--- title: "Glimpse | 8-K: FY2026 Q3 Revenue Misses Estimate at USD 657.46 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/286459907.md" datetime: "2026-05-14T20:07:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286459907.md) - [en](https://longbridge.com/en/news/286459907.md) - [zh-HK](https://longbridge.com/zh-HK/news/286459907.md) --- # Glimpse | 8-K: FY2026 Q3 Revenue Misses Estimate at USD 657.46 K Revenue: As of FY2026 Q3, the actual value is USD 657.46 K, missing the estimate of USD 3 M. EPS: As of FY2026 Q3, the actual value is USD -0.6. EBIT: As of FY2026 Q3, the actual value is USD -12.73 M. #### Revenue - **Three Months Ended March 31, 2026:** - Total Revenue: $657,458, a decrease from $1,422,235 in the prior year. - Software services revenue: $443,189, down from $1,283,287 in the prior year. - Software license/software as a service revenue: $209,428, an increase from $138,948 in the prior year. - Royalty income: $4,841, up from $0 in the prior year. - **Nine Months Ended March 31, 2026:** - Total Revenue: $3,355,808, a decrease from $7,029,538 in the prior year. - Software services revenue: $2,866,391, down from $6,641,652 in the prior year. - Software license/software as a service revenue: $461,159, an increase from $387,886 in the prior year. - Royalty income: $28,258, up from $0 in the prior year. #### Gross Profit - **Three Months Ended March 31, 2026:** $584,099, down from $1,020,026 in the prior year. - **Nine Months Ended March 31, 2026:** $2,381,337, down from $4,968,019 in the prior year. #### Operating Expenses - **Three Months Ended March 31, 2026:** - Total operating expenses: $13,289,706, significantly up from $2,604,689 in the prior year, primarily due to goodwill impairment. - Research and development expenses: $1,532,362, an increase from $829,815 in the prior year. - General and administrative expenses: $626,139, a decrease from $1,165,187 in the prior year. - Sales and marketing expenses: $273,605, a decrease from $483,138 in the prior year. - Goodwill impairment: $10,857,600, compared to $0 in the prior year. - **Nine Months Ended March 31, 2026:** - Total operating expenses: $17,685,717, significantly up from $7,578,227 in the prior year. - Research and development expenses: $3,400,149, an increase from $2,610,038 in the prior year. - General and administrative expenses: $2,449,194, a decrease from $2,947,847 in the prior year. - Sales and marketing expenses: $901,640, a decrease from $1,606,236 in the prior year. - Goodwill impairment: $10,857,600, compared to $0 in the prior year. #### Net Loss - **Three Months Ended March 31, 2026:** Net loss was -$12,683,231, compared to -$1,502,202 in the prior year. - **Nine Months Ended March 31, 2026:** Net loss was -$14,942,129, compared to -$2,490,522 in the prior year. - Basic and diluted net loss per share for the nine months ended March 31, 2026, was -$0.71, compared to -$0.13 in the prior year. #### Adjusted EBITDA Loss - **Three Months Ended March 31, 2026:** Adjusted EBITDA loss was -$1.67 million, compared to -$1.01 million in the prior year. - **Nine Months Ended March 31, 2026:** Adjusted EBITDA loss was -$3.50 million, compared to -$1.23 million in the prior year. #### Cash Flow (Nine Months Ended March 31, 2026) - Net cash used in operating activities: -$3,473,924, compared to -$116,534 in the prior year. - Net cash used in investing activities: -$1,317,249, compared to -$1,541,453 in the prior year. - Net cash provided by financing activities: $109,768, compared to $6,867,712 in the prior year. - Net change in cash and cash equivalents: -$4,681,405, compared to $5,209,725 in the prior year. - Cash and cash equivalents at the end of the period: $2,151,320, compared to $7,058,020 in the prior year. #### Balance Sheet Highlights (As of March 31, 2026) - Cash and cash equivalents: $2,151,320, a decrease from $6,832,725 as of June 30, 2025. - Total current assets: $3,540,979, down from $8,172,657 as of June 30, 2025. - Goodwill: $0, down from $10,857,600 as of June 30, 2025, due to impairment. - Total assets: $3,754,517, a decrease from $19,279,066 as of June 30, 2025. - Total current liabilities: $1,035,899, down from $2,338,472 as of June 30, 2025. - Total liabilities: $1,048,270, down from $2,343,176 as of June 30, 2025. - Accumulated deficit: -$80,534,053, an increase from -$65,591,924 as of June 30, 2025. - Total stockholders’ equity: $2,706,247, a decrease from $16,935,890 as of June 30, 2025. #### Capital Infusion - A group of investors, including Glimpse’s largest and second largest investors, incoming board members, company co-founders, and executives, invested approximately $1.85 million in common shares and warrants. #### Outlook / Guidance The Glimpse Group, Inc. is undergoing a significant strategic shift to become a pureplay Physical AI company, focusing solely on its subsidiary Brightline Interactive, Inc. (BLI). This includes evaluating strategic alternatives for its Immersive tech subsidiary Glimpse Learning and shutting down S5D. 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