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Glimpse Group (VRAR)
NASDAQ:VRAR
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Glimpse Group
(NASDAQ:VRAR)
Rating:61Neutral
Price Target:
$1.50
▲(2.04%Upside)
Glimpse Group (VRAR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$30.95M
Dividend YieldN/A
Average Volume (3M)159.98K
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue Growth-12.30%
EPS Growth76.19%
CountryUS
Employees45
SectorTechnology
Sector Strength84
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.07
Shares Outstanding21,055,506
10 Day Avg. Volume202,703
30 Day Avg. Volume159,983
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)4.42
Price to Sales (P/S)0.00
P/FCF Ratio-5.33
Enterprise Value/Market Cap1.45
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Glimpse Group Business Overview & Revenue Model
Company DescriptionThe Glimpse Group, Inc., a virtual reality (VR) and augmented reality (AR) platform company, provides enterprise-focused software, services, and solutions in the United States. It offers QReal, a software that creates and distributes photorealistic 3D and AR content; Adept XR Learning, which provides higher education learning and corporate VR training solutions; PostReality, a cloud-based software as a service solution that enables users to create AR presentations; and XR Platform, a cloud-based, scalable and secure backend infrastructure, including proprietary cloud image recognition technology, online storage, creation and management of subscription plans, and invoicing and payments designed for VR/AR companies. The company also provides D6 VR, a VR-based, analysis, presentation, and education software platform; Immersive Health Group, a digital health platform that leverages VR/AR technology to simplify and streamline complex healthcare challenges in scale; Foretell Reality, an enterprise-grade and easy-to-use solution for meeting others in VR; and Early Adopter, which offers immersive VR and AR EdTech solutions for K-12 schools and pediatric hospital programs. In addition, it offers AUGGD that provides AR software and services primarily for the architecture, engineering, and construction industries; Glimpse Turkey for developing and creating web optimized 3D models, primarily for QReal; and custom specialized AR applications, and white label solutions and services. Further, the company provides Pagoni VR that offers VR video broadcasting solutions, which consists of Chimera that enables real-time communications between a presenter, and local and remote attendees in VR to universities, enterprise, entertainment venues, sports venues, and houses of worship. The company was incorporated in 2016 and is headquartered in New York, New York.
How the Company Makes MoneyGlimpse Group generates revenue primarily through the sale of its VR and AR software and services. This includes licensing fees for its proprietary software platforms, custom development projects for clients, and ongoing support and maintenance services. Additionally, the company may enter into joint ventures or partnerships with industry players to co-develop and distribute VR and AR solutions, further expanding its market reach. Revenue is also supplemented by consulting services, where Glimpse Group leverages its expertise to advise businesses on integrating VR and AR technologies into their strategies.
Glimpse Group Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q3-2025)
| % Change Since: 26.72%|
Next Earnings Date:Sep 24, 2025
Earnings Call Sentiment Positive
The earnings call reflected a positive outlook with strong momentum in key segments, significant achievements in cash flow and contract deliveries, and a promising revenue growth forecast. However, there were challenges with a notable revenue decline in Q3 due to timing and delays in government contracts.Q3-2025 Updates
Positive Updates
Strong Revenue Outlook
The company expects the upcoming quarter to be the highest revenue quarter over the past two fiscal years, driven by strong momentum in Spatial Core's traction with both DoD and enterprise segments.
Positive Cash Flow Achievement
The company delivered its second consecutive quarter of positive cash flow from operations, thanks to reorganization and cost control efforts.
Significant Contract Deliveries
Brightline Interactive is expected to deliver a $4+ million DoD contract, marking a significant achievement in the adoption of immersive technologies.
Revenue Growth Forecast
Fiscal year 2025 revenue is expected to be in the $10 million to $11 million range, representing a 15% to 25% increase compared to the previous fiscal year.
Improved Gross Margin
Gross margin for Q3 FY25 was approximately 72%, an improvement from 70% in Q3 FY24. This is due to a larger portion of revenue coming from Spatial Core and software license sales.
Clean Capital Structure
The company maintains a clean capital structure with no debt, convertible debt, or preferred equity.
Negative Updates
Revenue Decline in Q3
Q3 fiscal year 2025 revenue was approximately $1.4 million, a 25% decrease compared to Q3 fiscal year 2024, primarily due to revenue recognition timing.
Delayed Government Contracts
The U.S. government's continuing resolution and lack of a federal budget for 2025 have delayed the awarding of multiple government and DoD opportunities.
Adjusted EBITDA Loss
Q3 FY25 adjusted EBITDA loss was approximately $1 million, driven by lower recognized revenue this quarter.
