Glimpse Group, Inc.

Listed Company

GGRPCIK 0001854445NasdaqEmerging GrowthServices-Computer Programming ServicesNevadaFY ends Jun 30

Period

FY 2025

Revenue

$10.53M

Net Income

$-2.55M

Total Assets

$19.28M

Equity

$16.94M

Shares Out

21.08M

Op. Cash Flow

$-270.0K

Business

Glimpse Group, Inc. is an immersive technology company providing enterprise-focused virtual reality, augmented reality and spatial computing software and services. It develops and commercializes proprietary immersive software products and solutions, including its Spatial Core platform, AI and cloud-enabled offerings, training and education applications, life-like 3D modeling and AR lens creation. Its key entities include Brightline Interactive (Spatial Core, DoD and large enterprise focus), Sector 5 Digital (corporate experiences and events), Glimpse Learning and Glimpse Lenses. The company’s U.S.-based operations target B2B and B2B2C customers across verticals such as corporate training, education, healthcare, government/defense, marketing, retail, media, and events, selling through dedicated entity sales teams and occasional distribution partnerships.

Summary from filing dated 2025-09-29

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Total Revenue	11	9	13	7	3
Cost of goods sold	3	3	4	1	1
Gross profit	7	6	9	6	2
Research and development expenses	3	5	9	6	3
General and administrative expenses	4	4	5	4	2
Sales and marketing expenses	2	3	7	3	1
Amortization of acquisition intangible assets	430,000	1	2	481,515	—
Goodwill impairment	—	379,038	13	13	—
Intangible asset impairment	—	3	2	—	—
Change in fair value of acquisition contingent consideration	102,412	−4	−696,722	−2	—
Total operating expenses	10	12	38	12	8
Loss from operations before other income	−3	−7	−29	−6	−6
Interest income	189,683	221,764	242,401	32,227	6,202
Net loss	−3	−6	−29	−6	−6
Basic net income (loss) per share	−0.13	−0.38	−2.05	−0.51	−0.84
Diluted net income (loss) per share	−0.13	−0.38	−2.05	−0.51	—
Weighted-average common shares outstanding for net loss per share, basic	20	17	14	12	7
Weighted-average common shares outstanding for net loss per share, diluted	20	17	14	12	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-07-31	FY 2022 2022-06-30
Cash and cash equivalents	7	2	6	—	16
Accounts receivable	840,551	723,032	1	—	1
Deferred costs	48,971	170,781	—	—	—
Notes receivable	160,600	—	—	—	—
Prepaid expenses and other current assets	289,810	778,181	562,163	—	389,618
Total current assets	8	4	8	—	18
Equipment and leasehold improvements, net	54,898	167,325	264,451	—	245,970
Right-of-use assets, net	122,094	452,808	627,832	430,000	—
Intangible assets, net	60,717	487,867	4	—	4
Goodwill	11	11	11	—	13
Other assets	11,100	72,714	71,767	—	121,865
Total assets	19	16	24	—	38
Accounts payable	228,371	181,668	455,777	—	340,139
Accrued liabilities	446,896	340,979	635,616	—	188,417
Deferred revenue	52,576	72,788	466,393	—	841,389
Lease liabilities, current portion	127,046	364,688	405,948	90,000	—
Contingent consideration for acquisitions, current portion	1	1	5	—	2
Total current liabilities	2	2	8	—	4
Contingent consideration for acquisitions, net of current portion	—	1	5	—	5
Lease liabilities, net of current portion	4,704	178,824	423,454	340,000	450,000
Total liabilities	2	4	13	—	10
Commitments and contingencies	—	—	—	—	—
Preferred Stock, par value $0.001 per share, 20 million shares authorized; 0 shares issued and outstanding	—	—	—	—	—
Common Stock, par value $0.001 per share, 300 million shares authorized; 21,055,506 and 18,158,217 issued and outstanding, respectively	21,056	18,158	14,702	—	12,749
Additional paid-in capital	83	75	68	—	57
Accumulated deficit	−66	−63	−57	—	−28
Total stockholders equity	17	12	11	—	29
Total liabilities and stockholders equity	19	16	24	—	38

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Amortization and depreciation	508,135	1	2	540,196	—
Common stock and stock option based compensation for employees and board of directors	984,143	2	5	3	3
Net gain on divestiture of subsidiaries	−1	−1	—	—	—
Reserve on notes received in connection with divestiture of subsidiaries	2	1	—	—	—
Gain on office lease termination	−34,660	—	—	—	—
Accrued non cash performance bonus fair value adjustment	—	−551,239	—	—	—
Impairment of intangible assets	—	3	15	—	—
Issuance of common stock to vendors	4,601	100,372	5,238	188,336	134,416
Adjustment to operating lease right-of-use assets and liabilities	−46,062	−110,866	−8,330	—	—
Accounts receivable	−117,519	730,738	132,193	−295,076	−411,571
Deferred costs	121,810	−12,229	—	—	—
Prepaid expenses and other current assets	488,371	−216,018	−182,410	−330,496	−25,933
Other assets	5,349	−948	149,963	−32,000	—
Accounts payable	46,703	−274,109	−419,716	−132,032	260,002
Accrued liabilities	109,062	−294,637	−120,181	−73,475	97,068
Deferred revenue	−1,034	−393,605	—	—	−231,937
Net cash used in operating activities	−270,000	−5	−9	−5	−1
Purchase of leasehold improvements and equipment	−42,508	−31,548	—	−201,998	−28,003
Payment of contingent consideration for acquisition	−2	−1	−1	—	—
Cash used in investing activities	−2	−2	−4	−5	−28,003
Proceeds from securities purchase agreement, net	7	3	—	14	—
Proceeds from exercise of warrants	175,760	—	—	—	—
Issuance of notes receivable	−189,000	—	—	—	—
Notes receivable repayments	28,400	—	—	—	—
Net cash provided by financing activities	7	3	66,111	26	2
Net change in cash and cash equivalents	5	−4	−13	16	737,083
Issuance of common stock for satisfaction of contingent liability	—	974,646	3	—	46,958
Issuance of common stock for non cash performance bonus	—	490,357	—	—	—
Lease liabilities arising from right-of-use assets	20,344	—	429,329	—	—

Filings

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