The Glimpse Group

The Glimpse Group, Inc. is a technology development company which provides virtual reality and augmented reality services. The company was founded by Lyron L. Bentovim, Maydan Rothblum and David J. Smith on June 15, 2016 and is headquartered in New York, NY.

Earnings data Q1 2022

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Glimpse Group reports strong Q1 revenue growth and strategic repositioning

VRAR (VRAR) Q1 2023 showcased robust revenue growth and strategic initiatives aimed at repositioning the company for long-term success. While the company faces challenges in achieving cash flow neutrality, its strong partnerships and focus on immersive enterprise software present opportunities for future growth and market leadership.

The Glimpse Group reports strong revenue growth and operational improvements

The Glimpse Group's Q2 2023 performance reflects robust revenue growth and successful integration of acquisitions, despite an EBITDA loss.
Operational efficiency improvements and innovative initiatives position the company well for future growth and market expansion.
Challenges in achieving cash flow neutrality and balancing profitability with investments in technology highlight areas for strategic focus.
With a strong cash position and a focus on long-term value creation, the company is poised to capitalize on opportunities in the VR/AR market.

Glimpse Group reports strong revenue growth and strategic initiatives

The Glimpse Group demonstrated robust revenue growth in Q3 2023, driven by new contracts and a strategic focus on immersive technology software platforms. While facing an EBITDA loss, the company's strong cash position of $8.3 million provides stability. Glimpse Group's emphasis on cloud-based solutions and cost management will be crucial for future success.

Glimpse Group reports robust revenue growth and strategic operational shifts

The Glimpse Group's fiscal year 2023 showcased strong revenue growth and strategic shifts towards immersive enterprise software.
While facing an EBITDA loss, the company's focus on operational efficiency and future profitability bodes well for long-term success.
With a solid cash position, Glimpse is poised to capitalize on industry developments and growth opportunities in the immersive technology sector.

The Glimpse Group reports mixed Q1 results, eyes rebound in Q3

The Glimpse Group's Q1 FY '24 performance showed revenue growth sequentially but a decline year-over-year, with a focus on cost optimization and balance sheet strength.
Despite near-term revenue challenges, the company's strategic focus on spatial computing and immersive software solutions presents growth opportunities.
Maintaining a strong cash position, reducing costs, and exploring strategic realignment indicate a proactive approach to navigating market dynamics.

The Glimpse Group focuses on immersive enterprise growth amid revenue decline

The Glimpse Group's Q2 FY24 performance reflects strategic realignment towards immersive enterprise solutions, with revenue decline offset by cost reduction efforts. Strong progress on Spatial Core initiative and emphasis on cloud computing highlight growth potential. Challenges include revenue decline and the need to achieve operational cash breakeven, while opportunities lie in expanding contracts and industry scalability.

The Glimpse Group shifts focus to enterprise solutions, eyes growth

The Glimpse Group is strategically transitioning to enterprise-scale spatial computing solutions, with a focus on securing significant government and enterprise contracts.
While facing short-term revenue decline and operational challenges, the company's strong gross margins and cost reduction efforts position it for future profitability.
Anticipated growth in annual recurring software revenue and the potential to achieve cash flow positivity by September 2024 signal a positive outlook for The Glimpse Group.

The Glimpse Group transitions to Spatial Core, eyes revenue growth

The Glimpse Group's shift to Spatial Core solutions and lucrative contracts signal growth potential despite revenue decline.
Financial challenges include NASDAQ non-compliance and revenue decrease, offset by positive cash flow projections and strong contract pipeline.
Strategic exploration, operational efficiency, and market positioning are key focus areas for future growth and shareholder value maximization.

The Glimpse Group sees revenue growth amidst profitability challenges

The Glimpse Group's Q1 FY '25 performance reflects revenue growth and operational improvements, albeit with profitability challenges.
Strengths lie in securing high-value contracts, progress in emerging tech sectors, and strategic divestment for operational efficiency.
Challenges include market perception issues, revenue decline, and ongoing profitability concerns, while opportunities exist in strategic alignment and revenue growth.

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The Glimpse Group, Inc. is a technology development company, which engages in the provision of virtual and augmented reality, and spatial computing software and services. The company was founded by Lyron L. Bentovim, Maydan Rothblum, and David J. Smith on June 15, 2016 and is headquartered in New York, NY.

