The Glimpse Group reported its financial results for the third quarter of fiscal year 2025, ended March 31, 2025, on May 15, 2025. Total revenue for Q3 FY25 was approximately $1.4 million, representing a 25% decrease compared to $1.9 million in Q3 FY24.
Despite the year-over-year revenue decrease, the company reaffirmed its revenues and reported a second consecutive quarter of positive cash flow from operations. Gross profit margin improved to approximately 72% in Q3 FY25, up from 70% in Q3 FY24, reflecting a favorable revenue mix.
Operating expenses decreased by 11% in Q3 FY25 to $2.60 million, demonstrating effective cost controls. The net loss for Q3 FY25 was $1.50 million, a slight improvement compared to a $1.54 million loss in Q3 FY24, indicating progress in managing overall losses.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.