Virtuix Joins the Ranks of Google, Nvidia, Adidas, Walmart, and More  AUSTIN, Texas, March 24, 2026 (GLOBE NEWSWIRE) -- Virtuix Inc. (NASDAQ: VTIX), a leading developer of full-body virtual reality systems, is proud to have been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2026. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. “We are honored to be recognized by Fast Company as one of the World’s Most ...

Core Viewpoint - Virtuix Inc. is actively engaging with institutional investors at the upcoming 38th Annual ROTH Conference, showcasing its Omni One platform and discussing strategic initiatives following its recent Nasdaq listing [1][2]. Group 1: Conference Participation - Virtuix will participate in the 38th Annual ROTH Conference from March 22-24, 2026, in Dana Point, California [1][4]. - Jan Goetgeluk, the CEO and Founder of Virtuix, will host one-on-one meetings with institutional investors during the conference [2][4]. Group 2: Product Demonstration - The company will showcase its Omni One platform with a live demo at Booth 10, allowing institutional investors to experience the product firsthand [3]. - Attendees can submit their business cards for a chance to win an Omni One, valued at $3,495 [3]. Group 3: Company Overview - Virtuix Inc. is a leading manufacturer of full-body virtual reality systems, targeting consumer, enterprise, and defense markets [5]. - The company's Omni-directional treadmills enable users to walk and run in 360 degrees within virtual reality applications, emphasizing its commitment to innovation in XR and AI [5].

Financial Performance - Net sales for the nine months ended December 31, 2025, were $3.0 million, a 41% increase from $2.1 million in the prior year period[3] - Gross margin for the nine months ended December 31, 2025, increased to 29% from (17%) in the prior year period[3] - Net sales for the three months ended December 31, 2025, were $963,817, a decrease of 24% from $1,264,122 in the same period of 2024[31] - Gross profit for the nine months ended December 31, 2025, was $873,047, compared to a gross loss of $(355,603) in the same period of 2024[31] - The net loss for the nine months ended December 31, 2025, was $(6.89) million, an improvement from a net loss of $(12.02) million in the same period of 2024[32] Operating Expenses - Total operating expenses decreased by $5.1 million, or 45%, to $6.3 million in the nine months ended December 31, 2025, from $11.4 million in the prior year[3] - Operating expenses for the nine months ended December 31, 2025, totaled $6.29 million, down from $11.36 million in the same period of 2024[31] - Research and development expenses for the nine months ended December 31, 2025, were $624,759, a decrease from $2.01 million in the same period of 2024[31] Cash and Assets - Cash and cash equivalents totaled $1.1 million as of December 31, 2025, compared to $0.5 million as of March 31, 2025[16] - Cash and cash equivalents increased to $1.07 billion as of December 31, 2025, from $477,908 on March 31, 2025[27] - Total assets increased to $6.36 billion as of December 31, 2025, compared to $5.78 billion on March 31, 2025, reflecting a growth of approximately 10%[27] - Total current liabilities rose to $8.74 billion as of December 31, 2025, from $5.91 billion on March 31, 2025, marking an increase of approximately 48%[29] - The company reported a total stockholders' deficit of $(2.95) million as of December 31, 2025, compared to $(794,035) on March 31, 2025[30] Sales and Orders - New orders for Omni One and Omni One Core systems increased 60% in December 2025 compared to December 2024[3] - Omni One Core sales have expanded to major European markets, with initial shipments scheduled between April 13 and April 24, 2026[7] Strategic Initiatives - The company scaled manufacturing capacity to support up to 3,000 units per month, representing approximately $100 million in annual revenue potential[4] - A strategic collaboration with Meta is expected to expand the addressable market to an estimated 6 million active Quest users[6] - The integration of AI-driven technologies into the Virtual Terrain Walk (VTW) system is expected to enhance deployment speed for defense simulations[9] - The company aims to complement consumer sales with high-value enterprise and defense opportunities, including recurring revenues from software licensing[10] Stock Issuance - The company issued preferred stock worth $1.95 million during the nine months ended December 31, 2025, compared to $2.39 million in the same period of 2024[32]

