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Vitalist Reports Fourth Quarter 2025 Financial Results and Signs Letter of Intent to Amend Debenture Notes
(TheNewswire) Calgary, Alberta, Canada – June 26 th , 2025 – ...
About this update from Vitalist Inc
[{"type":"text","content":"Vitalist Reports Fourth Quarter 2025 Financial Results and Signs Letter of Intent to Amend Debenture Notes\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– June 26\n \n\n th\n \n\n , 2025 –\n \n\n TheNewswire -\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\nyear ended March 31, 2025 (“\n \n\n Q4 2025\n \n\n ”). The related financial statements\nand accompanying notes,\n \n\n and Management’s\nDiscussion and Analysis for Q4 2025\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 Q4\n \n\n 2025 Highlights\n \n\n\n\n\n\n Revenue\n \n\n surged\nby\n \n\n 146% to $2.82\nmillion\n \n\n for the year ended March 31, 2025,\ndriven by strong B2B sales of Moto 70 and Moto 40, and the successful\nlaunch of the Moto 120. This contrasts with a period of restructuring\nand low sales in the prior year.\n \n\n\n\n\n\n Gross profit\n \n\n significantly increased to\n \n\n $1.57 million\n \n\n from $0.70 million in the prior\nyear, primarily due to higher product sales and the improved per-unit\ngross margin of the Moto 120.\n \n\n\n\n\n\n The\n \n\n net\nloss\n \n\n for the year was\n \n\n $3.58 million\n \n\n ,\ncompared to a net income of $4.17 million in the prior year. This\nshift primarily reflects the absence of a one-time $10.62 million gain\nfrom the deconsolidation of EBN and its subsidiaries, despite notable\ndecreases in operating expenditures and debt carrying costs.\n \n\n\n\n\n\n Operating cash outflows\nimproved\n \n\n to\n \n\n $1.51 million\n \n\n from\n$3.71 million in the prior year, benefiting from reduced overheads,\nincreased revenue, and favorable working capital changes, particularly\nthe conversion of accounts receivable into cash.\n \n\n\n\n\n\n\n\n Outlook\n \n\n\n\n Looking ahead, Vitalist ...