Glimpse FY24 revenue falls 35% to $8.8M; outlines positive cash flow, strategic review

Glimpse Group, Inc.

2025-Q1 EPS reported -$0.06 revenue$110,000

FY24 revenue $8.8M (-35% YoY); adjusted EBITDA loss $4.63M (improved from $6.46M).
Q4 FY24 revenue $1.7M (-41% YoY); expects Q1 FY25 significantly higher and Q2/Q3 each >$3M.
Cash $1.85M at June 30, no debt; expects positive cash flow in Q2 and Q3 FY25 from existing contracts.
Received Nasdaq deficiency notice for bid price <$1; compliance deadline March 2025; no reverse split now.
Board exploring strategic options to maximize shareholder value citing valuation disconnect.

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