New Risk • Jun 25
New major risk - Revenue and earnings growth Earnings have declined by 1.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (€14.8m market cap, or US$16.8m). Board Change • Jun 04
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Tamar Elkeles is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • May 20
Third quarter 2026 earnings released: US$0.60 loss per share (vs US$0.072 loss in 3Q 2025) Third quarter 2026 results: US$0.60 loss per share (further deteriorated from US$0.072 loss in 3Q 2025). Revenue: US$657.5k (down 54% from 3Q 2025). Net loss: US$12.7m (loss widened US$11.2m from 3Q 2025). Revenue is forecast to grow 70% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Announcement • May 15
The Glimpse Group, Inc. has filed a Follow-on Equity Offering in the amount of $1.842268 million. The Glimpse Group, Inc. has filed a Follow-on Equity Offering in the amount of $1.842268 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 622,306
Price\Range: $0.55
Security Name: Pre Funded Warrants
Security Type: Equity Warrant
Securities Offered: 2,732,240
Price\Range: $0.549
Security Name: Common Warrants
Security Type: Equity Warrant
Securities Offered: 4,193,182
Transaction Features: Registered Direct Offering Announcement • May 11
The Glimpse Group, Inc. to Report Q3, 2026 Results on May 14, 2026 The Glimpse Group, Inc. announced that they will report Q3, 2026 results After-Market on May 14, 2026 Announcement • Mar 19
The Glimpse Group, Inc. Receives Notification of Non-Compliance with Nasdaq Minimum Bid Price Requirement On March 13, 2026, The Glimpse Group, Inc. (the Company) received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq) notifying the Company that, because the closing bid price for the Company's common stock listed on Nasdaq was below $1.00 for the prior 30 consecutive business days, the Company no longer meets the minimum bid price requirement for continued listing on the Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2), requiring a minimum bid price of at least $1.00 per share (the Minimum Bid Price Requirement). The notification has no immediate effect on the listing of the Company's common stock. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from March 13, 2026, or until September 9, 2026, to regain compliance with the Minimum Bid Price Requirement. If at any time before September 9, 2026, the bid price of the Company's common stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the Minimum Bid Price Requirement. The notification letter also disclosed that in the event the Company does not regain compliance with the Minimum Bid Price Requirement by September 9, 2026, the Company may be eligible for additional time. To qualify for additional time, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and would need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days to regain compliance. However, if it appears to the staff of Nasdaq (the Staff) that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, the Staff would notify the Company that its securities will be subject to delisting. The Company's receipt of the notification letter has no immediate effect on the listing of the Company's shares, which will continue to trade uninterrupted on Nasdaq under the ticker GGRP. In addition, it does not affect the Company's business, operations or reporting requirements with the Securities and Exchange Commission. In order to regain compliance with the Minimum Bid Price Requirement, the Company may consider various potential measures to resolve the deficiency. The Board of Directors of the Company will continue to explore all options to maximize shareholder value. Announcement • Feb 11
The Glimpse Group, Inc. to Report Q2, 2026 Results on Feb 17, 2026 The Glimpse Group, Inc. announced that they will report Q2, 2026 results at 8:30 AM, US Eastern Standard Time on Feb 17, 2026 Announcement • Nov 07
The Glimpse Group, Inc. to Report Q1, 2026 Results on Nov 13, 2025 The Glimpse Group, Inc. announced that they will report Q1, 2026 results After-Market on Nov 13, 2025 Announcement • Nov 03
The Glimpse Group, Inc., Annual General Meeting, Dec 18, 2025 The Glimpse Group, Inc., Annual General Meeting, Dec 18, 2025. Location: 15 west 38th st., 4th floor, new york 10018 United States Announcement • Sep 19
The Glimpse Group, Inc. to Report Fiscal Year 2025 Results on Sep 30, 2025 The Glimpse Group, Inc. announced that they will report fiscal year 2025 results at 9:30 AM, US Eastern Standard Time on Sep 30, 2025 Announcement • Jul 15
The Glimpse Group, Inc. Provides Preliminary Unaudited Earnings Guidance for Fourth Quarter Ended June 30, 2025 The Glimpse Group provided preliminary unaudited earnings guidance for fourth quarter ended June 30, 2025. The Company expects total revenues for Fourth Quarter FY’25 to be approximately $3.50 million, representing: a) an increase of approximately 100% compared to revenues of $1.73 million in Fourth Quarter FY’24, and b) an increase of approximately 150% compared to revenues of $1.42 million in Third Quarter FY’25. Announcement • Jul 11
The Glimpse Group, Inc. has filed a Follow-on Equity Offering. The Glimpse Group, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Announcement • May 09
The Glimpse Group, Inc. to Report Q3, 2025 Results on May 15, 2025 The Glimpse Group, Inc. announced that they will report Q3, 2025 results Pre-Market on May 15, 2025 Announcement • Feb 15
The Glimpse Group, Inc. Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year Ending June 30, 2025 The Glimpse Group, Inc. provided earnings guidance for the third quarter, fourth quarter and full year ending June 30, 2025. For the quarter, the company expects decline in revenue ($1.5-2 million).
