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Glimpse Group (VRAR)
NASDAQ:VRAR
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -11.43%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Positive
The Glimpse Group showed strong performance with its first positive EBITDA and significant revenue growth, along with successful government contracts. However, there are concerns about an expected revenue decline in the next quarter and challenges from the continuing resolution impacting government opportunities.Company Guidance
During The Glimpse Group's Q2 Fiscal Year 2025 Investor Call, the company reported several positive financial milestones, including achieving positive EBITDA, positive cash flow, and a positive net income for the first time as a public company. Q2 FY25 revenue was approximately $3.17 million, marking a 52% increase from Q2 FY24 and a 30% increase from Q1 FY25. The gross margin for the quarter was 64%, and the company achieved a positive adjusted EBITDA of approximately $0.28 million, contrasting with a loss of $1.33 million in Q2 FY24. The company also raised $6.8 million in net proceeds from a registered direct equity offering, resulting in a cash position of approximately $8.5 million as of December 31, 2024. Looking forward, they expect a decline in Q3 FY25 revenue to between $1.5 million and $2 million, offset by a strong Q4 FY25 with expected revenue ranging from $3.3 million to $4 million, culminating in a fiscal year revenue exceeding $11 million and breakeven adjusted EBITDA.First Positive EBITDA
The Glimpse Group achieved positive EBITDA for the first time in its history as a public company, reflecting the success of strategic and operational restructuring.
Significant Revenue Growth
Q2 fiscal year 2025 revenue was approximately $3.17 million, marking a 52% increase compared to Q2 fiscal year 2024 and a 30% increase compared to Q1 fiscal year 2025.
U.S. Navy Contract
Brightline Interactive (BLI), a subsidiary of The Glimpse Group, entered into an initial contract with the U.S. Navy for an immersive AI-driven simulator system, setting the stage for potential follow-on contracts in 2025.
Positive Cash Flow
Net operating cash provided from operations for Q2 fiscal year 2025 was approximately $0.17 million compared to a cash loss of negative $1.68 million for Q2 fiscal year 2024.
Regained NASDAQ Compliance
The company regained compliance with NASDAQ listings, maintaining a minimum bid price of $1 per share as of December 24, 2024.
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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 |
|---|---|---|---|
| Feb 13, 2025 | $1.75 | $1.81 | +3.43% |
| 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% |
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 (VRAR) report earnings?
Glimpse Group (VRAR) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Glimpse Group (VRAR) earnings time?
Glimpse Group (VRAR) earnings time is at May 19, 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 (Q3) is -0.02.
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