- The Glimpse Group press release ( NASDAQ: VRAR ): FY GAAP EPS of -$0.51 misses by $0.24 .
- Revenue of $7.3M (+113.5% Y/Y) misses by $6.7M .
- The Company's cash position as of June 30, 2022 was approximately $18.25 million plus $0.24 million of liquid corporate bond investments, and includes $2 million held in escrow for potential future performance payments relating to the S5D acquisition.
- Fiscal Year 2022 Adjusted EBITDA loss, a non-GAAP measure, was $3.97 million, compared to $1.47 for the year ended June 30, 2021.
- Net cash used in operating activities for the year ended June 30, 2022 was approximately $4.94 million, compared to approximately $1.21 million for the year ended June 30, 2021.
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The Glimpse Group GAAP EPS of -$0.51 misses by $0.24, revenue of $7.3M misses by $6.7M