Glimpse Group Inc
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 14, 2024
BTLN$3.67+4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
| For the Three Months Ended · For the Six Months Ended | ||||
|---|---|---|---|---|
| December 31, | December 31, | |||
| 2023 | 2022 | 2023 | 2022 | |
| Revenue | ||||
| Software services | $2,032,272 | $2,886,458 | $5,044,343 | $6,748,972 |
| Software license/software as a service | 44,153 | 64,089 | 136,962 | 152,599 |
| Total Revenue | 2,076,425 | 2,950,547 | 5,181,305 | 6,901,571 |
| Cost of goods sold | 655,509 | 875,281 | 1,837,018 | 2,089,878 |
| Gross Profit | 1,420,916 | 2,075,266 | 3,344,287 | 4,811,693 |
| Operating expenses: | ||||
| Research and development expenses | 1,391,883 | 2,532,646 | 3,072,670 | 4,535,025 |
| General and administrative expenses | 1,045,194 | 1,260,675 | 2,141,236 | 2,636,000 |
| Sales and marketing expenses | 765,116 | 1,737,091 | 1,578,858 | 3,481,330 |
| Amortization of acquisition intangible assets | 291,036 | 541,714 | 659,156 | 985,681 |
| Intangible asset impairment (inclusive of $379,038 goodwill impairment) | 8,275 | - | 901,204 | - |
| Change in fair value of acquisition contingent consideration | (1,268,014) | (5,228,500) | (4,025,544) | (2,625,102) |
| Total operating expenses | 2,233,490 | 843,626 | 4,327,580 | 9,012,934 |
| Income (Loss) from operations before other income | (812,574) | 1,231,640 | (983,293) | (4,201,241) |
| Other income | ||||
| Interest income | 74,207 | 76,725 | 125,483 | 126,879 |
| Net Income (Loss) | $(738,367) | $1,308,365 | $(857,810) | $(4,074,362) |
| Basic net income (loss) per share | $(0.04) | $0.09 | $(0.05) | $(0.30) |
| Diluted net income (loss) per share | $(0.04) | $0.07 | $(0.05) | $(0.30) |
| Weighted-average shares used to compute basic net income (loss) per share | 16,668,740 | 13,779,958 | 15,699,563 | 13,548,573 |
| Weighted-average shares used to compute diluted net income (loss) per share | 16,668,740 | 19,264,307 | 15,699,563 | 13,548,573 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.