earnings
confidence high
sentiment positive
materiality 0.75
Glimpse Q1 revenue $2.44M, adj EBITDA loss narrows; divests QReal, guides FY'25 rev $11-12M
Glimpse Group, Inc.
2025-Q1 EPS reported
-$0.06
revenue$110,000
- Revenue $2.44M, down 21% YoY but up 44% QoQ; gross margin 79% vs 62% YoY.
- Adjusted EBITDA loss $0.46M vs $1.29M YoY; cash $1.4M, no debt.
- Guides FY'25 revenue $11-12M (25-35% YoY growth) and expects positive cash flow in remaining quarters.
- Divested QReal (Oct 1) for ~$4M net cash value, $1.2-1.5M annual savings, 60 fewer employees.
- Pipeline of multi-million dollar Spatial Core contracts ($5-10M); confirmations expected Dec '24/early '25.