Vivic Corp. Reports Net Loss Reduction and Strategic Shift in Operations

Vivic Corp. reported its financial results for the quarter ending September 30, 2025, revealing a net loss of $374,803, a significant reduction from the net loss of $584,508 recorded in the same period last year. The company did not generate any revenue during this quarter, compared to $44,243 in revenue from related party sales in the previous year. The absence of revenue was attributed to the company's strategic shift away from the Taiwan market, where it previously sold yacht models, and the decision to focus operations in the United States and Southeast Asia.

Total operating expenses for the quarter were $372,556, down from $491,754 in the prior year, reflecting a decrease in general and administrative expenses and share-based compensation. General and administrative expenses fell by 30.25% to $111,017, primarily due to reduced professional fees and subcontract labor costs. The company’s gross loss for the quarter was zero, as there were no sales, contrasting with a gross loss of $84,341 in the previous year, which was linked to promotional sales of yacht models at below cost.

In terms of operational changes, Vivic Corp. has undergone significant restructuring, including the divestiture of its subsidiary, Weiguan Ship, in July 2023, and the planned wind-down of its Taiwan operations, expected to be completed by the end of 2025. The company is now concentrating its efforts on yacht sales and services in the U.S. and Southeast Asia, aiming to enhance its market presence in these regions. As of September 30, 2025, the company had 27,678,419 shares of common stock outstanding.

The company reported a working capital deficit of approximately $146,193 and cash and cash equivalents of $8,756 as of the end of the quarter. Vivic Corp. is actively seeking additional financing through loans and equity issuances to support its operations. However, management has expressed concerns about the company's ability to continue as a going concern, citing the need for ongoing financial support from related parties and the uncertainty of future income. The company plans to expand its yacht offerings and explore new markets to improve its financial stability.

Looking ahead, Vivic Corp. aims to enhance its product offerings and expand its market reach, particularly in the yacht tourism sector. The company has also entered into a co-development agreement for electric yachts, indicating a strategic move towards sustainable marine solutions. However, the success of these initiatives will depend on securing adequate funding and effectively navigating the challenges posed by the current market conditions.