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.

The Glimpse Group, Inc. (VRAR) CEO Lyron Bentovim on Q2 2022 Results - Earnings Call Transcript

6 Month Revenue Grows to a Record $2.71 million a 78% Increase Year-over-Year, with Core Software & Services Revenue Growing 166% Year-over-Year Fiscal Second Quarter Revenue Grows to a Record $1.69 million NEW YORK, NY / ACCESSWIRE / February 14, 2022 / The Glimpse Group, Inc. (NASDAQ:VRAR)(FSE:9DR) ("Glimpse," "The Glimpse Group" or the "Company"), a diversified Virtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services solutions, announced financial results for its fiscal second quarter ended December 31, 2021 ("Q2 FY '22"). Management Commentary by President & CEO Lyron Bentovim Glimpse's Q2 FY ‘22 and 1H FY '22 were highlighted by: Entered into a definitive agreement to acquire Sector 5 Digital ("S5D"), the largest Glimpse acquisition to date.

The Glimpse Group Reports Record Fiscal Second Quarter 2022 Financial Results

The Commercial Results of The AR campaign Led To Significant Consumer Interactions With The Presented 3D Products And A Marked Increase in Year-over-Year Sales NEW YORK, NY / ACCESSWIRE / February 7, 2022 / QReal (https://www.qreal.io/), a wholly owned subsidiary of The Glimpse Group, Inc. (NASDAQ:VRAR)(FSE:9DR), and a provider of hyper-realistic, Augmented Reality (AR), 3D digital content targeting, among others, the e-Commerce, Retail, Food & Hospitality, Branding, Apparel, Luxury, Automotive and Construction industries today announced that its AR campaigns in collaboration with Bollè and M7 Innovations won the Best Use of Technology in the Modern Retail Awards 2021. Link to Video: https://player.vimeo.com/video/673990931 The Modern Retail Awards recognize the companies and campaigns modernizing retail in the digital age.

QReal, in collaboration with Bollè and M7 Innovations, Wins Best Use of Technology in the Modern Retail Awards 2021 for Augmented Reality Campaigns

Accretive Acquisition Expected to Approximately Double Glimpse's Annual Revenues NEW YORK, NY / ACCESSWIRE / February 1, 2022 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR)(FSE:9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") platform company providing enterprise-focused VR and AR software and services solutions, today announced the closing of its acquisition of Sector 5 Digital ("S5D"), a leading immersive technology company. S5D (www.sector5digital.com) is an award-winning, enterprise focused, immersive technology company that combines brilliant storytelling with emerging technologies for industry leading organizations.

The Glimpse Group Closes Acquisition of Sector 5 Digital

NEW YORK, NY / ACCESSWIRE / January 31, 2022 / The Glimpse Group, Inc. (NASDAQ:VRAR)(FSE:9DR) ("Glimpse" or the "Company"), a diversified Virtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services solutions will release financial results for its Fiscal Second Quarter 2022 (ended December 31, 2021) after the market close on Monday, February 14, 2022. 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 Its Fiscal Second Quarter 2022 Financial Results on Monday, February 14 at 4:30 p.m. Eastern Time

Glimpse Medal NFT Can Be Utilized Across All Augmented and Virtual Reality Platforms NEW YORK, NY / ACCESSWIRE / January 20, 2022 / The Glimpse Group, Inc. (NASDAQ:VRAR)(FSE:9DR) ("Glimpse" or the "Company"), a diversified Virtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services solutions today announced the creation of a limited edition 3D collectible Glimpse Medal Non-Fungible Token ("Glimpse Medal NFT"), demonstrating its advanced capabilities and commitment to Web3, NFTs and the metaverse. We believe that The Glimpse Medal is one of the first fully "metaverse-ready" NFTs which can seamlessly and easily be used across all augmented and virtual reality platforms - from AR on a mobile phone, to a 2D website on a computer, to a VR headset and brought into all existing (and future) NFT based virtual worlds such as Decentraland, CryptoVoxels, and The Sandbox.

