Glimpse Group Q1 revenue down

Reuters11-14

Glimpse Group Q1 revenue down

Overview

Glimpse Group Q1 FY 26 revenue falls 43% yr/yr
Gross margin for Q1 FY 26 improved to 72% from 68% in FY 25
Company initiates IPO/Spin-off process for Brightline Interactive

Outlook

Company expects BLI IPO in first half of calendar year 2026
Company will not provide revenue guidance for remainder of fiscal year
Company expects gross margins to remain in the 65-75% range

Result Drivers

DOW CONTRACT TIMING - Revenue decline attributed to timing of Department of War contracts and U.S. Government budget delays
FORETELL AI TRACTION - Foretell Ai software gaining traction in Higher Education and Healthcare segments, with encouraging enterprise interest and license renewals
OIL SERVICE CONTRACTS - Signed contracts with major oil service company for 3D brand environments, animation and corporate presentations

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue		$1.40 mln	$1.50 mln (1 Analyst)
Q1 EPS		-$0.05
Q1 Net Income		-$1.03 mln
Q1 Adjusted EBITDA		-$920,000
Q1 EBITDA		-$970,000

Analyst Coverage

The one available analyst rating on the shares is "buy"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Glimpse Group Inc is $2.62, about 47.3% above its November 12 closing price of $1.38

Press Release: ID:nACS1V2Kra

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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