secwatch.observer — SEC 8-K summary
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Issuer:     Glimpse Group, Inc. (GGRP)
CIK:        0001854445
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001493152-24-006604
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Glimpse Group Q2 FY2024 revenue falls 29% to $2.08M; net loss $0.74M; adjusted EBITDA loss narrows to $1.33M
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- Revenue Q2 FY2024 $2.08M, down 29% YoY from $2.95M; six-month revenue $5.18M, down 25%.
- Gross margin 68% vs 70% YoY; decline driven by higher contractor costs on project revenue.
- Net loss $0.74M vs prior-year net income $1.31M (included non-cash gain); six-month net loss $0.86M vs $4.07M.
- Adjusted EBITDA loss narrowed to $1.33M from $2.60M; cash expenses reduced ~50% from high; cash breakeven ~$3M/quarter.
- Cash and equivalents $5.22M as of Dec 31, 2023; no corporate debt or preferred equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854445/000149315224006604/0001493152-24-006604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854445/000149315224006604/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-006604

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