The Glimpse Group (VRAR) Q3 2025 Earnings Call May 15, 2025 09:00 AM ET Speaker0 Welcome to the Glimps Group's Third Quarter Fiscal Year twenty twenty five Financial Results Webinar. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. The earnings release that accompanies this call is available on the Investors section of the company's website at https:ir.theglimpsgroup.com. Before we b ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40556 THE GLIMPSE GROUP, INC. (Exact name of registrant as specified in its charter) Nevada 81-2958271 (State or other jurisdic ...

Exhibit 99.1 The Glimpse Group Reports Q3 Fiscal Year 2025 Financial Results Reaf irm Revenues and Second Consecutive Quarter of Positive Cash Flow NEW YORK, NY, May 15, 2025 - 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 2025, ended March 31, 2025 ("Q3 FY '2 ...

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Core Insights - 36Kr Holdings Inc. hosted the "2025 AI Partner Conference" focusing on AI-powered super applications and scenario-based innovation, featuring prominent speakers from academia and industry [1][2] - The conference included discussions on emerging dynamics in the AI era and the potential of next-generation AI applications, with segments dedicated to identifying future super apps [2] - 36Kr introduced the "2025 AI-Native Application Innovation Cases" and "2025 AI Partner Innovation Awards" to recognize outstanding AI applications across various sectors, emphasizing AI's role in driving industry transformation [3] Company Overview - 36Kr Holdings Inc. is a leading platform serving New Economy participants in China, providing high-quality content and business services to meet the evolving needs of both new and traditional companies [5] - The company leverages a comprehensive database and strong data analytics capabilities to capture growth potential in China's New Economy [5] Future Initiatives - Following the conference, 36Kr aims to empower transformative AI companies in China through the "Disruptor Initiative," which will identify and support enterprises with disruptive potential [4] - The initiative will integrate global resources and foster collaboration between industry and academia to enhance the global presence of Chinese technology [4]

Financial Data and Key Metrics Changes - The company reported Q2 fiscal year 2025 revenue of approximately $3.17 million, reflecting a 52% increase compared to Q2 fiscal year 2024 revenue of approximately $2.08 million, and a 30% increase compared to Q1 fiscal year 2025 revenue of approximately $2.44 million [13] - Positive adjusted EBITDA of approximately $0.28 million was achieved in Q2 fiscal year 2025, compared to an adjusted EBITDA loss of approximately $1.33 million for Q2 fiscal year 2024 [15] - The company expects aggregate revenue for fiscal year 2025 to exceed $11 million, a 25% increase from $8.8 million in fiscal year 2024, with breakeven adjusted EBITDA for the fiscal year [16][17] Business Line Data and Key Metrics Changes - The increase in revenue was primarily driven by growth in Spatial Core revenues and other business segments [14] - The gross margin for Q2 fiscal year 2025 was approximately 64%, down from 68% in Q2 fiscal year 2024, attributed to revenue mix fluctuations [14] Market Data and Key Metrics Changes - The company currently has a revenue split of approximately 40% from government contracts and 60% from commercial contracts, with expectations to increase the government revenue share in the future [25][27] Company Strategy and Development Direction - The company is focusing on strategic and operational restructuring, with a transition to core business areas and the incorporation of AI elements across its product offerings [6][21] - The company aims to capture opportunities in the immersive technology space as it approaches mass adoption [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting a strong long-term revenue pipeline and expected contracts, despite anticipating a decline in revenue for Q3 fiscal year 2025 [10] - The company is well-positioned to execute its growth strategy and capitalize on significant opportunities in the immersive technology sector [21] Other Important Information - The company raised $6.8 million in net proceeds from a registered direct equity offering in December 2024, enhancing its cash position to approximately $8.5 million [6][18] - The company regained compliance with NASDAQ listing requirements, resolving a previous compliance issue [18] Q&A Session Summary Question: What is the revenue split between commercial and government? - The current revenue split is approximately 40% government and 60% commercial, with expectations to increase the government share moving forward [25][27] Question: What is the outlook for operating expenses? - Operating expenses are expected to remain stable at approximately $900,000 per month for the remainder of the year [31][32] Question: Are there opportunities for divestitures or acquisitions? - The company is exploring opportunities to monetize and divest less critical business segments while also looking for potential acquisitions that align with its growth strategy [34][36] Question: How does the company integrate AI into its offerings? - The company is integrating AI into its immersive technology solutions, enhancing capabilities for both military and commercial applications [49] Question: What is the impact of government spending on revenue? - There is a potentially positive impact from government spending, particularly as new initiatives focus on technology and AI [62]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 Commission File Number: 001-40556 THE GLIMPSE GROUP, INC. (Exact name of registrant as specified in its charter) Nevada 81-2958271 (State or other jurisdiction of incorporation or organization) 15 West 38th St., 12th Fl New York, NY 10018 (Address of principal executive offices) ...

