Glimpse Group Inc (The) Stock price
Is Glimpse Group Inc (The) a Top Scorer Stock based on the Dividend, High-Growth-Investing or Leverman Strategy?
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Key metrics
📘 Market Capitalization
📈 What is it?
Market capitalization shows how much a company is currently worth on the stock market.
🧮 How is it calculated?
🏛️ Why is it important?
It helps classify companies by size (Large, Mid, Small Cap) and indicates their market presence and relative stability.
🎯 What does this mean for investors?
- Large-cap companies tend to be more stable, often pay dividends, but may grow more slowly.
- Smaller firms may offer higher growth potential but come with more volatility.
- Market capitalization is a useful indicator of company size — but not a measure of whether a stock is undervalued or overvalued.
📘 Enterprise Value (EV)
📈 What is it?
Enterprise Value represents the total cost to acquire a company — including its debt and excluding its cash reserves.
🧮 How is it calculated?
(= Market Cap + Net Debt)
🏛️ Why is it important?
EV gives a more complete picture of a company's value than market cap alone and is used in key valuation ratios like EV/FCF or EV/Sales.
🎯 What does this mean for investors?
- Enterprise Value shows the true cost of buying a company, including all financial obligations.
- It is more accurate than just looking at market cap, especially when comparing companies with different levels of debt or cash.
- Professional investors prefer EV-based multiples because they better reflect the company’s full financial footprint.
📘 Net Debt
📈 What is it?
Net Debt shows how much debt remains after subtracting a company’s available cash reserves.
🧮 How is it calculated?
🏛️ Why is it important?
It indicates how dependent a company is on borrowed money and how easily it can service its debt in the short term.
🧮 Calculation
🎯 What does this mean for investors?
- Low or negative net debt signals financial strength and flexibility.
- Companies with strong cash positions are better positioned in crises.
- High net debt increases financial risk — especially in environments with rising interest rates or economic downturns.
📘 Cash
📈 What is it?
Cash represents all liquid assets a company can access immediately — including cash, bank deposits, and short-term investments.
🧮 How is it calculated?
🏛️ Why is it important?
It reflects a company’s financial flexibility and resilience — enabling investments, buybacks, or buffer in downturns.
🧮 Calculation
🎯 What does this mean for investors?
- A strong cash position means greater room for maneuver and crisis resistance.
- Cash-rich companies can invest, pay down debt, or repurchase shares.
- But excess idle cash might indicate a lack of growth opportunities.
📘 Shares Outstanding
📈 What is it?
Shares outstanding represent the total number of a company’s shares currently held by investors — excluding treasury stock.
🧮 How is it calculated?
🏛️ Why is it important?
It’s the basis for key metrics like Earnings Per Share (EPS), Market Capitalization, or the Price/Earnings ratio (P/E).
🧮 Calculation
🎯 What does this mean for investors?
- Fewer shares in circulation typically increase earnings per share — making each share more valuable.
- Share buybacks reduce the number of shares and boost per-share metrics.
- Issuing new shares does the opposite — diluting shareholder value and lowering per-share figures.
📘 Price-to-Earnings Ratio (P/E)
📈 What is it?
The P/E ratio shows how many times a company's earnings per share are reflected in its current share price — in other words, how "expensive" the stock appears relative to its profits.
🧮 How is it calculated?
🏛️ Why is it important?
The P/E ratio is one of the most widely used valuation metrics. It helps investors assess whether a stock appears cheap or expensive compared to its earnings power.
🧮 Calculation
📊 P/E (TTM) = Based on earnings from the last 12 months (Trailing Twelve Months):🎯 What does this mean for investors?
- A low P/E may indicate undervaluation — or signal underlying issues.
- A high P/E may reflect strong growth expectations — or an overvalued stock.
📘 Price-to-Sales Ratio (P/S)
📈 What is it?
The P/S ratio shows how much investors are paying for $1 of the company’s revenue – regardless of profitability.
🧮 How is it calculated?
🏛️ Why is it important?
P/S is especially useful for evaluating growth companies or businesses not yet profitable. It reflects how the market values the company’s sales.
🎯 What does this mean for investors?
- A low P/S may indicate undervaluation — or low profitability.
- A high P/S can reflect strong growth expectations — or excessive optimism.
- Especially helpful when evaluating companies where profits are low, volatile, or negative.
📘 Enterprise Value to Sales (EV/Sales)
📈 What is it?
EV/Sales shows how much investors are paying for $1 of revenue — considering not just equity, but also debt and cash. It’s the capital structure–adjusted version of the P/S ratio.
🧮 How is it calculated?
🏛️ Why is it important?
It’s ideal for comparing companies with different levels of debt. It reflects a company's true cost relative to its revenue.
🎯 What does this mean for investors?
- EV/Sales allows for capital structure–neutral company comparisons.
- A lower ratio may indicate undervaluation; a higher one may signal strong growth expectations or overvaluation.
- Especially helpful when evaluating high-growth companies with low or negative earnings.
📘 Enterprise Value to Free Cash Flow (EV/FCF)
📈 What is it?
EV/FCF shows how many years it would take for a company to "pay back" its enterprise value using its free cash flow.
🧮 How is it calculated?
🏛️ Why is it important?
It focuses on real cash generation, ignoring accounting noise — ideal for assessing profitability and value based on liquidity, not earnings.
🎯 What does this mean for investors?
- A low EV/FCF may signal undervaluation and strong cash generation.
- A high EV/FCF might reflect weak recent cash flow or aggressive growth expectations.
- Best suited for stable, mature businesses with predictable free cash flows.
📘 Price-to-Book Ratio (P/B)
📈 What is it?
The P/B ratio compares a company’s market value to its book value — showing how much investors are paying for each dollar of net assets.
🧮 How is it calculated?
🏛️ Why is it important?
P/B is commonly used for asset-heavy industries like banks or industrials. It helps assess whether a stock is trading above or below its net asset value.
🎯 What does this mean for investors?
