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 / August 31, 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 today announced an internal initiative focused on utilizing the robust technologies, software products and services of its subsidiary companies towards a new Enterprise focused vertical - the emerging Non-Fungible Token ("NFT") and Crypto segments. As a natural extension of its existing software products, Glimpse is launching VR and AR software and services specifically targeting the Crypto/NFT industry segments, including, a high-end multi-user VR art gallery space, an AR based NFT display system and services for the creation of super high resolution NFT assets.

The Glimpse Group Launches Enterprise Focused Virtual NFT and Crypto VR & AR Software Product Development Effort

Pagoni VR, a Glimpse Subsidiary Company, Provides Temple University's Fox School of Business with Immersive Virtual Reality Classroom NEW YORK, NY / ACCESSWIRE / August 23, 2021 / Pagoni VR, a wholly owned subsidiary of The Glimpse Group, Inc. (NASDAQ:VRAR)("Glimpse"), and a provider of Virtual Reality (VR) and Augmented Reality (AR) based, real-time video broadcasting solutions, today announced the extension of its Virtual Reality software and service agreement with Temple University's Fox School of Business ("Fox") for the third year. Powered by Pagoni VR's Chimera software platform (https://pagonivr.com/chimera/), Fox is able to develop coursework that brings students together in a common virtual classroom utilizing immersive real-time video to significantly increase the feeling of presence with fellow classmates and their professor.

The Glimpse Group and Temple University Announce Extension of Virtual Reality Classroom Engagement

Virtual Reality and Augmented Reality platform company Glimpse Group Inc (NASDAQ: VRAR) acquired the assets of the Australian-based company Augmented Reality Investments Pty Ltd (Auggd). The transaction is equity-based and includes an initial nominally dilutive issuance of shares.

Glimpse Group Acquires Assets Of Australia-Based Auggd For Undisclosed Terms

Asset Acquisition ushers Glimpse into the Architecture, Engineering and Construction (AEC) segment and entrance into the Australian enterprise markets NEW YORK, NY / ACCESSWIRE / August 16, 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 today that on August 13, 2021, it acquired the assets of Augmented Reality Investments Pty Ltd, an Australia based company ("Auggd"). Auggd (https://auggd.com/) provides AR software and services to the AEC industry in Australia, Europe, and the US, creating experiences that visualize buildings, bridges, roads and underground services at true scale in their real-world environments.

The Glimpse Group Announces the Acquisition of its 10th Subsidiary Company: Auggd, an Augmented Reality Software and Services Company, and the Establishment of Glimpse Australia

NEW YORK, NY / ACCESSWIRE / August 11, 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, participated in Nasdaq's opening bell ceremony on Wednesday, August 11, 2021. President and Chief Executive Officer, Lyron Bentovim rang the bell in celebration of the Company's recent Nasdaq listing on July 1, 2021.

The Glimpse Group Rings NASDAQ Opening Bell

Virtual/Augmented Reality is one of the fastest-growing markets today and should be a key focus area for enterprises in the next decade. Glimpse consists of 9 different VR/AR subsidiaries that complement each other and incentivizes employees to grow the business.

Glimpse Group: Rare Virtual/Augmented Reality Pure Play

NEW YORK, NY / ACCESSWIRE / August 10, 2021 / The Glimpse Group, Inc. (NASDAQ:VRAR) ("Glimpse" or the "Company"), a diversifiedVirtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services solutions, today announced that its management will present at the Q3 Virtual Investor Summit, taking place August 17-18, 2021. Lyron Bentovim, President & Chief Executive Officer of The Glimpse Group, and Maydan Rothblum, Chief Financial Officer & Chief Operating Officer, are scheduled to participate in one-on-one meetings primarily with institutional investors throughout the event and will host a virtual presentation as follows: Investor Summit Date: Wednesday, August 18, 2021Time: 11:45 a.m.

The Glimpse Group to Present at the Q3 Virtual Investor Summit

NEW YORK, NY / ACCESSWIRE / August 9, 2021 / Early-Adopter ("EA"), a subsidiary company of The Glimpse Group, Inc. (NASDAQ:VRAR) ("Glimpse") focuses on Augmented and Virtual Reality products for K-12 education, and Avenues: The World School ("Avenues"), an international private school system serving toddler-12th grades, announced today the extension of an agreement for the use of EA's Augmented Reality (AR) and other immersive technologies in all of Avenues campuses, including New York, São Paulo, Brazil and Shenzhen, China. Early Adopter provides Avenues with Avenues AR, a special-branded version of EA's Social AR presentation platform - Common Room.