NEW YORK, NY / ACCESSWIRE / December 24, 2024 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, today announced that it received written notice (the "Compliance Notice") from Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. About The Glimpse Group, Inc. The Glimpse Group (NASDAQ:VRAR) is a diversified Immersive technology platform company, providing enterprise-focused Virtual Reality, Augmented Reality and Spatial Computing software & services.

The Glimpse Group Regains Compliance with NASDAQ

NEW YORK, NY / ACCESSWIRE / December 23, 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, today announced that it entered into an registered direct public offering with one institutional investor. The offering consisted of the sale of 2.75 million shares of common stock and/or pre-funded warrants, for aggregate gross proceeds of approximately $7.29 million at a price of $2.65 per share.

The Glimpse Group Announces the Closing of a $7.29 Million Registered Direct Offering; Proceeds to Accelerate Spatial Computing, AI and Immersive Capabilities and Support Customer Contracts Traction

NEW YORK, NY / ACCESSWIRE / December 23, 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, today announced that its subsidiary company Brightline Interactive, LLC ("BLI") successfully delivered a paid for advanced immersive simulation through its cutting-edge middleware platform - SpatialCore - to a large government services integrator ("GSI"). Leveraging the power of SpatialCore's spatial computing and AI platform, BLI was able to create a sophisticated spatial simulation in record time, setting what we believe has the potential to become a new industry standard.

Brightline Interactive Successfully Delivers A Scalable Immersive Simulation To A Global Government Service Integrator, Positioning Itself As A Leading Operating System For Processing And Visualizing Complex Information In 3D Space

NEW YORK, NY / ACCESSWIRE / December 19, 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, today announced that its subsidiary company Brightline Interactive, LLC ("BLI") has entered into an initial six figure dollar contract with the U.S. Navy for an Immersive Simulator, to be delivered in the first half of 2025. Tyler Gates, General Manager of BLI and Chief Futurist of Glimpse, commented: "Powered by BLI's cutting-edge spatial computing platform ("SpatialCore"), we have created a game-changing technology that pushes the boundaries of what's possible via the integration of AI and Spatial Computing.

Brightline Interactive Enters into an Agreement with the U.S. Navy for an Immersive, AI-Driven Simulator System

2024 Marked by Strategic Repositioning to Spatial Core AI and Cloud Based Revenues, Significant DoD Contracts, and Positioning Toward Revenue Growth and Profitability NEW YORK, NY / ACCESSWIRE / December 17, 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, today issued a letter to shareholders from its President & CEO, Lyron Bentovim, summarizing key Glimpse developments for Calendar Year 2024. Dear Shareholders: 2024 was a transformational year for Glimpse, in which we made significant strides in our strategic transition to focus on providing enterprise-scale Spatial Computing, Cloud and AI driven Immersive middleware software and solutions ("Spatial Core") - led by our subsidiary company Brightline Interactive.

The Glimpse Group Issues 2024 Year End Shareholder Letter Highlighting Spatial Core Market Traction and Expected Profitability

NEW YORK CITY, NY / ACCESSWIRE / November 22, 2024 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, today announced that it was selected to the 2024 Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Glimpse was ranked as the 197th highest growth company.

The Glimpse Group Named to the 2024 Deloitte Technology Fast 500(TM) North America List

The Glimpse Group, Inc. (NASDAQ:VRAR ) Q1 2025 Earnings Conference Call November 14, 2024 5:00 PM ET Company Participants Lyron Bentovim – President and Chief Executive Officer Maydan Rothblum – Chief Financial Officer and Chief Operating Officer Conference Call Participants Casey Ryan – WestPark Capital Operator Welcome to The Glimpse Group's First Quarter Fiscal Year 2025 Financial Results Webinar. At this time all participants are in a listen-only mode.

The Glimpse Group, Inc. (VRAR) Q1 2025 Earnings Call Transcript

NEW YORK, NY / ACCESSWIRE / November 14, 2024 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), 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 first quarter fiscal year 2025 year, ended September 30, 2024 ("Q1 FY '25"). Business Commentary by President & CEO Lyron Bentovim Financial Summary: Q1 FY '25 revenue of approximately $2.44 million, reflecting: a) 44% increase compared to Q4 FY '24 (ending June 30, 2024) revenue of approximately $1.7 million.

The Glimpse Group Reports Q1 Fiscal Year 2025 Financial Results

NEW YORK, NY / ACCESSWIRE / November 12, 2024 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), a diversified Immersive technology platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, will release its financial results for Q1 fiscal year 2025 (ended September 30, 2024) after the market close on Thursday, November 14, 2024. Management will host a conference call to discuss financial results, provide a corporate update, and conclude with a Q&A session.

