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Glimpse Group sells Glimpse Learning to entity controlled by former CEO Lyron Bentovim for equity and royalties
Purchase price: 1,999,999 shares of buyer (19.99% equity) plus royalty payments capped at $1.2M.
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Glimpse Group appoints Tyler Gates CEO, Admiral Swift Chair; pivots to Physical AI with SpatialCore platform
Tyler Gates appointed President, CEO and director; William Keneally appointed CFO, effective June 1, 2026.
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Glimpse Group CEO, CFO, and director resign; Tyler Gates expected as new CEO
Jeff Enslin and Maydan Rothblum resign from Board immediately; Rothblum also steps down as CFO, COO, Secretary, Treasurer.
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Glimpse Group prices $1.845M registered direct offering; transitions to physical AI company
Offering of 622,306 shares, pre-funded warrants for 2,732,240 shares, and warrants for 4,193,182 shares at $0.55/unit.
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Glimpse Group shifts to pureplay Physical AI via Brightline; raises $1.85M, new CEO & board
Strategic shift: Glimpse becomes pureplay Physical AI company by focusing on subsidiary Brightline Interactive; withdraws BLI IPO.
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Glimpse Group receives Nasdaq deficiency notice for bid price below $1.00
Closing bid price below $1.00 for 30 consecutive business days triggers non-compliance letter from Nasdaq.
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Glimpse Group Q2 FY2026 revenue falls 59% YoY; initiates strategic realignment including BLI IPO and ticker change
Revenue $1.30M, down 59% YoY from $3.17M; gross margin 61% vs 64%.
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Director Lemuel Amen resigns from Glimpse Group board effective Jan 30, 2026
Lemuel Amen resigned as a Class III director; term was set to expire at the 2026 annual meeting.
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The Glimpse Group dismisses Turner Stone as auditor; appoints GreenGrowth CPAs
Turner Stone dismissed as independent auditor effective January 7, 2026.
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Glimpse Group raises ATM facility capacity to $9.48M; no shares sold to date
Second amendment to ATM sales agreement with WestPark Capital dated January 2, 2026.
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Glimpse Group shareholders re-elect all three Class II directors and approve auditor at AGM
11,032,605 shares voted, representing ~61% of outstanding shares; quorum achieved.
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Glimpse Group Q1 revenue falls 43% YoY; initiates BLI spin-off process
Q1 FY26 revenue of $1.40M, down 43% YoY from $2.44M due to DoW contract timing and divestitures.
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Glimpse Group reports FY2025 revenue up 20% to $10.5M and plans spin-out of Brightline Interactive
FY2025 revenue $10.5M, up 20% from $8.8M in FY2024; Q4 FY2025 revenue $3.5M, up 105% YoY.
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Glimpse Group secures $2M+ SpatialCore contract for 12-month delivery
Contract valued at over $2 million.
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The Glimpse Group enters into $3.08M ATM equity offering with WestPark Capital
Entered Sales Agreement with WestPark Capital to sell up to $3,081,340 of common stock in at-the-market offerings.
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Glimpse Group Q3 revenue $1.4M (-25% YoY); sees Q4 revenue $3.2-3.8M, positive cash flow
Q3 FY '25 revenue $1.4M, down 25% YoY; gross margin 72% vs 70% YoY.
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Glimpse Group Q2 FY25 revenue $3.17M (+52% YoY); first positive adjusted EBITDA $0.28M
Revenue $3.17M, up 52% YoY from $2.08M; gross margin 64%.
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Glimpse Group regains Nasdaq minimum bid price compliance
Received Nasdaq compliance notice on Dec 24, 2024 for Listing Rule 5550(a)(2).
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Glimpse Group closes $7.29M registered direct offering, CEO notes ~$8.5M cash
Raised $7.29M gross ($6.74M net) via sale of 1.99M shares at $2.65/share and 760K pre-funded warrants at $2.649 each.
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Glimpse Group holds annual meeting; all three proposals approved by shareholders
Annual general meeting held Dec 13, 2024; 9,416,274 shares (~52% of outstanding) represented a quorum.
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Glimpse Q1 revenue $2.44M, adj EBITDA loss narrows; divests QReal, guides FY'25 rev $11-12M
Revenue $2.44M, down 21% YoY but up 44% QoQ; gross margin 79% vs 62% YoY.
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Glimpse Group divests QReal and Turkey ops for ~$4M in management buyout
Divestiture of QReal and Glimpse Turkey; expected initial net value ~$4M, including $1.2-1.5M annual expense savings.
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Glimpse FY24 revenue falls 35% to $8.8M; outlines positive cash flow, strategic review
FY24 revenue $8.8M (-35% YoY); adjusted EBITDA loss $4.63M (improved from $6.46M).
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Glimpse Group receives Nasdaq delisting notice for bid price below $1.00
Received Nasdaq notification on Sep 3, 2024 that bid price closed below $1.00 for 30 consecutive business days.
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Glimpse subsidiary wins >$4M DoD spatial computing contract for AI workflows
Brightline Interactive (Glimpse subsidiary) secures one-year task order contract exceeding $4M with a U.S. Dept. of Defense entity.
