The Glimpse Group, Inc. (VRAR) Q1 2024 Earnings Call Transcript -LSB

The Glimpse Group, Inc.NASDAQ:killed) Q1 2024 Earnings Conference Call, November 14, 2023, 4:30 PM ET

Company participants

Lyron Bentovim – President & Chief Executive Officer

Maydan Rothblum – Chief Financial Officer and Chief Operating Officer

Conference call participants

Casey Ryan – WestPark Capital


Welcome to the Glimpse Group Q1 Fiscal Year 2024 Financial Results Webinar. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the official presentation. As a reminder, this conference is being recorded. The earnings release accompanying this call is available in the Investors section of the company’s website at

Before we begin the formal presentation, I would like to remind everyone that the statements made on today’s call and webcast, including those regarding future financial results and industry prospects, are forward-looking and may 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 will also refer you to the company’s website for more industry support information.

I would now like to turn the call over to Lyron Bentovim, President and CEO [Technical Difficulty].

Lyron Bentovim

Thank you all for joining us. I am pleased to welcome you to the Glimpse Group’s first quarter fiscal 2024 financial results call for the quarter ended September 30, 2023. This quarter was highlighted by the continued execution of our strategic realignment of Glimpse to deliver comprehensive enterprise software and services that are driven by spatial computing, cloud and AI.

Q1 FY 2024 revenue of approximately $3.1 million, a 7% increase compared to Q4 2023 revenue of approximately $2.9 million and a 22% decrease compared to record revenue of approximately $3.95 million in the first quarter of 2023. We continue to

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