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The Glimpse Group Named to the 2024 Deloitte Technology Fast 500(TM) North America List

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The Glimpse Group (NASDAQ:VRAR) has been named to the 2024 Deloitte Technology Fast 500™ list, ranking 197th among North America's fastest-growing technology companies. The company, which provides enterprise-focused VR, AR, and Spatial Computing solutions, achieved approximately 590% revenue growth during fiscal years 2020-2023. This marks Glimpse's second consecutive year on the prestigious list, highlighting its strong position in the growing Immersive technology sector.

The Glimpse Group (NASDAQ:VRAR) è stata inserita nella lista 2024 Deloitte Technology Fast 500™, classificandosi al 197° posto tra le aziende tecnologiche a più rapida crescita del Nord America. L'azienda, che offre soluzioni di VR, AR e Spatial Computing focalizzate sulle imprese, ha registrato una crescita dei ricavi di circa 590% nel periodo fiscale 2020-2023. Questo segna il secondo anno consecutivo di Glimpse in questa prestigiosa lista, evidenziando la sua forte posizione nel crescente settore della tecnologia immersiva.

The Glimpse Group (NASDAQ:VRAR) ha sido nombrada en la lista 2024 Deloitte Technology Fast 500™, ocupando el puesto 197 entre las empresas tecnológicas de más rápido crecimiento en América del Norte. La empresa, que proporciona soluciones de VR, AR y Computación Espacial centradas en empresas, logró un crecimiento de ingresos de aproximadamente 590% durante los años fiscales 2020-2023. Este es el segundo año consecutivo de Glimpse en esta prestigiosa lista, destacando su sólida posición en el creciente sector de la tecnología inmersiva.

The Glimpse Group (NASDAQ:VRAR)는 2024 Deloitte Technology Fast 500™ 리스트에 이름을 올렸으며, 북미에서 가장 빠르게 성장하는 기술 회사 중 197위에 랭크되었습니다. 기업 중심의 VR, AR 및 Spatial Computing 솔루션을 제공하는 이 회사는 2020-2023 회계연도 동안 약 590%의 매출 성장을 달성했습니다. 이는 Glimpse가 이 권위 있는 리스트에 두 번째로 연속하여 이름을 올린 것으로, 점점 성장하는 몰입형 기술 분야에서의 강력한 입지를 강조하고 있습니다.

The Glimpse Group (NASDAQ:VRAR) a été inscrit sur la liste 2024 Deloitte Technology Fast 500™, se classant au 197e rang parmi les entreprises technologiques à la croissance la plus rapide en Amérique du Nord. L'entreprise, qui propose des solutions de VR, AR et de Computation Spatiale axées sur les entreprises, a réalisé une croissance des revenus d'environ 590% au cours des exercices fiscaux 2020-2023. Cela marque la deuxième année consécutive de Glimpse sur cette prestigieuse liste, mettant en avant sa position solide dans le secteur en pleine expansion de la technologie immersive.

The Glimpse Group (NASDAQ:VRAR) wurde in die Liste 2024 Deloitte Technology Fast 500™ aufgenommen und belegt den 197. Platz unter den am schnellsten wachsenden Technologieunternehmen Nordamerikas. Das Unternehmen, das sich auf VR-, AR- und Spatial Computing-Lösungen für Unternehmen spezialisiert hat, verzeichnete während der Geschäftsjahre 2020-2023 ein Umsatzwachstum von etwa 590%. Dies ist das zweite Jahr in Folge, dass Glimpse auf dieser renommierten Liste steht, was seine starke Position im wachsenden Sektor der immersiven Technologien unterstreicht.

Positive
  • Ranked 197th in Deloitte Technology Fast 500 list
  • 590% revenue growth over FY2020-2023
  • Second consecutive year on the Deloitte Fast 500 list
Negative
  • None.

Insights

The 590% revenue growth over three years is impressive for a micro-cap company in the emerging immersive technology sector. However, with a current market cap of just $10.9 million, this growth hasn't translated into significant market value. The repeat inclusion in Deloitte's Fast 500 validates the company's execution but should be viewed in context of the extremely low revenue base typical of early-stage tech companies. The immersive tech market shows promise, but VRAR's micro-cap status and the general volatility of the AR/VR sector suggest high risk. The company's enterprise focus could provide more stable revenue streams compared to consumer applications, though significant competition from larger tech players remains a concern.

NEW YORK CITY, NY / ACCESSWIRE / November 22, 2024 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, today announced that it was selected to the 2024 Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America.

Glimpse was ranked as the 197th highest growth company. For the review period of Fiscal Year 2020-2023, Glimpse's revenues grew by approximately 590%.

Glimpse's President & CEO Lyron Bentovim commented: "This is the second year in row in which we have been included in the Deloitte Technology Fast 500 list. This is strong indicator of the Immersive industry's significant growth potential and our leading position in it."

About The Glimpse Group, Inc.

The Glimpse Group (NASDAQ:VRAR) is a diversified Immersive technology platform company, providing enterprise-focused Virtual Reality, Augmented Reality and Spatial Computing software & services. Glimpse's unique business model builds scale and a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into this emerging industry via a diversified platform. For more information on The Glimpse Group, please visit www.theglimpsegroup.com

Safe Harbor Statement

This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This press release may contain certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements, if provided, are based on information available to the Company as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business. Forward-looking statements, if provided, include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "view," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts, if provided, are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, any forecasts, if provided, are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Company Contact:

Maydan Rothblum
CFO & COO
The Glimpse Group, Inc.
(917) 292-2685
maydan@theglimpsegroup.com

SOURCE: The Glimpse Group, Inc.



View the original press release on accesswire.com

FAQ

What was The Glimpse Group's (VRAR) revenue growth rate from 2020 to 2023?

The Glimpse Group achieved approximately 590% revenue growth during the fiscal years 2020-2023.

What ranking did The Glimpse Group (VRAR) achieve in the 2024 Deloitte Technology Fast 500?

The Glimpse Group ranked 197th on the 2024 Deloitte Technology Fast 500 list.

How many times has The Glimpse Group (VRAR) been included in the Deloitte Technology Fast 500?

This is the second consecutive year The Glimpse Group has been included in the Deloitte Technology Fast 500 list.

The Glimpse Group, Inc.

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