Glimpse Group reports record Q1 FY2023 revenue of $4.0M, up 287% YoY; net loss widens to $5.4M

Glimpse Group, Inc.

2024-Q1 EPS reported -$0.40 revenue$1,510,000

Total revenue $4.0M, 287% increase YoY; core software & services revenue $1.28M, up 49% YoY.
Gross margin ~70%; Adjusted EBITDA loss $1.1M vs $0.6M loss prior year.
Net loss $5.4M, includes $2.41M non-cash change in fair value of contingent consideration.
Cash and equivalents $13.0M as of Sep 30, 2022; no debt; committed to cash flow neutrality in CY 2023.
Acquisition of Brightline Interactive closed Aug 1, 2022; multiple new contracts with Fortune 50, telecom, pharma.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Glimpse Group, Inc. reported fiscal first quarter ended September 30, 2022 results: revenue approximately $4.0 million.

Period: fiscal first quarter ended September 30, 2022
Revenue: approximately $4.0 million
Result: reported results

Exact text from the filing

Total revenue for the three months ended September 30, 2022, was approximately $4.0 million compared to approximately $1.0 million for the three months ended September 30, 2021, an increase of approximately 287%.

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Source: SEC EDGAR

accession 0001493152-22-032024

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