The Glimpse Group, Inc. (NASDAQ:VRAR)
Q4 2022 Earnings Conference Call
September 28, 2022 4:30 PM ET
Company Participants
Lyron Bentovim - President and CEO
Maydan Rothblum - CFO and COO
Mark Schwalenberg - IR, MZ Group
Conference Call Participants
Austin Vetterick - Roth Capital
Ignacio Bernaldez - EF Hutton
Presentation
Operator
Welcome to The Glimpse Group Fiscal Year 2022 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded. The earnings press release that accompanies this call was issued at the close of market today and is available on the Investors section of the company's website at ir.theglimpsegroup. com.
Before we begin the formal presentation, I would like remind everybody that statements made on today's call and webcast, including those regarding future financial results and industry prospects are forward-looking and may be subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the call. Please refer to the company's regulatory filings for a list of associated risks. And we would also like to refer you to the company's website for more supporting industry information. A replay of this call will be available on the company's IR website under the Events and Presentations sections.
I would now like to hand the call over to Lyron Bentovim, President and CEO of The Glimpse Group. Lyron, the floor is yours.
Lyron Bentovim
Thank you, [Sherry] (ph), and thank you everyone for joining us. I'm pleased to welcome you to The Glimpse Group's fiscal year 2022 financial results investor Call for our year ended June 30, 2022. Glimpse’s fiscal year 2022 was a transformational year, commencing with our NASDAQ IPO, ending with the addition of Brightline Interactive and highlighted by consecutive record revenue quarters, high gross margins, strong organic growth and several accretive acquisitions.
As it relates to revenue, we have revenue -- record revenue for fiscal year 2022 of approximately $7.3 million, representing a 2.1 times growth compared to the fiscal year 2021 revenues of approximately $3.4 million. This includes five months on Sector 5 Digital, S5D acquisition which closed on February 2, 2022. On a full as if fiscal year basis with full year of S5D revenues would have been approximately $9.8 million, almost 3 times increase compared to fiscal year '21.