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The Glimpse Group Reports Robust Preliminary FY21 Revenue, CEO Holding

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The Glimpse Group Reports Robust Preliminary FY21 Revenue, CEO Holding
  • The Glimpse Group Inc's (NASDAQ: 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.
 

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