- A P/B below 1 may signal undervaluation — or weak profitability.
- A P/B above 1 implies the market expects future value creation (e.g., brand, IP, growth).
- Best used for companies with tangible assets and strong balance sheets.
📘 Equity Ratio
📈 What is it?
The equity ratio indicates what portion of a company’s total assets is financed by shareholders’ equity – in other words, how much it relies on its own capital.
🧮 How is it calculated?
🏛️ Why is it important?
A high equity ratio reflects financial strength and stability, especially during downturns. It’s a key indicator of a company’s solvency and long-term risk profile.
🧮 Calculation
🎯 What does this mean for investors?
- Companies with high equity ratios are generally more resilient and less dependent on external debt.
- Low equity ratios can signal higher risk or aggressive financial strategies.
- Important: Always assess the equity ratio in combination with the return on equity (ROE). This shows not just how stable the company is – but also how efficiently it uses shareholder capital.
📘 Return on Equity (ROE)
📈 What is it?
Return on equity (ROE) shows how efficiently a company uses its shareholders’ equity to generate profit. In other words: how much net income is earned per dollar of equity.
🧮 How is it calculated?
🏛️ Why is it important?
ROE is a core profitability metric. It helps investors understand whether a company delivers attractive returns on the capital provided by its shareholders.
🧮 Calculation
🎯 What does this mean for investors?
- A high ROE indicates that the company is using its capital efficiently and profitably.
- It’s especially meaningful for capital-intensive businesses or firms with high equity bases.
- Important: A very high ROE can also result from high debt levels – always interpret it alongside the equity ratio to assess financial health.
📘 Return on Capital Employed (ROCE)
📈 What is it?
ROCE measures how efficiently a company generates profits from its total capital – including both equity and interest-bearing debt.
🧮 How is it calculated?
It evaluates the return on all capital employed, regardless of how it’s financed.
🏛️ Why is it important?
ROCE is ideal for comparing companies with different financing structures. It shows how well management uses capital to create value for both shareholders and creditors.
🧮 Calculation
🎯 What does this mean for investors?
- A high ROCE means the company uses its capital efficiently – regardless of whether it's funded by debt or equity.
- The higher the ROCE compared to peers, the more value the company creates with its invested capital.
- Especially relevant for capital-intensive sectors like industrials, energy, or infrastructure.
📘 Return on Invested Capital (ROIC)
📈 What is it?
ROIC measures how efficiently a company generates returns from the capital invested in its core operations – regardless of whether the capital comes from equity or debt.
🧮 How is it calculated?
- NOPAT = Net Operating Profit After Taxes
- Invested Capital = Operating assets minus non-interest-bearing liabilities
🏛️ Why is it important?
ROIC is one of the most accurate indicators of capital efficiency. Unlike return on equity, it is not distorted by leverage and shows how much value is created for all capital providers.
🎯 What does this mean for investors?
- A high ROIC shows how effectively a company uses the capital that is truly invested in its core operations.
- Unlike ROCE, ROIC focuses only on the capital that is actively used to run the business – and that requires a return (i.e. interest-bearing).
- Especially useful when comparing companies with large amounts of excess cash or non-interest-bearing liabilities – giving a more realistic picture of capital efficiency.
📘 Leverage Ratio (Debt-to-Equity)
📈 What is it?
The leverage ratio indicates how much a company relies on interest-bearing debt (such as loans and bonds) relative to its shareholders’ equity.
🧮 How is it calculated?
🏛️ Why is it important?
This ratio helps assess a company’s financial structure and risk profile. High leverage can enhance returns – but also increases exposure to interest rate changes and financial stress.
🧮 Calculation
🎯 What does this mean for investors?
- A low leverage ratio signals financial strength and independence.
- A higher ratio can improve returns in good times but increases risk during downturns or rising interest rate periods.
- 👉 Always interpret in the context of industry, capital intensity, and interest rate environment.
📘 Revenue
📈 What is it?
Revenue shows how much a company earns in total from selling its products and services – the gross income before any costs are deducted.
🧮 How is it calculated?
🏛️ Why is it important?
Revenue is one of the key figures to assess a company’s size, market position, and growth potential.
🧮 Calculation
🎯 What does this mean for investors?
- Growing revenue indicates rising demand and can be an early signal of future earnings growth.
- Comparing actual and expected revenue reveals trends in the market environment and analyst sentiment.
- Note: Strong revenue alone isn’t enough – margins and profitability matter just as much.
📘 EBITDA
📈 What is it?
EBITDA stands for “Earnings Before Interest, Taxes, Depreciation, and Amortization.” It reflects a company’s operating profit before the effects of financing, taxes, and accounting depreciation.
🧮 How is it calculated?
🏛️ Why is it important?
EBITDA is widely used to evaluate a company’s operating performance – especially across capital-intensive sectors or international comparisons.
🧮 Calculation
🎯 What does this mean for investors?
- A high or growing EBITDA indicates strong operational profitability – independent of taxes, interest, or accounting methods.
- It’s especially useful for comparing companies across sectors or geographies.
- Important: EBITDA is not a net income figure – it excludes key costs like depreciation and interest.
📘 EBIT
📈 What is it?
EBIT stands for “Earnings Before Interest and Taxes.” It reflects a company’s operating profit after depreciation, but before interest and tax expenses.
🧮 How is it calculated?
🏛️ Why is it important?
EBIT is a core profitability metric that shows how well the company performs in its main business operations – independent of capital structure and tax environment.
🧮 Calculation
🎯 What does this mean for investors?
- A high EBIT indicates strong profitability from the company’s core business – before financial and tax effects.
- It allows better comparison between companies with different debt levels or tax structures.
- Compared to EBITDA, EBIT already accounts for depreciation and reflects capital intensity more clearly.
📘 Net Income
📈 What is it?
Net income is the company’s total profit – the amount left after all expenses, taxes, interest, and depreciation have been deducted.
🧮 How is it calculated?
🏛️ Why is it important?