Core Insights - Virtuix Inc. has appointed Brett Moyer to its Board of Directors, bringing extensive experience in public company leadership, capital markets, and operating roles in technology businesses [1][4]. Company Overview - Virtuix Inc. (NASDAQ: VTIX) is a leading developer of full-body virtual reality systems, targeting consumer, enterprise, and defense markets. The company is known for its "Omni" omni-directional treadmills that allow users to walk and run in 360 degrees within virtual environments [5]. Leadership Experience - Brett Moyer has served as Chief Financial Officer of Datavault AI since January 2025 and has been a director and chairman since 2010. He was also a founding member of WiSA Technologies and held various leadership roles at Focus Enhancements and Zenith Electronics [2][3]. Strategic Growth - The appointment of Brett Moyer comes at a crucial time for Virtuix as it aims to scale its Omni One product, expand market presence, and explore new strategic opportunities. Moyer's expertise is expected to contribute significantly to the company's growth and shareholder value [4]. Market Position - Virtuix is experiencing momentum due to its recent Nasdaq listing, expansion into defense applications through Virtual Terrain Walk, and participation in Meta's Made for Meta program. The company is well-positioned to meet the growing demand for immersive virtual reality technology [4].

Emerging Growth Research Issues Flash Report on Virtuix Holdings Inc. with a Bullish View ELEMENT-- Back to the Newsroom# Emerging Growth Research Issues Flash Report on Virtuix Holdings Inc. with a Bullish ViewNEW YORK, NY / ACCESS Newswire/ March 6, 2026 / Emerging Growth Research today announced the release of its Flash Report on Virtuix Holdings Inc. (Nasdaq:VTIX), maintaining a bullish view on the Company. The report notes that while shares sold off following a circa +60% rise off post-IPO lows, the Co ...

