Earnings ·
Virtuix Holdings Inc. reported financial results for the first quarter of fiscal year 2027 ended June 30, 2026
VTIXVirtuix Holdings Inc.
Virtuix Holdings Inc. reported financial results for the first quarter of fiscal year 2027 ended June 30, 2026. Net sales decreased 26% to $0.8 million from $1.0 million in the prior-year period, as previous revenue benefited from legacy backlog fulfillment while current sales came from new customers. New orders for Omni One systems increased 72% year-over-year and approximately 150% since the Meta Quest launch. Gross profit rose 29% to $227,158, expanding gross margin to 30% from 17%. The company reported a net loss of $7.2 million, or ($0.22) per share, compared to a $2.3 million loss in the prior year. Operating expenses increased 86% to $4.1 million due to higher stock-based compensation and professional services fees. Cash and cash equivalents totaled $7.4 million at quarter-end. Virtuix Holdings Inc. is a manufacturer of AI-driven, full-body simulation systems for consumer, enterprise, healthcare, and defense markets.