Vivic Corp. | 10-Q: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EPS: As of FY2026 Q1, the actual value is USD -0.01.

EBIT: As of FY2026 Q1, the actual value is USD -371.52 K.

Segment Revenue

• Revenue for the three months ended September 30, 2025, was $0, compared to $44,243 for the same period in 2024, which was mainly from the sale of yacht models to one of the Company’s directors.

Operational Metrics

• Net loss for the three months ended September 30, 2025, was $374,803, compared to a net loss of $584,508 for the same period in 2024, representing a decrease of $209,705 or 35.88%.
• General and administrative expenses were $111,017 for the three months ended September 30, 2025, compared to $159,162 for the same period in 2024, a decrease of $48,145 or 30.25%.
• Total operating expenses were $372,556 for the three months ended September 30, 2025, compared to $491,754 for the same period in 2024, a decrease of $119,198 or 24.24%.

Cash Flow

• Net cash used in operating activities was $235,051 for the three months ended September 30, 2025, compared to $129,776 for the same period in 2024.
• Net cash provided by financing activities was $201,143 for the three months ended September 30, 2025, compared to $31,395 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to concentrate its operations in the United States and Southeast Asia, discontinuing its pursuit of the Taiwan market. It aims to expand the yacht brands offered for sale and the territories in which it markets yachts, with a focus on becoming the exclusive distributor for yacht manufacturers in the United States, Southeast Asia, and other territories.
• Non-Core Business: The company has entered into an Electric Catamaran Yacht Co-Development Agreement with Acel Power Inc. to collaborate on the development of an electric yacht.