---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-004871"
form_type: "8-K"
ticker: "GGRP"
cik: "0001854445"
company_name: "Glimpse Group, Inc."
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:31:38.090462+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Glimpse Group Q2 revenue rises 75% YoY to $3.0M; 1H FY'23 revenue record $6.9M, up 155%

## Summary
- Q2 FY'23 revenue $2.95M (+75% YoY); 1H FY'23 revenue $6.9M (+155% YoY) record.
- Gross margin 70%; adjusted EBITDA loss $2.6M in Q2 and $3.6M in 1H; net income $1.31M in Q2 (non-cash gain).
- Reduced annual cash expense base by ~$2.5M (15%), including 20-25% executive pay cuts; targeting cash flow neutrality in CY '23.
- Cash $9.4M at Dec 31, 2022, no debt; expect Q3 FY'23 revenues to exceed Q2.
- Board approved long-term incentive plan for founders: $7 exercise price, vesting on $30-100M revenue and $20-60 stock price targets.

## SEC filing metadata
- accession: 0001493152-23-004871
- form_type: 8-K
- ticker: GGRP
- cik: 0001854445
- company_name: Glimpse Group, Inc.
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854445/000149315223004871/0001493152-23-004871-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854445/000149315223004871/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-004871
- JSON: https://secwatch.observer/filing/0001493152-23-004871.json
- Plain text: https://secwatch.observer/filing/0001493152-23-004871.txt

## Key facts
- Earnings Releases
  Glimpse Group, Inc. reported the fiscal second quarter ended December 31, 2022 results: revenue approximately $3.0 million.
  - Period: the fiscal second quarter ended December 31, 2022
  - Revenue: approximately $3.0 million
  - Result: reported results
  source text: ex99-1.htm Exhibit 99.1 The Glimpse Group Reports Fiscal Second Quarter 2023 Financial Results Fiscal Second Quarter FY 2023 Revenues Grew by 75% Year-over-Year to Approximately $3.0 million; Revenue for 1H FY 2023 Grew by 155% Year-over-Year to a Record of Approximately $6.9 million; Progressing Toward Goal of Achieving Cash Flow Neutrality From Existing Operations
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854445/000149315223004871/0001493152-23-004871-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.