Glimpse Group Inc (VRAR)

Shares of the Glimpse Group, Inc. dropped by 20.42% from $1.42 to $1.13 in the trading on Wednesday, December 13, 2023. The reason why VRAR down today is due to weaker-than-expected Q3 results which contributed to a decline in its stock price. Revenue for the quarter came in at $2.27 million compared to the estimated $3.37 million. Despite growth in its platform business, hardware sales fell significantly year-over-year due to supply chain issues.

The Glimpse Group, Inc. (VRAR) shares dipped 43.4% to $1.84 after the company reported a wider FY23 loss. The bad news for Glimpse stock comes from its revenue of $2.9 million for the current quarter. That’s below the $4 million in revenue that Wall Street was expecting.

https://investorplace.com/2023/09/why-is-glimpse-vrar-stock-down-43-today/