Glimpse Group Reports Strong Q2 with Revenue Growth

Glimpse Group, Inc. ( (VRAR) ) has released its Q2 earnings. Here is a breakdown of the information Glimpse Group, Inc. presented to its investors.

The Glimpse Group, Inc., a diversified immersive technology platform company, specializes in virtual reality, augmented reality, and spatial computing software and services for enterprises. In its Q2 Fiscal Year 2025 earnings report, the company announced a 50% increase in revenue, positive EBITDA, positive cash flow, and net income, marking a significant milestone as it achieved its first profitable EBITDA quarter since becoming publicly traded. Revenue for the quarter reached approximately $3.17 million, a notable 52% increase from the previous year, driven by growth in Spatial Core revenues and other business segments. Despite a slight decrease in gross margin to 64%, the company maintained a sound financial position with $8.5 million in cash and no debt. Strategic developments include Brightline Interactive’s advancements in government contracts and Foretell Reality’s progress in AI-driven training products. Looking ahead, Glimpse Group anticipates a temporary revenue decline in Q3 FY 2025 due to contract timing but expects a strong Q4 performance, projecting annual revenue to exceed $11 million with a breakeven adjusted EBITDA.