---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-034623"
form_type: "8-K"
ticker: "GGRP"
cik: "0001854445"
company_name: "Glimpse Group, Inc."
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:46:57.459156+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-034623
- form_type: 8-K
- ticker: GGRP
- cik: 0001854445
- company_name: Glimpse Group, Inc.
- filed_at: 2023-09-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854445/000149315223034623/0001493152-23-034623-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854445/000149315223034623/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-034623
- JSON: https://secwatch.observer/filing/0001493152-23-034623.json
- Plain text: https://secwatch.observer/filing/0001493152-23-034623.txt

## Key facts
- Earnings Releases
  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
  source text: () --- 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854445/000149315223034623/0001493152-23-034623-index.htm

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