Glimpse Group FY2023 revenue $13.48M (+85% YoY); net loss $28.6M; raises $3M via direct offering

Glimpse Group, Inc.

Revenue $13.48M, up 85% YoY; gross margin 68% vs 82% in FY2022.
Net loss $28.6M vs $6.0M YoY, including $14.9M non-cash goodwill impairment of S5D.
Adjusted EBITDA loss $6.5M vs $4.0M YoY; cash $5.6M at June 30; no debt.
Closed $3M registered direct offering at $1.75/share (1.89M shares) with two institutional investors on Sept 28.
Realigning subsidiaries around three core entities (BLI, QReal, S5D) targeting cash flow profitability from operations.

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 year ended June 30, 2023 results: revenue approximately $13.5 million.

Period: fiscal year ended June 30, 2023
Revenue: approximately $13.5 million
Result: reported results

Exact text from the filing

() --- EX-99.1 2 ex99-1.htm Exhibit 99.1 The Glimpse Group Reports Fiscal Year 2023 Financial Results Fiscal Year 2023 Revenues Grew by 85% Year-over-Year to Approximately $13.5 Million, a 4X Increase Over Two Fiscal Years Realigning Company To Focus on Immersive Software Driven by Spatial Computing, Cloud and AI Significantly Reduced Cash Operating Expense

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Glimpse Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-034623

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