Vitalist Reports Second Quarter 2026 Financial Results

Core Insights - Vitalist Inc. reported significant financial growth in Q2 2026, driven by the launch of Reebok smartwatches and a strategic shift towards its proprietary VitalOS™ platform [2][3]. Financial Performance - Revenue for the three months ended September 30, 2025, was CAD 2.12 million, a 42% increase from CAD 1.49 million in the same period last year [3][4]. - For the six months ended September 30, 2025, revenue reached CAD 3.79 million, up 34% from CAD 2.82 million in the prior year [3][4]. - The gross profit margin for the three months ended September 30, 2025, was 36%, compared to 33% in the same period last year, while the six-month gross profit margin decreased to 32% from 36% year-over-year [3][4]. - The company recorded a net income of CAD 0.15 million for the three months ended September 30, 2025, and a net loss of CAD 0.31 million for the six months, an improvement from a net loss of CAD 0.81 million and CAD 1.35 million in the prior year [3][4]. Strategic Developments - Vitalist secured a 5-year exclusive brand licensing agreement with Authentic Brands Group for Reebok smartwatches in the Americas, replacing the previous Motorola agreement [2]. - The initial Reebok Pulse and Icon smartwatches launched in August 2025 are performing well in retail, with higher gross margins than previous products [2]. - The anticipated launch of the VitalOS™ platform in Q4 2025 aims to enhance health and wellness experiences through integrated biometric data [2]. Operational Insights - Operating cash outflows for the six months ended September 30, 2025, were CAD 2.44 million, up from CAD 0.23 million in the same period last year, primarily due to unfavorable changes in working capital [3]. - Total assets as of September 30, 2025, were CAD 3.78 million, significantly higher than CAD 1.13 million as of March 31, 2025 [4].