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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Earnings data Q2 2025

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.

AI Powered AR Virtual Try-On Technology is Transforming the Beauty Industry and Driving V-Commerce, Enabling Customers to Test Different Products and Provide More Accurate Recommendations in Real-Time, Boosting Online Sales, Significantly Improving Engagement and Optimizing User Experience NEW YORK, NY / ACCESSWIRE / February 21, 2023 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR)(FSE:9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") company providing enterprise focused immersive technology software and services solutions, announced today that its subsidiary company, PulpoAR, has integrated internally developed core Artificial intelligence (AI) based real time Fingernail Segmentation and Skin Diagnostics into its SaaS-based Augmented Reality (AR) products, including those expected to be utilized by a leading global social media company. The integration of these internally developed AI capabilities further solidifies PulpoAR's position as one of the leading global providers for virtual try-on offerings in the Beauty and Fashion industry segments, now covering the categories of makeup, nail polishing, skincare, glasses and hats.

PulpoAR Integrates Artificial Intelligence (AI) based Fingernail Segmentation and Skin Diagnostics for a Leading Global Social Media Company

The Glimpse Group, Inc. (NASDAQ:VRAR ) Q2 2023 Earnings Conference Call February 14, 2023 4:30 PM ET Company Participants Lyron Bentovim - President and CEO Maydan Rothblum - Chief Financial Officer and COO Conference Call Participants Dillon Heslin - ROTH Operator Welcome to The Glimpse Group Fiscal Second Quarter 2023 Financial Results Webinar. At this time, all participants are in listen-only mode.

The Glimpse Group, Inc. (VRAR) Q2 2023 Earnings Call Transcript

Fiscal Second Quarter FY 2023 Revenues Grew by 75% Year-over-Year to Approximately $3.0 million; Revenue for 1H FY 2023 Grew by 155% Year-over-Year to a Record of Approximately $6.9 million; Progressing Toward Goal of Achieving Cash Flow Neutrality From Existing Operations in CY '23; Artificial Intelligence and Blockchain Technologies Increasingly Integrated Into Glimpse Software Solutions NEW YORK, NY / ACCESSWIRE / February 14, 2023 / 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 immersive technology solutions, provided financial results for its fiscal second quarter ended December 31, 2022 ("Q2 FY'23"). Business Commentary by President & CEO Lyron Bentovim Q2 FY '23 (October - December ‘22) and 1H FY '23 (July-December '22) were highlighted by: Q2 FY'23 quarterly revenue of approximately $3.0 million, a 75% increase compared to Q2 FY'22 revenue of approximately $1.7 million, representing the second highest quarterly revenue in the Company's history.

The Glimpse Group Reports Fiscal Second Quarter 2023 Financial Results

Glimpse Israel, in collaboration with Sparks Consulting, an Israeli consulting company, have been selected as key partners for the program. Foretell Reality, a subsidiary of The Glimpse Group, will play an important role in the program through the use of its collaborative VR software platform NEW YORK, NY and TEL AVIV, ISRAEL / ACCESSWIRE / February 9, 2023 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), (FSE:9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") company providing enterprise focused immersive technology software and services solutions, announced today that Foretell Reality, a Glimpse Group subsidiary company, will provide its collaborative VR platform to the Israeli Ministry of Education for their Metaverse Lab Program as part of a funded engagement.

Glimpse Israel Selected by The Israeli Ministry of Education as a Key Partner for Its Metaverse Lab Program

Integration of AI to provide an unprecedented level of interaction in virtual environments, enabling users to communicate with virtual characters in a conversational manner. NEW YORK, NY / ACCESSWIRE / February 7, 2023 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), (FSE:9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") company providing enterprise focused immersive technology software and services solutions, announced today that its subsidiary company, Foretell Reality, has integrated conversational artificial intelligence (AI) into their virtual reality platform.

The Glimpse Group Unveils Integration of Conversational Artificial Intelligence (AI) Into Their Virtual Reality Platforms Using GPT-3

After the acquisitions of Sector 5 Digital and Brightline Interactive, VRAR is now on a revenue run rate of ~$16M. Both acquisitions are well structured with the majority of the price based on contingent considerations, something I will take a look at in this article.

