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Glimpse Group, Inc. (VRAR)
:VRAR
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.04Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2021
|% Change Since: 182.86%
|Next Earnings Date:Sep 28, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted significant contract developments, improved financial metrics, and strategic divestitures leading to potential future growth. However, concerns about a year-over-year revenue decline and stock price valuation were also noted.Company Guidance
During the Q1 2025 earnings call for The Glimpse Group, significant guidance was provided on various metrics. The company reported a revenue of approximately $2.44 million for Q1 2025, marking a 44% increase from the previous quarter but a 21% decrease year-over-year. They anticipate average quarterly revenues exceeding $3 million for the next three quarters, with an expected annual revenue of $11 million to $12 million for fiscal year 2025, representing a 25% to 35% increase from $8.8 million in fiscal year 2024. The gross margin for Q1 was approximately 79%, a rise from 62% in Q1 2024, driven by increased SpatialCore and software license revenues. The adjusted EBITDA loss decreased to approximately $0.46 million from $1.29 million in Q1 2024. Glimpse expects positive cash flow in the upcoming quarters with a current monthly operating expense of less than $1 million, and they plan no capital raises in the near future. The company highlighted several significant contracts, including those with the Department of Defense (DoD) and large enterprises, potentially valuing between $5 million and $10 million. They also noted a strategic divestiture of QReal, expected to bring around $4 million in net cash value over two years. Despite these positive developments, the company acknowledged a disconnect between their intrinsic value and stock price, prompting exploration of strategic options to unlock business value.Significant Contract Developments
The company delivered the first phase of a large DoD contract and is making progress on securing multimillion-dollar contracts for SpatialCore with government and large enterprise customers, valued at $5 million to $10 million.
Revenue Growth and Positive Cash Flow Expectation
Revenue for Q1 FY25 was approximately $2.44 million, a 44% increase compared to the previous quarter. The company expects to be cash flow positive in the current and subsequent quarters.
Increased Gross Margin
Gross margin for Q1 FY25 was approximately 79%, up from 62% in Q1 FY24, driven by an increase in SpatialCore and software license revenues.
Positive Strategic Realignment
The divestiture of QReal is expected to create approximately $4 million in net cash value over two years, simplifying operations and eliminating Turkey country risk.
Improved EBITDA
Adjusted EBITDA loss decreased to approximately $0.46 million in Q1 FY25 from $1.29 million in the same period last year.
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VRAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VRAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $0.70 | $0.58 | -17.14% |
| Sep 30, 2024 | $0.76 | $0.76 | 0.00% |
| May 15, 2024 | $1.13 | $1.16 | +2.65% |
| Feb 14, 2024 | $1.21 | $1.35 | +11.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Glimpse Group, Inc. (VRAR) report earnings?
Glimpse Group, Inc. (VRAR) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Glimpse Group, Inc. (VRAR) earnings time?
Glimpse Group, Inc. (VRAR) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VRAR EPS forecast?
VRAR EPS forecast for the fiscal quarter 2025 (Q2) is -0.04.
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