The Glimpse Group to Announce Q1 Fiscal Year 2025 Financial Results on Thursday, November 14, 2024 at 4:30 p.m. Eastern Time

NEW YORK, NY / ACCESSWIRE / October 11, 2024 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), a diversified Immersive Technology platform company providing enterprise-focused Spatial Computing, Virtual Reality ("VR"), Augmented Reality ("AR") software and services, announced today that it will be participating in the MicroCap Rodeo Fall Conference which will be held on Wednesday, October 16, 2024, in New York City. Glimpse's President & CEO, Lyron Bentovim, will present at 1:00pm ET on Wednesday, October 16, 2024 and will be webcast live - https://www.webcaster4.com/Webcast/Page/3068/51451.

The Glimpse Group, Inc. to Present at the MicroCap Rodeo Fall 2024 Conference

NEW YORK, NY / ACCESSWIRE / October 3, 2024 / The Glimpse Group, Inc. (NASDAQ:VRAR) (Glimpse") a diversified Immersive Technology platform company providing enterprise-focused Extended Reality ("XR") and Spatial Computing software and services, announced today that its wholly owned subsidiary company - Foretell Reality - entered into a potential six figure development and commercialization partnership extension with Nova Southeastern University ("NSU") to collaboratively develop a simulation and assessment platform that enables learners to practice various professional skills (e.g., negotiation practice, client management, audit interviews, human resource counseling), through conversation and interaction with AI-powered characters in immersive settings leveraging Virtual Reality ("VR") and AI technologies.

Foretell Reality Extends Partnership With Nova Southeastern University For An AI Based Immersive Training System

The Glimpse Group, Inc. (NASDAQ:VRAR ) Q4 2024 Earnings Conference Call September 30, 2024 4:30 PM ET Company Participants Lyron Bentovim - President & Chief Executive Officer Maydan Rothblum - Chief Financial Officer & Chief Operating Officer Conference Call Participants Casey Ryan - Westpark Operator Welcome to The Glimpse Group Fiscal Year 2024 Financial Results Webinar. Webinar. At this time, all participants are in a listen-only mode.

The Glimpse Group, Inc. (VRAR) Q4 2024 Earnings Call Transcript

Transition to Spatial Core AI and Cloud Driven Revenues Gaining Traction Expect Significantly Higher Revenue In The Upcoming Quarters Expect to Be Cash Flow Positive In The Upcoming Quarters Based on Signed Contracts Alone Extreme Valuation Disconnect A Catalyst For Strategic Review To Maximize Shareholder Value NEW YORK, NY / ACCESSWIRE / September 30, 2024 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), 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 fiscal year ended June 30, 2024 ("FY'24"). Business Commentary by President & CEO Lyron Bentovim Strategic Summary: Spatial Core: As discussed in previous releases, in FY '24 we strategically transitioned the Company to primarily focus its development resources on providing enterprise-scale Spatial Computing, Cloud and AI driven Immersive recurring software solutions - "Spatial Core" - led by Brightline Interactive ("BLI").

The Glimpse Group Reports Fiscal Year 2024 Financial Results

NEW YORK, NY / ACCESSWIRE / September 24, 2024 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR) a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, announced today that it entered into a two year, mid-six figure contract with the College of Staten Island CUNY ("CSI") Technology Incubator for the design, deployment and integration of a suite of immersive technologies in its new Innovation Hub. CSI was awarded funding from New York State and Empire State Development to establish a state-of-the-art Virtual and Augmented Reality (VR/AR) Lab as part of New York State's Downtown Revitalization Initiative.

The Glimpse Group Partners With The College Of Staten Island (CUNY) To Provide Immersive Technologies For Its Innovation Hub

NEW YORK, NY / ACCESSWIRE / September 20, 2024 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), a diversified Immersive technology platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, will release financial results for its fiscal year 2024 (ended June 30, 2024) after the market close on Monday, September 30, 2024. Management will host a conference call to discuss financial results, provide a corporate update, and conclude with a Q&A session.