For the fourth quarter, the company expects ($3.3-4.0 million revenue).
For the year, the company expects revenue to exceed $11 million, compared to $8.8 million for Fiscal Year ‘24 (ended June 30, 2024), a 25%+ increase in annual revenue. Announcement • Feb 07
The Glimpse Group, Inc. to Report Q2, 2025 Results on Feb 13, 2025 The Glimpse Group, Inc. announced that they will report Q2, 2025 results Pre-Market on Feb 13, 2025 Reported Earnings • Nov 17
First quarter 2025 earnings released: US$0.056 loss per share (vs US$0.008 loss in 1Q 2024) First quarter 2025 results: US$0.056 loss per share (further deteriorated from US$0.008 loss in 1Q 2024). Revenue: US$2.44m (down 22% from 1Q 2024). Net loss: US$1.01m (loss widened US$894.7k from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. Announcement • Nov 15
The Glimpse Group, Inc. Provides Revenue Guidance for the Fiscal Year Ending June 30, 2025 The Glimpse Group, Inc. provided revenue guidance for the fiscal year ending June 30, 2025. The company expects revenue in the next three upcoming quarters to exceed $3 million on average per quarter, and aggregate revenue for fiscal year 2025 (ending June 30, 2025) to be in the $11 million to $12 million range compared to $8.8 million for fiscal year 2024 (ended June 30, 2024), a 25% to 35% increase in annual revenue. This expected growth will be primarily driven by an increase in Spatial Core revenues, as well as potential growth in its other businesses. Announcement • Nov 12
The Glimpse Group, Inc. to Report Q1, 2025 Results on Nov 14, 2024 The Glimpse Group, Inc. announced that they will report Q1, 2025 results After-Market on Nov 14, 2024 Announcement • Oct 22
The Glimpse Group, Inc., Annual General Meeting, Dec 13, 2024 The Glimpse Group, Inc., Annual General Meeting, Dec 13, 2024. Location: 15 west 38th st., 4th fl, ny 10018, new york United States Reported Earnings • Oct 02
Full year 2024 earnings released: US$0.38 loss per share (vs US$2.05 loss in FY 2023) Full year 2024 results: US$0.38 loss per share (improved from US$2.05 loss in FY 2023). Revenue: US$8.80m (down 35% from FY 2023). Net loss: US$6.39m (loss narrowed 78% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Announcement • Sep 20
The Glimpse Group, Inc. to Report Fiscal Year 2024 Results on Sep 30, 2024 The Glimpse Group, Inc. announced that they will report fiscal year 2024 results at 4:00 PM, US Eastern Standard Time on Sep 30, 2024 Announcement • Sep 10
The Glimpse Group Receives Non-Compliance Letter from Nasdaq Regarding Minimum Bid Price Requirement On September 3, 2024, The Glimpse Group, Inc. received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that, because the closing bid price for the Company's common stock listed on Nasdaq was below $1.00 for the prior 30 consecutive business days, the Company no longer meets the minimum bid price requirement for continued listing on the Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2), requiring a minimum bid price of $1.00 per share (the Minimum Bid Price Requirement"). The notification has no immediate effect on the listing of the Company's common stock. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from September 3, 2024, or until March 3, 2025, to regain compliance with the Minimum Bid Price Requirement. If at any time before March 3, 2025, the bid price of the Company's common stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the Minimum Bid Price Requirement. The notification letter also disclosed that in the event the Company does not regain compliance with the Minimum Bid Price Requirement by March 3, 2025, the Company may be eligible for additional time. To qualify for additional time, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and would need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days to regain compliance. However, if it appears to the staff of Nasdaq (the Staff") that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, the Staff would notify the Company that its securities will be subject to delisting. The Company's receipt of the notification letter has no immediate effect on the listing of the Company's shares, which will continue to trade uninterrupted on Nasdaq under the ticker VRAR". In addition, it does not affect the Company's business, operations or reporting requirements with the Securities and