Business
The Glimpse Group Reports Fiscal Year 2025 Financial Results
Revenue Growth, Essentially Breakeven Cashflow, AI-Centric DoW Contracts and Strategic Plan To Unlock Significant Value NEW YORK, NY / ACCESS Newswire /
About this update from The Glimpse Group, Inc.
[{"type":"text","content":"Revenue Growth, Essentially Breakeven Cashflow, AI-Centric DoW Contracts and Strategic Plan To Unlock Significant Value NEW YORK, NY / ACCESS Newswire / September 30, 2025 / The Glimpse Group, Inc. (\"Glimpse\") (NASDAQ:VRAR), a diversified Immersive Technology platform company providing enterprise-focused Immersive Technology, Spatial Computing and Artificial Intelligence (\"AI\") driven software and services, announced financial results for its fiscal year 2025, ended June 30, 2025 (\"FY '25\").Business Commentary by President & CEO Lyron BentovimFinancial Summary:FY '25 revenue of approximately $10.5 million, an increase of approximately 20% compared to FY '24 revenue of approximately $8.8 million. The increase was primarily driven by an increase in SpatialCore revenues and despite the divestiture of non-core entities.Q4 FY '25 (April - June '25) revenue of approximately $3.5 million, an approximate 105% increase compared to Q4 FY '24 revenue of approximately $1.7 million, and an approximate 150% increase compared to Q3 FY '25 (Jan-March '25) revenue of approximately $1.4 million.Gross Margin for FY ‘25 was approximately 67.5%, on par with 67% for FY ‘24. We expect our Gross Margins to remain in the 65-75% range, due to a larger portion of revenue coming from SpatialCore and software license sales.We were essentially cash breakeven for the fiscal year, marking an extraordinary turnaround. Net Operating Cash loss in FY '25 was approximately -$0.27 million, compared to a Net Operating Cash loss of approximately -$5.2 million for FY '24, reflecting our significant reorganization efforts, cost reductions, revenue growth and maintenance of high gross margins.The Company's cash and equivalent position as of June 30, 2025 was approximately $6.85 million, with an additional $0.85 million in accounts receivable.We continue to maintain a clean capital structure with no debt, no convertible debt and no preferred equity.We expect FY '26 revenue to exceed FY '25. However, given the nature of Brightline's DoW-driven contracts (see below), revenue recognition timing and potential U.S. Government budget delays, the per quarter revenue in FY '26 is expected to be quite choppy with significant movement from quarter to quarter. We expect Q1 FY '26 to be significantly lower than Q4 FY '25 and revenues to grow sequentially in the following quarte...