Financial Performance - Net revenues for the nine months ended December 31, 2025, were $2,980,765, a 41% increase from $2,110,889 for the same period in 2024, primarily driven by new sales of Omni One and fulfillment of legacy preorders[191] - Gross profit for the nine months ended December 31, 2025, increased by $1,228,650, with gross margin improving from -17% in 2024 to 29% in 2025, attributed to higher selling prices and reduced manufacturing overhead costs[197] - The company reported a net loss of $(6,892,302) for the nine months ended December 31, 2025, a decrease of $5,131,766 compared to $(12,024,068) for the same period in 2024[200] - Omni One hardware sales generated net revenues of $2,126,985 for the nine months ended December 31, 2025, compared to $1,355,640 in the same period of 2024[194] - Operating expenses decreased to $6,292,648 for the nine months ended December 31, 2025, from $11,357,777 in 2024, largely due to a reduction in general and administrative expenses[199] - Net loss for Q4 2025 was $(2,730,944), an increase of $760,331 compared to $(1,970,613) in Q4 2024, despite improved gross profit[211] - Adjusted EBITDA for Q4 2025 was $(1,624,814), slightly better than $(1,632,849) in Q4 2024[214] Revenue and Sales Growth - New orders for Omni One and Omni One Core systems increased by 60% in December 2025 compared to December 2024, indicating strong demand[201] - Omni Arena revenue decreased as the business transitions to maintenance mode, focusing on supporting existing customers and earning recurring revenues[202] - The Company recognized revenue of $2,517,806 during the nine months ended December 31, 2025, from deferred revenue at the beginning of the period, compared to $1,617,995 for the same period in 2024[278] - Revenue from Omni Care services is recognized ratably over the first 12 months of the contract term, with an observable standalone pricing of $2,000 per quarter[264] Funding and Capital Structure - The company raised $8,000,000 in January 2026 through a Securities Purchase Agreement with Streeterville, along with additional proceeds from warrant exercises totaling $2,553,127[221] - The company issued a total of $2,220,000 in secured promissory notes to Streeterville, with an original issue discount of $200,000[225] - The company anticipates requiring additional funding of approximately $2,000,000 to continue operations for the next 12 months[234] - The company raised $6,219,758 from financing activities for the nine months ended December 31, 2025, compared to $8,023,827 for the same period in 2024[236] - The company has entered into an Equity Purchase Agreement with Streeterville to purchase up to $50,000,000 of Class A common stock over a 24-month period, with an initial advance of $8,000,000[229] Internal Controls and Compliance - The Company identified material weaknesses in internal control over financial reporting, including insufficient written policies and inadequate segregation of duties[299] - Measures have been implemented to improve internal controls, including formalizing policies and enhancing controls for related-party transactions[300] - The Company is committed to continuously evaluating and improving its internal control over financial reporting to address identified deficiencies[301] Future Outlook - The company anticipates continued operating losses as it pursues market penetration and revenue growth in 2026[184] - The company aims to achieve sustainable profitability by scaling Omni One sales and securing defense contracts for VTW[188] - The development of VTW, a multi-user mission planning system for the defense market, is ongoing, with meaningful sales expected no earlier than fiscal year 2027[186] - The company expects to incur additional losses while scaling sales, marketing, and production of its product, Omni One[234] Cash and Liquidity - As of December 31, 2025, the company had cash on hand of $1,074,638, up from $477,908 as of March 31, 2025[220] - The company reported an accumulated deficit of $(69,384,892) as of December 31, 2025, compared to $(62,492,590) as of March 31, 2025[220] - The company’s net cash used in operating activities was $(5,535,794) for the nine months ended December 31, 2025, compared to $(6,342,683) for the same period in 2024[236] - Cash and cash equivalents amounted to $111,802 and $196,962 as of December 31, 2025, and March 31, 2025, respectively, with foreign deposits not insured by the FDIC[261] Accounting Standards and Policies - The Company applies a five-step model for revenue recognition under ASC 606, ensuring that revenue reflects the consideration expected from customers[254] - The Company adopted ASU 2016-13 effective April 1, 2023, resulting in a decrease to receivables and a cumulative-effect adjustment to retained earnings of $22,483[289] - The Company adopted ASU 2017-04 effective April 1, 2023, concluding that the adoption did not have a material impact on its consolidated financial statements[290] - The Company is currently evaluating the impact of ASU 2023-05 on its consolidated financial statements, which is effective for joint venture formations on or after January 1, 2025[291] - The Company adopted ASU 2023-07 on April 1, 2024, requiring disclosure of significant expenses and other segment items for reportable segments[292] - The Company is evaluating the impact of ASU 2023-09, effective for fiscal years beginning after December 15, 2025, which enhances transparency regarding income tax disclosures[293] - The Company is assessing the impact of ASU 2024-03, effective for fiscal years beginning after December 15, 2026, which requires significant expense categories to be disclosed in a tabular format[294] Deferred Revenue and Advertising Expenses - The Company reported deferred revenue of $727,266 as of December 31, 2025, down from $1,769,556 on March 31, 2025[278] - Total advertising expense for the nine months ended December 31, 2025, was $1,270,723, significantly higher than $130,170 for the same period in 2024[282]

Core Insights - Virtuix Inc. celebrated its listing on the Nasdaq Global Market under the ticker symbol "VTIX," which began trading on January 27, 2026, by ringing the Nasdaq Closing Bell on March 5, 2026 [1][2][3] Financial Highlights - Net sales for the nine months ended December 31, 2025, increased by 41% year-over-year to $3.0 million [6] - Gross margin for the same period improved to 29%, up from a negative 17% in the prior year [6] - Total operating expenses decreased by 45% to $6.3 million for the nine months ended December 31, 2025 [6] Operational Highlights - New orders for Omni One and Omni One Core systems rose by 60% in December 2025 compared to December 2024, indicating a strong holiday season [6] - Virtuix joined the "Made for Meta" partnership program to enhance Omni One treadmill compatibility with Meta Quest headsets and games, broadening its market reach [6] - The company expanded Omni One Core sales across major European markets with dedicated EU and UK storefronts, with initial shipments set to begin in April 2026 [6] - Virtuix advanced its Virtual Terrain Walk (VTW) system for defense training, integrating AI-enabled 3D reconstruction for photorealistic terrain creation [6][7] - The company announced the sale of test units to the U.S. Military Academy at West Point, the U.S. Air Force Academy, and Yokota Air Force Base [7] - In collaboration with the University of Central Florida's Institute for Simulation & Training, Virtuix demonstrated humanoid robot teleoperation using Omni One Enterprise [7] Investor Relations - Virtuix launched a dedicated Investor Relations section on its website, providing access to SEC filings, governance information, investor presentations, and an IR calendar [7]

