Glimpse Group Q1 2024 EPS $(0.01) Beats $(0.14) Estimate, Sales $3.10M Miss $3.89M Estimate
Portfolio Pulse from vinayak@benzinga.com
Glimpse Group (NASDAQ:VRAR) reported Q1 2024 earnings per share (EPS) of $(0.01), surpassing the $(0.14) estimate, marking a significant improvement from the $(0.40) per share loss in the same quarter last year. However, the company's sales of $3.10M fell short of the expected $3.89M, a 21.42% decrease from the previous year's same-quarter sales of $3.95M.
November 14, 2023 | 9:57 pm
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Glimpse Group reported better-than-expected Q1 2024 EPS, showing a significant reduction in losses compared to last year, but missed revenue estimates with a year-over-year decline.
While the EPS beat is positive and indicates improved profitability, the miss on revenue estimates and the year-over-year sales decline could concern investors about the company's growth trajectory. The mixed results may lead to a neutral short-term impact on the stock price as the market digests both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100