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Vitalist Reports Third Quarter 2026 Financial Results
Globenewswire· 2026-02-12 22:00
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].
Vitalist and MicroEJ Partner with BENIO to Launch First VitalOS™ Powered Smartwatch in Asia
Globenewswire· 2026-02-09 12:03
Core Viewpoint - Vitalist Inc. has formed a strategic partnership with MicroEJ and Shenzhen BENIO IoT Technology Co., Ltd to launch a Benio-branded smartwatch powered by VitalOS, targeting the rapidly growing Asian smartwatch market [1][2][3] Group 1: Partnership Details - The partnership includes a multi-year agreement to introduce a smartwatch that will leverage VitalOS technology, marking a significant step in Vitalist's global expansion efforts [2][3] - This collaboration aims to accelerate the adoption of VitalOS in the Asian market, which is characterized by increasing consumer demand for advanced wearable technology [2][3] Group 2: Technology and Market Impact - VitalOS, utilizing MicroEJ's VEE Wear solution, promises up to three times longer battery life and comprehensive third-party app support, while minimizing hardware requirements and manufacturing costs [4][5] - The partnership is expected to enhance the user experience on low-power, affordable hardware, allowing manufacturers like Benio to innovate rapidly while maintaining quality across various market tiers [5] Group 3: Company Profiles - MicroEJ is recognized as a leader in software solutions for intelligent devices, with over 300 million units sold globally, enabling manufacturers to create smart, cloud-connected devices [6] - Benio IoT Technology Co. specializes in consumer electronics and aims to deliver high-quality, feature-rich wearables to a broad consumer base, marking its strategic entry into the smartwatch sector [7]
Vitalist and MicroEJ Announce New Reebok Smartwatch Powered by VitalOS™
Globenewswire· 2025-12-02 12:30
Core Insights - Vitalist Inc. and MicroEJ have launched the first Reebok smartwatch powered by the VitalOS™ platform, aimed at supporting consumer brands in the wearable market [1][3] - VitalOS™ offers brands greater control over their wearable product experience, allowing for customization and alignment with brand-specific design priorities [2] Company Overview - Vitalist Inc. is a technology provider focused on helping brands create connected devices and applications that enhance user experience through intelligent analytics [8] - MicroEJ is a leader in software solutions for intelligent devices, with over 400 million units of its technology sold globally, enabling manufacturers to innovate rapidly [7] Platform Capabilities - VitalOS™ is built on MicroEJ's virtualization technology, designed to streamline the cost, speed, and scale of wearable development [2] - The platform supports low-power architecture for extended battery performance, 6–9 month development cycles, and hardware-agnostic scalability [4] Commercial Implementation - Reebok is the first global brand to implement VitalOS™, showcasing how established brands can extend their legacy into the wearable market [3] Future Showcase - Vitalist, MicroEJ, and Reebok will present the new smartwatch and the VitalOS™ platform at CES 2026, highlighting the collaboration and product capabilities [6]
Vitalist Engages IMS Investor Relations to Enhance Capital Markets Presence
Thenewswire· 2025-11-14 13:05
Core Insights - Vitalist Inc. has engaged IMS Investor Relations Inc. to enhance its visibility in the investment community and improve shareholder communication [1][2][4] Company Overview - Vitalist Inc. specializes in smart wearable technology and is a licensee of prominent global brands [1] - The company aims to build a robust presence in capital markets as part of its growth strategy [4] Engagement Details - The agreement with IMS is effective immediately, on a month-to-month basis, starting November 9, 2025, with a monthly retainer fee of $10,000, which can increase to $12,000 if a capital raise of at least $2 million is completed [2] - The annual fee will be adjusted based on the Consumer Price Index (CPI), capped at a maximum increase of 2% [2] - No performance-based compensation or equity compensation is included in the agreement [2][3] Services Provided by IMS - Strategic investor guidance to package the Vitalist story for institutional audiences [6] - Targeted outreach to secure appointments with key investment professionals and financial analysts [6] - Corporate communications support, including drafting news releases and investor presentations [6] - Management of the investor database for effective communication distribution [6] Leadership Statements - The CEO of Vitalist emphasized the importance of this partnership for effectively communicating the company's value proposition and milestones to a broader investor base [4] - The founder of IMS expressed excitement about partnering with Vitalist, highlighting its focus on the growing smartwatch sector and its asset-light model [4]
Vitalist Reports Second Quarter 2026 Financial Results
Thenewswire· 2025-11-13 21:00
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].