The Glimpse Group Creates a Fully Deployable Metaverse NFT

Veteran Tech CFO Brings Strong Growth and Scaling Financial Experience NEW YORK, NY / ACCESSWIRE / January 18, 2022 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR)(FSE:9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") platform company providing enterprise-focused VR and AR software and services solutions, has appointed Ian Charles as an independent director and Chair of the Company's Audit Committee. Ian Charles is a strategic CFO with nearly 25 years of executive leadership experience in technology, public markets, mergers and acquisitions, and multinational operations.

The Glimpse Group Appoints Ian Charles to its Board of Directors

CY'21 Marked by Nasdaq IPO, Strong Organic Revenue Growth, Strategic Acquisitions, Significant Customer Traction, Fortified Balance Sheet and the Recognition of the Metaverse NEW YORK, NY / ACCESSWIRE / December 27, 2021 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR)(FSE:9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") platform company providing enterprise-focused VR and AR software and services solutions, today issued a letter to shareholders from its President & CEO, Lyron Bentovim, summarizing key Glimpse developments for Calendar Year ("CY") '21. Dear Shareholders: Reflecting on CY ‘21, there is much to look back on with a sense of pride and accomplishment, highlighted by our Nasdaq IPO on July 1, 2021, tier-1 customer engagements, strong organic revenue growth, strategic acquisitions and a follow-on investment.

The Glimpse Group Issues CY'21 Summary Shareholder Letter

The Glimpse group offers a well-diversified approach to gain exposure to the VR and AR industry. Recent emphasis on the Metaverse has given Glimpse some well-deserved attention, but the holdings company goes much further than that.

The Glimpse Group: Ride The Metaverse Wave With This Overlooked Micro-Cap

Pivotal Acquisition Approximately Doubles Glimpse's Annual Revenue Base, Strengthens Operating Foundation, and Deepens Executive Management and Board of Directors NEW YORK, NY / ACCESSWIRE / December 2, 2021 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR),(FSE:9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") platform company providing enterprise-focused VR and AR software and services solutions, today announced that it has entered into a definitive agreement to purchase Sector 5 Digital ("S5D"), a leading immersive technology company. S5D (www.sector5digital.com) is an award-winning, enterprise focused, immersive technology company that combines brilliant storytelling with emerging technologies for industry leading organizations.

The Glimpse Group Acquires Leading Immersive Technology Company Sector 5 Digital

Immersive Health Group, a Glimpse Group Company, to Implement Virtual Reality Training Simulations to Transform Maternal Healthcare in Underserved Populations NEW YORK, NY / ACCESSWIRE / November 30, 2021 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR)(FSE:9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") platform company providing enterprise-focused VR and AR software and services solutions, today announced that its wholly-owned VR clinical training solutions subsidiary company - Immersive Health Group ("IHG") - has entered into a 5-year software and services contract with Boston Medical Center ("BMC") to develop and implement VR experiences where primary care physicians will learn and practice decision-making and problem-solving skills to respond to maternal health emergencies in rural and underserved settings. BMC, the largest safety net health system in New England, conducts more than one million patient visits each year.

Immersive Health Group Selected by Boston Medical Center to Deliver Virtual Reality Training for Maternal Health

NEW YORK, NY / ACCESSWIRE / November 29, 2021 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR) (FSE:9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") platform company providing enterprise-focused VR and AR software and services solutions, today announced that its management will participate in The Benchmark Company 10th Annual Discovery One-on-One Investor Conference being held virtually on Thursday, December 2, 2021. Link to Video: https://player.vimeo.com/video/637553354 The Benchmark Company 10th Annual Discovery Investor Conference Date: Thursday, December 2, 2021Available for One-on-One Meetings Glimpse's management is scheduled to host several virtual one-on-one meetings with institutional investors throughout the day of the conference.

The Glimpse Group to Participate in The Benchmark Company 10th Annual Discovery Conference on December 2, 2021

This press release serves to correct a previous headline Glimpse Issued a New U.S. Patent For Presenting a Simulated Reality Experience in a Preset Location NEW YORK, NY / ACCESSWIRE / November 22, 2021 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR)(FSE:9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") platform company providing enterprise-focused VR and AR software and services solutions, today announced that it has been issued U.S. Patent number 11189097 ("Patent") for presenting a Simulated Reality Experience in a Preset Location. Liron Lerman, General Manager of Glimpse's subsidiary PostReality (www.postreality.io) and one of the Patent's inventors, commented: "We believe this to be a wide patent, covering potentially mainstream AR commercial applications.

