Workflow
The Glimpse (VRAR)
icon
Search documents
The Glimpse (VRAR) - 2024 Q2 - Quarterly Report
2024-02-14 21:06
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, 2023 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 o ...
The Glimpse (VRAR) - 2024 Q1 - Earnings Call Transcript
2023-11-14 23:32
The Glimpse Group, Inc. (NASDAQ:VRAR) Q1 2024 Earnings Conference Call November 14, 2023 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 Capital Operator Welcome to the Glimpse Group Q1 Fiscal Year 2024 Financial Results Webinar. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. A ...
The Glimpse (VRAR) - 2024 Q1 - Quarterly Report
2023-11-14 21:05
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 September 30, 2023 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 juri ...
The Glimpse (VRAR) - 2023 Q4 - Annual Report
2023-09-28 20:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended June 30, 2023 ☐ 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. (IRS Employer Identification No.) 15 West 38th St, 12th Fl, New York, NY 10018 10018 (Address of prin ...
The Glimpse (VRAR) - 2023 Q3 - Quarterly Report
2023-05-15 20:07
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, 2023 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 jurisdicti ...
The Glimpse (VRAR) - 2023 Q2 - Earnings Call Transcript
2023-02-15 00:04
Financial Data and Key Metrics Changes - For Q2 FY 2023, the company generated revenue of approximately $3 million, representing a 75% growth compared to Q1 FY 2022 revenues of approximately $1.7 million [5] - For the first half of FY 2023, the company achieved record revenue of approximately $6.9 million, reflecting a 155% growth compared to $2.7 million for the same period last year [5][25] - Gross profit for Q2 FY 2023 was approximately 70%, down from approximately 88% in Q2 FY 2022, driven by the addition of lower-margin subsidiaries [26] - Net income for Q2 FY 2023 was positive $1.31 million, compared to a net loss of $1.57 million in the same period last year, marking a positive change of $2.88 million [27] - Adjusted EBITDA loss for Q2 FY 2023 was $2.58 million, compared to a loss of $0.81 million in Q2 FY 2022 [30] Business Line Data and Key Metrics Changes - The integration of recent acquisitions, Brightline Interactive and Sector 5 Digital, has led to strong momentum with significant customers in government and defense sectors [6] - The company is focused on cost efficiencies, having reduced operational cash expenses by approximately $2.5 million annually, representing about 15% of the annual operating cost base [8] Market Data and Key Metrics Changes - The company has built an impressive roster of global customers across various industries, including a six-figure contract with Airbus and a paid engagement with Walmart for a virtual experience [15][16] - The company is actively pursuing relationships with multiple major Department of Defense agencies for potential contracts [19] Company Strategy and Development Direction - The company aims to achieve cash flow neutrality in calendar year 2023 through a combination of revenue growth and additional cost cuts as needed [9][32] - The strategic focus includes embedding AI capabilities in XR software products and integrating blockchain for e-commerce applications [14] Management's Comments on Operating Environment and Future Outlook - The management acknowledges the challenging macro and business environment but highlights positive developments and key goals achieved during the quarter [34] - The immersive technology industry is still in its early stages, and the company is well-positioned to capitalize on future opportunities [36] Other Important Information - The company ended the quarter with approximately $9.4 million in cash and equivalents, with no debt or convertible debt obligations [31][32] - A long-term incentive plan for executive founders was authorized, based on achieving significant annual revenues and stock price growth targets [22] Q&A Session Summary Question: Visibility into DoD contracts and impact on cash flow neutrality - Management is conservative in assumptions regarding DoD contracts and does not factor them into achieving cash neutrality in 2023 [38] Question: Potential for additional sales or cost reductions - Management indicated flexibility on both cost management and investment in R&D and sales and marketing to balance achieving cash flow neutrality [39] Question: Thoughts on third-party hardware producers - Management views hardware companies as partners, as they enable customers to utilize the company's software solutions [41]
The Glimpse (VRAR) - 2023 Q2 - Quarterly Report
2023-02-14 21:06
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, 2022 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 juris ...
The Glimpse (VRAR) - 2023 Q1 - Earnings Call Transcript
2022-11-15 01:42
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. A question-and-answer session will follow the formal presentation. ...
The Glimpse (VRAR) - 2022 Q4 - Earnings Call Transcript
2022-09-28 22:02
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. A question-and-answer session will follo ...
The Glimpse (VRAR) - 2022 Q4 - Annual Report
2022-09-28 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended June 30, 2022 ☐ 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 jurisdiction ...