Casey Ryan

Jack Rubinstein

- The Glimpse Group reported fiscal year 2025 revenue of approximately **$10.5 million**, representing a **20% increase** compared to fiscal year 2024 revenue of approximately $8.8 million.  **[1854445_2162233_4]**  Q4 fiscal year 2025 revenue was approximately **$3.5 million**, an approximate **105% increase** over Q4 fiscal year 2024.  **[1854445_2162233_4]** 
- The company achieved **annual cash flow neutrality** for the first time in its history, with a net operating cash loss of approximately **negative $0.27 million** for fiscal year 2025, a significant improvement from negative $5.2 million in fiscal year 2024.  **[1854445_2162233_1]** **[1854445_2162233_4]** 
- The Board of Directors has approved a plan to **spin out Brightline Interactive (BLI)**, its subsidiary focused on spatial computing and AI solutions for the Department of Defense and big data enterprises, into an independent, publicly traded company.  **[1854445_2162233_2]** 
- Glimpse shareholders are expected to receive shares in the spun-out BLI public entity as a distribution while maintaining their holdings in Glimpse, with the spin-off anticipated to occur in **early 2026** if successful.  **[1854445_2162233_3]** **[1854445_2162233_6]** **[1854445_2162233_7]** 
- As of June 30, 2025, the company's cash and equivalent position was approximately **$6.85 million**, and it maintains a clean capital structure with **no debt**.  **[1854445_2162233_4]**

Glimpse Group (VRAR)