Exchange Commission. In order to regain compliance with the Minimum Bid Price Requirements, the Company may consider various potential measures to resolve the deficiency, such as: leveraging its unutilized share buyback pool, insider buying and press releases announcing significant business developments when/if those materialize. Such measures, if any are taken, may help cure the deficiency in due time. The Company is not considering a reverse stock split at this time. The Board of Directors of the Company will continue to explore all options to maximize shareholder value. New Risk • Aug 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$5.9m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$2.0m net loss next year). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (€15.3m market cap, or US$17.0m). Reported Earnings • May 17
Third quarter 2024 earnings released: US$0.09 loss per share (vs US$0.38 loss in 3Q 2023) Third quarter 2024 results: US$0.09 loss per share (improved from US$0.38 loss in 3Q 2023). Revenue: US$1.90m (down 48% from 3Q 2023). Net loss: US$1.54m (loss narrowed 71% from 3Q 2023). Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the IT industry in Germany. Announcement • May 10
The Glimpse Group, Inc. to Report Q3, 2024 Results on May 15, 2024 The Glimpse Group, Inc. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on May 15, 2024 Board Change • May 03
High number of new directors Independent Director Tamar Elkeles was the last director to join the board, commencing their role in 2024. Announcement • Apr 30
The Glimpse Group, Inc. Announces Board Changes The Glimpse Group, Inc. has appointed Dr. Tamar Elkeles to its Board as an independent director effective April 29, 2024. Dr. Elkeles has nearly 30 years of experience in the high technology industry. She was the Chief Learning Officer at Qualcomm from 1992-2015. Afterward, she served in senior executive positions at several technology companies and investment firms. Dr. Elkeles recently served on the Board of Directors of GP Strategies Corporation, an NYSE company until its sale to Learning Technologies Group, a London Stock Exchange company. She currently serves on the Board of Directors of OpenSesame and on the Board of Advisors of the Forbes School of Business & Technology at The University of Arizona. Dr. Elkeles also serves as a strategic advisor to several start-up companies in the technology sector. She holds both an M.S. and Ph.D. in Organizational Psychology. Dr. Elkeles replaces Jeff Meisner, Glimpse's Chief Revenue Officer, who is retiring from the Board effective April 29, 2024 and is expected to retire from the Company in July 2024. Reported Earnings • Feb 16
Second quarter 2024 earnings released: US$0.044 loss per share (vs US$0.095 profit in 2Q 2023) Second quarter 2024 results: US$0.044 loss per share (down from US$0.095 profit in 2Q 2023). Revenue: US$2.08m (down 30% from 2Q 2023). Net loss: US$738.4k (down 156% from profit in 2Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the IT industry in Germany. Announcement • Feb 06
The Glimpse Group, Inc. to Report Q2, 2024 Results on Feb 14, 2024 The Glimpse Group, Inc. announced that they will report Q2, 2024 results After-Market on Feb 14, 2024 Announcement • Dec 17
The Glimpse Group, Inc. Announces Board Resignations Effective as of December 15, 2023, D.J. Smith and Sharon Rowlands resigned from the Board of Directors of The Glimpse Group, Inc. (the “Company”). D.J. Smith will continue in his position as the Company’s Chief Creative Officer. Mr. Smith and Ms. Rowlands’ resignations are not as a result of any disagreements with the Company on any matters relating to its operations, policies, or practices. Announcement • Nov 17
The Glimpse Group, Inc. Reports Unaudited Consolidated Impairment Charges Results for the First Quarter Ended September 30, 2023 The Glimpse Group, Inc. reported unaudited consolidated impairment charges results for the first quarter ended September 30, 2023. For the quarter, the company reported intangible asset impairment (inclusive of $379,038 goodwill impairment) of $892,929. Reported Earnings • Nov 17
First quarter 2024 earnings released: US$0.008 loss per share (vs US$0.40 loss in 1Q 2023) First quarter 2024 results: US$0.008 loss per share (improved from US$0.40 loss in 1Q 2023). Revenue: US$3.10m (down 21% from 1Q 2023). Net loss: US$119.4k (loss narrowed 98% from 1Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the IT industry in Germany. Announcement • Nov 17
