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 through a diversified platform [2] - The company is listed on NASDAQ under the ticker VRAR and also trades on FSE under 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]

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Financial Data and Key Metrics Changes - Q1 fiscal year 2025 revenue was approximately $2.44 million, reflecting a 44% increase compared to Q4 fiscal year 2024 revenue of approximately $1.7 million, but a 21% decrease compared to Q1 fiscal year 2024 revenue of approximately $3.1 million [16] - Gross margin for Q1 fiscal year 2025 was approximately 79%, compared to 62% for Q1 fiscal year 2024, driven by increased Spatial Core revenues and higher software license revenues [18] - Adjusted EBITDA loss for Q1 fiscal year 2025 was approximately $0.46 million, an improvement from an adjusted EBITDA loss of approximately $1.29 million for Q1 fiscal year 2024 [19] - The company expects revenue in the next three quarters to exceed $3 million on average per quarter, with aggregate revenue for fiscal year 2025 projected to be in the $11 million to $12 million range, representing a 25% to 35% increase compared to fiscal year 2024 [17] Business Line Data and Key Metrics Changes - The company delivered the first phase of a large DoD contract and made significant progress towards securing multimillion-dollar contracts in spatial computing and AI-driven immersive software solutions, with short-term aggregate value expected between $5 million to $10 million [5] - Other immersive businesses continued positive momentum, including contracts with a global water and hygiene infrastructure company and a global energy company, both in the mid-six figure range [6] - QReal, a subsidiary, saw a significant increase in revenue driven by demand for AR lenses and 3D models [6] Market Data and Key Metrics Changes - The company has faced challenging headwinds in the immersive industry over the past two years but is now experiencing concrete positive growth indicators [7] - The divestiture of QReal is expected to create approximately $4 million of net cash value over the next two years, simplifying operations and eliminating Turkey country risk [12][13] Company Strategy and Development Direction - The company is exploring aggressive strategic options to unlock value inherent in its business and assets, while focusing on profitable growth [10][23] - The divestiture of QReal is part of a strategic realignment to streamline operations and focus on core business areas [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about revenue growth and cash flow positivity in the upcoming quarters, despite the current disconnect between intrinsic value and market valuation [8][9] - The company expects to maintain a clean capital structure with no debt and does not intend to raise capital in the foreseeable future [21][22] Other Important Information - The company’s cash and equivalent position as of September 30, 2024, was approximately $1.4 million, with an additional $0.9 million in accounts receivable [21] - The company anticipates that the transformation and positive developments achieved recently will not yet be reflected in its stock price [9] Q&A Session Summary Question: Discussion on operating expense level - Management confirmed that the current operating expense is under $1 million per month, which includes cost savings related to QReal [26][27] Question: Customer opportunities and industry diversity - Management noted that many customers are approaching the company with needs, indicating a strong network of relationships and potential for future growth [28][29] Question: Software license revenue segment - Management indicated that the recent doubling of software license revenue is expected to be a more durable figure moving forward, with potential for growth as contracts expand [32][34] Question: Government contracts and budgetary processes - Management clarified that government contracts are tied to the upcoming budgetary process, with expectations for approvals early in 2025 [36]

