NEW YORK, NY / ACCESSWIRE / August 24, 2023 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR)(FSE:9DR), a diversified Virtual Reality ("VR") and Augmented Reality ("AR") company providing enterprise focused immersive technology software and services solutions, announced today the initiation of independent equity analyst coverage by WestPark Capital, with a "Buy" recommendation and a $8.87/share price target.
Lyron Bentovim, President & CEO of Glimpse commented: "We view Glimpse as a proxy to the Immersive technology software and services industry, driven by our diversified structure and leadership position. We are grateful that Westpark Capital has initiated coverage on Glimpse and we look forward to potentially expanding our institutional research and investor base as the Immersive industry continues to grow and evolve".
All reports on Glimpse prepared by analysts represent the views of such analysts and are not necessarily those of Glimpse. Glimpse is not responsible for the content, accuracy, or timelines provided by analysts. Glimpse does not expressly or by implication warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, assumption, data, forecast, price target, estimate, or projection contained in the reports or industry notes provided by analysts, and the dissemination of such reports or industry notes does not necessarily constitute or imply Glimpse's endorsement or recommendation.
About The Glimpse Group, Inc.
The Glimpse Group (NASDAQ:VRAR, FSE:9DR) is a diversified Virtual and Augmented Reality platform company, comprised of multiple immersive technology, enterprise focused, software & services companies. Glimpse's unique business model simplifies the challenges faced by immersive technology companies and creates a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into this emerging industry via a diversified platform. For more information on The Glimpse Group, please visit www.theglimpsegroup.com
Safe Harbor Statement
This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "view," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
CFO & COO
The Glimpse Group, Inc.
SOURCE: The Glimpse Group, Inc.