The Glimpse Group Provides Preliminary Unaudited Q4 Fiscal Year ’25 Results: 100% Organic Revenue Growth ($3.5MM) And Positive EBITDA
Rhea-AI Summary
The Glimpse Group (NASDAQ: VRAR) has released preliminary unaudited Q4 FY'25 results, showcasing remarkable performance with revenue reaching $3.50 million, marking a 100% increase from Q4 FY'24 ($1.73M) and a 150% increase from Q3 FY'25 ($1.42M).
The company achieved positive Adjusted EBITDA in Q4 FY'25, improving from a -$1.1M loss in Q4 FY'24. Glimpse maintains a strong financial position with $6.85 million in cash and a clean capital structure with no debt or preferred equity. The growth was entirely organic, primarily driven by Spatial Core's Department of Defense (DoD) software and services contracts.
Positive
- Revenue grew 100% year-over-year to $3.50 million in Q4 FY'25
- Achieved positive Adjusted EBITDA, improving from -$1.1M loss in Q4 FY'24
- Strong cash position of $6.85 million with no debt or preferred equity
- 150% sequential revenue growth from Q3 FY'25
- Secured significant DoD contracts driving organic growth
Negative
- Final revenue figures subject to review and potential changes
- Complete financial results won't be available until late September 2025
News Market Reaction
On the day this news was published, VRAR declined 10.48%, reflecting a significant negative market reaction. Argus tracked a trough of -17.8% from its starting point during tracking. Our momentum scanner triggered 30 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $33M at that time. Trading volume was exceptionally heavy at 87.1x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, July 15, 2025 (GLOBE NEWSWIRE) -- 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 preliminary and unaudited financial results for its fourth quarter fiscal year 2025, ended June 30, 2025 (“Q4 FY ’25”).
Preliminary Q4 FY’25 Financial Results
The Company expects total revenues for Q4 FY’25 to be approximately
Adjusted EBITDA for Q4 FY’25 was positive compared to an Adjusted EBITDA loss of approximately -
The Company’s cash and equivalent position as of June 30, 2025 was approximately
Final recognized revenue and any other financials are subject to review, may change and will be released with the Company’s audited financial statements and related annual report towards the end of September 2025.
Lyron Bentovim, President & CEO of Glimpse, commented: “Q4 FY’25 revenue was our highest in over two years, entirely organic and primarily driven by Spatial Core’s Department of Defense (DoD) software and services contracts. In parallel, we maintained profitable operations—a continuation of our recent quarters.”
Note about Non-GAAP Financial Measures
A non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with accounting principles generally accepted in the United States of America, or GAAP. Non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. Other companies may use different non-GAAP measures and presentation of results.
In addition to financial results presented in accordance with GAAP, this press release presents adjusted EBITDA, which is a non-GAAP measure. Adjusted EBITDA is determined by taking net loss and adding interest, taxes, depreciation, amortization and stock-based compensation expenses. The company believes that this non-GAAP measure, viewed in addition to and not in lieu of net loss, provides useful information to investors by providing a more focused measure of operating results. This metric is an integral part of the Company’s internal reporting to evaluate its operations and the performance of senior management. A reconciliation of adjusted EBITDA to net loss, the most comparable GAAP measure, is available in the accompanying financial tables below. The non-GAAP measure presented herein may not be comparable to similarly titled measures presented by other companies.
About The Glimpse Group, Inc.
The Glimpse Group (NASDAQ: VRAR) is a diversified Immersive technology platform company, providing enterprise-focused Virtual Reality, Augmented Reality and Spatial Computing software & services. Glimpse's unique business model builds scale and a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into this emerging industry via a diversified platform. For more information on The Glimpse Group, please visit www.theglimpsegroup.com
Safe Harbor Statement
This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This press release may contain certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements, if provided, are based on information available to the Company as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business. Forward-looking statements, if provided, include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “view,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts, if provided, are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, any forecasts, if provided, are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Company Contact:
Maydan Rothblum
CFO & COO
The Glimpse Group, Inc.
(917) 292-2685
maydan@theglimpsegroup.com
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