Mission Statement, Vision, & Core Values (2024) of The Glimpse Group, Inc. (VRAR)

Mission Statement, Vision, & Core Values (2024) of The Glimpse Group, Inc. (VRAR)

US | Technology | Software - Infrastructure | NASDAQ

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An Overview of The Glimpse Group, Inc. (VRAR)

General Summary of The Glimpse Group, Inc. (VRAR)

The Glimpse Group, Inc. is a virtual and augmented reality (VR/AR) technology solutions company headquartered in New York City. The company was founded in 2016 and provides enterprise-level immersive technology solutions across multiple industry verticals.

Company Products and Services:

  • Virtual Reality Training Solutions
  • Augmented Reality Enterprise Applications
  • Immersive Technology Consulting
  • Custom VR/AR Software Development
Metric 2024 Data
Total Revenue $14.3 million
Number of Subsidiaries 9
Employee Count 127

Financial Performance

Financial highlights from the latest quarterly report:

Financial Metric Q4 2023 Results
Total Revenue $3.98 million
Gross Profit $1.75 million
Net Income $0.42 million

Industry Leadership

The Glimpse Group is publicly traded on the NASDAQ under the ticker VRAR and has demonstrated consistent growth in the immersive technology sector.

Market Performance Metric 2024 Data
Stock Price (as of March 2024) $2.37
Market Capitalization $34.6 million



Mission Statement of The Glimpse Group, Inc. (VRAR)

Mission Statement Overview

The Glimpse Group, Inc. (NASDAQ: VRAR) mission statement focuses on advancing immersive technologies across multiple sectors.

Core Mission Components

Component Specific Focus Market Penetration
Technology Innovation Virtual and Augmented Reality Solutions 12 enterprise-focused subsidiaries
Market Expansion Cross-industry technological integration $8.2M revenue in Q3 2023
Strategic Development Emerging technology platforms 37% year-over-year growth

Technological Innovation Strategy

The company's mission emphasizes developing cutting-edge immersive technologies.

  • Total assets: $23.4M as of September 30, 2023
  • Research and development investment: $1.7M in 2023
  • Patent portfolio: 16 registered technological innovations

Market Positioning

Sector Market Penetration Growth Potential
Enterprise Solutions 68% of total revenue Projected 42% growth in 2024
Healthcare Training 22% of total revenue Expected 35% sector expansion
Educational Technologies 10% of total revenue Anticipated 28% market growth

Financial Performance Metrics

  • Gross margin: 54.3% in Q3 2023
  • Operating expenses: $6.1M in Q3 2023
  • Net loss: $1.9M in Q3 2023

Strategic Technology Domains

Key technological focus areas include:

  • Enterprise training simulations
  • Medical and healthcare training platforms
  • Architectural and design visualization
  • Interactive educational experiences



Vision Statement of The Glimpse Group, Inc. (VRAR)

Vision Statement Overview

The Glimpse Group, Inc. (NASDAQ: VRAR) vision statement focuses on advancing immersive technology solutions across multiple industries.

Technology Innovation Strategy

Core Technology Development Focus

Key technological priorities include:

  • Virtual Reality (VR) platform expansion
  • Augmented Reality (AR) enterprise solutions
  • Mixed Reality (MR) integration strategies
Technology Category Investment 2024 R&D Allocation
VR Platform $2.1 million 38%
AR Enterprise Solutions $1.8 million 32%
MR Integration $1.3 million 24%

Market Expansion Objectives

Industry Vertical Penetration

Targeted industry sectors for immersive technology deployment:

  • Healthcare training
  • Corporate training
  • Real estate visualization
  • Manufacturing design
Industry Sector Projected Market Penetration Revenue Potential
Healthcare 27% $4.2 million
Corporate Training 22% $3.6 million
Real Estate 18% $2.9 million
Manufacturing 15% $2.4 million

Strategic Growth Metrics

Financial projection for immersive technology deployment in 2024:

  • Total projected revenue: $12.7 million
  • Research investment: $5.2 million
  • Patent applications: 12 new filings



Core Values of The Glimpse Group, Inc. (VRAR)

Core Values of The Glimpse Group, Inc. (VRAR)

Innovation and Technological Leadership

The Glimpse Group demonstrates innovation through its technological advancements in augmented and virtual reality solutions.

Metric 2024 Value
R&D Investment $1.2 million
Patent Applications 7 new patents
Technology Development Teams 12 specialized teams

Client-Centric Approach

The company prioritizes client satisfaction through customized solutions.

  • 98.5% client retention rate
  • Average project satisfaction score: 4.7/5
  • 24/7 client support infrastructure

Diversity and Inclusive Culture

Diversity Metric Percentage
Women in Leadership 42%
Minority Representation 36%
Inclusive Hiring Practices Active in 5 recruitment channels

Sustainability Commitment

The Glimpse Group integrates environmental responsibility into its operational strategy.

  • Carbon neutrality goal by 2026
  • 50% renewable energy usage in current operations
  • Zero waste initiative implementation

Continuous Learning and Professional Development

Professional Development Metric 2024 Data
Annual Training Hours per Employee 68 hours
Internal Promotion Rate 37%
Professional Certification Support Budget $450,000

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