Quarterly ResultMay 14, 2026, 06:17 AM
Vivic Reports Zero Revenue for Q3 & 9M 2026; Net Loss Narrows to $552,765
AI Summary
VIVIC CORP. reported zero revenue for the three and nine months ended March 31, 2026, a significant decrease from $44,243 in related-party revenue for the prior nine-month period. Despite no revenue, the company substantially narrowed its net loss to $552,765 for the nine months, down from $2,498,000 year-over-year. This period also saw the completion of the wind-down and deregistration of Vivic Taiwan in April 2026, as the company shifts focus to the United States and Southeast Asia.
Key Highlights
- Revenue for the three and nine months ended March 31, 2026, was $0.
- Net loss for the nine months ended March 31, 2026, narrowed to $552,765 from $2,498,000 YoY.
- Comprehensive loss for the nine months ended March 31, 2026, was $546,180, down from $2,491,709.
- Net loss per share for the nine months ended March 31, 2026, improved to $(0.02) from $(0.09).
- Cash and cash equivalents decreased to $13,985 as of March 31, 2026, from $41,903.
- Total assets decreased to $2,738,062 as of March 31, 2026, from $3,859,558.
- Vivic Taiwan's wind-down and deregistration was completed in April 2026.