The Glimpse Group Reports Robust Preliminary FY21 Revenue, CEO Holding

July 12, 2021 3:08 PM | 1 min read | Make a Comment

The Glimpse Group Inc's VRAR Form SC 13D disclosed that CEO Lyron Bentovim owned an 11.29% stake.
The Virtual Reality and Augmented Reality (VR and AR) solutions provider estimated FY21 revenue to grow organically over 65% year-on-year to $3.25 million.
It estimates continued organic momentum in FY22, excluding acquisition-driven growth.
VR & AR software and non-project services revenue grew by over 200% Y/Y representing 50% of FY21 revenues, from 25% in FY20.
It held $13.7 million in cash and equivalents.
Price action: VRAR shares traded lower by 5.66% at $9.16 on the last check Monday.