The Glimpse (US:VRAR)2024-11-15 00:55Company Overview - The Glimpse Group is a diversified Immersive Technology software and services company, targeting a potential trillion-dollar market[8, 11] - The company operates multiple immersive tech entities, each focused on a different industry vertical[8] - Glimpse Group expects to be cash flow positive this quarter and onwards[8] - The company has a clean capital structure with no preferred equity issued and no outstanding debt, but a valuation disconnect at approximately $12 million Market Cap[8] Spatial Core Traction - Spatial Core has a $4 million+ 12-month contract with a DoD entity for a Spatial Computing ecosystem[19] - The company has an extended partnership with a Fortune 500 Government Systems Integrator (GSI) for VR Training in Digital Twin Environments to a key U S government agency with over 45,000 employees on a mid six figure contract[20] - Short-term aggregate value for potential Spatial Core contracts with Government, DoD and large enterprise customers is in the $5-10 million range[22] Financial Performance - The company had $13.48 million in recognized revenue in FY'24[26] - Glimpse Group projects significantly higher reported revenues in the upcoming quarters[42] - As of September 30, 2024, the company had approximately $1.4 million in cash and equivalents[41]