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.

Hire Expected to Propel Post Reality's Enterprise-Focused Augmented Reality SaaS Revenue Growth and Scaling NEW YORK, NY / ACCESSWIRE / June 21, 2022 / The Glimpse Group, Inc. (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, announced today the appointment of seasoned technology executive Sam Losar as General Manager of its wholly-owned subsidiary company KreatAR, LLC (dba Post Reality ). Liron Lerman, Post Reality's current General Manager, will transition to serve as Post Reality's Founder, Chief Product Officer and Chief Technology Officer.

The Glimpse Group Appoints Accomplished Technology Growth Executive, Sam Losar, as General Manager of Post Reality

Asset Acquisition into QReal Subsidiary to Propel Glimpse's Artificial Intelligence (AI), Facial Recognition and Virtual Try-On Capabilities, While Adding New Customers in the Beauty and Retail Verticals NEW YORK, NY / ACCESSWIRE / June 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, announced today that its wholly owned subsidiary company QReal, LLC has acquired the assets of PulpoAR ("PulpoAR"), a Turkey based AR technology e-commerce company providing virtual try-on solutions primarily for the Beauty and Retail markets. PulpoAR (www.pulpoar.com) creates easy to deploy and scalable AR Software-as-a-Service (SaaS) plugins for e-commerce platforms and digital signage screens.

The Glimpse Group Acquires PulpoAR, an Augmented Reality SaaS Company Providing Artificial Intelligence-Based Virtual Try-On Technology

Pivotal Combination Increases Glimpse's Annual Revenue Base by Approximately $5 million, Strengthens Operating Foundation, Adds Tier 1 Customers and Deepens Executive Team NEW YORK, NY / ACCESSWIRE / May 26, 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 it has entered into a definitive agreement to merge Brightline Interactive ("BLI"), a global leader in the immersive technology industry, into a new dedicated Glimpse subsidiary. BLI (https://brightlineinteractive.com/) is a global provider of VR, AR, 5G integration, spatial computing, and deep tech software and service solutions.

The Glimpse Group merges Brightline Interactive, a Leading Immersive Technology Company, Into a Newly Formed Subsidiary Company

The Glimpse Group, Inc. (NASDAQ:VRAR ) Q3 2022 Earnings Conference Call May 16, 2022 4:30 PM ET Company Participants Lyron Bentovim – Chief Executive Officer Maydan Rothblum – Chief Financial Officer and Chief Operations Officer Mark Schwalenberg – Investor Relations, MZ Group Conference Call Participants Daniel Day – B. Riley Securities Dillon Heslin – ROTH Capital Partners Ignacio Benaldez – EF Hutton Mark Schwalenberg Okay.

The Glimpse Group, Inc. (VRAR) CEO Lyron Bentovim on Q3 2022 Results - Earnings Call Transcript

Fiscal Third Quarter Revenue Grows by 123% Year-over-Year to a Record $2.1 million, with Core Software & Services Revenue Growing by 176% Year-over-Year 9 Month Revenue Grows by 95% Year-over-Year to a Record $4.8 million, with Core Software & Services Revenue Growing by 171% Year-over-Year NEW YORK, NY / ACCESSWIRE / May 16, 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 third quarter and nine-month period ended March 31, 2022 ("Q3 FY ‘22", "9M FY '22"). The financial results for these periods include only two months of the Company's recent acquisition of Sector 5 Digital ("S5D"), which closed on February 1, 2022.

The Glimpse Group Reports Record Fiscal Third Quarter 2022 Financial Results

NEW YORK, NY / ACCESSWIRE / May 12, 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 management will participate in H.C. Wainwright Global Investment Conference.

The Glimpse Group to Participate in the H.C. Wainwright Global Investment Conference May 23-26, 2022

NEW YORK, NY / ACCESSWIRE / May 4, 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 Third Quarter 2022 (ended March 31, 2022) after the market close on Monday, May 16, 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 Third Quarter 2022 Financial Results on Monday, May 16 at 4:30 p.m. Eastern Time

QReal's Lens for New York Department of Environmental Protection Highlighted in Keynote Address for Snap Lens Cloud Storage Services NEW YORK, NY / ACCESSWIRE / April 29, 2022 / QReal, LLC (https://www.qreal.io/), a wholly owned subsidiary company of The Glimpse Group, Inc. (NASDAQ:VRAR) (FSE:9DR), and a provider of hyper-realistic, Augmented Reality (AR), 3D digital content today announced that its AR lens was featured in Snap's keynote address during their Fourth Annual Partner Summit. Link to Video: https://player.vimeo.com/video/704273028 The Snap Annual Partner Summit is a virtual event featuring a keynote address by Snap Inc. co-founders Evan Spiegel, Chief Executive Officer, and Bobby Murphy, Chief Technology Officer, as well as other leaders from across the company.

