Vitalist Reports Third Quarter 2026 Financial Results

Core Insights - Vitalist Inc. reported its financial results for the nine months ended December 31, 2025, showing a nominal increase in revenue compared to the previous year, despite a significant net loss [1][6][7]. Financial Performance - Total revenue for the nine-month period was CAD 4.08 million, a slight increase from CAD 4.06 million in the prior year [7]. - Gross profit for the same period was CAD 1.53 million, with a gross profit margin of 45%, up from 44% the previous year, attributed to higher-margin Reebok products [6][7]. - The company recorded a net loss of CAD 2.51 million for the nine months, compared to CAD 2.10 million in the prior year, primarily due to a write-off of CAD 0.64 million and increased sales and marketing expenses [6][7]. - Cash used in operating activities was CAD 1.61 million for the nine-month period, an increase from CAD 1.09 million in the previous year [7]. Product Development and Market Strategy - Vitalist launched the Reebok Pulse and Icon smartwatches and is expanding its product line with the Rush and Stride smartwatches [4]. - The company is preparing to release its proprietary VitalOS™ platform, expected to enhance health and wellness experiences through broad hardware compatibility and customization [4]. - A partnership with Pattern Inc. aims to expand Vitalist's digital reach and drive higher sales volumes [5]. Market Expansion - Vitalist expanded its presence in the U.S. market by listing on the OTCQB Venture Market under the symbol VTLSF on October 9, 2025 [7]. Asset and Liability Overview - As of December 31, 2025, total assets were CAD 1.36 million, an increase from CAD 1.13 million as of March 31, 2025 [8]. - The company reported total non-current financial liabilities of CAD 6.44 million [8].