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The latest announcement is out from Glimpse Group ( (VRAR) ).
The Glimpse Group, Inc. has reported a strategic shift towards “Spatial Core,” focusing on enterprise-scale Spatial Computing, Cloud, and AI-driven solutions, resulting in a 35% decrease in FY ’24 revenue compared to the previous year. Despite the downturn, they anticipate significantly higher revenue in the next quarters and expect to be cash flow positive based on signed contracts alone. They’re actively pursuing multi-million dollar contracts and are in a good position with no debt and a clean capital structure. Additionally, they’re exploring strategic options to maximize shareholder value in light of the valuation disconnect with their current stock price on Nasdaq.
Find detailed analytics on VRAR stock on TipRanks’ Stock Analysis page.
