The Glimpse Group FY24 Revenue $8.8M, Down 35% YoY; EPS $(0.38) vs $(2.05) YoY; Co. Expects Q1 Revenue To Be Significantly Higher Than Q4
Portfolio Pulse from Benzinga Newsdesk
The Glimpse Group reported a 35% year-over-year decline in FY24 revenue to $8.8 million, with an EPS of $(0.38) compared to $(2.05) the previous year. However, the company expects Q1 revenue to be significantly higher than Q4.
September 30, 2024 | 8:04 pm
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The Glimpse Group's FY24 revenue decreased by 35% YoY to $8.8M, but EPS improved from $(2.05) to $(0.38). The company forecasts a significant revenue increase in Q1 compared to Q4.
Despite a significant YoY revenue decline, the improvement in EPS and the positive outlook for Q1 revenue suggest potential short-term stock price appreciation. Investors may view the expected Q1 revenue increase as a sign of recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100