The Glimpse Group Inc's Business Segments

The Glimpse Group, Inc., incorporated in June 2016 and headquartered in New York, New York, is an immersive technology company specializing in enterprise-focused Virtual Reality (VR), Augmented Reality (AR), and Spatial Computing software and services. The company operates through a diversified ecosystem of entities in the United States, serving industry verticals including Corporate Training, Education, Healthcare, Government & Defense, Branding/Marketing/Advertising, Retail, Media & Entertainment, Corporate Events, and Social VR support groups and therapy. Glimpse primarily targets business-to-business (B2B) and business-to-business-to-consumer (B2B2C) segments and maintains a hardware-agnostic approach. In fiscal year 2024, the company shifted its focus to immersive technology solutions driven by Spatial Computing, Cloud, and Artificial Intelligence (AI), exemplified by its product "Spatial Core," developed by Brightline Interactive, LLC. The Glimpse ecosystem includes entities such as Brightline Interactive, Sector 5 Digital, Glimpse Learning, and Glimpse Lenses, which collaborate to reduce costs, accelerate time-to-market, and enhance go-to-market synergies. The company maintains a centralized corporate structure to streamline operations and capital allocation. In fiscal year 2025, Glimpse divested its subsidiary QReal, LLC as part of its strategic realignment around Spatial Core.

The Company operates a single reportable segment focused on immersive technology software development and commercialization. It generates revenue primarily in the United States and manages all business activities on a consolidated basis. Services are delivered to customers in a consistent manner. The Chief Executive Officer serves as the chief operating decision maker, reviewing consolidated financial information to allocate resources, evaluate performance, and make operating decisions. Segment profit or loss is measured by net cash used in operating activities, consistent with the consolidated financial statements. The accounting policies for the segment align with those of the consolidated financial statements. The level of detail and amounts of significant revenue and cash expenses provided to the chief operating decision maker correspond to those in the consolidated statement of cash flows. Segment assets are reported as total assets on the consolidated balance sheets.