The Glimpse Group Stock

The Glimpse Group, Inc. operates as an immersive technology (virtual reality ('VR'), augmented reality ('AR'), spatial computing, artificial intelligence ('AI')) platform company, including a diversified group of wholly-owned and operated Immersive technology companies, providing enterprise-focused software, services and solutions.

The company's platform of immersive technology subsidiary companies, collaborative environment and diversified business model aims to simplify the challenges faced by companies in the emerging immersive technology industry, potentially improving each subsidiary company's ability to succeed, while simultaneously providing investors an opportunity to invest directly via a diversified infrastructure.

By leveraging the company's platform, the company strives to cultivate and manage the business operations of the company's Immersive technology subsidiary companies, with the intention of allowing each underlying company to better focus on mission-critical endeavors, collaborate with the other subsidiary companies, reduce time to market, optimize costs, improve product quality and leverage joint go-to-market strategies. Subject to operational, market and financial developments and conditions, the company intends to carefully add to its portfolio of subsidiary companies via a combination of organic expansion and/or outside acquisition.

The company's subsidiary companies target a wide array of industry verticals, including but not limited to, corporate training, education, healthcare, government and defense, branding/marketing/advertising, retail, financial services, food and hospitality, media and entertainment, architecture/engineering/construction ('AEC'), corporate events and presentations, beauty and cosmetics, and social VR support groups and therapy. The company does not target direct-to-consumer ('B2C') customers. The company focuses primarily on the business-to-business ('B2B') and business-to-business-to-consumer ('B2B2C') segments. In addition, the company is hardware agnostic.

The Glimpse Platform

The company develops, commercializes and markets proprietary Immersive technology software products, solutions and intellectual property ('IP'). The company's platform is consisted of numerous active wholly-owned subsidiary companies, each targeting different industry segments in a non-competitive, collaborative manner. The company's experienced management and dynamic Immersive technology entrepreneurs have deep domain expertise, providing the foundation for value-add-collaborations throughout the company's ecosystem.

Subsidiary Companies

QReal, LLC (doing business as QReal): Creation of lifelike photorealistic 3D interactive digital models and experiences in AR.

Immersive Health Group, LLC (IHG): VR/AR platform for evidence-based and outcome driven healthcare solutions.

Foretell Studios, LLC (doing business as Foretell Reality): Customizable social VR platform for behavioral health, support groups, collaboration, corporate training, soft skills training, higher education.

Glimpse Group Yazilim ve ARGE Ticaret Anonim Sirketi (Glimpse Turkey): a development center in Turkey, primarily developing and creating 3D models for QReal.

XR Terra, LLC (doing business as XR Terra): Immersive technologies teaching courses and training.

Sector 5 Digital, LLC (S5D): Corporate immersive experiences and events.

PulpoAR, LLC (PulpoAR): AR try-on technologies, targeting the beauty and cosmetics industry; a subsidiary company of QReal.

Brightline Interactive, LLC (BLI): Immersive and interactive experiences, training scenarios, and simulations for both government and commercial customers.

Business Development and Sales

The company utilizes a hybrid approach to the sales and distribution of the company's software products and services.

At the company's subsidiary company level, each company has its own business development and sales team, the size of which depends on its stage of development.

The company's subsidiary companies' business development and sales teams are enhanced by the shared resources and influence of the company's ecosystem.

The company and its subsidiary companies continue to develop a shared partner ecosystem to further scale business and expand the company's solutions into new and existing target markets.

Intellectual Property

As of June 30, 2023, the company had been issued 10 patents by the United States Patent and Trademark Office (the 'USPTO') and has an additional 5 filed patent applications in process.

Research and Development

The company's research and development expenses were approximately $8.79 million for the year ended June 30, 2023.

History

The Glimpse Group, Inc. was founded in 2016. The company was incorporated in the state of Nevada in 2016.