance world of racing, creating truly unforgettable moments that redefine the intersection of premium fashion, luxury retail, sport and technology NEWTOWN, Pa., Oct. 2, 2025 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced its strategic collaboration with BOSS on a revolutionary immersive spatial exp ...

Product Launch - Logitech has launched two new headsets, the Zone Wireless 2 ES and the Zone Wired 2, aimed at enhancing focus for office workers [1] - The headsets feature adaptive noise cancellation and AI-powered microphones to block background sounds [2] - The wireless version offers up to 20 hours of talk time and 25 hours of listening time, while the wired version is a plug-and-play option [3] Design and Sustainability - The headsets incorporate design elements from gaming headsets for comfort during long use and allow customization through the Logi Tune app [4] - Logitech emphasizes sustainability by using recycled materials and offering replaceable parts to extend product lifespan [4] Pricing and Availability - The Zone Wireless 2 ES will be available in November for $159.99 (Bluetooth) or $179.99 (with receiver), while the Zone Wired 2 will be available in December for $129.99 [5] Strategic Growth - Logitech is expanding its product line beyond consumer accessories into enterprise and hybrid work solutions to enhance productivity [5] - The company is also innovating in gaming, streaming, and spatial computing, showcasing significant updates at the Logitech G PLAY 2025 event [6] AI and Collaboration Tools - A notable product is the Streamlabs AI Streaming Agent, which utilizes NVIDIA technology for enhanced streaming capabilities [7] - Logitech is collaborating with Apple on the Vision Pro, introducing Muse, a digital pencil for spatial computing [8] Market Demand - The shift towards hybrid work setups is driving demand for Logitech's video collaboration tools and other products, as companies invest in remote work solutions [9]

Financial Data and Key Metrics Changes - Fiscal year 2025 revenue was approximately $10.5 million, a 20% increase from fiscal year 2024 revenue of approximately $8.8 million, primarily driven by an increase in SpatialCore revenues [14] - Q4 fiscal year 2025 revenue was approximately $3.5 million, a 105% increase compared to Q4 fiscal year 2024 revenue of approximately $1.7 million, and a 150% increase compared to Q3 fiscal year 2025 revenue of approximately $1.4 million [15] - Gross margin for fiscal year 2025 was approximately 67.5%, consistent with 67% for fiscal year 2024, and expected to remain in the 65%-75% range [15][16] Business Line Data and Key Metrics Changes - Brightline Interactive (BLI) is identified as the main growth engine, focusing on advanced spatial computing and AI-driven operational simulation middleware software [5][10] - BLI achieved significant milestones, including a $4 million+ initial contract for a unified synthetic training ecosystem for the Department of Defense [7] - Additional contracts include a $2 million SpatialCore contract and the delivery of an advanced immersive simulator to the U.S. Navy [8][9] Market Data and Key Metrics Changes - BLI's growth potential is emphasized in the U.S. Department of Defense and enterprise big data segments, including oil and gas and aviation [10] - The company has established relationships with major customers and a significant pipeline for future growth, although the contracting process with the Department of Defense is noted to be slow and complex [10][11] Company Strategy and Development Direction - The company plans to spin out Brightline Interactive to maximize shareholder value and enhance its chances of success as an independent entity [12] - The spin-out is expected to occur early in 2026, with Glimpse shareholders receiving shares in the new entity [13][33] - The company aims to maintain a clean capital structure with no debt and to continue focusing on existing businesses while pursuing growth opportunities [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future revenue growth, although they cautioned that revenue recognition may be choppy due to the nature of DOD contracts [15] - The company is focused on unlocking shareholder value and has several strategic options to achieve this [17] - Management highlighted the importance of integrating immersive technologies with AI in education and healthcare sectors, although these are less of a focus for BLI [22] Other Important Information - The company achieved cash flow neutrality for the first time in its history, with a net operating cash loss of approximately -$0.27 million for fiscal year 2025 compared to -$5.2 million in fiscal year 2024 [16] - The cash and equivalent position as of June 30, 2025, was approximately $6.85 million, with an additional $0.85 million in accounts receivable [16] Q&A Session Summary Question: What are BLI's opportunities outside of defense? - Management indicated that while BLI has made strides in defense, there are also opportunities in enterprise sectors, although education and healthcare are more focused on other entities within the company [20][22] Question: What is the expected timeframe for the spin-off? - Management expects to initiate the spin-off process in the coming weeks, aiming for completion early in 2026 [23][33] Question: Will there be a name change for Brightline Interactive? - Management confirmed that there are no plans for a name change, as Brightline has a strong brand presence [26] Question: Will the company have cash needs moving forward? - Management stated that they expect to operate fully with the current cash reserves [34] Question: Will there be joint ventures with larger companies for Brightline Interactive? - Management is actively looking for partnerships and has significant relationships with leading technology companies [43]

