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Glimpse Group Inc (The) - VRAR STOCK NEWS

Welcome to our dedicated news page for Glimpse Group (The) (Ticker: VRAR), a resource for investors and traders seeking the latest updates and insights on Glimpse Group (The).

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Glimpse Group (The)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Glimpse Group (The)'s position in the market.

News
The Glimpse Group Reports Q2 Fiscal Year 2024 Financial Results
Rhea-AI Summary
The Glimpse Group, Inc. (VRAR) reported Q2 FY'24 financial results with a focus on securing multi-million dollar contracts, revenue decline, cost reduction, and strategic shift to Spatial Computing. Quarterly revenue decreased by 29% to $2.1 million, with a gross margin of 68%. Adjusted EBITDA loss was $1.3 million, reflecting operational expense reductions. The company aims for a cash breakeven point of $3 million per quarter. Operating expenses increased by 165% to $2.23 million due to strategic shifts. Net loss was $0.74 million for the quarter. The company had cash and cash equivalents of $5.22 million as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.57%
Tags
earnings
-
News
The Glimpse Group to Announce Q2 Fiscal Year 2024 Financial Results On Wednesday, February 14, 2024 at 4:30 p.m. Eastern Time
Rhea-AI Summary
The Glimpse Group, Inc. will release financial results for its second quarter fiscal year 2024 on February 14, 2024. The company provides enterprise-focused Virtual Reality, Augmented Reality, and Spatial Computing software and services. Management will host a conference call to discuss financial results, provide a corporate update, and conclude with a Q&A session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
earnings
-
News
QReal Creates Immersive SNAP Lens for KillaBears, Demonstrating Extraordinary Activation Activity
Rhea-AI Summary
QReal, a subsidiary of The Glimpse Group, Inc. (NASDAQ: VRAR, FSE: 9DR), has completed a paid engagement to create an interactive SNAP AR Lens in partnership with KillaBears and M7 Innovations. The lens has shown exceptional initial activations, leveraging SNAP's IGLD technology to offer purchasable upgrades for customizing an ultra-realistic Killabears Digital Avatar, resulting in 96% activation rate, 222,000 lens views, 214,000 activations, 1,200 shares, and 69,085 long plays, all achieved without paid media.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.61%
Tags
none
News
The Glimpse Group Reports Q1 Fiscal Year 2024 Financial Results
Rhea-AI Summary
The Glimpse Group, Inc. (NASDAQ:VRAR)(FSE:9DR) reported Q1 FY'24 financial results, highlighting $3.1 million quarterly revenue, a 7% Q-Q increase, and a 22% decrease compared to Q1 FY'23. The company is making a strategic shift to Spatial Computing, Cloud and AI driven Immersive software solutions, and expects to announce significant contracts soon. Q2 FY'24 is expected to have lower revenue, but a rebound is anticipated in Q3 FY'24. The company's Gross Margin for Q1 FY'24 was approximately 62%, and it expects Gross Margins to remain in the 60-70% range. The company's Adjusted EBITDA loss for Q1 FY'24 was approximately $1.29 million. The Board of Directors authorized the Company to enter into a common share repurchase plan of up to $2 million. The total revenue for the three months ended September 30, 2023, was approximately $3.10 million, reflecting a general slowdown in the Immersive technology industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.65%
Tags
earnings
-
News
The Glimpse Group to Announce Q1 Fiscal Year 2024 Financial Results On Tuesday, November 14, 2023 at 4:30 p.m. Eastern Time
Rhea-AI Summary
The Glimpse Group, Inc. will release financial results for its First Quarter Fiscal Year 2024 on November 14, 2023, followed by a conference call to discuss the results and provide a corporate update.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5%
Tags
earnings
-
News
Sector 5 Digital Partners With A Tier-1 Global Architecture Firm To Create An Immersive Experience For The Business Campus Of One Of The World's Largest Big Box Retailers
Rhea-AI Summary
Sector 5 Digital, a subsidiary of The Glimpse Group, has entered into a 6-figure engagement with a major architecture firm to develop an Augmented Reality visualization of a multinational retail company's new business campus.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.42%
Tags
partnership
News
The Glimpse Group Named to the Deloitte Technology Fast 500 Fastest-Growing Companies in North America List
Rhea-AI Summary
The Glimpse Group, Inc. has been selected for the Deloitte Technology Fast 500™ for its rapid growth in the Immersive Technology industry. Glimpse's revenues grew by approximately 640% from Fiscal Year 2019-2022. Since their IPO in July 2021, their revenues have grown by approximately 4X.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.87%
Tags
none
-
News
The Glimpse Group Reports Fiscal Year 2023 Financial Results
Rhea-AI Summary
The Glimpse Group reported a revenue growth of 85% in FY '23, reaching approximately $13.5 million. The company reduced its cash operating expense base by $5 million, aiming for cash flow profitability in Q2 FY '23. The company also entered into an agreement to sell approximately 1.89 million shares of common stock for $3 million. The strategic repositioning focuses on immersive software solutions driven by spatial computing, cloud, and AI. The company is realigning its subsidiary companies and exploring strategic alternatives for them. QReal entered into a software license with Yves Rocher, while SpearXR entered into an agreement with a major consumer packaged goods company. The company's cash position as of June 30, 2023, was approximately $5.6 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-43.38%
Tags
earnings
-
News
The Glimpse Group to Announce Fiscal Year 2023 Financial Results on Thursday, September 28, 2023 at 4:30 p.m. Eastern Time
Rhea-AI Summary
The Glimpse Group, Inc. will release financial results for its fiscal year 2023 on September 28, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.25%
Tags
earnings
News
The Glimpse Group Announces Initiation of Independent Equity Analyst Coverage by WestPark Capital with a "Buy" Recommendation
Rhea-AI Summary
The Glimpse Group, Inc. receives positive analyst coverage from WestPark Capital with a 'Buy' recommendation and an $8.87/share price target.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.35%
Tags
none
Stock VRAR logo
Glimpse Group Inc (The)

Nasdaq:VRAR

VRAR Rankings

#5166 Ranked by Market Cap
#5310 Ranked by Stock Gains
N/A Ranked by Dividends

VRAR Stock Data

19.66M
10.98M
29.85%
15.41%
1.16%
Custom Computer Programming Services
Professional, Scientific, and Technical Services
Link
United States
New York

About VRAR

the glimpse group is a company designed with the specific purpose of cultivating entrepreneurs in the virtual reality (vr) and augmented reality (ar) industry. our unique business model simplifies the many challenges faced by entrepreneurs while simultaneously providing investors with an opportunity to invest directly into the emerging vr/ar space. the glimpse group funds, cultivates, and manages business operations while providing a strong network of professional relationships. being a part of the glimpse group allows entrepreneurs to maximize their time and resources in pursuit of their mission-critical endeavors.