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Glimpse Group First Quarter 2023 Earnings: US$0.40 loss per share (vs US$0.17 loss in 1Q 2022)

Glimpse Group (NASDAQ:VRAR) First Quarter 2023 Results

Key Financial Results

  • Revenue: US$3.95m (up 286% from 1Q 2022).
  • Net loss: US$5.38m (loss widened by 225% from 1Q 2022).
  • US$0.40 loss per share (further deteriorated from US$0.17 loss in 1Q 2022).
NasdaqCM:VRAR Earnings and Revenue History November 17th 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

Glimpse Group Earnings Insights

Looking ahead, revenue is forecast to grow 59% pa on average during the next 2 years, compared to a 11% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company’s shares are down 2.0% from a week ago.

Risk Analysis

Before we wrap up, we’ve discovered 4 warning signs for Glimpse Group (2 are a bit unpleasant!) that you should be aware of.

Valuation is complex, but we’re helping make it simple.

Find out whether Glimpse Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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