Earnings Call Summary | The Glimpse(VRAR.US) Q2 2024 Earnings Conference
Earnings Call Summary | The Glimpse(VRAR.US) Q2 2024 Earnings Conference
The following is a summary of the The Glimpse Group, Inc. (VRAR) Q2 2024 Earnings Call Transcript:
以下是 Glimpse Group, Inc. (VRAR) 2024 年第二季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
The Glimpse Group reported Q2 2024 revenue of $2.08 million, down by 29% versus Q2 2023, while the six-month revenue decreased by 25% compared to the previous year.
The gross margin for Q2 2024 was 68%, slightly lower than the 70% during Q2 2023.
The company reported an adjusted EBITDA loss of $1.33 million for Q2 2024, an improvement from the Q2 2023 loss of $2.6 million.
As of the end of December 2023, the company held $5.2 million in cash and equivalents and had no outstanding corporate debt or preferred equity.
Glimpse集團報告稱,2024年第二季度收入爲208萬美元,與2023年第二季度相比下降了29%,而六個月的收入與去年同期相比下降了25%。
2024年第二季度的毛利率爲68%,略低於2023年第二季度的70%。
該公司報告稱,2024年第二季度調整後的息稅折舊攤銷前利潤虧損爲133萬美元,較2023年第二季度的260萬美元虧損有所改善。
截至2023年12月底,該公司持有520萬澳元的現金及等價物,沒有未償還的公司債務或優先股。
Business Progress:
業務進展:
The company is strategically transitioning towards providing enterprise software and services through its Spatial Core framework.
It is poised to sign multi-million dollar contracts with multiple Department of Defense entities, large enterprises, and other organizations.
Collaborations are being formed with tech giants like NVIDIA and Microsoft to align their technologies with the needs of enterprises.
Subsidiaries like QReal, Sector 5 Digital, and Glimpse Learning have secured contracts with Walmart, Colgate, and NYU Langone Hospital, and are expected to contribute to cash flow positively and achieve profitable growth.
Noncore assets are being divested and noncore cash expenses have been reduced by approximately 50% which has lowered the operational cash break-even point to $3 million revenue per quarter.
該公司正在戰略性地過渡到通過其Spatial Core框架提供企業軟件和服務。
它準備與國防部的多個實體、大型企業和其他組織簽署數百萬美元的合同。
正在與NVIDIA和微軟等科技巨頭建立合作關係,以使其技術與企業需求保持一致。
QReal、Sector 5 Digital和Glimpse Learning等子公司已與沃爾瑪、高露潔和紐約大學朗格尼醫院簽訂了合同,預計將爲現金流做出積極貢獻並實現盈利增長。
正在剝離非核心資產,非核心現金支出減少了約50%,這使運營現金收支平衡點降至每季度收入300萬美元。
More details: The Glimpse IR
更多詳情: Glimpse IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。