Net income is the most comprehensive measure of a company’s profitability – showing how much actual profit remains after all business and financing costs.
🧮 Calculation
🎯 What does this mean for investors?
- Growing net income indicates that the company is managing all of its costs efficiently.
- It directly influences valuation metrics like P/E ratio and the company’s dividend capacity.
- Over time, net income trends reveal how resilient and profitable the business model really is.
📘 Free Cash Flow (FCF)
📈 What is it?
Free Cash Flow shows how much actual cash remains after a company covers its operating expenses and capital expenditures.
🧮 How is it calculated?
🏛️ Why is it important?
FCF reflects a company’s real financial strength – regardless of accounting profits. It shows how much flexibility a company has for dividends, share buybacks, or debt reduction.
🧮 Calculation
🎯 What does this mean for investors?
- High free cash flow means the company generates real, usable cash – independent of reported net income.
- It’s often the most reliable base for sustainable dividends and buybacks.
- Declining FCF can be an early warning sign – even when profits appear stable.
📘 Revenue Growth
📈 What is it?
Revenue growth shows how much a company’s sales have changed compared to the previous year – both on a trailing basis (TTM) and based on forward projections.
🧮 How is it calculated?
Forward = (Expected revenue ÷ Revenue in prior year − 1) × 100
Forward growth is based on analyst estimates for the current fiscal year.
🏛️ Why is it important?
Rising revenue signals growing demand, business expansion, and market share gains – especially important for growth-oriented companies.
🧮 Calculation
🎯 What does this mean for investors?
- Growth is the engine of long-term value creation – especially in tech and growth sectors.
- What matters is not just current growth, but its sustainability.
- Forward projections reflect whether analysts expect continued momentum – or a slowdown.
📘 EBITDA Growth
📈 What is it?
EBITDA growth shows how much a company’s operating profit (before interest, taxes, depreciation, and amortization) has increased or decreased compared to the previous year.
🧮 How is it calculated?
Forward = (Expected EBITDA ÷ EBITDA from prior year − 1) × 100
The forward estimate is based on analyst projections for the current fiscal year.
🏛️ Why is it important?
Growing EBITDA indicates improving operational profitability – regardless of financing or accounting effects.
🧮 Calculation
🎯 What does this mean for investors?
- Strong EBITDA growth signals operational efficiency and scalability – especially during growth phases.
- EBITDA growth can be an early indicator of margin and earnings expansion – but should be assessed alongside revenue and EBIT.
📘 EBIT Growth
📈 What is it?
EBIT growth shows how much a company’s operating profit (after depreciation, but before interest and taxes) has increased compared to the previous year.
🧮 How is it calculated?
Forward = (Expected EBIT ÷ EBIT from prior year − 1) × 100
The forward estimate is based on analyst projections for the current fiscal year.
🏛️ Why is it important?
EBIT growth is a direct indicator of a company’s business performance – taking into account capital intensity through depreciation.
🧮 Calculation
🎯 What does this mean for investors?
- Rising EBIT signals improving operating profitability – even after accounting for depreciation.
- It’s especially important for evaluating companies with significant capital expenditures.
- Combined with revenue and EBITDA growth, EBIT growth provides a well-rounded view of operational progress.
📘 Net Income Growth
📈 What is it?
Net income growth shows how much a company’s bottom-line profit has increased or decreased compared to the previous year – both on a trailing basis (TTM) and based on analyst projections.
🧮 How is it calculated?
Forward = (Expected net income ÷ Net income from prior year − 1) × 100
The forward estimate reflects analysts’ expectations for the current fiscal year.
🏛️ Why is it important?
Net income is the ultimate measure of profitability. Growing net income signals stronger efficiency, cost control, and sustainable earnings power.
🧮 Calculation
🎯 What does this mean for investors?
- Stronger net income boosts valuation, dividend potential, and investor confidence.
- If profits stall while revenue grows, it may signal margin pressure.
📘 Free Cash Flow Growth
📈 What is it?
Free cash flow (FCF) growth shows how a company’s available cash – after covering operating expenses and capital expenditures – has changed compared to the previous year.
🧮 How is it calculated?
🏛️ Why is it important?
Free cash flow reflects real financial strength. Growing FCF indicates more flexibility for dividends, share buybacks, and reinvestment.
🧮 Calculation
🎯 What does this mean for investors?
- Declining FCF may point to rising investments, increasing costs, or weaker operating performance.
- Especially for dividend investors, FCF growth is critical – since dividends are paid from actual available cash.
- A negative trend isn't always bad, but it deserves closer attention.
📘 Gross Margin
📈 What is it?
Gross margin shows how much of a company’s revenue remains after deducting the direct costs of goods sold (like materials and production). It represents the company’s “raw profit” before fixed costs, taxes, and interest.
🧮 How is it calculated?
Or simply: Gross Margin = Gross Profit ÷ Revenue × 100
🏛️ Why is it important?
Gross margin indicates how efficiently a company can produce or procure what it sells. It is a key measure of product-level profitability and pricing power.
🧮 Calculation
🎯 What does this mean for investors?
- A high gross margin suggests strong pricing power and efficient production.
- Falling margins may signal rising input costs or competitive pressure.
- Compared to peers, gross margin offers insights into the quality of a business model.
📘 EBITDA Margin
📈 What is it?
The EBITDA margin shows how much of a company’s revenue remains as operating profit before interest, taxes, depreciation, and amortization.It reflects operating efficiency without being distorted by financing or accounting factors.
🧮 How is it calculated?
🏛️ Why is it important?
The EBITDA margin reveals how much operating income a company generates per dollar of revenue – independent of capital structure and tax effects.
🧮 Calculation
🎯 What does this mean for investors?
- A high EBITDA margin reflects strong core profitability – before accounting distortions.
- It allows for effective comparisons across companies and sectors.
- A stable or growing margin signals efficient cost control and business scalability.
📘 EBIT Margin
📈 What is it?
