Workflow
Immersive Technology
icon
Search documents
The Glimpse Group Reports Fiscal Year 2025 Financial Results
Accessnewswireยท 2025-09-30 12:15
Revenue Growth, Essentially Breakeven Cashflow, AI-Centric DoW Contracts and Strategic Plan To Unlock Significant Value NEW YORK, NY / ACCESS Newswire / September 30, 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 financial results for its fiscal year 2025, ended June 30, 2025 ("FY '25"). Business Commen ...
The Glimpse Group, In Partnership with Montefiore Einstein, Unveils Groundbreaking VR Study for Teen Mental Health
Accessnewswireยท 2025-09-24 12:30
Innovative program marks a significant step forward in using cutting-edge Immersive technology to enhance therapeutic practices NEW YORK, NY / ACCESS Newswire / September 24, 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, along with its Immersive software company Foretell Reality and in collaboration with Montefio ...
The Glimpse Group Provides 3D Immersive Enterprise Services To A Leading Global Energy Technology Company
Accessnewswireยท 2025-09-22 12:30
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 ...
The Glimpse Group to Announce Fiscal Year 2025 Financial Results on Tuesday, September 30, 2025 at 8:30am Eastern Time
Accessnewswireยท 2025-09-19 12:30
NEW YORK, NY / ACCESS Newswire / September 19, 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, will release its financial results for fiscal year 2025 (ended June 30, 2025) before the market open on Tuesday, September 30, 2025. Management will host a conference call to discuss financial results, provide a corporate ...
zSpace and The Glimpse Group Partner to Transform Healthcare Education with Virtual Medical Assisting Skills Training
Globenewswireยท 2025-09-02 12:00
Core Insights - zSpace, Inc. has announced a strategic partnership with The Glimpse Group, Inc. to launch the Medical Assisting Skills Virtual Trainer aimed at expanding access to healthcare career pathways [1][3] - The new software application allows students to practice 33 essential clinical and administrative skills in a safe and engaging virtual environment, supporting Nursing and Allied Health programs [2][3] - The partnership addresses the critical shortage of healthcare workers by providing scalable, immersive solutions that equip students with hands-on skills necessary for high-demand careers [3][4] Company Overview - zSpace, Inc. specializes in augmented reality (AR) and AI-powered immersive learning experiences, serving K-12 STEM, K-12 CTE, post-secondary CTE, and workforce development programs [6] - The company has over 3,500 educational institutions as clients and holds more than 70 patents in immersive technology [6] - The Glimpse Group, Inc. is a diversified immersive technology platform company that provides enterprise-focused immersive tech, spatial computing, and AI software and services [5] Product Details - The Medical Assisting Skills Virtual Trainer is aligned with Certified Medical Assistant (AAMA) standards and offers unlimited practice opportunities for students [3] - The application is designed to support both classroom instruction and remote learning environments, helping students build confidence and reduce errors [2][3] - The software is now available to educational institutions across the U.S., with options for personalized demonstrations [4]
The Glimpse Group Provides Preliminary Unaudited Q4 Fiscal Year '25 Results: 100% Organic Revenue Growth ($3.5MM) And Positive EBITDA
Globenewswireยท 2025-07-15 09:00
Core Insights - The Glimpse Group, Inc. reported preliminary financial results for Q4 FY'25, indicating significant revenue growth driven by its Department of Defense contracts [1][4]. Financial Performance - Total revenues for Q4 FY'25 are expected to be approximately $3.50 million, marking a 100% increase from $1.73 million in Q4 FY'24 and a 150% increase from $1.42 million in Q3 FY'25 [2]. - Adjusted EBITDA for Q4 FY'25 was positive, contrasting with an Adjusted EBITDA loss of approximately -$1.1 million in Q4 FY'24 [2]. Cash Position - As of June 30, 2025, the company's cash and equivalents stood at approximately $6.85 million, with a clean capital structure that includes no debt, convertible debt, or preferred equity [3]. Business Commentary - The President & CEO highlighted that Q4 FY'25 revenue was the highest in over two years, driven entirely by organic growth from Spatial Core's contracts [4].
