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Stock impact report

The Glimpse Group Reports Q2 Fiscal Year 2024 Financial Results [Yahoo! Finance]

The Glimpse Group, Inc. (VRAR) 
Company Research Source: Yahoo! Finance
platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, provided financial results for its second quarter fiscal year 2024 ("Q2 FY'24"). Business Summary by President & CEO Lyron Bentovim Q2 FY '24 (October 1, 2023 - December 31, 2023) was highlighted by: Made significant strides toward securing several multi-million dollar annual Spatial Computing/Cloud/AI contracts with large Department of Defense and Commercial entities. While there is no guarantee that these contracts will come to fruition, we are optimistic that they may be signed in the short term. Q2 FY '24 quarterly revenue of approximately $2.1 million, a 29% decrease compared to revenue of approximately $2.95 million in Q2 FY '23. This decline is in line with our previously announced expectations, as we continue to: a) strategically transition our business from predominantly Immersive marketing driven projects to enterprise-scale Spat Show less Read more
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