secwatch.observer — SEC 8-K summary
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Issuer:     Glimpse Group, Inc. (GGRP)
CIK:        0001854445
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001493152-23-017334
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854445/000149315223017334/0001493152-23-017334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854445/000149315223017334/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-017334

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