Financial Data and Key Metrics Changes - Fiscal year 2025 revenue was approximately $10.5 million, a 20% increase from fiscal year 2024 revenue of approximately $8.8 million, primarily driven by an increase in SpatialCore revenues [14] - Q4 fiscal year 2025 revenue was approximately $3.5 million, a 105% increase compared to Q4 fiscal year 2024 revenue of approximately $1.7 million, and a 150% increase compared to Q3 fiscal year 2025 revenue of approximately $1.4 million [15] - Gross margin for fiscal year 2025 was approximately 67.5%, consistent with 67% for fiscal year 2024, and is expected to remain in the 65% to 75% range [15][16] - The company achieved annual cash flow neutrality for the first time in its history, with a net operating cash loss of approximately negative $0.27 million for fiscal year 2025, compared to negative $5.2 million for fiscal year 2024 [16] Business Line Data and Key Metrics Changes - Brightline Interactive (BLI) is identified as the main growth engine, focusing on advanced spatial computing and AI-driven operational simulation middleware software [5] - BLI secured a $4+ million initial contract for a unified synthetic training ecosystem for a major Department of Defense entity, along with a $2+ million SpatialCore contract with another Department of Defense entity [6][10] - BLI delivered an advanced immersive simulation to the U.S. Navy, enhancing military training capabilities [8] Market Data and Key Metrics Changes - The company has established significant relationships with major customers across various industries, including the Department of Defense and big data-driven enterprises [5] - There is a robust pipeline of new potential customers in sectors such as oil and gas, aviation, and technology [10] Company Strategy and Development Direction - The company plans to spin out Brightline Interactive to maximize shareholder value and enhance its growth potential as an independent entity [12] - The strategy aims to allow Glimpse shareholders to receive shares in the spun-out BLI public entity while maintaining their holdings in Glimpse [13] - The focus will remain on existing businesses while pursuing aggressive growth strategies in the coming months [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that while significant strides have been made, the current valuation does not reflect the true value of Brightline Interactive [11] - The company expects fiscal year 2026 revenue to exceed fiscal year 2025 revenue, although quarterly revenue may be choppy due to the nature of government contracts [15][16] - Management is optimistic about the future, emphasizing the immense opportunities ahead [17] Other Important Information - The company filed seven new patents focused on integrating AI with immersive technologies during fiscal year 2025 [4] - The company maintains a clean capital structure with no debt, convertible debt, or preferred equity [16] Q&A Session Summary Question: What are the primary opportunities for BLI? - Management indicated that BLI's opportunities are primarily in defense, but there are also potential overlaps with education and healthcare [19][20] Question: What is the expected timeframe for the spin-off of BLI? - Management expects to initiate the spin-off process in the coming weeks, with completion anticipated early in 2026 [23][30] Question: Will there be a name change for Brightline Interactive post-spin-off? - Management does not expect any name changes, as Brightline Interactive has a strong brand presence [25] Question: How does the company plan to integrate AI solutions into healthcare and education? - Management plans to partner with industry specialists to integrate their know-how with the company's AI solutions for broader market offerings [28][29] Question: What are the cash needs for the company moving forward? - Management expects to operate fully with the current cash reserves without additional cash needs [32]

NEW YORK, NY / ACCESS Newswire / September 22, 2025 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), a diversified Immersive Technology platform company providing enterprise-focused Immersive Technology, Spatial Computing and Artificial Intelligence ("AI") driven software and services, announced that its subsidiary company Sector 5 Digital ("S5D") entered into a mid 6-figure dollar contract with one of the world's largest energy technology companies to provide Immersive enterprise services. About The Gl ...

Collaboration aims to create the lab of the future, enabling safer, faster, and more precise interventions Key Benefits of Partnership  Integration of VR and imaging: Combines Realize Medical’s VR platform with Canon’s imaging solutions for an immersive and streamlined procedural planning experience. Enhanced clinical decision-making support: Enables safer, faster, and more precise interventions through advanced visualization. Future-ready technology: Builds the foundation for the connected, intelligent int ...

