8 Best Augmented Reality Stocks Under $5 to Buy

6) The Glimpse Group, Inc. (NASDAQ:VRAR)

Stock Price as of 18 October: $0.64

Number of Hedge Fund Holders: 1

The Glimpse Group, Inc. (NASDAQ:VRAR) is a virtual reality (VR) and augmented reality (AR) platform company, which is engaged in providing enterprise-focused software, services, and solutions in the US.

Despite the challenging environment, The Glimpse Group, Inc. (NASDAQ:VRAR) secured significant contracts with the Department of Defense, which should boost revenues in FY 2025. The company believes that Q1 2025 revenues will exceed Q4 2024 figures. The Glimpse Group, Inc. (NASDAQ:VRAR) has announced the divestiture of 2 wholly owned subsidiaries i.e., QReal, LLC, and Glimpse Turkey. This should offer an initial value of ~$4.0 million, which excludes potential further equity upside.

The Glimpse Group, Inc. (NASDAQ:VRAR) entered into partnerships with NVIDIA, Microsoft, and AT&T. These partnerships are expected to offer a competitive edge. These recent developments form part of the broader strategy which includes a focus on facilitating future Annual Recurring Revenue opportunities. Therefore, the company expects a revenue increase in FY 2025.

Overall, The Glimpse Group, Inc. (NASDAQ:VRAR)’s commitment to maintain gross margins and focus on enhancing market position via strategic partnerships and opportunities in the defense sectors are expected to support its growth trajectory over the near term. Its strategy consists of proving the value of its solutions in a bid to facilitate future ARR opportunities.

The company’s long-term strategy is centered around ARR and strategic partnerships. Brightline Interactive, which is a wholly-owned subsidiary of The Glimpse Group, Inc. (NASDAQ:VRAR), announced the signing of a Cooperative Research and Development Agreement (CRADA) with the United States Army Combat Capabilities Development Command (DEVCOM), Command, Control, Communication, Computers, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) Center.