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Glimpse Group Q3 revenue $1.9M (-48% YoY); net loss improves; wins $4M+ DoD contract
Q3 FY2024 revenue $1.9M, down 48% YoY from $3.7M, due to strategic shift to Spatial Computing/Cloud/AI.
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Glimpse Group appoints Dr. Tamar Elkeles to Board; Jeff Meisner resigns as director
Jeffrey Meisner resigned as Class I director effective April 29, 2024; will remain Chief Revenue Officer until July 8, 2024.
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Glimpse Group receives $4M+ defense contract notice for immersive environment
Received Notice of Intention from a Defense Entity for $4+ million Immersive Environment contract.
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Glimpse Group Q2 FY2024 revenue falls 29% to $2.08M; net loss $0.74M; adjusted EBITDA loss narrows to $1.33M
Revenue Q2 FY2024 $2.08M, down 29% YoY from $2.95M; six-month revenue $5.18M, down 25%.
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Glimpse Group replaces independent auditor Hoberman & Lesser with Turner Stone
Hoberman & Lesser resigned as independent auditor on December 20, 2023.
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Two directors resign from Glimpse Group board; annual meeting elects seven directors
D.J. Smith and Sharon Rowlands resigned from Board effective Dec 15, 2023; Smith remains Chief Creative Officer.
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Glimpse Group Q1 FY2024 revenue $3.1M, down 22% YoY; net loss improves 98% to $0.12M
Revenue $3.1M, down 22% from $3.95M YoY, up 7% QoQ from $2.9M; gross margin 62% vs 69%.
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Glimpse Group raises $3.3M in registered direct offering at $1.75/share
Sold 1,885,715 shares at $1.75 each for gross proceeds of $3.3 million to accredited and institutional investors.
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Glimpse Group FY2023 revenue $13.48M (+85% YoY); net loss $28.6M; raises $3M via direct offering
Revenue $13.48M, up 85% YoY; gross margin 68% vs 82% in FY2022.
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Glimpse Group grants 120,000 performance-based stock options to CRO Jeff Meisner
Options exercisable at $7.00/share; expire 10 years from grant date.
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Glimpse Group Q3 revenue $3.7M (+79% YoY); adjusted EBITDA loss narrows to $1.1M
Q3 FY'23 revenue $3.67M, up 79% YoY from $2.05M; 9M revenue $10.57M, up 122% YoY.
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Glimpse Group grants 2.2M performance-vesting stock options to CEO, CFO, and COO
Options exercise price $7.00/share, expire Feb 15, 2033; 4-yr time vesting plus revenue and stock-price milestones.
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Glimpse Group Q2 revenue rises 75% YoY to $3.0M; 1H FY'23 revenue record $6.9M, up 155%
Q2 FY'23 revenue $2.95M (+75% YoY); 1H FY'23 revenue $6.9M (+155% YoY) record.
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The Glimpse Group reports shareholder meeting results
Elected nine directors: Lyron Bentovim received 4,940,431 votes for, 5,399 against, 5,476 withheld.
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Glimpse Group reports record Q1 FY2023 revenue of $4.0M, up 287% YoY; net loss widens to $5.4M
Total revenue $4.0M, 287% increase YoY; core software & services revenue $1.28M, up 49% YoY.
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Glimpse Group files BLI financials: $5M revenue, $471K net income, but $2.98M liabilities and going concern risk
BLI 2021 revenue $5.02M, net income $470.7K; total assets $317K vs liabilities $2.98M.
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Glimpse Group FY22: revenue $7.27M (+113%), core software +143%, net loss improves to $5.96M
Total revenue $7.27M, up 113% YoY; core software & services revenue $4.18M, up 143%.
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Glimpse adds two US VR/AR patents with Brightline Interactive closing
Closed Brightline Interactive transaction on Aug 1, 2022, adding two US patents.
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Glimpse Group discloses $1M AR services contract with Meta, completed June 2022
Contract with Meta Platforms, Inc. valued at $1.0 million for augmented reality software and services.
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Glimpse closes acquisition of Brightline Interactive; adds ~$5M revenue, $15M combined run rate
Initial consideration: $568,046 cash + $5M in stock at $7.00/share; up to $12M cash + $12.5M stock in earnouts.
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Glimpse Group reports preliminary record FY22 revenue ~$7.2M, up 2.1x YoY; Q4 ~$2.5M
Preliminary Q4 FY22 revenue $2.4-2.5M, 2.5x YoY vs $0.99M; highest quarterly revenue ever.
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Glimpse subsidiary issued 8th VR/AR patent for marker-based positioning
U.S. Patent No. 11380011 effective July 5, 2022 for Marker-Based Positioning of Simulated Reality.
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Glimpse Group appoints Sam Losar as GM of Post Reality; Lerman becomes CPO/CTO
Sam Losar appointed GM of subsidiary Post Reality effective June 21, 2022; 25+ years tech experience.
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Glimpse Group acquires PulpoAR assets in equity-based deal; expands AR virtual try-on for beauty/retail
Acquisition by QReal subsidiary; primarily equity at $7.00/share + nominal cash; no liabilities assumed.
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Glimpse Group acquires Brightline Interactive for up to $32.5M; 75% earn-out based on revenue milestones
Total potential purchase price of $32.5M; initial $8M ($3M cash + $5M common shares) at close.