Overview
Glimpse Group Q1 FY 26 revenue falls 43% yr/yr
Gross margin for Q1 FY 26 improved to 72% from 68% in FY 25
Company initiates IPO/Spin-off process for Brightline Interactive
Outlook
Company expects BLI IPO in first half of calendar year 2026
Company will not provide revenue guidance for remainder of fiscal year
Company expects gross margins to remain in the 65-75% range
Result Drivers
DOW CONTRACT TIMING - Revenue decline attributed to timing of Department of War contracts and U.S. Government budget delays
FORETELL AI TRACTION - Foretell Ai software gaining traction in Higher Education and Healthcare segments, with encouraging enterprise interest and license renewals
OIL SERVICE CONTRACTS - Signed contracts with major oil service company for 3D brand environments, animation and corporate presentations
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | $1.40 mln | $1.50 mln (1 Analyst) | |
Q1 EPS | -$0.05 | ||
Q1 Net Income | -$1.03 mln | ||
Q1 Adjusted EBITDA | -$920,000 | ||
Q1 EBITDA | -$970,000 |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Glimpse Group Inc is $2.62, about 47.3% above its November 12 closing price of $1.38
Press Release: ID:nACS1V2Kra
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)