Revenue Performance - Total revenue for the three months ended September 30, 2024, was approximately $2.44 million, a decrease of approximately 21% compared to $3.10 million for the same period in 2023[125] - Software Services revenue decreased by approximately 26%, from $3.01 million in 2023 to approximately $2.23 million in 2024[127] - Software License revenue increased by approximately 133%, from $0.09 million in 2023 to approximately $0.21 million in 2024, attributed to the addition of a significant customer[128] Profitability and Expenses - Gross profit margin improved to approximately 79% for the three months ended September 30, 2024, compared to approximately 62% for the same period in 2023[129] - Total operating expenses increased by approximately 42%, from $2.09 million in 2023 to approximately $2.96 million in 2024[131] - Research and development expenses decreased by approximately 33%, from $1.68 million in 2023 to approximately $1.12 million in 2024[133] - General and administrative expenses decreased by approximately 15%, from $1.10 million in 2023 to approximately $0.94 million in 2024[134] - Sales and marketing expenses decreased by approximately 9%, from $0.81 million in 2023 to approximately $0.74 million in 2024[135] - Amortization of acquisition intangible assets expense decreased by approximately 65% to $0.13 million for the three months ended September 30, 2024, compared to $0.37 million in the same period of 2023[136] - Intangible asset impairment was zero for the three months ended September 30, 2024, compared to approximately $0.89 million in the same period of 2023[137] Net Loss and Cash Flow - Net loss increased to approximately $1.02 million for the three months ended September 30, 2024, from $0.12 million in the same period of 2023, reflecting a loss increase of approximately $0.90 million[139] - Adjusted EBITDA loss improved to $0.46 million for the three months ended September 30, 2024, compared to a loss of $1.29 million in the same period of 2023, indicating a reduction in expenses[145] - Net cash used in operating activities was approximately $0.42 million for the three months ended September 30, 2024, an improvement of approximately $1.26 million from $1.68 million in the same period of 2023[152] - Cash and cash equivalents decreased to $1.41 million as of September 30, 2024, down from $3.93 million at the end of the same period in 2023, representing a decline of approximately 64%[151] - The company had an accumulated deficit of $64.05 million as of September 30, 2024, and expects to continue generating negative cash flow for the foreseeable future[147] Going Concern and Future Outlook - The company expects that its cash and cash equivalents may not be sufficient to fund operations for at least the next twelve months, indicating substantial doubt about its ability to continue as a going concern[147] - The company may consider actions such as further cost reductions and equity or debt financings to alleviate going concern issues, although there is no assurance these actions will be successful[148] - The company anticipates recording a loss of approximately $0.10 million from a divestiture transaction when finalized in the quarter ended December 31, 2024[113] - The company retains contract revenues from QReal's largest customer until it collects and retains $1.35 million net cash, after which it will receive a monthly cash revenue share for 18 months[122] - Contingent consideration for acquisition liabilities includes cash components up to $3.0 million, potentially payable through September 2025, contingent on achieving certain revenue milestones[155]

Exhibit 99.1 The Glimpse Group Reports Q1 Fiscal Year 2025 Financial Results NEW YORK, NY, November 14, 2024 — The Glimpse Group, Inc. ("Glimpse") (NASDAQ: VRAR), 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 first quarter fiscal year 2025 year, ended September 30, 2024 ("Q1 FY '25"). Business Commentary by President & CEO Lyron Bentovim Financia ...

The Glimpse Group, Inc. (NASDAQ:VRAR) Q4 2024 Earnings Conference Call September 30, 2024 4:30 PM ET Company Participants Lyron Bentovim - President & Chief Executive Officer Maydan Rothblum - Chief Financial Officer & Chief Operating Officer Conference Call Participants Casey Ryan - Westpark Operator Welcome to The Glimpse Group Fiscal Year 2024 Financial Results Webinar. Webinar. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Ticker symbol Name of each exchange on which registered Common Stock, $0.001 par value per share VRAR The Nasdaq Stock Market LLC Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒ Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 or ☐ TRANSITION RE ...

Exhibit 99.1 The Glimpse Group Reports Fiscal Year 2024 Financial Results Transition to Spatial Core AI and Cloud Driven Revenues Gaining Traction Expect Significantly Higher Revenue In The Upcoming Quarters Expect to Be Cash Flow Positive In The Upcoming Quarters Based on Signed Contracts Alone Extreme Valuation Disconnect A Catalyst For Strategic Review To Maximize Shareholder Value NEW YORK, NY, September 30, 2024 — The Glimpse Group, Inc. ("Glimpse") (NASDAQ: VRAR), a diversified Immersive Technology pl ...

Glimpse Group, Inc. (NASDAQ:VRAR) Q3 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Lyron Bentovim - Chairman & CEO Maydan Rothblum - Co-Founder, CFO, COO, Secretary, Treasurer & Non Independent Director Conference Call Participants Operator Welcome to The Glimpse Group Quarter Three Fiscal Year 2024 Financial Results Webinar. [Operator Instructions]. As a reminder, this conference is being recorded. The earnings release that accompanies this call is available on the Investors se ...

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, 2024 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) (State or other jurisdiction of incorporat ...