Glimpse Group Q3 revenue $3.7M (+79% YoY); adjusted EBITDA loss narrows to $1.1M

Glimpse Group, Inc.

2024-Q3 EPS reported -$0.68 revenue$10,573,961

Q3 FY'23 revenue $3.67M, up 79% YoY from $2.05M; 9M revenue $10.57M, up 122% YoY.
Adjusted EBITDA loss $1.13M in Q3 vs $2.6M in prior quarter; operating cash burn $1.1M, down from $3.4M.
Net loss $5.22M in Q3 vs $1.75M prior year, driven by $2.82M non-cash charges (amortization, impairment, fair value changes).
Cash $8.3M; no debt; cost cuts include 10% workforce reduction, 20-25% executive salary cuts, and reduced office space.
Launched cloud/AI immersive software initiative; selected to support major hardware provider for GPU-enabled cloud streaming.

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 third quarter ended March 31, 2023 results: revenue approximately $3.7 million.

Period: fiscal third quarter ended March 31, 2023
Revenue: approximately $3.7 million
Result: reported results

Exact text from the filing

Q3 FY’23 quarterly revenue of approximately $3.7 million, a 79% increase compared to Q3 FY’22 revenue of approximately $2.0 million

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Glimpse Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-017334

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