The Glimpse Group, Inc. Provides Preliminary Unaudited Earnings Results for the First Quarter Ended September 30, 2021
October 14, 2021 at 08:31 am
Share
The Glimpse Group, Inc. provides Preliminary Unaudited earnings results for the first quarter ended September 30, 2021. The Company expects total revenues for First Quarter Fiscal Year 2022 of approximately $1.0 million, representing a significant year-over-year increase of approximately 300% compared to revenues of approximately $0.26 million in First Quarter Fiscal Year 2021. This growth was primarily organic and, on a relative year-to-year basis, was partially impacted by a delay of revenues from First Quarter fiscal year 2021 to Second Quarter Fiscal Year ‘21 due to COVID-19 constraints. The Company expects to continue its rapid organic growth in Fiscal Year 2022, without taking into account additional growth driven by potential accretive acquisitions.
The Glimpse Group, Inc. is a diversified immersive technology platform company engaged in providing enterprise-focused virtual reality (VR), augmented reality (AR) and spatial computing software and services. Its platform of immersive technology subsidiary companies, collaborative environment and diversified business model focuses on simplifying the challenges faced by companies in the emerging immersive technology industry. It develops, commercializes, and markets immersive technology software products, solutions, and intellectual property (IP). Its platform is comprised of various wholly owned subsidiary companies, each targeting different industry segments, including corporate training, education, healthcare, government and defense, branding/marketing/advertising, retail, financial services, food and hospitality, media and entertainment, architecture/engineering/construction (AEC), corporate events and presentations, beauty and cosmetics, and social VR support groups and therapy.
THE GLIMPSE GROUP, INC. 