Core Viewpoint - VERSES AI Inc. is focused on developing next-generation cognitive computing systems, emphasizing the unique approach of their technology compared to mainstream AI solutions, particularly in enterprise applications [2][3][4]. Company Overview - VERSES AI Inc. is a cognitive computing company that aims to create intelligent software systems inspired by nature, with their flagship product being Genius™, designed for reliable predictions and decisions under uncertainty [15]. Technology and Innovation - The company has introduced AXIOM, described as the world's first digital brain, which integrates modules for vision, memory, prediction, and reasoning, demonstrating higher reliability and efficiency compared to existing models [8]. - The approach of VERSES is based on the concept of active inference, which mimics human cognitive processes, allowing for real-world testing and adaptation of models [5][6][7]. Market Position and Adoption - Despite the rapid adoption of some AI technologies, enterprise AI adoption remains slow, attributed to the limitations of Large Language Models (LLMs) in performing reliable business tasks [3]. - The company has begun selling its product Genius™ to enterprise customers, with notable use cases in financial market modeling and fleet management optimization, indicating practical applications of their technology [11][12]. Recognition and Future Directions - VERSES has gained recognition in the media, with endorsements from industry experts highlighting the originality and potential impact of their approach on achieving Artificial General Intelligence (AGI) [13]. - The company is exploring robotics as an emerging frontier, showcasing early progress in enabling robots to perform complex tasks without prior training [14].

Core Insights - VERSES AI Inc. has been recognized by Gartner as a Sample Vendor in the Hype Cycle for Artificial Intelligence, 2025, highlighting its innovative approach in the cognitive computing sector [1][2] - The company has also been acknowledged in separate reports for Spatial Computing and Active Inference, indicating a broad recognition of its technology [2] - CEO Gabriel René emphasized the demand from enterprises for reliable, domain-specific AI models, which aligns with the capabilities of their flagship product, Genius™ [3] Company Overview - VERSES is a cognitive computing company focused on developing next-generation intelligent software systems inspired by natural principles [4] - The flagship product, Genius™, is designed to provide reliable domain-specific predictions and decisions under uncertainty, aiming to enhance human potential through technology [4] Industry Context - Gartner's Hype Cycle provides a framework for understanding the maturity and adoption of technologies, which is crucial for businesses looking to leverage AI solutions [2] - The recognition by Gartner reflects the growing importance of reliable AI systems in addressing real business challenges and opportunities [2][3]

Core Viewpoint - Apple has underperformed in 2023, with shares down approximately 19% year to date, contrasting with a 4% gain in the S&P 500, primarily due to disappointing growth rates [2][12] Group 1: Revenue and Sales Performance - Apple's revenue growth in the first half of the year was only 4.4% year over year, raising concerns about its sales potential [2] - The company's total annual revenue has remained around $400 billion since 2022, indicating potential stagnation in global sales [3] - A significant portion of Apple's sales is concentrated in a few product lines, with the iPhone, Mac, and iPad accounting for about two-thirds of total sales [5] Group 2: Product Concentration and Opportunities - Apple's product concentration is viewed as a risk, as the iPhone alone represents about half of total sales, making the company vulnerable to weaknesses in this category [5] - However, the concentrated product line also presents an opportunity; a single successful new product could significantly boost sales, as seen with the AirPods and Apple Watch [7][8] - The wearables, home, and accessories segment now accounts for over 9% of total sales, demonstrating the potential impact of new product launches [8] Group 3: Services Segment and Ecosystem - Apple's services segment, which has a higher profit margin and is more predictable than hardware sales, contributes to overall revenue diversification [6] - New product categories can enhance engagement with the Apple ecosystem, leading to increased services revenue and customer loyalty [10] Group 4: Future Product Ventures - Apple is exploring new product categories, notably the Vision Pro in spatial computing, which could become significant revenue streams in the future [11] - While currently a niche product, future iterations of Vision Pro may lead to increased customer utility and sales growth [11] Group 5: Valuation and Growth Outlook - The current price-to-earnings ratio of about 31 suggests that the market anticipates a return to higher growth rates in the future [12] - Despite risks of not returning to robust growth rates, the potential for finding new product categories over the next decade remains a strong argument for holding shares [13]