CORRECTION:The Glimpse Group Issued Its 5th Virtual and Augmented Reality U.S. Patent

Glimpse Issued a New U.S. Patent For Presenting a Simulated Reality Experience in a Preset Location NEW YORK, NY / ACCESSWIRE / November 22, 2021 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR)(FSE:9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") platform company providing enterprise-focused VR and AR software and services solutions, today announced that it has been issued U.S. Patent number 11189097 ("Patent") for presenting a Simulated Reality Experience in a Preset Location. Liron Lerman, General Manager of Glimpse's subsidiary PostReality (www.postreality.io) and one of the Patent's inventors, commented: "We believe this to be a wide patent, covering potentially mainstream AR commercial applications.

The Glimpse Group Issued Its 5th Virtual and Augmented Reality

NEW YORK, NY / ACCESSWIRE / November 17, 2021 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR)(FSE:9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") platform company providing enterprise-focused VR and AR software and services solutions, today announced that it has entered into a Master Services Agreement and Statement of Work with a leading global social media and metaverse company for a $1.0 million augmented reality software and services contract, which is expected to be delivered over the coming months. About The Glimpse Group The Glimpse Group (NASDAQ:VRAR)(FSE:9DR) is a diversified Virtual and Augmented Reality platform company, comprised of multiple VR and AR software and services companies, and designed with the specific purpose of cultivating companies in the emerging VR/AR industry.

The Glimpse Group Announces Augmented Reality Software and Services Agreement with Leading Global Social Media Company

The Glimpse Group's (VRAR) CEO Lyron Bentovim on Q1 2022 Results - Earnings Call Transcript

Fiscal First Quarter Revenues Grew 292%; Core Software & Services Revenue Grew 514% NEW YORK, NY / ACCESSWIRE / November 15, 2021 / The Glimpse Group, Inc. (NASDAQ:VRAR) (FSE:9DR) ("Glimpse," "The Glimpse Group" or the "Company"), a diversifiedVirtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services solutions, announced financial results for its fiscal first quarter ended September 30, 2021 ("FYQ1 ‘22"). Management Commentary by President & CEO Lyron Bentovim During our first three months as a Nasdaq listed public company, we demonstrated remarkable progress, highlighted by strong revenue growth, additional strategic acquisitions, establishment of key partnerships, and the fortification of our balance sheet.

The Glimpse Group Reports Fiscal First Quarter 2022 Financial Results

NEW YORK and TEL AVIV, Israel, Nov. 10, 2021 /PRNewswire/ --  D-ID, a world leader in AI-driven creative media, and The Glimpse Group, Inc. ("Glimpse") (NASDAQ: VRAR) (FSE: 9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") platform company providing enterprise-focused VR and AR software and services solutions, today announced a partnership to collaborate on multiple AI/VR/AR products that breathe life into the Metaverse. Combining aspects of AI, AR, VR, social media, online gaming, and other services, the Metaverse is a rapidly emerging space that adds a third dimension to the internet and makes it accessible in a richer, more seamless way.

The Glimpse Group and D-ID Partner to Bring Life to the Metaverse with AI, VR & AR

NEW YORK, NY / ACCESSWIRE / November 8, 2021 / The Glimpse Group, Inc. (NASDAQ:VRAR)(FSE:9DR) ("Glimpse" or the "Company"), a diversified Virtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services solutions will release financial results for its Fiscal First Quarter 2022 (ended September 30, 2021) after the market close on Monday, November 15, 2021. 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 First Quarter 2022 Financial Results on Monday, November 15 at 4:30 p.m. Eastern Time

NEW YORK, NY / ACCESSWIRE / October 29, 2021 / The Glimpse Group, Inc. (NASDAQ:VRAR) (FSE:9DR) ("Glimpse" or the "Company"), a diversified Virtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services solutions today announced that it entered into a securities purchase agreement with certain institutional investors to purchase $15.0 million worth of its common stock and warrants in a private placement. Under the terms of the securities purchase agreement, the Company sold 1,500,000 shares of its common stock and warrants to purchase 750,000 shares of common stock.

