Glimpse Group, Inc. (VRAR) Form 8-K — May 14, 2026
The Glimpse Group reported a net loss of $12.68 million for the quarter ended March 31, 2026, driven primarily by a $10.86 million goodwill impairment charge related to its legacy operations. Revenue declined 53.8% year-over-year to $657,458, reflecting the winding down of its diversified immersive technology business in favor of a new strategic focus. The company announced a fundamental strategic shift to become a pure-play Physical AI company through its subsidiary, Brightline Interactive (BLI).
Key figures
- Revenue
- 657458
- Total Debt
- 0
- Total Assets
- 3754517
- Cash Position
- 2151320
- Offering price
- 0.55
- Warrants issued
- 4193182
- Capital infusion
- 1850000
- Goodwill impairment
- 10857600
- Shares issued in financing
- 3354545
Price after filing
Close on the filing date to close N calendar days later (from $0.56). Historical, not a forecast.
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