Vitalist Reports Fourth Quarter 2026 Financial Results

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentCALGARY, Alberta, July 27, 2026 (GLOBE NEWSWIRE) — Vitalist Inc.

(TSX-V: VITA.V; OTCQB: VTLSF) (“Vitalist“, “we“, “our” or the “Company“), a wearable operating-system focused technology company, today announced its financial results for the year ended March 31, 2026 (“Q4 2026”). The related financial statements and accompanying notes, and Management’s Discussion and Analysis for Q4 2026 (“MD&A”) are available on SEDAR+ at www.

sedarplus.ca and on the Vitalist’s website at www.vitalist.

co.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentArticle contentAll dollar amounts in this press release are expressed in the Canadian dollars.Article contentWe apologize, but this video has failed to load.

Try refreshing your browser, ortap here to see other videos from our team.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.

Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way.

If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up.

Please try againInterested in more newsletters? Browse here.Article contentQ4 2026 Highlights Article contentRevenue decreased by 15% to $4.

06 million for the year ended March 31, 2026, driven by the introduction of sales inducement costs in the current year, which resulted in lower average net selling prices being recognised as compared to the prior year.Gross profit decreased to $1.31 million from $1.

57 million in the prior year, primarily due to the estimated sales inducement costs in the current year lowering the average net selling price per unit, partially offset by product mix shifts and higher overall gross selling price per unit.The Net loss for the year was $4.53 million, compared to a $3.

58 million in the prior year. The increased loss is due to lower gross profit and increases in overall operating expenditures to support growth in producing, marketing and selling Reebok smart watches.Operating cash outflows increased to $2.

33 million from $1.51 million in the prior year as a result of increased operating expenditures and decreased revenue, offset by favorable working capital movements.Article contentArticle contentOutlookArticle contentLooking ahead, Vitalist Inc.

is positioning itself to grow across both consumer and enterprise health markets. Building on the ongoing momentum of its exclusive five-year global partnership with Reebok, the Company expects to launch its new flagship smartwatch collection in fall 2026, powered by its proprietary operating system, VitalOS™. This deployment intends to showcase the platform’s high-performance capability, 10-day battery life, and seamless hardware compatibility as a commercial design for broader software licensing opportunities.

Furthermore, following the acquisition of AI-powered remote patient monitoring innovator Somatix, Inc., Vitalist plans to expand into the high-growth medical wearables sector. By integrating Somatix’s proprietary gesture-recognition algorithms into the VitalOS™ ecosystem, Vitalist is seeking to capture higher margin and recurring revenues across both digital health and consumer markets.

Article content“Since launching our Reebok line in 2025, we have seen strong brand momentum. While we navigated a post-holiday slowdown early in 2026 following solid inventory load-in, our focus has been on securing premium, high-impact placement,” said Kalvie Legat, CEO of Vitalist. “We have established exceptional retail visibility in key locations across the United States, including Love’s Truck Stops, the TMRW Store in Times Square, and TJ Maxx, alongside strong momentum in Canada at Costco.

Combined with our strategic partnership with Pattern Inc. to scale our online footprint across Amazon and Walmart online in both markets, we expect these expanded channels to meaningfully reflect in our financial performance in the coming quarters.”Advertisement 1This advertisement has not loaded yet.

Trending Posthaste: Canadians' biggest source of wealth is losing ground and that's dragging down the economy News Ontario woman awarded $400,000 over husband's decades-long abuse in legal first Legal Post Advertisement 1Story continues belowThis advertisement has not loaded yet, but your article continues below. Subscriber only. About $500 billion in natural gas lies off Newfoundland's coast.

Can Canada tap it? Subscriber only Oil & Gas The market's biggest risk isn't AI or tariffs. It’s something stock investors may overlook Investor Canadians' economic pessimism is fading despite trade war, Nanos poll sa