This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

The Glimpse Group, Inc.
5/15/2025
Welcome to the Glimpse Group's third quarter fiscal year 2025 financial results webinar. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. The earnings release that accompanies this call is available on the investor section of the company's website at httpsir.com. Before we begin the formal presentation, I'd like to remind everyone that statements made on today's call and webcast, including those regarding future financial results and industry prospects, are forward-looking and may be subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the call. please refer to the company's regulatory filings for a list of associated risks, and we would also refer you to the company's website for more supporting industry information. I would now like to hand the call over to Laurent Bentevin, President and CEO of The Glimpse Group. Laurent, the floor is yours.
Thank you, Kelly, and thank you, everyone, for joining us. I'm pleased to welcome you to The Glimpse Group's Q3 Fiscal Year 2025 financial results investor call. Our quarter ended March 31st, 2025. In this quarter, we continue the strong momentum of the previous quarter. Our outlook for revenue is strong, led by special course traction with various DOD entities and increasingly with opportunities in the enterprise segment as well. This momentum is expected to be reflected in our upcoming quarter, which may be the highest revenue quarter for us over the past two fiscal years. In parallel, we delivered our second consecutive quarter of positive cash flow from operations, a major achievement and a direct result of our reorganization and cost control efforts over the past several quarters, as well as our strategic focus on Spatial Core. As a reminder, Spatial Core, led by our subsidiary company Brightline Interactive, is an operating system for spatial computing, integrating data and AI into 3D environments, enabling cloud compute, and creation of complex simulations while providing insights and valuable information that is presented in 3D form and based on real source of truth data. This has transformative applications in robotics, drones, and digital twins, to name a few. In essence, it supercharges big data. This is not as theoretical at this stage. Special Core is delivering in some of the most advanced and challenging environments. with tremendous potential to become an enabling technology in the 3D big data AI cloud space. Recent special core developments include Brightline is expected to deliver its four plus million dollars DOD contract this month, which would represent a fundamental achievement. During the quarter, Brightline successfully delivered to the U.S. Navy its first full motion immersive simulator system. This milestone marks a significant achievement in adoption of immersive technologies to enhance the capabilities, effectiveness, and safety of the U.S. military service, setting the ground for potential phone-on contracts. Last week, we received official confirmation for a new seven-figure special core deal, which we expect will be signed in the coming weeks. The U.S. government's continuing resolution and the lack of a federal budget for 2025 has delayed the potential awarding of multiple government and DOD opportunities. However, we continue to be well-positioned for multiple opportunities and expect to confirm a few additional seven-figure Special Core opportunities in the coming months. While Special Core is our strongest growth driver, our other immersive companies are also performing well in their segments. Fortel Reality entered into several contracts for its AI-driven immersive training product. Sector 5 Digital entered into full-on agreements with Halliburton, Ecolab, Dalderma, Walmart, and AT&T. Glimpse Learning's SNAP revenues grew significantly from the prior quarter and is tracking well. Glimpse Learning entered into multiple software license contracts in the healthcare and educational segments. However, despite all this strong traction in special course AI and cloud-driven revenues, a deep pipeline of revenues across our businesses, are positioned in the immersive industry, Tier 1 customer base, positive cash flow, and solid cash balance and clean balance sheet. There continues to be a sharp disconnect between our intrinsic value and our current public company valuation, both standalone and versus our public and private comps. As such, we may seek to utilize our untapped $2 million common share buyback plan in order to protect our stock if circumstances warrant its utilization. With that, I will now turn it over to Meydan Rothblum, Blum's CFO and COO, to review the financial results.
Meydan? Thanks, Liron.
You're reading a preview of the VRAR Q3 2025 earnings call.
Free account.