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Side-by-side financial comparison of Lakeshore Acquisition III Corp. (LCCC) and Glimpse Group, Inc. (VRAR). Click either name above to swap in a different company.

Glimpse Group, Inc. is the larger business by last-quarter revenue ($1.3M vs $717.3K, roughly 1.8× Lakeshore Acquisition III Corp.). Lakeshore Acquisition III Corp. runs the higher net margin — 67.9% vs -94.3%, a 162.2% gap on every dollar of revenue.

The Glimpse Group, Inc. is a specialized immersive technology firm focused on developing virtual reality (VR) and augmented reality (AR) solutions. It serves enterprise, education, healthcare, and entertainment segments, offering custom immersive experiences and software tools for clients across North America and select global markets.

LCCC vs VRAR — Head-to-Head

Bigger by revenue
VRAR
VRAR
1.8× larger
VRAR
$1.3M
$717.3K
LCCC
Higher net margin
LCCC
LCCC
162.2% more per $
LCCC
67.9%
-94.3%
VRAR

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
LCCC
LCCC
VRAR
VRAR
Revenue
$717.3K
$1.3M
Net Profit
$486.8K
$-1.2M
Gross Margin
60.7%
Operating Margin
-32.1%
-97.1%
Net Margin
67.9%
-94.3%
Revenue YoY
-59.0%
Net Profit YoY
-4837.1%
EPS (diluted)
$0.08
$-0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LCCC
LCCC
VRAR
VRAR
Q4 25
$1.3M
Q3 25
$717.3K
$1.4M
Q2 25
$467.3K
Net Profit
LCCC
LCCC
VRAR
VRAR
Q4 25
$-1.2M
Q3 25
$486.8K
$-1.0M
Q2 25
$216.5K
Gross Margin
LCCC
LCCC
VRAR
VRAR
Q4 25
60.7%
Q3 25
72.1%
Q2 25
Operating Margin
LCCC
LCCC
VRAR
VRAR
Q4 25
-97.1%
Q3 25
-32.1%
-95.6%
Q2 25
-53.7%
Net Margin
LCCC
LCCC
VRAR
VRAR
Q4 25
-94.3%
Q3 25
67.9%
-73.9%
Q2 25
46.3%
EPS (diluted)
LCCC
LCCC
VRAR
VRAR
Q4 25
$-0.06
Q3 25
$0.08
$-0.05
Q2 25
$0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LCCC
LCCC
VRAR
VRAR
Cash + ST InvestmentsLiquidity on hand
$3.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-1.6M
$15.3M
Total Assets
$71.0M
$16.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LCCC
LCCC
VRAR
VRAR
Q4 25
$3.3M
Q3 25
$5.6M
Q2 25
Stockholders' Equity
LCCC
LCCC
VRAR
VRAR
Q4 25
$15.3M
Q3 25
$-1.6M
$16.2M
Q2 25
$-1.4M
Total Assets
LCCC
LCCC
VRAR
VRAR
Q4 25
$16.0M
Q3 25
$71.0M
$18.3M
Q2 25
$70.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LCCC
LCCC
VRAR
VRAR
Operating Cash FlowLast quarter
$-206.3K
$-739.2K
Free Cash FlowOCF − Capex
$-747.3K
FCF MarginFCF / Revenue
-57.5%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
-0.42×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LCCC
LCCC
VRAR
VRAR
Q4 25
$-739.2K
Q3 25
$-206.3K
$-1.3M
Q2 25
$-218.3K
Free Cash Flow
LCCC
LCCC
VRAR
VRAR
Q4 25
$-747.3K
Q3 25
$-1.3M
Q2 25
FCF Margin
LCCC
LCCC
VRAR
VRAR
Q4 25
-57.5%
Q3 25
-92.8%
Q2 25
Capex Intensity
LCCC
LCCC
VRAR
VRAR
Q4 25
0.6%
Q3 25
0.6%
Q2 25
Cash Conversion
LCCC
LCCC
VRAR
VRAR
Q4 25
Q3 25
-0.42×
Q2 25
-1.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LCCC
LCCC

Segment breakdown not available.

VRAR
VRAR

Software Services$1.2M90%
Other$124.4K10%

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