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Virtuix Delivers Omni One to the U.S. Marine Corps
Globenewswire· 2026-03-26 11:47
Core Insights - Virtuix Inc. has secured a contract with the United States Marine Corps Training and Education Command for the purchase of an Omni One omni-directional treadmill system aimed at enhancing warfighter training and mission planning [1][2] - This deployment signifies a significant expansion of Virtuix's presence in the defense sector, following previous sales to other military institutions, indicating a growing acceptance of full-body VR technologies in military training [2][3] Company Overview - Virtuix Inc. is recognized as a leading manufacturer of full-body virtual reality systems, catering to consumer, enterprise, and defense markets [4] - The company's flagship product, the Omni omni-directional treadmill, allows users to walk and run in all directions within virtual environments, enhancing the immersive experience [5] Technology and Applications - The Virtual Terrain Walk (VTW) system enables soldiers to simulate battlefield scenarios, utilizing AI-driven 3D reconstruction to create realistic and navigable 3D environments [3] - The technology supports various military applications, including operational planning, mission rehearsal, and combat readiness training, thereby improving training effectiveness [2][3]
Virtuix Inc. Named to Fast Company's Annual List of the World's Most Innovative Companies of 2026
Globenewswire· 2026-03-24 11:47
Core Insights - Virtuix Inc. has been recognized as one of the World's Most Innovative Companies of 2026 by Fast Company, highlighting its role in shaping industry and culture through innovation [1][5][7] Company Developments - The CEO of Virtuix, Jan Goetgeluk, emphasized the company's innovation at the intersection of virtual reality and AI, expanding the Omni platform into consumer gaming, enterprise, and defense sectors [2][3] - Virtuix has made significant advancements in omni-directional treadmill technology and has accelerated the commercialization of the Omni One platform, expanding its international presence into Europe and joining Meta's "Made for Meta" program [2][4] Technological Advancements - The company has expanded its patent-protected technology into advanced simulation and training applications for defense and enterprise markets, introducing AI-generated terrain capabilities for its Virtual Terrain Walk system [3] - This technology allows for the rapid conversion of real-world locations into immersive virtual training environments, significantly reducing the time required for development [3] Financial Performance - Virtuix reported a 41% year-over-year revenue growth in its nine-month financial results, reflecting ongoing progress in scaling the business and driving revenue growth [4] Industry Recognition - Fast Company's list of the Most Innovative Companies is a competitive recognition process that evaluates companies driving progress across various industries [5][7] - The recognition places Virtuix alongside other notable companies like Google, Nvidia, and Walmart, showcasing its leadership in innovation [6][7]
Virtuix Rings the Nasdaq Closing Bell Celebrating its Listing on the Nasdaq Global Market
Globenewswire· 2026-03-06 12:47
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]
Virtuix Reports Third Quarter and Nine-Month Fiscal 2026 Financial Results
Globenewswire· 2026-03-05 12:31
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]
Virtuix to Host Third Quarter Fiscal Year 2026 Results Conference Call on Thursday, March 5, 2026 at 8:30 a.m. Eastern Time
Globenewswire· 2026-02-23 12:47
Core Insights - Virtuix Inc. will hold a conference call on March 5, 2026, to discuss its Q3 fiscal results for 2026 and provide updates on various initiatives [1][2] Company Updates - The company is joining the Made for Meta program, enhancing compatibility of its Omni One system with Meta Quest headsets and games [1] - Recent expansion of Omni One sales to Europe has been noted, indicating growth in international markets [1] - Integration of AI-driven Gaussian splatting technology into the Virtual Terrain Walk (VTW) system is a key development [1] Financial Information - The conference call will be hosted by CEO Jan Goetgeluk and CFO Thomas McGinnis, followed by a Q&A session [2] - A press release detailing the financial results will be issued prior to the call [1] Company Background - Virtuix Inc. is a leading manufacturer of full-body virtual reality systems, with a focus on consumer, enterprise, and defense markets [3] - The company's flagship product, the "Omni" omni-directional treadmill, allows users to walk and run in 360 degrees within virtual environments [3] - Virtuix is committed to innovation in XR and AI, aiming to deliver immersive experiences globally [3]