Virtual Interactive Technologies Corp Financials

VRVR

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2024 Currency USD FYE September

This page shows Virtual Interactive Technologies Corp (VRVR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

1/9

Virtual Interactive Technologies Corp passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.07x

For every $1 of reported earnings, Virtual Interactive Technologies Corp generates $0.07 in operating cash flow (-$196K OCF vs -$2.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-2068.8x

Virtual Interactive Technologies Corp earns $-2068.8 in operating income for every $1 of interest expense (-$2.4M vs $1K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$130K

YoY-49.1%

Virtual Interactive Technologies Corp generated $130K in revenue in fiscal year 2023. This represents a decrease of 49.1% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$2.8M

YoY-28581.1%

Virtual Interactive Technologies Corp reported -$2.8M in net income in fiscal year 2023. This represents a decrease of 28581.1% from the prior year.

EPS (Diluted)

$-0.34

Virtual Interactive Technologies Corp earned $-0.34 per diluted share (EPS) in fiscal year 2023.

Cash & Debt

$41K

YoY+12.7%

5Y CAGR+103.4%

Virtual Interactive Technologies Corp held $41K in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

YoY+19.6%

5Y CAGR+15.9%

Virtual Interactive Technologies Corp had 8M shares outstanding in fiscal year 2023. This represents an increase of 19.6% from the prior year.

Gross Margin

N/A

Operating Margin

-1857.8%

YoY-1841.9pp

Virtual Interactive Technologies Corp's operating margin was -1857.8% in fiscal year 2023, reflecting core business profitability. This is down 1841.9 percentage points from the prior year.

Net Margin

-2160.5%

YoY-2156.7pp

Virtual Interactive Technologies Corp's net profit margin was -2160.5% in fiscal year 2023, showing the share of revenue converted to profit. This is down 2156.7 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$17K

YoY-28.2%

Virtual Interactive Technologies Corp invested $17K in research and development in fiscal year 2023. This represents a decrease of 28.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

VRVR Income Statement

Metric	FY23	FY20	FY19	FY18	FY17	FY16
Revenue	$130K-49.1%	$256K-23.3%	$334K+34.2%	$249K	$0	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$17K-28.2%	$23K-88.9%	$208K-65.6%	$606K	N/A	N/A
SG&A Expenses	$7K-97.3%	$274K-18.1%	$335K+738.8%	$40K+38.3%	$29K+10.1%	$26K
Operating Income	-$2.4M-5847.5%	-$41K+95.1%	-$833K-1989.5%	-$40K-38.3%	-$29K-10.1%	-$26K
Interest Expense	$1K-97.6%	$50K-72.8%	$182K+5666.4%	$3K+261.8%	$874-62.0%	$2K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$2.8M-28581.1%	-$10K+99.0%	-$1.0M-2220.1%	-$44K-48.4%	-$30K-4.3%	-$28K
EPS (Diluted)	$-0.34	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	$10K-49.6%	$19K-35.8%	$30K-28.1%	$42K+19.2%	$35K+5.3%	$33K+66.8%	$20K	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	$30K	N/A	N/A	N/A	$20K	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1K+12.2%	$1K-75.9%	$5K+322.6%	-$2K-148.0%	$4K+286.9%	$1K-72.1%	$4K	N/A
Operating Income	-$34K+10.5%	-$38K-12.6%	-$34K+65.9%	-$98K+88.7%	-$872K-23.3%	-$707K+5.1%	-$745K	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$68K+3.4%	-$71K+8.8%	-$77K+57.3%	-$181K+80.1%	-$908K-8.0%	-$841K+5.3%	-$888K	N/A
EPS (Diluted)	$-0.010.0%	$-0.010.0%	$-0.01	N/A	$-0.11-10.0%	$-0.10+9.1%	$-0.11	N/A

VRVR Balance Sheet

Metric	FY23	FY20	FY19	FY18	FY17	FY16
Total Assets	$128K-45.1%	$234K-33.8%	$354K+134.9%	$151K+160.2%	$58K+4835.7%	$1K
Current Assets	$128K-45.1%	$234K-26.3%	$317K+542.7%	$49K+1635.1%	$3K+142.8%	$1K
Cash & Equivalents	$41K+12.7%	$36K+0.3%	$36K-26.8%	$49K+1635.1%	$3K+142.8%	$1K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.7M+88.2%	$887K-14.5%	$1.0M-61.5%	$2.7M+2879.3%	$90K+902.7%	$9K
Current Liabilities	$1.7M+5823.0%	$28K-83.0%	$164K+235.1%	$49K+21.2%	$40K+348.1%	$9K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$1.5M-136.0%	-$653K+4.5%	-$684K+73.1%	-$2.5M-7710.3%	-$33K-315.1%	-$8K
Retained Earnings	-$9.6M-91.3%	-$5.0M-0.2%	-$5.0M-1969.9%	-$242K-22.3%	-$198K-17.7%	-$168K

