Glimpse Group, Inc. (NASDAQ: VRAR)

Glimpse Group, Inc., often recognized by its stock symbol VRAR, operates in the immersive technology industry. The company, headquartered in New York, New York, was established on June 15, 2016. Glimpse Group's primary business activities involve the creation, commercialization, and marketing of innovative immersive technology software products, solutions, and intellectual property. The company's operations are spread across various subsidiaries, each targeting different industry segments in a non-competitive, collaborative manner.

The Glimpse Group's revenue generation is primarily through the sale of its software products and services to a wide array of industries. These industries include corporate training, education, healthcare, government and defense, branding and marketing, retail, financial services, food and hospitality, media and entertainment, architecture and engineering, and corporate events and presentations. The company's primary offerings include virtual reality (VR), augmented reality (AR), and spatial computing solutions.

The company's competitive advantages stem from its diversified platform, collaborative environment, and profitable growth strategy. The company's unique ownership structure, where a significant portion of its employees own equity, fosters a conducive environment for the exchange of ideas and collaboration among subsidiaries. This structure also ensures that even if a subsidiary company is divested, the remaining subsidiaries can continue to utilize the intellectual property of the divested company, thanks to perpetual licensing agreements.

Glimpse Group's customer base is diverse, with no single customer accounting for more than 26% of its revenues. The company's revenue concentration is expected to decrease further as it continues to expand its customer base and diversify its revenue streams.

The company's intellectual property portfolio includes 10 patents issued by the United States Patent and Trademark Office (USPTO) and an additional 5 filed patent applications. Glimpse Group's intellectual property is a crucial part of its business strategy, and it takes measures to protect its proprietary information by requiring employees, consultants, and partners with access to confidentiality agreements and non-competition agreements.

In terms of economic dependence, Glimpse Group's sales cycles can range from 3 to 18 months, depending on the size and complexity of the proposed solution and the customer's understanding of the immersive technology space. The company's economic dependence is primarily on its customers, with a single customer accounting for approximately 26% of its revenues. However, the company is taking steps to reduce its dependence on any one customer by diversifying its customer base.