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

2 years ago 34

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 nonaccomplishment per stock (further deteriorated from US$0.17 nonaccomplishment successful 1Q 2022).

All figures shown successful the illustration supra are for the trailing 12 period (TTM) period

Glimpse Group Earnings Insights

Looking ahead, gross is forecast to turn 59% p.a. connected mean during the adjacent 2 years, compared to a 11% maturation forecast for the IT manufacture successful the US.

Performance of the American IT industry.

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

Risk Analysis

Before we wrapper up, we've discovered 4 informing signs for Glimpse Group (2 are a spot unpleasant!) that you should beryllium alert of.

Valuation is complex, but we're helping marque it simple.

Find retired whether Glimpse Group is perchance implicit oregon undervalued by checking retired our broad analysis, which includes fair worth estimates, risks and warnings, dividends, insider transactions and fiscal health.

View the Free Analysis

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This nonfiction by Simply Wall St is wide successful nature. We supply commentary based connected humanities information and expert forecasts lone utilizing an unbiased methodology and our articles are not intended to beryllium fiscal advice. It does not represent a proposal to bargain oregon merchantability immoderate stock, and does not instrumentality relationship of your objectives, oregon your fiscal situation. We purpose to bring you semipermanent focused investigation driven by cardinal data. Note that our investigation whitethorn not origin successful the latest price-sensitive institution announcements oregon qualitative material. Simply Wall St has nary presumption successful immoderate stocks mentioned.

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