The Glimpse Group Announces a $15.0 Million Private Placement Financing with Institutional Investors

NEW YORK, NY / ACCESSWIRE / October 28, 2021 / The Glimpse Group, Inc. (NASDAQ:VRAR)(FSE:9DR) ("Glimpse" or the "Company"), a diversified Virtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services solutions announced that it has been listed on the Frankfurt Stock Exchange (the "FSE") under the trading symbol "9DR". The FSE is not only the largest of the eight stock exchanges in Germany, but is also considered one of the world's largest trading centers for securities.

The Glimpse Group Announces Public Listing On The Frankfurt Stock Exchange

Virtual and Augmented Reality Games and Tools Transform Hospital Experience for Seriously Ill, Isolated Kids NEW YORK, NY / ACCESSWIRE / October 26, 2021 / Foretell Reality, a wholly owned subsidiary of The Glimpse Group, Inc. (NASDAQ:VRAR)("Glimpse"), and a provider of social Virtual Reality (VR) multi-person spaces, and GameChanger Charity today announced a partnership to deliver Virtual Reality (VR) and Augmented Reality (AR) games and tools to leading pediatric facilities through the GameChanger Private Network, helping to transform the hospital experience for seriously ill and isolated children. Backed by an impactful Board of Directors that includes: Amazon Web Services VP of Healthcare Dave Levy, Twitch Founder and CEO Emmett Shear, Microsoft Xbox CFO Tim Stuart, Reddit CEO Steve Huffman and YouTube VP of Content Malik Ducard, GameChanger Charity develops the technology and content offerings of its GameChanger Private Network.

Fortell Reality and GameChanger Charity to Deliver Virtual Reality Therapy to Hospitalized Children

Q1 FY 2022 Revenues of approximately $1.0 Million; Representing Year-over-Year Growth of approximately 300%; Core Software & Services Growth of approximately 500% NEW YORK, NY / ACCESSWIRE / October 14, 2021 / The Glimpse Group, Inc. (NASDAQ:VRAR) ("Glimpse" or the "Company"), a diversified Virtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services solutions, provided preliminary revenue results for its 2022 Fiscal Year first quarter ("Q1 FY ‘22"). Preliminary Q1 FY '22 Results (ending September 30, 2021) The Company expects total revenues for Q1 FY ‘22 of approximately $1.0 million, representing a significant year-over-year increase of approximately 300% compared to revenues of approximately $0.26 million in Q1 FY ‘21.

The Glimpse Group Provides Preliminary Unaudited Q1 Fiscal Year 2022 Strong Revenue Growth Results

NEW YORK, NY / ACCESSWIRE / October 5, 2021 / QReal (www.qreal.io), a wholly owned subsidiary of The Glimpse Group, Inc. (NASDAQ:VRAR; "Glimpse"), and a provider of hyper-realistic, Augmented Reality (AR), 3D digital content targeting, among others, the e-Commerce, Retail, Food & Hospitality, Branding, Apparel, Luxury, Automotive and Construction industries, today announced the hire of Ege Islekel as Creative Manager. Mr. Islekel began his Facebook Spark AR Experience design work in early 2018 after completing his master's degree at Scuola Politecnica di Design in Milano.

QReal Hires Leading Instagram Enterprise Augmented Reality Experience Designer, Ege Islekel, as Creative Manager

President & CEO, Lyron Bentovim, Featured as Keynote Speaker, to Discuss "How the Metaverse will Transform Business" NEW YORK, NY / ACCESSWIRE / October 1, 2021 / The Glimpse Group, Inc. (NASDAQ:VRAR) ("Glimpse" or the "Company"), a diversified Virtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services solutions announced that management will present at the LD Micro Main Event investor conference taking place October 12-14, 2021 in-person at the Luxe Sunset Bel Air in Los Angeles, California. President and Chief Executive Officer, Lyron Bentovim, will present during the conference and will give a keynote presentation on the topic of "How the Metaverse will Transform Business" as follows, as well as participate in one-on-one investor meetings throughout the day.

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