So what if Google has had a tough fourth quarter? So what if its failed Glass project shares a part of the blame for it? The global search engine giant has still not given up on its much-ambitious, now defunct Glass project.

During the company's earnings call, chief financial officer Patrick Pichette had admitted that the project did not turn out how they had hoped for. However, Pichette dropped in no indication that the company was looking to abandon the project altogether. Instead, Google was taking time out to rethink its strategy with respect to Glass.

A new report now suggests that the company would in fact be starting work on the second generation of its Glass eye wear sometime in the unforeseen future. We know that the Glass project that was born out of Google X labs has now been 'graduated' and shifted to Nest.

According to the report (via the The New York Times) Nest CEO Tony Fadell is looking to start over from scratch with respect to Google Glass. Further, the second generation of Google Glass would be redesigned from scratch and won't be available for grabs until the time it reaches perfection, adds the report.

"There will be no public experimentation. Tony is a product guy and he's not going to release something until it's perfect." the report quotes an adviser to Fadell as saying.

Notably, Google's explorer program was cancelled when the project was shifted to NEST. At the time of the official announcement, Google had said new versions of Glass would be shown off as and when they'll be ready. As things stand now, this is not happening anytime soon.

Moreover, starting from scratch means, Glass 2 could be an all new revamp on so many fronts, since the first generation had so many shortcomings. We were expecting a new version sometime in 2015, that is also not happening anymore.