The Glimpse Group, Inc. Provides Revenue Guidance for the Second Quarter and Third Quarter of the Fiscal Year 2024 The Glimpse Group, Inc. provided revenue guidance for the second quarter and third quarter of the fiscal year 2024. For the second quarter, the company expects to have lower revenue.For the third quarter, the company expects rebound in revenue as the company begin to recognize revenue relating to its strategic shift. Announcement • Nov 08
The Glimpse Group, Inc. to Report Q1, 2024 Results on Nov 14, 2023 The Glimpse Group, Inc. announced that they will report Q1, 2024 results on Nov 14, 2023 Board Change • Oct 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chief Revenue Officer & Director Jeff Meisner was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 19
The Glimpse Group, Inc., Annual General Meeting, Dec 15, 2023 The Glimpse Group, Inc., Annual General Meeting, Dec 15, 2023, at 09:30 US Eastern Standard Time. Location: 15 West 38th St., 12th Fl New York United States Agenda: To consider and Re-elect seven directors to the Board of Directors of The Glimpse Group, Inc to serve on a classified board until their respective class term has run and their successors are duly elected and qualified or until their earlier resignation or removal; to consider and hold an advisory vote on executive compensation; to consider Ratify the appointment of Hoberman & Lesser CPA's, LLP as the independent registered public accounting firm of the Company for the fiscal year ending June 30, 2024. Reported Earnings • Sep 30
Full year 2023 earnings released: US$2.05 loss per share (vs US$0.51 loss in FY 2022) Full year 2023 results: US$2.05 loss per share (further deteriorated from US$0.51 loss in FY 2022). Revenue: US$13.5m (up 86% from FY 2022). Net loss: US$28.6m (loss widened 379% from FY 2022). Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the IT industry in Germany. Announcement • Sep 21
The Glimpse Group, Inc. to Report Fiscal Year 2023 Results on Sep 28, 2023 The Glimpse Group, Inc. announced that they will report fiscal year 2023 results After-Market on Sep 28, 2023 Reported Earnings • May 16
Third quarter 2023 earnings released: US$0.38 loss per share (vs US$0.14 loss in 3Q 2022) Third quarter 2023 results: US$0.38 loss per share (further deteriorated from US$0.14 loss in 3Q 2022). Revenue: US$3.67m (up 79% from 3Q 2022). Net loss: US$5.22m (loss widened 198% from 3Q 2022). Board Change • Feb 23
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chief Revenue Officer & Director Jeff Meisner was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Second quarter 2023 earnings released: EPS: US$0.095 (vs US$0.14 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.095 (up from US$0.14 loss in 2Q 2022). Revenue: US$2.95m (up 75% from 2Q 2022). Net income: US$1.31m (up US$2.88m from 2Q 2022). Profit margin: 44% (up from net loss in 2Q 2022). Announcement • Feb 02
The Glimpse Group, Inc. to Report Q2, 2023 Results on Feb 14, 2023 The Glimpse Group, Inc. announced that they will report Q2, 2023 results After-Market on Feb 14, 2023 Board Change • Feb 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chief Revenue Officer & Director Jeff Meisner was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chief Revenue Officer & Director Jeff Meisner was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 30
Independent Director recently bought €103k worth of stock On the 27th of December, Lemuel Amen bought around 38k shares on-market at roughly €2.70 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €404k more in shares than they have sold in the last 12 months. Board Change • Nov 23
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chief Revenue Officer & Director Jeff Meisner was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 29
Full year 2022 earnings released: US$0.51 loss per share (vs US$0.84 loss in FY 2021) Full year 2022 results: US$0.51 loss per share (improved from US$0.84 loss in FY 2021). Revenue: US$7.27m (up 112% from FY 2021). Net loss: US$5.97m (loss narrowed 2.1% from FY 2021). Recent Insider Transactions • Jun 14