Core Insights - Virtuix Holdings Inc. reported a 41% increase in net sales to $3.0 million for the nine months ended December 31, 2025, compared to $2.1 million in the prior year period, driven by strong demand for its Omni One systems and successful holiday sales [4][14] - The company achieved a gross margin of 29% for the nine months ended December 31, 2025, a significant improvement from a gross loss of (17%) in the prior year, attributed to a price increase and reduced overhead costs [4][15] - Total operating expenses decreased by 45% to $6.3 million, down from $11.4 million in the prior year, primarily due to reductions in general and administrative expenses [4][16] Financial Performance - For the three months ended December 31, 2025, net sales were $1.0 million, a 24% decrease from $1.3 million in the prior year, with new orders for Omni One systems increasing by 60% in December 2025 compared to December 2024 [19] - Gross profit for the three months ended December 31, 2025, was $0.3 million, compared to a gross loss of ($0.02) million in the prior year, with a gross margin improvement to 30% from (2%) [20][21] - The net loss for the nine months ended December 31, 2025, was ($6.9) million, an improvement from a net loss of ($12.0) million in the prior year, which included a one-time non-cash stock-based compensation expense [17] Strategic Developments - The company transitioned to a publicly traded entity on January 27, 2026, with its listing on the Nasdaq under the ticker "VTIX," enhancing its market visibility and access to capital [6] - A strategic collaboration with Meta through the "Made for Meta" program aims to make Omni One compatible with Meta Quest headsets, expanding the addressable market to approximately 6 million active users [7] - The company is advancing its Virtual Terrain Walk (VTW) system for defense applications, integrating AI technologies to enhance the realism and efficiency of virtual terrain creation [9] Market Expansion - Virtuix has expanded its Omni One Core sales to major European markets, including Germany, the United Kingdom, and France, with initial shipments expected between April 13 and April 24, 2026 [10] - The company is focused on scaling its full-body movement technology and aims to capture a growing share of consumer, enterprise, and defense markets, with a potential annual revenue of approximately $100 million [5][12]

Core Viewpoint - Virtuix Inc. is advancing the field of full-body virtual reality systems through its Omni technology, which allows for natural movement in AI-generated environments, enhancing human-robot interaction and teleoperation capabilities [1][2][5]. Group 1: Collaboration and Technology - Virtuix has partnered with the University of Central Florida's Institute for Simulation & Training to demonstrate real-time control of humanoid robots using the Omni One omni-directional treadmill [2][4]. - The Omni One system enables operators to walk and move in any direction, allowing humanoid robots to mirror these movements, addressing limitations in teleoperation [4][5]. - The collaboration utilizes a stereoscopic "CAVE-like" projection system called vDen, which enhances operator comfort and spatial awareness without the need for head-mounted displays [5][6]. Group 2: Product Development - Virtuix is collaborating with 1HMX to develop the Nexus NX1, a full-body system designed for humanoid robot teleoperation and physical AI training [7]. - The NX1 integrates the Omni One treadmill with HaptX Gloves G1, providing lifelike tactile feedback and real-time sensory data to improve robot performance [7][8]. - This system aims to generate detailed movement data that can enhance the autonomy and capabilities of humanoid robots [8]. Group 3: Market Position and Vision - Virtuix positions itself as a leader in the full-body virtual reality market, catering to consumer, enterprise, and defense sectors with its innovative Omni technology [9]. - The company emphasizes the potential of its products in the growing field of humanoid robots and embodied AI, highlighting the importance of immersive VR technology in practical robotics applications [5][6].

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the team includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Utilization - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain best practices in content production and search engine optimization [5]