Virtuix Q1 Loss Widens to $7.2M Despite 150% Order Surge After Meta Launch
VTIX sits 61% above its 52-week low of $1.415.
Summary
Virtuix reported Q1 FY2027 results with a net loss of $7.2 million, more than triple the prior-year loss of $2.3 million, driven by $4.0 million in non-cash charges and higher public-company operating costs. Revenue fell 26% to $0.8 million as the legacy preorder backlog wound down, but new orders jumped 72% year-over-year and approximately 150% since the Omni One for Quest launch with Meta. Gross margin expanded to 30% from 17%, and the company ended the quarter with $7.4 million in cash. The 10-Q filed today also discloses a material weakness and going concern doubt, consistent with the auditor change and CEO share sale flagged in recent filings. Management will host a conference call tomorrow at 8:30 a.m. ET to discuss results and the defense, enterprise, and healthcare pipeline, including Tesla, NASA, and Sirica Therapeutics partnerships.
At the time of this announcement, VTIX was trading at $2.28 on NASDAQ in the Technology sector, with a market capitalization of approximately $54.9M. The 52-week trading range was $1.42 to $92.74. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.