The EBIT margin shows what percentage of revenue remains as operating profit after depreciation but before interest and taxes.
🧮 How is it calculated?
🏛️ Why is it important?
The EBIT margin reflects a company’s core profitability while accounting for capital intensity (e.g. machinery, infrastructure). It’s especially useful for comparing businesses with different levels of depreciation.
🧮 Calculation
🎯 What does this mean for investors?
- A high EBIT margin shows that the company remains efficient even after factoring in depreciation.
- It’s especially relevant for capital-intensive industries.
- Stable or rising EBIT margins over time are a strong indicator of pricing power and business quality.
📘 Net margin
📈 What is it?
Net margin shows how much of a company’s revenue remains as bottom-line profit after deducting all costs, interest, taxes, and depreciation.
🧮 How is it calculated?
🏛️ Why is it important?
Net margin reflects a company’s overall efficiency – across operations, financing, and taxation. It shows how much actual profit is generated from each dollar of revenue.
🧮 Calculation
🎯 What does this mean for investors?
- A high net margin means the company is not only strong operationally but also manages financing and taxes efficiently.
- Peer comparisons reveal business quality and competitiveness.
- Declining margins despite revenue growth can be a red flag for rising costs or inefficiencies.
📘 Free cash flow margin
📈 What is it?
The free cash flow (FCF) margin shows how much of a company’s revenue remains as actual free cash after covering all operating expenses and capital expenditures.
🧮 How is it calculated?
🏛️ Why is it important?
This margin reflects the true liquidity generated by the business – independent of accounting rules or depreciation. It’s especially relevant for dividends, buybacks, and reinvestment decisions.
🧮 Calculation
🎯 What does this mean for investors?
- A high FCF margin means a company consistently generates strong cash flow.
- It’s a positive signal for financial stability and shareholder returns.
- The long-term trend is key – a declining margin may indicate rising investments or weakening operating efficiency.
📘 Earnings per share (EPS)
📈 What is it?
Earnings per Share (EPS) shows how much profit is attributable to a single share – and is one of the most important metrics for evaluating a company's performance.
🧮 How is it calculated?
The diluted share count reflects potential new shares that could be issued through options, convertible bonds, or other rights.
🏛️ Why is it important?
EPS is the basis for many key valuation metrics like P/E ratio, PEG ratio, or payout ratio. It enables comparisons of profitability across companies, regardless of their size.
🧮 Calculation
🎯 What does this mean for investors?
- EPS captures per-share profitability and is especially useful for comparisons over time or with analyst estimates.
- Rising EPS may signal consistent growth or share buybacks.
- Important: Always use diluted EPS for more realistic valuations – especially in companies with stock-based compensation.
📘 Free cash flow per share (FCF per share)
📈 What is it?
Free Cash Flow per Share shows how much free cash flow a company generates per outstanding share – after investments, but before dividends or debt repayments.
🧮 How is it calculated?
Free cash flow is calculated as operating cash flow minus capital expenditures (CapEx).
🏛️ Why is it important?
FCF per Share reveals how much real cash is available per share – useful for dividends, buybacks, or reducing debt. Unlike net income, free cash flow is harder to manipulate and often seen as a more reliable metric.
🧮 Calculation
🎯 What does this mean for investors?
- High FCF per share signals strong financial flexibility.
- It shows how much capital the company can effectively reinvest or return to shareholders.
- Particularly relevant for dividend payers and capital-efficient businesses.
📘 Short interest
📈 What is it?
Short interest indicates how many shares of a company are currently sold short – that is, borrowed and sold by investors who expect the price to decline.
🧮 How is it calculated?
It reflects the percentage of a company’s shares that are being shorted relative to the total shares available.
🏛️ Why is it important?
Short interest serves as a sentiment indicator: A high value may signal skepticism or bearish expectations – but also increases the potential for a short squeeze if prices rise unexpectedly.
🧮 Calculation
🎯 What does this mean for investors?
- Low short interest usually indicates market confidence in the company.
- High short interest can be a warning sign – or an opportunity if sentiment shifts.
- Especially relevant in volatile markets or ahead of key earnings releases.
📘 Employees
📈 What is it?
The employee count shows how many people a company employs worldwide – offering insights into its size, structure, and business model.
🧮 How is it calculated?
🏛️ Why is it important?
It helps assess operational scale, labor intensity, and cost structure. Combined with revenue and profit, it enables key metrics like revenue per employee or productivity.
🧮 Calculation
🎯 What does this mean for investors?
- A high headcount can signal operational complexity – but also significant growth capacity.
- Revenue per employee is a key indicator of efficiency.
- Especially useful for comparing tech, industrial, or service-heavy companies.
📘 Turnover per employee
📈 What is it?
Revenue per employee indicates how much revenue a company generates on average per employee – a key measure of efficiency and productivity.
🧮 How is it calculated?
The employee count is typically taken from the most recent annual report.
🏛️ Why is it important?
This metric helps compare business models – especially between labor-intensive and technology-driven companies. A high value suggests automation, operational efficiency, or strong value creation per head.
🧮 Calculation
🎯 What does this mean for investors?
- A high revenue per employee indicates a scalable and margin-strong business model.
- A low figure may reflect labor-intensive operations or lower value-add.
- Especially helpful when comparing tech companies to industrial or service sectors.
Glimpse Group Inc (The) Stock Analysis
Analyst Opinions
7 Analysts have issued a Glimpse Group Inc (The) forecast:
Analyst Opinions
7 Analysts have issued a Glimpse Group Inc (The) forecast:
Glimpse Group Inc (The) Events
Past Events
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NOV
13
Q1 2026 Earnings Call
11 months ago
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SEP
30
Q4 2025 Earnings Call
12 months ago
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StocksGuide Free
Glimpse Group Inc (The) — Q1 2026 Earnings Call
1. Management Discussion
I'm extremely sorry about that. I'm going to start the script right now. Welcome to The Glimpse Group's Q1 Fiscal Year 2026 Financial Results Webinar.
