Earnings ·
Virtuix reports Q1 net loss of $7.2M as sales drop 26% to $0.8 million
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.