The Glimpse Group to Announce Fiscal Year 2024 Financial Results on Monday, September 30, 2024 at 4:30 p.m. Eastern Time

Brightline to develop, assess and improve workflows to create and augment synthetic imagery for use in training and assessing artificial intelligence (AI) and machine learning (ML) algorithms NEW YORK, NY / ACCESSWIRE / September 10, 2024 / Brightline Interactive ("Brightline"), a wholly owned subsidiary of The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), and a leader in Spatial Computing and AI integration announced the signing of a Cooperative Research and Development Agreement ("CRADA") with the United States Army Combat Capabilities Development Command ("DEVCOM"), Command, Control, Communication, Computers, Cyber, Intelligence, Surveillance and Reconnaissance ("C5ISR") Center. The CRADA is for Brightline to develop, assess and improve workflows to create and augment synthetic imagery for use in training and assessing artificial intelligence ("AI") and machine learning ("ML") algorithms.

Brightline Interactive Enters Into A Cooperative Research And Development Agreement (CRADA) With The United States Army Combat Capabilities Development Command (DEVCOM), Command, Control, Communication, Computers, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) Center

Partnership is Part Of The GSI's Ten Year $1.7 Billion U.S. Government Agency Contract NEW YORK, NY / ACCESSWIRE / August 22, 2024 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, today announced that its subsidiary company Brightline Interactive, LLC ("BLI") has received a mid six figure dollar contract modification from a top government systems integrator ("GSI") to continue providing VR training to a key U.S. government agency with over 45,000 employees ("Customer"). In partnership with the GSI, which is a Fortune 500 defense, aviation, information technology, and biomedical research company, BLI has supported the Customer since July 2021, bringing expertise in immersive training, and VR development.

Brightline Interactive Extends Partnership With A Large Government Systems Integrator (GSI) For Virtual Reality Training In Digital Twin Environments

Webinar to be held on Wednesday, August 28, 2024 at 4:30pm ET NEW YORK CITY, NY / ACCESSWIRE / August 21, 2024 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), a diversified Immersive technology platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, today announced it will host an investor webinar on the topic of: "The Intersection of Artificial Intelligence ("AI") and Spatial Computing, Bringing the Power of AI into the 3D world" and its impact on Glimpse's growth initiatives. The webinar will be hosted by Tyler Gates, General Manager of Brightline Interactive (Glimpse subsidiary company) and Chief Futurist of Glimpse, and Lyron Bentovim, President & CEO of Glimpse.

The Glimpse Group To Host An Investor Webinar Discussing The Intersection of AI and Spatial Computing, Bringing the Power of AI into the 3D World

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].

Glimpse Group, Inc. (VRAR) Q3 2024 Earnings Call Transcript

NEW YORK, NY / ACCESSWIRE / 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, we announced that our subsidiary company, Brightline Interactive ("BLI"), entered into a $4MM+, 12-month contract with a Department of Defense ("DoD") entity for a Spatial Computing ecosystem, integrating AI workflows and accelerated compute for a variety of defense use-cases.

The Glimpse Group Reports Q3 Fiscal Year 2024 Financial Results

Brightline Interactive To Provide A Spatial Computing Ecosystem, Integrating AI Workflows and Accelerated Compute For A Variety of Defense Use-Cases NEW YORK, NY / ACCESSWIRE / May 15, 2024 / Brightline Interactive ("BLI"), a wholly owned subsidiary of The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR)(FSE:9DR), announced today that it has entered into a one year task order contract in excess of $4 million with a Department of Defense ("DoD") entity to provide a spatial computing ecosystem enabling the integration of AI workflows and accelerated compute for a variety of defense use-cases. The ecosystem empowers enterprise and public sector users to combine massive datasets and perform complex calculations.

Brightline Interactive Enters into a $4+ Million Contract With A Department Of Defense Entity

NEW YORK, NY / ACCESSWIRE / May 8, 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, will release financial results for its third quarter fiscal year 2024 (ended March 31, 2024) after the market close on Wednesday, May 15, 2024. Management will host a conference call to discuss financial results, provide a corporate update, and conclude with a Q&A session.

The Glimpse Group to Announce Q3 Fiscal Year 2024 Financial Results On Wednesday, May 15, 2024 at 4:30 p.m. Eastern Time

Veteran Technology Executive Brings Strong Growth and Organizational Experience NEW YORK, NY / ACCESSWIRE / April 30, 2024 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR)(FSE:9DR), a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality, Augmented Reality and Spatial Computing software and services, has appointed Dr. Tamar Elkeles to its Board as an independent director effective April 29, 2024. Dr. Elkeles has nearly 30 years of experience in the high technology industry.

The Glimpse Group Appoints Dr. Tamar Elkeles to its Board of Directors

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