Business
Vitalist Reports First Quarter 2026 Financial Results
(TheNewswire) Calgary, Alberta, Canada – August 20 th , 2025 – ...
About this update from Vitalist Inc
[{"type":"text","content":"Vitalist Reports First Quarter 2026 Financial Results\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Calgary, Alberta, Canada\n– August 20\n \n\n th\n \n\n , 2025 –\n \n\n TheNewswire\n-\n \n\n Vitalist Inc. (TSXV: VITA) (“\n \n\n Vitalist\n \n\n ”,\n“\n \n\n we\n \n\n ”, “\n \n\n our\n \n\n ”, or the “\n \n\n Company\n \n\n ”), a\ndynamic global smartwatch company known for its strategic partnerships\nwith world-class brands, today announced its financial results for the\nthree months ended June 30, 2025 (“\n \n\n Q1 2026\n \n\n ”). The\nrelated financial statements and accompanying notes,\n \n\n and Management’s Discussion and Analysis for Q1 2026\n \n\n (“\n \n\n MD&A\n \n\n ”)\n \n\n are\navailable\n \n\n on SEDAR+ at\n \n\n www.sedarplus.ca\n \n\n and on the\nVitalist’s website at\n \n\n www.vitalist.co\n \n\n .\n \n\n\n\n All dollar amounts in this press release are expressed\nin the Canadian dollars.\n \n\n\n\n Q1\n \n\n 2026 Highlights\n \n\n\n\n\n\n Revenue\n \n\n increased to\n \n\n $1.67\nmillion\n \n\n , reflecting an increase of 25% in the\nthree month period ended June 30, 2025 as compared to the\ncorresponding period of the prior year. The increase can be attributed\nto more established sales channels in Q1 2026 as compared to Q1 2025,\naided by a broader product portfolio including the Moto 120 which\nattracts a higher selling price per unit.\n \n\n\n\n\n\n The\n \n\n gross\nprofit\n \n\n for the three months ended June 30, 2025\nwas\n \n\n $0.45 million\n \n\n as compared to $0.51 million for the three month period\nended June 30, 2024. The gross profit margin in Q1 2026 was reduced to\n27% from 38% in Q1 2025. The decrease in profit margin was due to\nhigher discounts given to B2B customers as a result of Motorola stock\nclearance in Q1 2026. These specific discounts were not given during\nthe corresponding period of the previous year..\n \n\n\n\n\n\n There was a\n \n\n net\nloss\n \n\n of approximately\n \n\n $0.46 million\n \n\n for the\nthree month period ended June 30, 2025, which represents an\nimprovement of 15% compared to the net loss of $0.54 million for the\ncorresponding period in Fiscal 2025. This improvement was due to\nfavourable exchange rates and an ...