secwatch.observer — SEC 8-K summary
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Issuer:     Glimpse Group, Inc. (GGRP)
CIK:        0001854445
Form:       8-K
Filed at:   2022-09-28T23:59:59+00:00
Accession:  0001493152-22-027031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Glimpse Group FY22: revenue $7.27M (+113%), core software +143%, net loss improves to $5.96M
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- Total revenue $7.27M, up 113% YoY; core software & services revenue $4.18M, up 143%.
- Gross profit margin 83% vs 57% prior year; expects decline to 60-70% with acquisitions.
- Net loss $5.96M, improved 2% from $6.09M; adjusted EBITDA loss $3.97M vs $1.47M.
- Cash $18.25M plus $0.24M bonds; no debt; net cash burn expected ~$4M for CY22.
- Recent acquisitions (S5D, BLI, PulpoAR) closed; annual revenue run rate ~$15M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854445/000149315222027031/0001493152-22-027031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854445/000149315222027031/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-027031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer