In the ever-evolving landscape of technological innovation,
This AI emerger and player in the tech industry is featured in the PRSIM Emerging Next-Gen Tech Index.
Financial Highlights
In mid-November Glimpse reported its Q1 fiscal year 2024 financial results. Quarterly revenues were approximately
Glimpse has been progressing in its strategic shift to Spatial Computing, Cloud and AI driven immersive software solutions with plans to announce significant contracts in the coming months. Future revenues for the second quarter are expected to decline as the company executes its strategic plan, though revenues should be recognized from this shift in the third quarter. Gross margins are expected to remain in the 60-70% range -likely to sit at the higher end of the range, in the second half of the fiscal year.
Stock Metrics and Notable Moves
Glimpse resides in the nano cap universe with a market cap of
The most recent trade-off occurred at the end of September as shares declined by 43%. Glimpse intends to realign its subsidiary companies around three core entities, BLI, QReal and S5D. The Glimpse executive management team believes the streamlined company should generate higher-quality, recurring software revenue over time.
Most recently, Glimpse reported an update related to one of its subsidiaries, QReal. QReal creates, distributes and manages photorealistic, life-like, 3D and Augmented Reality (AR) content. This content is typically integrated in social media campaigns and e-commerce platforms with the goal of increasing sales, improving brand recognition, creating viral content and boosting e-commerce conversion.
QReal announced the completion of a paid engagement to create an interactive SNAP AR Lens in partnership with KillaBears and M7 Innovations. This lens has received exceptional initial activations while exploring the boundaries of AR and Web3.
Its commitment to innovation, financial stability, and transformative projects establishes Glimpse as a participant in the tech revolution, that can provide a glimpse into the limitless possibilities of tomorrow.
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