The Glimpse Group Targets Cash Flow Neutrality As It Secures New Contracts

NEW YORK, NY / ACCESSWIRE / February 1, 2023 / 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, will release financial results for its fiscal second quarter 2023 (ended December 31, 2022) after the market close on Tuesday, February 14, 2023. 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 Second Quarter 2023 Financial Results Tuesday, February 14 at 4:30 p.m. Eastern Time

NEW YORK, NY / ACCESSWIRE / December 15, 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 that its subsidiary company Sector 5 Digital ("S5D"), a leading immersive technology company, completed a mid-six figure contract for the creation of a virtual customer experience platform for Mavenir, a cloud native 5G network software provider. S5D created the Mavenir Virtual Customer Experience Platform (VCEP), a browser-based digital storytelling tool that invites customers to explore a variety of hypothetical "day in the life" scenarios: Consumer, Enterprise, and Industry 4.0 with each scenario including their end-to-end network architectures and data flows.

Sector 5 Digital Creates Virtual Customer Experience Platform for Mavenir to Showcase Its Portfolio of End-to-End Mobile Network Software

NEW YORK, NY / ACCESSWIRE / December 5, 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 that its subsidiary Sector 5 Digital ("S5D"), a leading immersive technology company, completed a mid-6-figure contract for the creation of multiple 3D digital models for American Rheinmetall Vehicles (ARV), a part of Rheinmetall's Vehicle Systems division specializing in the development of combat vehicle platforms that provide next-generation products to the U.S. Department of Defense and Federal and State Law Enforcement agencies. Leveraging its expertise in creating immersive technology for the aerospace and defense industries, S5D produced multiple 3D videos featuring Rheinmetall's proposed Lynx Optionally Manned Fighting Vehicle (OMFV), an infantry fighting vehicle, in a realistic multi-domain operation (MDO) scenario.

Sector 5 Digital Supplied 3D Manned Fighting Vehicle Digital Models for American Rheinmetall Vehicles, A Defense, Security and Auto Technology Provider

Assignment of Technologies and Industry Hires Significantly Expand Immersive Health Group's Technological Capabilities in the Clinical and Nurse Training Segment NEW YORK, NY / ACCESSWIRE / November 28, 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 that its wholly owned VR clinical training solutions subsidiary company - Immersive Health Group, LLC ("IHG") - entered into a technology and IP assignment agreement with InciteVR, an award-winning immersive learning company that creates immersive learning experiences (ILX) for higher education and professional training, primarily in the clinical and nursing healthcare segments. inciteVR's (www.incitevr.com) provides immersive learning experience solutions, delivered in VR and utilizing artificial intelligence (AI), game-based learning and an extensive proprietary library of learning 3D assets, to achieve deep and persistent learning.

Immersive Health Group (IHG) Announces The Integration of inciteVR's Technology and IP, Propelling Its Immersive Healthcare Capabilities

NEW YORK, NY / ACCESSWIRE / November 21, 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 that its subsidiary company Sector 5 Digital ("S5D"), a leading immersive technology company, developed a 6-figure dollar multi-domain 3D experience for Airbus US Space & Defense, Inc. ("Airbus US") which debuted at the annual Association of the United States Army (AUSA) 2022 exposition October 10-12, 2022. Airbus US Space & Defense, Inc. selected S5D due to its expertise in leveraging 3D visualizations.

Glimpse Group Subsidiary Sector 5 Digital Selected by Airbus US Space and Defense to Develop Multi-Domain 3D Experiences

First Of Its Kind SaaS-Based Virtual Try-On App Utilizing Advanced Augmented Reality, Photogrammetry and Body Placement Technology to Propel e-Commerce NEW YORK, NY / ACCESSWIRE / November 16, 2022 / QReal (https://www.qreal.io/), a wholly owned subsidiary of The Glimpse Group, Inc. (NASDAQ:VRAR), (FSE:9DR), and a provider of life-like, Augmented Reality (AR), 3D digital content targeting, among others, the e-Commerce, Retail, Food & Hospitality, Branding, Apparel, Luxury, Automotive and Construction industries announced the commercial launch of its novel TYRO app, the first multi-brand, multi-category virtual try-on experience providing users a one-stop shop to virtually try on leading brands' footwear, watches, hats, and eyewear, with additional brands and products added weekly. In the U.S. alone, e-Commerce sales account for approximately $1 trillion of total annual retail sales, with billions of online purchases returned annually.

