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The Glimpse Group Inc (NASDAQ: VRAR) |
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Price: $1.3000
$0.07 
5.691%
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| Day's High:
| $1.37
| Week Perf:
| 3.17 %
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| Day's Low: |
$ 1.20 |
30 Day Perf: |
-17.2 % |
| Volume (M): |
149 |
52 Wk High: |
$ 7.00 |
| Volume (M$): |
$ 194 |
52 Wk Avg: |
$1.19 |
| Open: |
$1.20 |
52 Wk Low: |
$0.50 |
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| Market Capitalization (Millions $) |
24 |
| Shares
Outstanding (Millions) |
18 |
| Employees |
29 |
| Revenues (TTM) (Millions $) |
7 |
| Net Income (TTM) (Millions $) |
-7 |
| Cash Flow (TTM) (Millions $) |
-3 |
| Capital Exp. (TTM) (Millions $) |
0 |
The Glimpse Group Inc
The Glimpse Group Inc is a leading virtual and augmented reality company based in New York. It focuses on developing and investing in innovative VR and AR technologies across different industries. The company operates through various subsidiaries that specialize in different aspects of virtual and augmented reality, including software development, content creation, and hardware design. With a diverse portfolio of companies under its umbrella, The Glimpse Group Inc aims to drive the growth and adoption of VR and AR technologies in a wide range of sectors.
Company Address: 15 West 38th St., 12th Fl New York 10018 NY
Company Phone Number: 292-2685 Stock Exchange / Ticker: NASDAQ VRAR
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| Stock Performances by Major Competitors |
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| The Glimpse Group Inc
The Cloud Computing & Data Analytics industry is witnessing rapid growth and innovation, with technological advancements pushing the boundaries of what is possible. Amidst this backdrop, The Glimpse Group Inc, a prominent player in the sector, recently reported a disappointing fiscal third quarter of 2024. However, it is important to put these results into perspective and consider the broader industry dynamics and long-term growth potential.
Revenue Challenges and Losses:
The Glimpse Group Inc saw a significant decrease in revenue, with a disappointing decline of -48.381% to $1.90 million in the fiscal third quarter of 2024, compared to the previous year. The net deficit per share also took a hit, dropping from $-0.38 to $-0.09 during the same time frame. This performance may have raised concerns among investors, leading to a 0.85% decline in the company's stock price in May 2024 thus far.
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| The Glimpse Group Inc
The financial results of The Glimpse Group Inc for the fiscal period ending December 31, 2023, reveal a harsh reality of weak demand and a significant growth in losses. With a decline in revenue and a shortfall per share, it is crucial to interpret the implications of these results and understand how they might impact the company going forward.
Decreased Revenue and Increased Losses:
The financial report for the period of December 31, 2023, highlights a significant decline in revenue, plunging by -29.626% to $2.08 million from $2.95 million in the previous year. This drop is alarming and indicates a weakness in the demand for The Glimpse Group Inc's products and services.
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| The Glimpse Group Inc
The Glimpse Group Inc is a company that operates in the technology industry, with a focus on developing and commercializing virtual reality (VR) and augmented reality (AR) solutions. The company recently reported its financial results for the July to September 30, 2023 timeframe, and there are some notable changes compared to the previous year.
One significant improvement is the decrease in the loss per share. The company reduced its loss from $0.40 per share in the previous year to just $0.01 per share in the current reporting period. This indicates that the company has been able to control its costs and improve its financial performance. Additionally, the income per share also improved, going from $-1.30 per share in the previous reporting period to an unspecified positive amount.
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| The Glimpse Group Inc
In the technology-driven world we live in today, virtual reality and augmented reality (VRAR) have become increasingly popular. The Glimpse Group Inc, a leading player in this emerging industry, recently released its financial results for the April to June 30, 2023, period. This article aims to analyze the company's financial performance, contextualize the results, and provide insights into the future prospects of The Glimpse Group Inc.
Financial Performance Overview
During the April to June 30, 2023, time frame, The Glimpse Group Inc reported a notable increase in its shortfall per share, amounting to $-1.30 per share. This represents a significant decline compared to the $-0.08 per share reported a year earlier. Moreover, the company witnessed a surge in shortfall from $-0.38 per share in the prior reporting period.
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| The Glimpse Group Inc
The Glimpse Group Inc, a virtual and augmented reality technology company, has recently released its Q3 financial results for 2023. The report indicates that while the company has seen an impressive growth in revenue, earnings per share have declined significantly compared to the same period last year. For the third quarter of 2023, VRAR increased a shortfall per share of $-0.38, a significant increase from the $-0.14 recorded a year ago. Additionally, income per share fell from $0.07 in the previous reporting period, indicating a dip in profitability.
Despite the decline in earnings per share, the company reported a strong revenue growth of 78.938% to $3.67 million from $2.05 million in the comparable reporting period a year ago. Moreover, revenue improved sequentially by 24.465% from $2.95 million. While revenue growth is impressive, it appears that the company is struggling to convert it into profits.
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| Per Share |
Current |
| Earnings (TTM) |
-0.38 $ |
| Revenues (TTM) |
0.41 $
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| Cash Flow (TTM) |
- |
| Cash |
0.08 $
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| Book Value |
0.6 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
-0.38 $
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| Revenues (TTM) |
0.41 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.08 $
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| Book Value |
0.6 $ |
| Dividend (TTM) |
0 $ |
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| Transferred at Point in Time |
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 89.56 % |
of total Revenue |
| Transferred over Time |
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10.44 % |
of total Revenue |
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