Independent Director recently bought €57k worth of stock On the 10th of June, Lemuel Amen bought around 15k shares on-market at roughly €3.80 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €329k more in shares than they have sold in the last 12 months. Announcement • May 27
The Glimpse Group, Inc. (NasdaqCM:VRAR) agreed to acquire Brightline Interactive LLC for $32.5 miilion. The Glimpse Group, Inc. (NasdaqCM:VRAR) entered into an merger agreement to acquire Brightline Interactive LLC for $32.5 million on May 26, 2022. Total potential purchase price of $32.5 million with an initial payment of $8 million, $3 million in cash and $5 million in common shares ($7.00 per share) of The Glimpse Group, Inc. and earnout payment of $24.5 million of the potential purchase price is dependent on the achievement of revenue growth milestones over the next three years. for Post deal, Glimpse is expected to have approximately $16 million cash on its balance sheet. In addition, Tyler Gates, Brightline Interactive LLC chief executive officer and Managing Partner will continue as its General Manager post transaction and join Glimpse’s executive team as Chief Futurist. Reported Earnings • May 18
Third quarter 2022 earnings released: US$0.14 loss per share (vs US$0.17 loss in 3Q 2021) Third quarter 2022 results: US$0.14 loss per share. Revenue: US$2.05m (up 124% from 3Q 2021). Net loss: US$1.75m (loss widened 42% from 3Q 2021). Over the next year, revenue is forecast to grow 274%, compared to a 18% growth forecast for the industry in Germany. Announcement • May 06
The Glimpse Group, Inc. to Report Q3, 2022 Results on May 16, 2022 The Glimpse Group, Inc. announced that they will report Q3, 2022 results After-Market on May 16, 2022 Board Change • Apr 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chief Revenue Officer & Director Jeff Meisner was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chief Revenue Officer & Director Jeff Meisner was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 08
Independent Director recently bought €61k worth of stock On the 4th of March, Lemuel Amen bought around 10k shares on-market at roughly €6.07 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €158k more in shares than they have sold in the last 12 months. Board Change • Mar 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chief Revenue Officer & Director Jeff Meisner was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 15
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: US$0.14 loss per share (down from US$0.10 loss in 2Q 2021). Revenue: US$1.69m (up 34% from 2Q 2021). Net loss: US$1.58m (loss widened 113% from 2Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 299%, compared to a 17% growth forecast for the industry in Germany. Announcement • Dec 03
The Glimpse Group, Inc. (NasdaqCM:VRAR) entered into a Membership Interest Sale agreement to acquire Sector 5 Digital, LLC from Jeff Meisner, Jeff Meade, Doug Fidler, and Brandy Cardwell for $27 million. The Glimpse Group, Inc. (NasdaqCM:VRAR) entered into a Membership Interest Sale agreement to acquire Sector 5 Digital, LLC from Jeff Meisner, Jeff Meade, Doug Fidler, and Brandy Cardwell for $27 million on December 2, 2021. Pursuant to the terms, Glimpse Group will pay an upfront consideration of $8 million comprises of $4 million in cash and $4 million in stocks of Glimpse Group. Remaining $19 million is dependent on the achievement of revenue growth milestones over the next three years, $2 million of which is payable in cash and $17 million in shares. Sector 5 Digital reported revenues of approximately $3 million in 2020. Jeff Meisner, founder and Chief Executive Officer of Sector 5 Digital will continue as its General Manager post acquisition and join Glimpse’s executive team as Chief Revenue Officer. Jeff Meisner will also be appointed to Glimpse’s Board of Directors as a non-independent director. Majority shareholders of Glimpse Group have approved the transaction. The transaction is expected to complete in first quarter of 2022. The transaction is expected to be immediately accretive to Glimpse. Recent Insider Transactions • Oct 06
Independent Director recently bought €62k worth of stock On the 1st of October, Lemuel Amen bought around 10k shares on-market at roughly €6.17 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €76k more in shares than they have sold in the last 12 months.