QReal Announces The Launch Of TRYO, A Multi-Brand, Multi-Category Virtual Try-On Shopping Experience App

The Glimpse Group, Inc. (NASDAQ:VRAR ) Q1 2023 Earnings Conference Call November 14, 2022 4:30 PM ET Company Participants Lyron Bentovim - President, CEO Maydan Rothblum - CFO and COO Conference Call Participants Ignacio Bernaldez - EF Hutton Austin Vetterick - ROTH Capital Partners Operator Welcome to The Glimpse Group First Quarter Fiscal Year 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

The Glimpse Group, Inc. (VRAR) Q1 2023 Earnings Call Transcript

Fiscal First Quarter FY 2023 Total Revenues Grew by 287% Year-over-Year to a Record of Approximately $4.0 million; Committed to Reaching Cash Flow Neutrality From Existing Operations in CY ‘23 NEW YORK, NY / ACCESSWIRE / November 14, 2022 / The Glimpse Group, Inc. (NASDAQ:VRAR, FSE:9DR) ("Glimpse" or the "Company"), a diversifiedVirtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services immersive technology solutions, provided financial results for its fiscal first quarter ended September 30, 2022 ("Q1 FY'23"). Business Commentary by President & CEO Lyron Bentovim Q1 FY '23 (July - September ‘22) was highlighted by: Record Q1 FY'23 quarterly revenue of approximately $4.0 million, a 287% increase compared to Q1 FY'22 revenues of approximately $1.0 million, and a 58% increase compared to Q4 FY '22, in which we had our prior record quarterly revenue of approximately $2.5 million.

The Glimpse Group Reports Record Fiscal First Quarter 2023 Financial Results

To Be Deployed At I/ITSEC, the Largest Training and Simulation Tradeshow in the United States NEW YORK, NY / ACCESSWIRE / November 10, 2022 / Brightline Interactive ("BLI"), a wholly owned subsidiary of The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR)(FSE: 9DR), and a leader in spatial computing, deep tech and 5G integration, is powering and connecting its immersive technologies in collaboration with AT&T for an integrated technological demonstration at the I/ITSEC (Nov 28 - Dec 2, 2022, https://www.iitsec.org/), the largest training and simulation tradeshow in the United States. This will be the first instance where two fully rollable NOVA simulator domes (from Eight360) and an additional mixed reality (MR) user are connected via AT&T's 5G network, driving super-fast data throughput, leading to minimal delay in visual presentation, thereby enabling complex and realistic multi-user training in a fully immersive environment.

Brightline Interactive to Power Integrated Immersive Technology Demonstration in Collaboration with AT&T

NEW YORK, NY / ACCESSWIRE / November 3, 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, will release financial results for its fiscal first quarter 2023 (ended September 30, 2022) after the market close on Monday, November 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 Fiscal First Quarter 2023 Financial Results Monday, November 14, 2022 at 4:30 p.m. Eastern Time

The Glimpse Group, Inc. (NASDAQ:VRAR ) Q4 2022 Earnings Conference Call September 28, 2022 4:30 PM ET Company Participants Lyron Bentovim - President and CEO Maydan Rothblum - CFO and COO Mark Schwalenberg - IR, MZ Group Conference Call Participants Austin Vetterick - Roth Capital Ignacio Bernaldez - EF Hutton Presentation Operator Welcome to The Glimpse Group Fiscal Year 2022 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

The Glimpse Group, Inc. (VRAR) Q4 2022 Earnings Call Transcript

Full Fiscal Year 2022 Total Revenues Grew by 113% Year-over-Year to a Record $7.3 million; Core Software & Services Revenue Grew by 143% Year-over-Year Fourth Quarter Fiscal Year 22 Revenue Grew by 152% Year-over-Year to a Record $2.5 million, with Core Software & Services Revenue Growing by 98% Year-over-Year NEW YORK, NY / ACCESSWIRE / September 28, 2022 / The Glimpse Group, Inc. (NASDAQ:VRAR) ("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, provided financial results for its fiscal year ended June 30, 2022 ("FY ‘22"). Management Commentary by President & CEO Lyron Bentovim Q4 FY ‘22 and FY '22 were highlighted by: Record Fiscal Year revenue of approximately $7.3 million, a 113% increase compared to FY'21 revenues of approximately $3.4 million.

