The Glimpse Group, Inc. (NASDAQ:VRAR) Q2 2024 Earnings Conference Call February 14, 2024 4:30 PM ET

Company Participants

Lyron Bentovim – President and Chief Executive Officer

Maydan Rothblum – Chief Financial Officer and Chief Operating Officer

Conference Call Participants

Casey Ryan – WestPark

Operator

Welcome to the Glimpse Group Q2 Fiscal Year 2024 Financial Results Webinar. 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 release that accompanies this call is available on the Investors section of the company's website at https://ir.theglimpsegroup.com/. Before we begin the formal presentation, I'd like to remind everyone 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 refer you to the company's website for more supporting industry information.

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, everyone, for joining us. I am pleased to welcome you to The Glimpse Group's second quarter fiscal year 2024 financial results investor call for quarter ended December 31, 2023. During this quarter, we made substantial progress on our strategic realignment of Glimpse towards providing immersive enterprise software and services that are driven by Spatial Computing, Cloud and AI or Spatial Core as we refer to it internally, led by our subsidiary company, Brightline Interactive.

As a reminder, we strongly believe that in order for the immersive industry to reach true scale, the compute must be processed in the cloud and not on the headsets or computing device. To reach its full potential, we believe that immersive technology must evolve from worlds and experiences created by humans for consumption by humans to synthetic world whose creation is directed by humans, executed by AI in the cloud and whose consumption is for both humans and non-humans such as robots, drones and AI avatars. This is one of the key philosophies behind Spatial Core and an important competitive advantage if we are to be at the center of this.

We are not making this journey alone. We are working closely with some of the largest players in the tech industry such as NVIDIA and Microsoft, as well as with some of the leading hardware players in the space. We serve as middleware, connecting their cloud and AI technologies and services with the needs of enterprises and organizations creating a win-win-win.