The Glimpse Group, Inc. Company profile
About Glimpse Group Inc
The Glimpse Group, Inc. is a virtual (VR) and augmented (AR) reality platform company. The Company provides enterprise-focused software, services and solutions. Its platform of VR/AR collaborates environment and diversified business model and helps in the challenges faced by entrepreneurs in the VR/AR industry. It develops, commercializes, and markets VR/AR software products, solutions, and intellectual property (IP). The Company’s VR/AR software and service companies includes Kabaq 3D Technologies, LLC, doing business as QReal; Adept Reality, LLC, doing business as Adept XR Learning; KreatAR, LLC; D6 VR, LLC; Immersive Health Group, LLC (IHG); Foretell Studios, LLC, doing business as Foretell Reality; Number 9, LLC, doing business as Pagoni VR; Early Adopter, LLC (EA); MotionZone, LLC; Glimpse Group Yazilim ve ARGE Ticaret Anonim Sirketi (Glimpse Turkey); and XR Terra, LLC (XR Terra).
Financial summary
BRIEF: For the six months ended 31 December 2021, Glimpse Group Inc revenues increased 78% to $2.7M. Net loss increased 60% to $3.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects General and administrati increase from $521K to $1.9M (expense), Research and d increase from $626K to $1.6M (expense).
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