The Glimpse Group Reports Record Fiscal Year 2022 Financial Results

NEW YORK, NY / ACCESSWIRE / September 19, 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, will release financial results for its fiscal year 2022 (ended June 30, 2022) after the market close on Wednesday, September 28, 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 Fiscal Year 2022 Financial Results on Wednesday, September 28 at 4:30 p.m. Eastern Time

The Glimpse Group went public in June 2021, raising approximately $12.3 million in an IPO. The firm provides a range of virtual and augmented reality software and services to organizations.

The Glimpse Group Grows Revenue From Acquisitions But Operating Losses Mount

With The Closing of the Brightline Interactive Transaction, Glimpse Adds Its 9th and 10th US Patents: Immersive Ecosystem and System And Method for Generating An Augmented Reality Experience NEW YORK, NY / ACCESSWIRE / August 9, 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 that on August 1, 2022, with the closing of its previously announced transaction with Brightline Interactive, LLC ("BL", www.brightlineinteractive.com), it added two U.S. Patents to its patent portfolio: Immersive Ecosystem, U.S. Patent number 11373383 and Method for Generating An Augmented Reality Experience, U.S. Patent number 11302038 (jointly the "Patents") Immersive Ecosystem: this patent covers the ability to create content in a virtualized/spatial capacity through the use of real-time sensor integration. Sensors capturing information in the real world, such as biometrics and atmospheric data, are used to inform the creation and adjustment of all content within the virtual experience.

The Glimpse Group Adds Its 9th and 10th Virtual and Augmented Reality US Patents

Scales Glimpse's Combined Annual Revenue Run Rate to Approximately $15 million, over 200 Immersive Technology Professionals, Top Tier Customer Base, 10 Patents and Global Operations Company to Host Corporate Update Webinar on Tuesday, August 16, at 4:30 PM ET NEW YORK, NY / ACCESSWIRE / August 2, 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 merger of Brightline Interactive ("BLI"), a global leader in the Immersive Technology industry, into a new dedicated Glimpse subsidiary. The 8K/A and related proforma are expected to be filed with the SEC by mid October 2022.

The Glimpse Group Completes Its Previously Announced Brightline Interactive Transaction, Making It One Of The Largest Independent Immersive Technology Software and Services Companies

Q4 FY 2022 Expected Revenues of approximately $2.5 Million, representing Year-over-Year Growth of approximately 2.5X; FY 2022 Expected Revenues of approximately $7.2 Million, representing Year-over-Year Growth of approximately 2.1X NEW YORK, NY / ACCESSWIRE / July 19, 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, provided preliminary record revenue results for its 2022 Fiscal Year fourth quarter and full year ("Q4 FY ‘22" and "FY ‘22"). Preliminary Q4 FY ‘22 Results (ending June 30, 2022) The Company expects total revenues for Q4 FY ‘22 of approximately $2.4-2.5 million, representing a significant year-over-year increase of approximately 2.5X, compared to revenues of approximately $0.99 million in Q4 FY ‘21 and approximately 1.2X increase compared to Q3 FY '22 revenues.

The Glimpse Group Announces Record Unaudited Preliminary Revenues For Fiscal Q4 and Full Year 2022

Glimpse, via its Subsidiary Company Post Reality, Issued a New U.S. Patent For The Marker-Based Positioning of Simulated Reality NEW YORK, NY / ACCESSWIRE / June 27, 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 that its wholly owned subsidiary company, KreatAR, LLC (dba Post Reality), was issued U.S. Patent number 11380011 ("Patent") effective July 5, 2022, for Marker-Based Positioning of Simulated Reality. Post Reality (www.postreality.io) is a provider of enterprise AR presentation software, enabling users and organizations to effectively create, edit, and deploy personalized and specialized AR experiences and presentations.

The Glimpse Group Issued Its 8th Virtual and Augmented Reality U.S. Patent

Amid a difficult economic environment and significant market concern, Glimpse continues to move forward with its roll-up strategy. The market remains concerned regarding growth stocks, particularly unprofitable, more speculative equities.

News for The Glimpse Group Stock (VRAR)