[Operator Instructions]. As a reminder, this conference is being recorded. The earnings release that accompanies this call is available on the Investors section of the company's website at [ https://ir.theglimpsegroup.com/ ]. Before we begin the formal presentation, I'd like to remind everyone that statements made on today's call and webcast, including those regarding future financial results and industry prospects, are forward-looking and may be subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the call.
Please refer to the company's regulatory filings for a list of the associated risks. We would also refer you to the company's website for more supporting industry information. I would now like to hand the call over to Lyron Bentovim, President and CEO of The Glimpse Group. Lyron, the floor is yours.
Thank you, Jenny, and thank you, everyone, for joining us. I'm pleased to welcome you to The Glimpse Group's Q1 Fiscal Year 2026 Financial Results Investor Call for our quarter ended September 30, 2025. While revenues were down as we guided and expected during the quarter, we made significant strategic progress in advancing the potential IPO spin-off of our subsidiary company, Brightline Interactive, while making substantial deliveries on key contracts and expanding the traction of our AI software product, Foretell AI.
Specifically, Brightline made an initial successful delivery on a multimillion-dollar annual spatial core contract with the Department of War entity. Brightline is also in advanced discussions regarding multiple significant DoW opportunities.
While these discussions have been impacted by the government shutdown and continuing resolution, we still expect these to materialize into contracts during calendar year 2026. Our AI software license product, Foretell AI, our AI roleplay simulation, providing intelligent conversational simulations in immersive environments has been gaining traction in both the education and health care segment. While early in its commercialization, the level of enterprise interest in Foretell AI and the accelerating pace of new licenses and annual license renewal is encouraging.
Our goal is for Foretell AI to eventually become a fundamental base for Glimpse's revenues. Our other businesses continue to perform well. For example, we recently signed several contracts with one of the world's largest oil service companies, aggregate contract value in the mid-6 figures for the development of 3D brand environments and animation and corporate presentations. Regarding the Brightline IPO spin-off, our immediate strategic focus is driving a potential IPO and spin-off of Brightline as its own independent publicly traded company, a pure-play stand-alone, well-capitalized providers of AI-driven spatial computing, cloud-based operational simulation middleware to the DoW and large enterprises, enabling real-time data orchestration and training of digital twins, robotics, drones and autonomous systems.
In October 2025, we initiated the IPO spinout process, engaged Lucid Capital Markets, LLC as our investment banking partner and an experienced securities counsel. While there is no guarantee of success, we expect the process to play out over the coming months with a potential Brightline IPO in the first half of calendar year 2026. Current Glimpse shareholders in parallel to their new holding in a spun-out Brightline will also maintain their holdings in Glimpse. In addition to our core immersive businesses, which are increasingly driven by traction in our Foretell AI software product, we believe that there are considerable value creation alternatives for Glimpse to pursue as a clean, healthy NASDAQ-listed technology company.
We are in the initial stages of reviewing such potential alternatives. With that, I will turn it over to Maydan Rothblum, Glimpse's CFO and COO, to review the financial results. Mean?
Thanks, Lyron. I will limit my portion to a summary review of our financial results. A full breakdown is available in our 10-Q and press release that were filed before market -- after -- sorry, market close today. Please note that I may refer to non-GAAP measures. For the calculation of non-GAAP measures, please refer to the MD&A section of our 10-Q filing. As discussed previously, we expected fiscal year '26 revenues to be choppy by quarter as demonstrated by our results in this quarter. Q1 fiscal year '26 revenue of approximately $1.4 million, reflecting a 43% decrease compared to Q1 fiscal year '25. That's for the period ending September 30, 2024, revenue of approximately $2.4 million. The decrease reflects timing of Department of War contracts and the U.S. government budgetary delays and our divestiture of noncore entities.
Gross margin for Q1 fiscal year '26 was approximately 72% compared to approximately 68% for fiscal year '25. We expect our gross margins to remain in the 65% to 75% range. Adjusted EBITDA loss for Q1 fiscal year '26 was $0.92 million compared to $0.46 million loss for Q1 fiscal year '25, reflecting the lower revenues in this quarter. The company is currently operating at an adjusted EBITDA breakeven level at approximately $10 million of annual revenue, which is equivalent to our fiscal year '25 revenue. The company's cash and equivalent position as of September 30, 2025, was approximately $5.56 million with an additional $0.66 million in accounts receivable.
We continue to maintain a clean capital structure with no debt, no convertible debt, no preferred equity. And as of October 2025, no contingent liabilities after making the final performance payments relating to Brightline's acquisition in 2022. Since there are many moving parts currently in play, we will not be providing revenue guidance for the remaining of our fiscal year ending in June 30, 2026. I'd now like to pass it back to Lyron for some closing remarks, after which we will begin our Q&A session. Lyron?
Thank you, Maydan. This quarter was marked by the formal initiation of the value creation initiatives we previously discussed, initially led by the potential IPO spin-off of Brightline and then to likely be followed by other initiatives. This process will play out during our fiscal year 2026, and we will keep you updated to the degree possible as we progress. In parallel, we expect our business to continue to grow with a focus on Foretell AI software licenses. Thank you all of you for your interest and support of The Glimpse Group. And now I'll turn it over to Jenny for some questions.
[Operator Instructions]. Okay. We don't appear to have any questions on the phone lines. I'll then hand over to Lyron to see if there have any questions submitted via the webcast.
No, there is no questions on the webcast. So I would take this opportunity to thank each and every one of you for joining our earnings conference call. We look forward to continuing to update you on our ongoing progress and growth. If we were unable to answer any of your questions, please reach out to us directly. Thank you, and have a great day.
Thank you very much. This does conclude today's webinar. Thank you for your participation, and have a wonderful day.
Glimpse Group Inc (The) — Q4 2025 Earnings Call
1. Management Discussion
Welcome to the Glimpse Group's Fiscal Year 2025 Financial Results Webinar. [Operator Instructions] As a reminder, this conference is being recorded. The earnings release that accompanies this call is available on the Investors section of the company's website at t https://ir.theglimpsegroup.com.