QReal Featured in Fourth Annual Snap Partner Summit

Glimpse, via its Subsidiary Company Foretell Reality, Issued a New U.S. Patent For a Cross Platform Virtual Reality System NEW YORK, NY / ACCESSWIRE / April 20, 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 Foretell Reality (www.foretellreality.com) was issued U.S. Patent number 11294453 ("Patent") for a Cross Platform VR System. Foretell Reality is a provider of social VR multi-person spaces for mental health therapy, support and interaction and this is its second issued patent.

The Glimpse Group Issued Its 7th Virtual and Augmented Reality U.S. Patent

Glimpse has quietly assembled an impressive catalogue of Metaverse related patents and subsidiaries.

Glimpse Group: Can This Little Known Metaverse Play Win Big?

With more than 20 years of marketing experience, James Watson has spent the last 10 years developing award winning marketing programs across the VR & AR sectors with leading global companies NEW YORK, NY / ACCESSWIRE / April 4, 2022 / The Glimpse Group, Inc. (NASDAQ:VRAR)(FSE:9DR) ("Glimpse or the "Company") a Virtual Reality ("VR") and Augmented Reality ("AR") platform company comprised of multiple VR and AR software & services companies, today announced the appointment of James Watson as its Chief Marketing Officer ("CMO"). Prior to joining Glimpse, James was the founder of XRTech Marketing, a strategic marketing consulting firm focused on helping XR companies align their products with market needs.

The Glimpse Group Accelerates Growth Potential With the Appointment of Immersive Technology Marketing Veteran James Watson as Chief Marketing Officer

Glimpse is a VR/AR software services company that is providing the picks and shovels for companies to build out the metaverse.

The Glimpse Group Is Materially Undervalued, $21 Price Target

NEW YORK, NY / ACCESSWIRE / March 29, 2022 / The Glimpse Group, Inc. (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 an industrial VR project and software license between its subsidiary company Adept XR and Goodway Technologies, a manufacturer of innovative maintenance equipment and solutions. Built on Adept XR's proprietary VR software platform Elevate , the VR experience simulates the coil cleaning process of the CoilPro® CC-400HF - HiFlo® Coil Cleaner from Goodway®.

Adept XR Provides Maintenance Equipment VR Simulation For Goodway Technologies

Partnership Entails the Development of Augmented Reality (AR) Capabilities for Lightswitch's Children's Books and a SaaS Business Model NEW YORK, NY / ACCESSWIRE / March 22, 2022 / The Glimpse Group, Inc. (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, announced today a partnership between its wholly-owned subsidiary company Post Reality and Lightswitch Learning, a New York City-based educational publishing company providing physical and digital learning materials to K-12 schools across the US. The partnership entails the paid development of an immersive learning mobile app featuring interactive AR elements for Lightswitch's children's books, commencing with The Emancipation of Grandpa Sandy Wills.

The Glimpse Group Announces Augmented Reality Books Partnership between Post Reality and Educational Publishing Company Lightswitch Learning

US based Virtual and Augmented Reality Company Expands Global Presence with Israel Operating Hub TEL AVIV, ISRAEL / ACCESSWIRE / March 17, 2022 / The Glimpse Group ("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, announced its newest operating hub - Glimpse Israel. This is Glimpse's 4th operating location, after U.S., Turkey and Australia.

The Glimpse Group Announces the Launch of Glimpse Israel

Glimpse, via its Subsidiary Company Foretell Reality, Issued a New U.S. Patent For Presenting a Simulated Reality Adaptive User Space NEW YORK, NY / ACCESSWIRE / March 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 wholly owned subsidiary company Foretell Reality (www.foretellreality.com) was issued U.S. Patent number 11288868 ("Patent") for presenting a Simulated Reality Adaptive User Space. Foretell Reality is a provider of social VR multi-person spaces for mental health therapy, support and interaction.

The Glimpse Group Issued Its 6th Virtual and Augmented Reality U.S. Patent

NEW YORK, NY / ACCESSWIRE / March 7, 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 management will participate in the 34th Annual Roth Conference being held March 13-15, 2022 at the Ritz Carlton, Laguna Niguel in Dana Point, California. Glimpse's President & Chief Executive Officer, Lyron Bentovim, will be on the Blockchain panel, give a Company presentation and will be available for one-on-one and small group meetings with investors.

The Glimpse Group to Participate in the 34th Annual Roth Conference March 13-15, 2022

Glimpse Engages Leading-Edge NYC-Based Creative Firm to Guide Marketing Efforts Amidst Rapid Metaverse Adoption and Market Growth NEW YORK, NY / ACCESSWIRE / March 1, 2022 / The Glimpse Group, Inc. (NASDAQ:VRAR)(FSE:9DR) ("Glimpse," "The Glimpse Group" or the "Company") a Virtual Reality and Augmented Reality ("VR and AR") platform company comprised of multiple VR and AR software & services companies, today announced the appointment of Matt Maher, Founder of M7 Innovations ("M7"), as a strategic marketing advisor. In this new role, Maher and the M7 creative team will help guide the Company as it expands its marketing efforts, strategically growing key parts of the business as it scales globally.

The Glimpse Group Appoints M7 Innovations' Matt Maher as Advisor & Strategic Marketing Partner

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.

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