The Glimpse (VRAR) - 2025 Q3 - Earnings Call Transcript
2025-05-15 14:02
Financial Data and Key Metrics Changes - Q3 fiscal year 2025 revenue was approximately $1.4 million, a 25% decrease compared to $1.9 million in Q3 fiscal year 2024, primarily due to revenue recognition timing [9] - Gross margin for Q3 fiscal year 2025 was approximately 72%, up from 70% in Q3 fiscal year 2024, with expectations for future gross margins to be in the 65% to 75% range [10] - Net operating cash provided for operations in Q3 fiscal year 2025 was a positive cash gain of approximately $130,000, compared to a net operating cash loss of approximately $920,000 in Q3 fiscal year 2024 [11] - The company's cash and equivalents position as of March 31, 2025, was approximately $7 million, with no debt or convertible debt [12] Business Line Data and Key Metrics Changes - SpatialCore, led by BrightLine Interactive, is a significant growth driver, with a $4 million Department of Defense contract expected to be delivered [6] - Hotel Reality entered into several contracts for its AI-driven immersive training product, while Sector Five Digital secured follow-on agreements with major companies [7] - Glimpsed Lens's Snap revenues grew significantly from the prior quarter, and Glimps Learning entered into multiple software license contracts in healthcare and education [8] Market Data and Key Metrics Changes - The U.S. government's continuing resolution and lack of a federal budget for 2025 have delayed potential awards for multiple government and DoD opportunities, but the company remains well-positioned for future contracts [7] Company Strategy and Development Direction - The company is focused on leveraging its SpatialCore technology to capitalize on immersive opportunities, with a strong emphasis on cost control and operational efficiency [5][13] - The company may utilize its $2 million common share buyback plan to protect its stock value if circumstances warrant [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming quarter, expecting it to be the highest revenue quarter in the past two fiscal years, driven by strong demand in the enterprise segment [4] - The company anticipates a revenue range of $10 million to $11 million for fiscal year 2025, representing a 15% to 25% increase despite divestments [10] Other Important Information - The company has maintained a clean capital structure with no debt, convertible debt, or preferred equity, positioning itself for future growth [12] Q&A Session Summary - There were no questions from the phone lines during the Q&A session, and the management thanked participants for their interest and support [16][17]
The Glimpse (VRAR) - 2025 Q3 - Earnings Call Transcript
2025-05-15 14:00
Financial Data and Key Metrics Changes - Q3 fiscal year 2025 revenue was approximately $1.4 million, a 25% decrease compared to $1.9 million in Q3 fiscal year 2024, primarily due to revenue recognition timing [9] - Gross margin for Q3 fiscal year 2025 was approximately 72%, up from 70% in Q3 fiscal year 2024, with expectations for future gross margins to be in the 65% to 75% range [10] - Net operating cash provided for operations in Q3 fiscal year 2025 was approximately $130,000, a significant improvement from a net operating cash loss of approximately $920,000 in Q3 fiscal year 2024 [11] - The company expects Q4 fiscal year 2025 revenues to be in the range of $3.2 million to $3.8 million, indicating a profitable quarter [10] Business Line Data and Key Metrics Changes - SpatialCore, led by BrightLine Interactive, is a key growth driver, with a $4 million Department of Defense contract expected to be delivered this month [6] - Hotel Reality has entered into several contracts for its AI-driven immersive training product, while Sector Five Digital has secured follow-on agreements with major companies [7] - Glimpsed Lens's Snap revenues grew significantly from the prior quarter, and Glimps Learning entered into multiple software license contracts in healthcare and education [8] Market Data and Key Metrics Changes - The US government's continuing resolution and lack of a federal budget for 2025 have delayed potential awards for multiple government and DoD opportunities, but the company remains well-positioned for future contracts [7] - Despite a strong pipeline of revenues across various business segments, there is a disconnect between the company's intrinsic value and its current public valuation [8] Company Strategy and Development Direction - The company is focused on capitalizing on immersive opportunities, with a solid balance sheet and profitable operations [13] - The strategic emphasis on SpatialCore and AI-driven solutions is expected to drive future growth [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming quarter, anticipating it may be the highest revenue quarter in the past two fiscal years [4] - The company is positioned to confirm additional seven-figure Special Core opportunities in the coming months [7] - Management acknowledged the need for patience as SpatialCore continues to develop [13] Other Important Information - The company maintains a clean capital structure with no debt, convertible debt, or preferred equity, and had approximately $7 million in cash and equivalents as of March 31, 2025 [12] Q&A Session Summary - There were no questions from the phone lines or written questions during the Q&A session, and the call concluded without addressing any inquiries [16][17]