Before we begin the formal presentation, I'd like to remind everyone that statements made on today's call and webcast, including those regarding future financial results and industry prospects are forward-looking and may be subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the call.
Please refer to the company's regulatory filings for a list of associated risks, and we would also refer you to the company's website for more supporting industry information.
I would now like to hand the call over to Lyron Bentovim, President and CEO of the Glimpse Group. Lyron, the floor is yours.
Thank you, Holly. Thank you, everyone, for joining us. I am pleased to welcome you to The Glimpse Group's Fiscal Year 2025 Financial Results Investor Call for quarter ended June 30, 2025. Fiscal year 2025 was a remarkable year for Glimpse with many achievements.
Return to revenue growth, achievement of annual cash flow neutrality for the first time in the company's history, significant Tier 1 customer wins, divestiture of non-core assets, key technology development centered around integrating AI into our immersive products. The filing of 7 new patents primarily focused on the integration of AI with immersive technologies, all while maintaining high gross margins and a clean balance sheet.
Our software products and services are at the forefront of several key emerging technology segments, immersive, spatial computing, AI, cloud. We have established a track record of working with major customers across industries as well as relationships with some of the leading companies in the tech world and have a significant pipeline and growth potential.
However, these have not translated into significant shareholder value creation, which has led us to strategically review and with the Board's approval of the plan that will unlock and create far more value for all of us as shareholders. I will go into more details later in my prepared remarks.
Driving our growth going forward, our main engine is our subsidiary, Brightline Interactive. As a quick reminder, BLI, through its product Spatial Core provides advanced spatial computing, AI-driven operational simulation middleware software and solutions to the Department of War and big data-driven enterprises.
Spatial Core sits at the intersection of spatial computing, immersive technologies, AI, cloud and geospatial data. We view it as an operating system for computing, processing and visualizing information in 3-dimensional space on the cloud. BLI specializes in creating AI-supported workflows on top of dynamic synthetic environments that integrate multimodal and real-time data to accelerate decision-making, enhance mission readiness and expand human and nonhuman training capabilities that can be used in a variety of arenas, including digital twins, robotics, drone and autonomous vehicles.
While Spatial Core is at the cutting edge of technology, it is not science fiction. It is based on BLI's established 15 years of technological development deep knowledge-based and rooted in proven paid-for contracts with major entities with high operational and executional requirements.
In fiscal year 2025 alone, Brightline achieved several critical milestones, including successfully executing and delivering the development of a unified synthetic training ecosystem for a major DOW entity, a $4-plus million initial contract. The system enables soldiers to train, plan and execute missions in a fully virtualized environment, providing interfaces for collaboration and digital twin integration and functionality.
Entered into a $2-plus million Spatial Core contract with another DOW entity as the direct prime to be delivered over the next 12 months. While we can't go into any additional details just yet, it has similar AI and deep tech characteristics as other spatial core contracts. Successfully delivered first full motion immersive simulator to the U.S. Navy, providing the U.S. Navy with advanced simulation capabilities that bridge the gap between the real and virtual world.
This state-of-the-art system incorporates spatial computing elements to enable high-level, cost-effective simulations, ensuring that military personnel can train in realistic and immersive environments. Delivered an advanced immersive simulation to a large government service integrator, BLI was able to create a sophisticated spatial simulation in record time, setting what we believe has the potential to become a new industry standard.
This initial simulation project was developed with the goal of allowing the GSI to gather simulation needs from others to then add to this build or for further deployments in a cost-effective and scalable manner. Entered into a cooperative research and development agreement, CRADA, with the U.S. Army Combat Capabilities Development Command, Command control Communication, Computer, Cyber Intelligence Surveillance and Reconnaissance Center, Brightline to develop, assess and improve workflows to create and augment synthetic imagery for use in training and assessing artificial intelligence and machine learning algorithms.
These, in addition to prior recent years achievements, represent initial contracts and validation of BLI's technology and delivery capabilities. All of these have the potential to expand into multimillion, multiyear follow-on contracts, leading to eventually possible inclusion in programs of record, which are exceptionally large long-term DOW contracts.
In addition, BLI has a robust pipeline of new potential customers, both in the DOW space and in the enterprise big data segment, oil and gas, aviation, tech and many others. We believe that BLI's growth potential is immense, even if it does not immediately materialize to its fullest extent and takes time to fully develop. DOW contracting, for example, is notoriously slow and quite complex.
In parallel to Brightline, our other entities also achieved major milestones during the fiscal year, including an NIH grant in partnership with Yale Medical, Drexel University and New Jersey Institute of Technology to advance VR education for adolescent and young adult cancer patients, partnership with Montefiore Einstein for our VR study for teen mental health, 3D immersive enterprise service agreement with a leading global energy tech company.
Foretell Reality, our subsidiary, entered into several contracts for its AI-driven immersive training product, while Glimpse Learning entered into multiple software license contracts in the health care and educational segment. Despite all of this, we don't believe that our intrinsic value and certainly not Brightline is reflected in Glimpse's current valuation, not even remotely in our view.
Indeed, based on our internal analysis, we believe that BLI's public company comps alone in the DefenseTech AI segment trade at vast multiples of trailing annual revenue. Even if a significantly discounted revenue multiple was to be applied to BLI, its valuation would far exceed Glimpse's current valuation.
We believe that Brightline's true value and potential is hidden within the Glimpse umbrella and is potentially encumbered by it. This being the case, and in light of Glimpse's current position as a largely abundant illiquid microcap, we have reached a conclusion that the best way to maximize shareholder value for Glimpse shareholders and to increase BLI's chances of success is to spin out BLI.
If successful, BLI will become an independent publicly traded company, a pure-play, well-funded stand-alone spatial computing, AI-driven cloud operational simulation middleware provider to the DOW and big data-driven enterprises. While the final methodology has not been determined yet and success is not guaranteed, our Board of Directors has approved the strategy and general process, which we expect to play out in the coming months.
