Virtuix (NASDAQ:VTIX) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Virtuix (NASDAQ:VTIX) issued its quarterly earnings data on Thursday. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.03, Zacks reports. The business had revenue of $1.27 million during the quarter.

Here are the key takeaways from Virtuix’s conference call:

• Virtuix said fiscal 2026 revenue rose 18% year over year to $4.3 million, with December new unit sales up 60% versus the prior year, driven by stronger consumer demand for Omni One.
• Gross margin improved sharply to 25% from -6% a year ago, while operating expenses fell 19%, showing materially better operating efficiency.
• The company ended the year with $9.5 million in cash versus just $0.5 million a year earlier, and stockholders’ equity turned positive at $3 million.
• Virtuix highlighted a major consumer expansion with the launch of Omni One for Quest through Meta’s Made for Meta program, which it believes significantly broadens its addressable market across Quest users.
• Management emphasized growing traction in defense and potential M&A, including awards and programs with the Air Force, Marine Corps, Navy, and Army, but noted larger contracts and any acquisition would take time to materialize.

Virtuix Trading Up 1.6%

Shares of NASDAQ:VTIX opened at $3.18 on Friday. The business’s 50-day simple moving average is $3.93. Virtuix has a one year low of $3.00 and a one year high of $92.74.

Wall Street Analysts Forecast Growth

VTIX has been the subject of several research analyst reports. Wall Street Zen cut shares of Virtuix from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Zacks Research raised shares of Virtuix to a “hold” rating in a research report on Tuesday, April 14th. Weiss Ratings initiated coverage on shares of Virtuix in a research note on Monday, April 20th. They issued a “sell (e-)” rating for the company. Finally, Maxim Group began coverage on Virtuix in a report on Thursday, June 18th. They set a “buy” rating and a $11.00 target price for the company. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.00.

Insider Buying and Selling at Virtuix

In other news, CEO Jan Roger Goetgeluk sold 112,563 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $6.96, for a total value of $783,438.48. Following the completion of the sale, the chief executive officer owned 4,309,689 shares of the company’s stock, valued at approximately $29,995,435.44. This represents a 2.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 500,000 shares of company stock worth $2,593,993.

Virtuix Company Profile

Virtuix (NASDAQ:VTIX) is a company that develops and commercializes hardware and software for immersive virtual reality (VR) locomotion and related experiences. Its core focus is on enabling natural movement inside virtual environments through purpose-built platforms and systems that pair motion-control hardware with software integrations for games, training and location-based entertainment.

The company is best known for its Omni family of omnidirectional locomotion platforms, which are designed to allow users to walk, run and maneuver in 360 degrees within a virtual space while remaining stationary in the real world.