Vivic Corp. Reports Significant Reduction in Net Losses for Three and Nine Months Ended March 31, 2026

Vivic Corp. has reported its financial results for the three and nine months ended March 31, 2026, revealing a significant reduction in net losses compared to the same period in the previous year. The company recorded a net loss of $51,815 for the three months ended March 31, 2026, a decrease of 94.55% from a net loss of $950,807 in the same quarter of 2025. For the nine-month period, the net loss was $552,765, down 77.87% from $2,498,000 in the prior year. The reduction in losses is attributed to decreased general and administrative expenses and a significant drop in share-based compensation costs.

Vivic Corp. reported no revenue for the three months ended March 31, 2026, consistent with the previous year. For the nine months ended March 31, 2025, the company generated $44,243 in revenue, primarily from the sale of yacht models to a director, which was considered a marketing expense. The cost of revenue was nil for the current period, compared to $128,584 in the prior year, reflecting the absence of sales activity. Operating expenses for the three months decreased to $50,959 from $944,678, while for the nine months, they fell to $550,067 from $2,280,609, indicating a strategic reduction in costs.

In terms of operational changes, Vivic Corp. has shifted its focus from the Taiwan market to the United States and Southeast Asia, completing the wind-down of its Taiwan operations in April 2026. The company has also divested its interest in Weiguan Ship, a subsidiary, to streamline its operations. This strategic pivot aims to enhance profitability by concentrating on markets with greater potential for growth. The company is actively pursuing additional financing options to support its operations, including loans and equity investments.

As of March 31, 2026, Vivic Corp. reported total assets of $2.74 million, down from $3.86 million as of June 30, 2025. The company had cash and cash equivalents of $13,985 and a working capital deficit of approximately $192,907. The decrease in cash reserves and overall assets reflects the company's ongoing financial challenges and the need for external funding to sustain operations. The company is currently exploring various financing avenues to bolster its liquidity and operational capacity.

Looking ahead, Vivic Corp. acknowledges substantial uncertainty regarding its ability to continue as a going concern without additional financial support. The management is focused on increasing sales and diversifying its customer base while seeking to expand its yacht offerings and market presence. However, the company has indicated that there is no assurance of securing sufficient funds to maintain operations, which could significantly impact its future business endeavors.