As part of the process, the plan is for Glimpse shareholders to be issued shares in the spun-out BLI public entity as a distribution. In parallel, current Glimpse shareholders will maintain their holdings in Glimpse, which we believe could have considerable and attractive going-forward alternatives to pursue as a clean, healthy NASDAQ technology company.
With that, I will now turn it over to Maydan Rothblum, Glimpse's CFO and COO, to review the financial results. Maydan?
Thanks, Lyron. I will limit my portion to a summary review of our financial results. A full breakdown is available in our 10-K and press release that were filed earlier today and yesterday afternoon. Please note that I may refer to non-GAAP measures. For the calculation of non-GAAP measures, please refer to the MD&A section of our 10-K filing.
Fiscal year '25 revenue of approximately $10.5 million, an increase of approximately 20% compared to fiscal year '24 revenue of approximately $8.8 million. The increase was primarily driven by an increase in Spatial Core revenues and despite the divestiture of non-core assets and entities. Q4 fiscal year '25, that's the April to June '25 quarter, revenue of approximately $3.5 million, an approximate 105% increase compared to Q4 fiscal year '24 revenue of approximately $1.7 million and an approximate 150% increase compared to Q3 fiscal year '25, that's the January to March '25 quarter, revenue of approximately $1.4 million.
We expect fiscal year '26 revenue to exceed fiscal year '25 revenue. However, given the nature of Brightline's DOW-driven contracts, revenue recognition timing and potential U.S. government budget delays, the per quarter revenue in fiscal year '25 is expected to be quite choppy with significant movement from quarter-to-quarter.
We expect Q1 fiscal year '26 to be significantly lower than Q4 fiscal year '25 and revenues to grow sequentially in the following quarters. Gross margin for fiscal year '25 was approximately 67.5% on par with 67% for fiscal year '25 -- sorry, '24. We expect our gross margins to remain in the 65% to 75% range due to a larger portion of revenue coming from Spatial Core and software license sales.
We were essentially cash breakeven for the fiscal year, marking an extraordinary turnaround. Net operating cash loss in fiscal year '25 was approximately negative $0.27 million compared to a net operating cash loss of approximately negative $5.2 million for fiscal year '24. reflecting our significant reorganization efforts, cost reductions, revenue growth and the maintenance of high gross margins.
The company's cash and equivalent position as of June 30, 2025, was approximately $6.85 million with an additional $0.85 million in accounts receivable. We continue to maintain a clean capital structure with no debt, no convertible debt and no preferred equity.
I'd now like to pass it back to Lyron for some closing remarks, after which we will begin our Q&A session. Lyron?
Thank you, Maydan. Fiscal year 2025 was a pivotal year for Glimpse. We executed on our plan and made great strides, and there are immense opportunities ahead of us. We are determined to try and unlock shareholder value and have several options to achieve this. We intend to aggressively pursue these in the coming months, all the while keeping a sharp focus on our existing businesses and continuing to drive their growth. During this period, we may need to minimize public communications. I thank you all for your interest in and support of The Glimpse Group.
And now I'll turn the call back over to Holly to take some questions.
Our first question is coming from Casey Ryan with WestPark Capital.
2. Question Answer
Pretty significant. Can I ask sort of as we look at markets, do you feel like BLI's opportunities are primarily in defense and defense-related industries? Or is there some overlap with other opportunities in education and health care?
And I'm just trying to understand kind of what would be left with the core business and what would be going with BLI outside of defense contracts currently?
I'll take kind of 2 separate kind of parts of the question. So in terms of Brightline's opportunity, obviously, kind of we've made significant strides with the DOW, and we've got multiple paths that each lead to pretty significant opportunities. In addition to that, we've basically started exploring how to work with our Spatial Core product with enterprises.
Kind of it's going to take probably longer to get kind of significant revenue from that, but we see this as kind of a pretty tremendous opportunity for Brightline. Education and health care are less the focus for Brightline, but that's the focus of some of the other entities within Glimpse where we see a significant opportunity integrating immersive technologies with AI.
And kind of offering a variety of solutions that will help educational organizations, both at the college level and at the K-12 level as well as kind of health care enterprises to utilize kind of our technology to simulate, train and practice certain scenarios.
Okay. Okay. That's helpful. And then I know it's early days. We haven't worked on all the details, but from the announcement today to sort of some endpoint where there's something with BOI that happens that's fully consummated, are we looking at a time frame that's maybe 12 months? Or does that feel too long to you and you think it's something sooner than that?
That is way too long kind of we expect to initiate the process kind of in the coming weeks, and we expect that process to take several months to go through, but we expect something to happen if we're successful at the beginning of the calendar year.
Okay. Terrific. Terrific. And then in terms of sort of the education markets, I guess, and maybe other commercial markets outside of defense again, where do you think -- do your customers feel like they're still learning how to integrate the technologies? Or do you think they're getting closer to sort of integrating them into their normal operations and expanding them broadly, say, a college or K-12 institution?
That's a good question, Casey. Kind of I think that we are very close to that kind of transition of basically organizations trying things out to organizations fully ready to kind of jump into the water and start swimming. We're working with one of the leading universities in Florida as our kind of primary first kind of beta partner for our kind of AIA solution, and we're planning in the fall semester -- in the spring semester, starting in January to fully launch that solution in partnership with them.
And that will be a significant test and probably one of the more advanced kind of willingness of an organization to really jump into the immersive AI space.
Okay. That sounds very compelling. And then sort of just jumping back to BLI, do we sort of sense that like there will be a name change? Or do we think Brightline has a good brand name and that will sort of be the name that we move forward with? Because it feels like all the key players would sort of know that name already. But I'm just sort of wondering.
I do not expect any name change kind of we expect Brightline Bright has a significant brand in the space that it's here with kind of with -- primarily with kind of customers, partners, technology, kind of those there's no reason to change the name. It's a good name.