Financial Performance - Q2 FY '25 revenue was approximately $3.17 million, a 52% increase compared to Q2 FY '24 revenue of approximately $2.08 million[2] - Positive adjusted EBITDA of approximately $0.28 million in Q2 FY '25, compared to an adjusted EBITDA loss of approximately -$1.33 million for Q2 FY '24[2] - The company expects Q3 FY '25 revenue to decline to between $1.5 million and $2 million, but anticipates a strong Q4 FY '25 with revenue between $3.3 million and $4 million[2] - For FY '25, the company expects aggregate revenue to exceed $11 million, representing a 25%+ increase compared to $8.8 million for FY '24[2] - The company reported a net loss of $988,320 for the six months ended December 31, 2024, compared to a net loss of $857,810 for the same period in 2023[17] - Adjusted EBITDA for the six months ended December 31, 2024, was a loss of $0.17 million, improving from a loss of $2.61 million in the same period of 2023[18] Cash and Liquidity - The company's cash and equivalents as of December 31, 2024, were approximately $8.5 million, with an additional $1.4 million in accounts receivable[2] - Cash and cash equivalents at the end of the period increased to $8,445,288, up from $5,220,653 at the beginning of the year[17] - The company experienced a net cash used in operating activities of $253,153 for the six months ended December 31, 2024, significantly lower than $3,358,180 for the same period in 2023[17] - The company generated $6,785,552 from securities purchase agreements in financing activities, compared to $2,968,501 in the prior year[17] - The company’s accounts receivable decreased by $668,847 for the six months ended December 31, 2024[17] Contracts and Business Development - Brightline Interactive delivered a significant milestone on its $4 million+ Department of Defense contract during the quarter[9] - Brightline Interactive entered into an initial contract with the US Navy for an Immersive, AI-Driven Simulator System, setting the stage for potential follow-on contracts[9] - The company has made strong progress in commercializing its AI-driven immersive training product, experiencing encouraging initial traction with customers and partners[9] Capital Structure and Compliance - The company maintains a clean capital structure with no debt, no convertible debt, and no preferred equity[2] - The company regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share[2] Expenses and Divestitures - Stock-based compensation expenses for the six months ended December 31, 2024, were $407,231, down from $1,135,048 in the same period of 2023[17] - The company reported a depreciation and amortization expense of $272,615 for the six months ended December 31, 2024, compared to $720,458 in the same period of 2023[17] - The company recorded a net gain on divestiture of subsidiaries amounting to $1,397,066 for the six months ended December 31, 2024[17] - The company had a loss on subsidiary divestiture of $0.10 million for the three months ended December 31, 2024[18]

Core Insights - The Glimpse Group, Inc. is a diversified Immersive Technology platform company focused on enterprise Virtual Reality, Augmented Reality, and Spatial Computing software and services [1][2] - The President & CEO, Lyron Bentovim, will be interviewed on Schwab Network's "Trading 360" on January 22, 2025, at 11:30 am ET [1][2] Company Overview - The Glimpse Group operates a unique business model that builds scale and a robust ecosystem, providing investors an opportunity to invest in the emerging Immersive Technology industry [2] - The company is listed on NASDAQ under the ticker VRAR and also trades on the Frankfurt Stock Exchange under the ticker 9DR [1][2] Event Details - The interview will cover topics related to The Glimpse Group, Immersive Technology, Spatial Computing, AI, and key partnerships [2] - The event can be accessed live via the Schwab Network website and will also be available for replay [2]