Glimpse Group Inc
theglimpsegroup.comGlimpse Group Inc (NASDAQ: VRAR) is a virtual and augmented reality software and services company that develops and commercializes immersive technology solutions across multiple industry verticals. Revenue comes from project-based software development and services contracts, typically structured with 25-50% of contract value collected upfront, with the remainder billed through project completion. The company operates a multi-entity structure, with subsidiaries including Brightline Interactive (focused on Spatial Computing, Cloud, and AI via its Spatial Core product), Foretell Studios, and Sector 5 Digital, each targeting distinct industry segments in a non-competitive arrangement. Customer concentration is material: the five largest customers accounted for approximately 76% of revenues in FY2025 (fiscal year ended June 30, 2025), up from 53% in FY2024. The company focuses on business-to-business and business-to-business-to-consumer segments and is hardware agnostic. As of June 30, 2025, Glimpse had approximately 40 full-time employees.
Products & Services
Immersive technology software and services including VR and AR solutions. Key products include Spatial Core (a Spatial Computing, Cloud, and AI platform developed by subsidiary Brightline Interactive). Subsidiary Foretell Studios holds patents in virtual environment audio processing, dispositional affect for VR characters, and AI-based affect analysis. Subsidiary Sector 5 Digital holds patents including Robo Director and augmented mixed reality systems. The company filed multiple patents between 2022 and 2025 across its subsidiaries.
Revenue Model
Project-based software development and services contracts; 25-50% of contract value collected upfront (generally non-refundable), with remaining amounts billed through project completion. Contracts are typically cancelable by customers on 30-90 days written notice.
Customers & Markets
B2B and B2B2C customers across corporate training, education, healthcare, government and defense, branding/marketing/advertising, retail, media and entertainment, corporate events, and social VR support groups and therapy. Top five customers represented approximately 76% of revenues in FY2025 and 53% in FY2024, indicating high customer concentration.
Geographic Exposure
Primary operations in the United States. The filing notes potential for domestic or international acquisitions but does not disclose specific international revenue or operations.
Financial Snapshot
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