Glimpse Group, Inc. (VRAR) Form 10-Q — May 14, 2026
The Glimpse Group reported a net loss of $14.94 million for the nine months ended March 31, 2026, driven primarily by a $10.86 million non-cash goodwill impairment related to its Brightline Interactive subsidiary. Revenue fell 52% year-over-year to $3.36 million, reflecting the impact of U.S. government budget delays on its primary defense customer and the termination of a key social media client contract. The company disclosed substantial doubt about its ability to continue as a going concern, citing an accumulated deficit of $80.5 million and cash reserves of only $2.15 million, which may be insufficient to fund operations for the next twelve months.
Key figures
- Revenue
- 3355808
- Total Debt
- 0
- Revenue Yoy
- -52
- Total Assets
- 3754517
- Cash Position
- 2151320
- Shares outstanding
- 21076506
- Accumulated deficit
- 80534053
- Goodwill impairment
- 10857600
- Atm facility capacity
- 9478200
Price after filing
Close on the filing date to close N calendar days later (from $0.56). Historical, not a forecast.
AI analysis
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