Glimpse Group (VRAR) AI Stock Analysis

• Market Cap: $29.06M
• Dividend Yield: N/A
• Average Volume (3M): 222.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.62
• Revenue Growth: -12.30%
• EPS Growth: 76.19%
• Country: US
• Employees: 45
• Sector: Technology
• Sector Strength: 83
• Industry: Software - Infrastructure
• EPS (TTM): -0.07
• Shares Outstanding: 21,055,506
• 10 Day Avg. Volume: 116,315
• 30 Day Avg. Volume: 222,132
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.60
• Enterprise Value/Revenue: 1.99
• Enterprise Value/Gross Profit: 2.84
• Enterprise Value/Ebitda: -4.75
• 1Y Price Target: $1.50
• Price Target Upside: 9.49% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 57 Neutral
• Price Target: $1.50 ▲(9.49% Upside)

The most significant factor in the overall score is the earnings call, which highlights a positive outlook and strong momentum despite recent revenue challenges. The financial performance reflects potential but is hindered by profitability and cash flow issues. Technical analysis suggests a slightly bearish trend, while valuation is weak due to negative earnings. Overall, the stock shows potential but faces significant hurdles.

Glimpse Group Business Overview & Revenue Model

Company Description

The 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 Money

Glimpse 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 Financial Statement Overview

Summary

Glimpse Group shows potential with revenue growth and a solid cash position. However, ongoing profitability and cash flow challenges highlight the need for improved operational efficiency and cost management. The balance sheet has improved but still reflects significant financial leverage, requiring careful management.

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.

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.

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.76M	8.80M	13.48M	7.27M	3.42M	1.95M
Gross Profit	6.16M	5.86M	9.22M	6.03M	1.96M	808.12K
EBITDA	-3.68M	-6.58M	-11.68M	-7.48M	-5.88M	-4.89M
Net Income	-6.48M	-6.39M	-28.56M	-3.73M	-6.28M	-5.07M
Balance Sheet
Total Assets	20.24M	15.56M	24.28M	38.40M	3.22M	2.00M
Cash, Cash Equivalents and Short-Term Investments	7.06M	1.85M	5.62M	16.49M	1.77M	1.03M
Total Debt	167.35K	543.51K	829.40K	0.00	2.05M	1.73M
Total Liabilities	3.52M	4.02M	13.05M	9.58M	4.39M	2.30M
Stockholders Equity	16.73M	11.54M	11.22M	28.82M	-1.17M	-305.69K
Cash Flow
Free Cash Flow	-1.11M	-5.24M	-9.31M	-5.14M	-1.24M	-2.06M
Operating Cash Flow	-1.05M	-5.21M	-9.16M	-4.94M	-1.21M	-2.02M
Investing Cash Flow	-3.05M	-1.53M	-3.53M	-5.06M	-28.00K	-32.66K
Financing Cash Flow	6.88M	2.97M	66.11K	26.48M	1.97M	1.89M

Glimpse Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.37
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VRAR, the sentiment is Positive. The current price of 1.37 is above the 20-day moving average (MA) of 1.37, below the 50-day MA of 1.42, and below the 200-day MA of 1.44, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 48.08 is Neutral, neither overbought nor oversold. The STOCH value of 51.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VRAR.

Glimpse Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$35.62B	7.50	-10.94%	1.87%	8.86%	-10.27%
VRAR	57 Neutral	$29.06M	―	-40.76%	―	-12.30%	76.19%
DTSS	48 Neutral	$16.99M	―	-501.24%	―	141.65%	60.23%
APCX	46 Neutral	$8.15M	―	-349.71%	―	30.52%	56.70%
BNAI	45 Neutral	$13.46M	―	-254.58%	―	20.51%	30.55%
AUID	44 Neutral	$58.88M	―	-106.55%	―	295.86%	-2.95%
MSAI	40 Underperform	$25.93M	―	-335.10%	―	―	―

Glimpse Group Corporate Events

Glimpse Group Enters Sales Agreement with WestPark Capital

On July 11, 2025, The Glimpse Group, Inc. entered into a Sales Agreement with WestPark Capital, Inc. to potentially offer and sell shares of its common stock through the agent, leveraging a shelf registration statement previously declared effective by the SEC. The agreement allows for sales up to $3,081,340 of shares in an ‘at the market offering’ on the Nasdaq Capital Market or other trading markets, though the company is not obligated to sell any shares and no assurance is given regarding sales details. The agreement includes customary representations, warranties, and indemnification provisions.

Glimpse Group Reports Q3 2025 Financial Results

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.