Company Guidance
In the third quarter of fiscal year 2025, The Glimpse Group demonstrated significant financial progress and strategic advancement, particularly through its subsidiary Brightline Interactive's Spatial Core technology. The company reported revenues of approximately $1.4 million, a 25% decrease from the previous year's quarter, attributed to revenue recognition timing. However, the outlook for the fourth quarter is optimistic, with expected revenues between $3.2 million and $3.8 million, driven by the final stage of a large Department of Defense contract. Despite this quarter's revenue dip, the company achieved a second consecutive quarter of positive cash flow from operations, reflecting a net operating cash gain of approximately $0.13 million, a stark improvement from the $0.92 million cash loss in the previous year. The adjusted EBITDA loss for Q3 was approximately $1 million, but the company anticipates a positive EBITDA in the upcoming quarter. For the nine months ending March 31, 2025, revenues were stable at $7 million, with expectations of a 15% to 25% revenue increase by fiscal year-end, reaching $10 to $11 million. The gross margin improved to 72% from 70% year-over-year, with future projections between 55% to 75% due to a shift towards higher-margin products like Spatial Core. The company maintains a solid cash position of $7 million, with no debt or preferred equity, and considers utilizing a $2 million common share buyback plan to enhance shareholder value.Glimpse Group Financial Statement Overview
Summary
The company shows potential with revenue growth and a solid cash position. However, profitability and cash flow challenges, along with significant financial leverage, necessitate better operational efficiency.Income Statement
The income statement shows a mix of growth and challenges. Revenue has grown significantly over recent years, with a notable increase from 2021 to 2022. However, the company is facing substantial profitability challenges, with negative net and EBIT margins. The gross profit margin remains positive but is overshadowed by significant operating losses.45
Neutral
Balance Sheet
The balance sheet reflects both strengths and weaknesses. The company has a strong cash position, significantly reducing net debt. However, the high level of liabilities relative to equity is concerning, indicated by a fluctuating debt-to-equity ratio over time. The equity ratio has improved, reflecting a stronger equity base despite past deficits.55
Neutral
Cash Flow
Cash flow analysis reveals mixed results. While operating cash flow is improving, free cash flow has been consistently negative, indicating ongoing cash management challenges. The company has raised substantial financing, enhancing liquidity, but the conversion of cash flow into net income remains low.50
Neutral
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.42T | 8.80M | 13.48M | 7.27M | 3.42M | 1.95M | Gross Profit |
| 1.02T | 5.86M | 9.22M | 6.03M | 1.96M | 808.12K | EBIT |
| -1.46T | -6.62M | -28.81M | -8.20M | -4.71M | -4.92M | EBITDA |
| -1.46T | -6.58M | -11.68M | -7.48M | -5.88M | -4.89M | Net Income Common Stockholders |
| -2.52T | -6.39M | -28.56M | -3.73M | -6.28M | -5.07M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 7.06T | 1.85M | 5.62M | 16.49M | 1.77M | 1.03M | Total Assets |
| 20.24T | 15.56M | 24.28M | 38.40M | 3.22M | 2.00M | Total Debt |
| 19.45B | 543.51K | 829.40K | 0.00 | 2.05M | 1.73M | Net Debt |
| -7.04T | -1.30M | -4.79M | -16.25M | 281.85K | 697.57K | Total Liabilities |
| 3.52T | 4.02M | 13.05M | 9.58M | 4.39M | 2.30M | Stockholders Equity |
| 16.73T | 11.54M | 11.22M | 28.82M | -1.17M | -305.69K |
| Cash Flow | Free Cash Flow | ||||
| 257.46B | -5.24M | -9.31M | -5.14M | -1.24M | -2.06M | Operating Cash Flow |
| 298.91B | -5.21M | -9.16M | -4.94M | -1.21M | -2.02M | Investing Cash Flow |
| -1.54T | -1.53M | -3.53M | -5.06M | -28.00K | -32.66K | Financing Cash Flow |
| 6.88T | 2.97M | 66.11K | 26.48M | 1.97M | 1.89M |
Glimpse Group Technical Analysis
Neutral
1.47
Price Trends
1.26
Positive
1.39
Positive
1.27
Positive
Market Momentum
0.08
Positive
51.15
Neutral
29.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VRAR, the sentiment is Neutral. The current price of 1.47 is below the 20-day moving average (MA) of 1.48, above the 50-day MA of 1.26, and above the 200-day MA of 1.27, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 51.15 is Neutral, neither overbought nor oversold. The STOCH value of 29.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for VRAR.
Glimpse Group Risk Analysis
Glimpse Group disclosed 33 risk factors in its most recent earnings report. Glimpse Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Glimpse Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $11.93B | 10.60 | -7.51% | 3.00% | 7.40% | -8.09% | |
61 Neutral | $30.95M | ― | -40.76% | ― | -12.30% | 76.19% | |
49 Neutral | $9.92M | ― | -220.48% | ― | -25.38% | 67.34% | |
43 Neutral | $17.99M | ― | -501.24% | ― | 141.65% | 60.23% | |
42 Neutral | $68.70M | ― | -168.24% | ― | 230.96% | 91.63% | |
40 Neutral | $24.09M | ― | -308.31% | ― | ― | ― | |
35 Underperform | $20.72M | ― | -254.58% | ― | ― | -20.33% |
* Technology Sector Average
Performance Comparison
VRAR
Glimpse Group
1.45
0.35
31.82%
DTSS
Datasea
2.24
-2.36
-51.30%
APCX
AppTech
0.32
-0.58
-64.44%
AUID
Ipsidy
4.95
-5.38
-52.08%
BNAI
Brand Engagement Network
0.40
-4.01
-90.93%
MSAI
Infrared Cameras Holdings
0.72
-1.51
-67.71%
Glimpse Group Corporate Events
Stock BuybackBusiness Operations and StrategyFinancial Disclosures
Glimpse Group Reports Q3 2025 Financial Results
Neutral
May 15, 2025
On May 15, 2025, The Glimpse Group reported its Q3 FY 2025 financial results, showing a 25% decrease in revenue compared to the previous year, attributed to revenue recognition timing. Despite this, the company achieved a second consecutive quarter of positive cash flow and expects significant revenue growth in Q4 FY 2025 due to a large Department of Defense contract. The company remains well-positioned for future opportunities, with a strong cash position and no debt, and is considering a share buyback plan to address a perceived undervaluation.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.