The latest announcement is out from Glimpse Group ( (VRAR) ).
The Glimpse Group reported a 44% quarterly revenue increase to $2.44 million for Q1 FY ’25, driven by growth in Spatial Core, despite a 21% year-over-year decline due to strategic realignments. Anticipating a 25-35% annual revenue rise, Glimpse expects positive cash flow and $11-12 million in FY ’25 revenue. The company, maintaining a clean capital structure with no debt, divested subsidiary QReal, projecting $4 million in net cash over two years. New contracts in Spatial Computing and AR solutions highlight growth potential.
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