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].

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].