The Glimpse Group and Avenues: The World School Announce Extension of Augmented Reality Software Engagement

QReal, a Glimpse Subsidiary Company, Develops Augmented Reality Lenses for Snap Inc. NEW YORK, NY / ACCESSWIRE / August 4, 2021 / QReal (https://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 a Creative Service Provider relationship with Snap Inc. Mike Cadoux, QReal's General Manager commented, "I view QReal as a pioneer in the creation of world class, 3D and Augmented Reality content. The new frontier of eCommerce and social media requires hyper-realistic product showcasing and virtual storytelling.

The Glimpse Group Becomes a Preferred Augmented Realty Partner of Snap Inc.

Pagoni VR, a Glimpse Subsidiary Company, Issued a New U.S. Patent For The Sharing, Processing and Streaming of User-Generated Content Across Numerous Capture and Viewing Devices NEW YORK, NY / ACCESSWIRE / August 2, 2021 / Pagoni VR, a wholly owned subsidiary of The Glimpse Group, Inc. (NASDAQ:VRAR) ("Glimpse"), and a provider of Virtual Reality (VR) and Augmented Reality (AR) based, real-time video broadcasting solutions, today announced that it has been issued U.S. Patent number 11,095,947 ("Patent"). Jimmy Giliberti, General Manager of Pagoni VR and one of the Patent's inventors, commented: "We view this patent as a particularly significant one with potentially far-reaching implications.

The Glimpse Group Issued Fourth Virtual and Augmented Reality U.S. Patent (aka "Virtual Time Machine")

NEW YORK, NY / ACCESSWIRE / July 22, 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, today announced the consummation of a six-figure Augmented Reality (AR), software development collaboration with Swiss Chalet, a Canadian full service restaurant brand. Swiss Chalet, a holding of Recipe Unlimited Corp ("Recipe", one of Canada's largest full-service restaurant companies), is a Canadian chain of casual dining restaurants founded in 1954 in Toronto, Ontario.

The Glimpse Group Announces Augmented Reality Software Development Collaboration with Swiss Chalet

Foretell Reality, a Glimpse subsidiary company, to Develop VR Experiences and Tools to Support North-Star Care's Tele-Health Substance Use Disorder Program NEW YORK, NY / ACCESSWIRE / July 20, 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, collaboration and interpersonal interaction, today announced a multiyear, six figure, software and services engagement with telehealth medical treatment provider North-Star Care (NSC). Foretell Reality (https://foretellreality.com/) leverages VR to enhance interpersonal experiences in professional settings, including for therapy and mental support, soft skills practice and development, remote business and creative collaboration.

The Glimpse Group and North-Star Care Announce a Multiyear Virtual Reality Software and Services Engagement

Adept XR, a Glimpse subsidiary company, partners with Edstutia to Launch Immersive VR Campus for Higher Education

The Glimpse Group Announces Multiyear Virtual Reality Software License and Services Partnership with Edstutia

The Glimpse Group Inc's (NASDAQ: VRAR) Form SC 13D disclosed that CEO Lyron Bentovim owned an 11.29% stake. The Virtual Reality and Augmented Reality (VR and AR) solutions provider estimated FY21 revenue to grow organically over 65% year-on-year to $3.25 million.

The Glimpse Group Reports Robust Preliminary FY21 Revenue, CEO Holding

Fiscal Year 2021 Revenues of At Least $3.25 Million; Representing Year over Year Organic Growth of Over 65%; Software & Services Growth of Over 200%

The Glimpse Group Provides Preliminary Unaudited Fiscal Year 2021 Strong Revenue Growth Results

NEW YORK, July 06, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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, today announced the closing of an underwritten initial public offering of 2,012,500 shares of common stock, which included the full exercise of the underwriter's over-allotment option, at a public offering price of $7.00 per share for gross proceeds of approximately $14.1 million, prior to deducting underwriting discounts, commissions, and other offering expenses.

The Glimpse Group Announces Closing of $14.1 Million Initial Public Offering and Full Exercise of Underwriter's Over-Allotment Option

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NEW YORK, June 30, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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, today announced the pricing of an underwritten initial public offering of 1,750,000 shares of common stock at a public offering price of $7.00 per share for gross proceeds of approximately $12.3 million, prior to deducting underwriting discounts, commissions, and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 262,500 shares at the public offering price less the underwriting discounts and commissions. The offering is expected to close on or about July 6, 2021, subject to satisfaction of customary closing conditions.

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