Yes. Okay. Perfect. Well, this is a significant and potentially a great strategic move. I'll sort of drop off the question line and let others ask questions as we go forward.
Our next question is from [ Richard Molinsky with Max Ventures. ]
First of all, congratulations in turning the company's cash flow around. That was a big change. And this Brightline seems very, very exciting. And I'm wondering, I did love the news release of what you're doing with team mental health at Montefiore. And I know you said the government is really the #1 market for you, but the health care could be like #2.
And I'm wondering whether this -- your services and your AI, you could go to some major companies and offer the services for them to sell it to their customers and increase the sales that way besides you doing it on your end?
Richard, kind of this is exactly kind of the path we're planning on taking in 2026 with some of our AI solutions kind of AIA product. We are looking at finding partners in certain industries that specialize in that industry. They've been offering basically 2D kind of solutions to their customers in a variety of fields.
We want to kind of integrate their know-how in their industry with our AIA solutions and then allowing them to offer the solution on our platform to their customers kind of integrating immersive AI into their solutions. So that's definitely a game plan for us for 2026 for the AIA product.
Right. And when realistically do you think this spin-off could happen in your estimate? Is it 6 months down the road, 3 months? Do you have any idea when you'd want this to happen?
So our plan is to make it happen as quickly as possible, as I responded to Casey's question, I expect this to happen early in 2026 if everything goes according to plan.
All right. That's terrific. And with one of the last questions, you've been really good monitoring -- managing the cash. Do you expect the cash -- you won't have any cash needs at all at this point in time based on what you currently have in the bank and your projections?
Yes. We expect to fully be able to operate kind of with the cash we have.
Our next question for today is from [ Hung Nguyen, ] a private investor.
As far as enterprises, do you plan to get into the training employees for private enterprises as far as system and processes?
Thank you for the question. Kind of we are -- kind of our subsidiaries are not focused directly on corporate training solutions, but our AIA solution allows employees to soft skill train various scenarios in a very effective way, and that's definitely part of our go-to-market.
[Operator Instructions] Our first online question is, is the proposed spinout of BLI given the overhead costs of being a small public company are high and profits are still low -- are still small?
Thank you for the question. We've basically taken that into consideration. And definitely, that's a kind of reason against doing it and part of the reason we've not explored this now. But we believe even with the cost of maintaining 2 public entities, the value that will be created to Glimpse shareholders and the potential for Brightline to access capital as part of the process make this a significantly valuable opportunity for Glimpse shareholders.
Our next online question is, when can we expect this spin-off? Very exciting developments with Brightline. Do you see joint ventures with larger companies wanting to offer Brightline services to their customers?
So 2 parts to this question. The first, we expect, if everything goes according to plan, to have this happen early in 2026. And we're definitely constantly looking at partnership for Brightline. We have significant relationships with some of the world-leading technology companies, and we expect to continue to work with them and strengthen the relationships.
I'd now like to turn the call back over to Lyron for closing remarks.
Thank you, Holly. I would like to thank each and every one of you for joining our earnings conference call. We look forward to continuing to update you on our ongoing progress and growth. If we were unable to answer any of your questions, please reach out to us directly. Thank you, and have a great day.
This does conclude today's webinar. Thank you for your participation, and have a wonderful day.
Financial data from Glimpse Group Inc (The)
Revenue
Revenue is the sum of all sales generated by a company, e.g. for its products or services.
Revenue (TTM) metric explainedDirect Costs
Direct costs are the costs incurred directly in connection with the manufacture of the product or service.
Gross Profit
Gross Profit indicates how much of the revenue remains in the company after deducting direct production costs. If the percentage share of sales is calculated, this is referred to as the gross margin.
Gross Profit metric explainedSelling and Administrative Expenses
Selling, general and administrative expenses (SG&A) include all expenses for marketing and sales as well as the general administration of the company.
Research and Development Expense
Research and development costs (R&D) provide information on how much the company invests in the research and development of its products. The costs are particularly interesting as a percentage of revenue and in comparison to direct competitors.
EBITDA
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is the company's earnings before interest, taxes, depreciation and amortization. The EBITDA margin is calculated as a percentage of sales.
Depreciation and Amortization
Depreciation represents reductions in the value of the company's assets (e.g. due to wear and tear on machinery).
EBIT (Operating Income)
EBIT (Earnings Before Interest and Taxes) is the company's profit before interest and taxes, also known as the operating income. The EBIT Margin is calculated as a percentage of sales at
.
Net Profit
Net Profit represents the profit or loss after deduction of all costs.
Net Profit metric explainedStocksGuide Premium
| Sep '25 |
+/-
%
|
||
| Revenue | 9.49 9.49 |
17%
17%
100%
|
|
| - Direct Costs | 3.28 3.28 |
44%
44%
35%
|
|
| Gross Profit | 6.20 6.20 |
6%
6%
65%
|
|
| - Selling and Administrative Expenses | 5.47 5.47 |
20%
20%
58%
|
|
| - Research and Development Expense | 3.34 3.34 |
32%
32%
35%
|
|
| EBITDA | -2.69 -2.69 |
39%
39%
-28%
|
|
| - Depreciation and Amortization | 0.35 0.35 |
65%
65%
4%
|
|
| EBIT (Operating Income) EBIT | -3.05 -3.05 |
44%
44%
-32%
|
|
| Net Profit | -2.57 -2.57 |
65%
65%
-27%
|
|
In millions USD.
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Glimpse Group Inc (The) Stock News
Company Profile
The Glimpse Group, Inc. is a technology development company which provides virtual reality and augmented reality services. The company was founded by Lyron L. Bentovim, Maydan Rothblum and David J. Smith on June 15, 2016 and is headquartered in New York, NY.
StocksGuide Premium
| Head office | United States |
| CEO | Mr. Bentovim |
| Employees | 40 |
| Founded | 2016 |
| Website | www.theglimpsegroup.com |