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Total Assets	$97K-0.6%	$97K-18.8%	$120K-6.7%	$128K+11.9%	$115K-91.7%	$1.4M-33.6%	$2.1M-2.3%	$2.1M
Current Assets	$97K-0.6%	$97K-18.8%	$120K-6.7%	$128K+11.9%	$115K-91.7%	$1.4M-33.6%	$2.1M-2.3%	$2.1M
Cash & Equivalents	$8K-54.9%	$17K-45.5%	$31K-24.0%	$41K+2128.7%	$2K-28.7%	$3K-71.0%	$9K-75.6%	$36K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.8M+3.3%	$1.8M+2.2%	$1.7M+3.6%	$1.7M-0.9%	$1.7M+4.4%	$1.6M+9.7%	$1.5M+12.4%	$1.3M
Current Liabilities	$1.8M+3.3%	$1.8M+3.0%	$1.7M+3.6%	$1.7M-0.9%	$1.7M+4.4%	$1.6M+9.8%	$1.5M+12.5%	$1.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$1.7M-3.5%	-$1.7M-3.8%	-$1.6M-4.4%	-$1.5M+1.8%	-$1.6M-574.7%	-$233K-138.3%	$608K-25.8%	$820K
Retained Earnings	-$9.8M-0.7%	-$9.8M-0.7%	-$9.7M-0.8%	-$9.6M-1.9%	-$9.4M-10.7%	-$8.5M-11.0%	-$7.7M-13.1%	-$6.8M

VRVR Cash Flow Statement

Metric	FY23	FY20	FY19	FY18	FY17	FY16
Operating Cash Flow	-$196K-884.9%	$25K+107.6%	-$329K-762.2%	-$38K-108.5%	-$18K+18.8%	-$23K
Capital Expenditures	N/A	N/A	N/A	$42K	$0	N/A
Free Cash Flow	N/A	N/A	N/A	-$81K-339.6%	-$18K	N/A
Investing Cash Flow	-$8K-167.0%	$11K+517.8%	$2K+104.3%	-$42K	$0	N/A
Financing Cash Flow	$200K+655.6%	-$36K-196.5%	-$12K-109.6%	$127K+535.5%	$20K-0.7%	$20K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Operating Cash Flow	-$9K+34.3%	-$14K-44.2%	-$10K+93.9%	-$161K-21686.6%	-$739+88.2%	-$6K+77.1%	-$28K+43.6%	-$49K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$13K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

VRVR Financial Ratios

Metric	FY23	FY20	FY19	FY18	FY17	FY16
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-1857.8%-1841.9pp	-15.9%+233.3pp	-249.2%-233.2pp	-16.0%	N/A	N/A
Net Margin	-2160.5%-2156.7pp	-3.8%+302.1pp	-305.9%-288.3pp	-17.7%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-2193.5%-2189.3pp	-4.2%+285.2pp	-289.4%-260.1pp	-29.3%+22.1pp	-51.4%+2380.3pp	-2431.7%
Current Ratio	0.08-8.3	8.36+6.4	1.93+0.9	1.01+0.9	0.07-0.1	0.13
Debt-to-Equity	-1.08+0.3	-1.36+0.2	-1.52-0.5	-1.06+1.7	-2.78-1.6	-1.15
FCF Margin	N/A	N/A	N/A	-32.3%	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Gross Margin	N/A	N/A	100.0%	N/A	N/A	N/A	100.0%	N/A
Operating Margin	-347.8%-152.2pp	-195.6%-84.0pp	-111.6%+123.6pp	-235.1%+2246.3pp	-2481.4%-362.2pp	-2119.2%+1603.5pp	-3722.7%	N/A
Net Margin	-699.6%-335.0pp	-364.6%-107.9pp	-256.8%+175.2pp	-432.0%+2152.4pp	-2584.4%-65.2pp	-2519.2%+1916.2pp	-4435.4%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-70.4%+2.0pp	-72.4%-7.9pp	-64.5%+76.4pp	-140.9%+650.5pp	-791.3%-730.5pp	-60.9%-18.2pp	-42.7%	N/A
Current Ratio	0.050.0	0.06-0.0	0.070.0	0.080.0	0.07-0.8	0.86-0.6	1.43-0.2	1.64
Debt-to-Equity	-1.060.0	-1.06+0.0	-1.070.0	-1.08-0.0	-1.07+5.9	-6.93-9.4	2.42+0.8	1.60
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$1.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.08), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Virtual Interactive Technologies Corp's annual revenue?

Virtual Interactive Technologies Corp (VRVR) reported $130K in total revenue for fiscal year 2023. This represents a -49.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Virtual Interactive Technologies Corp's revenue growing?

Virtual Interactive Technologies Corp (VRVR) revenue declined by 49.1% year-over-year, from $256K to $130K in fiscal year 2023.

Is Virtual Interactive Technologies Corp profitable?

No, Virtual Interactive Technologies Corp (VRVR) reported a net income of -$2.8M in fiscal year 2023, with a net profit margin of -2160.5%.

What is Virtual Interactive Technologies Corp's earnings per share (EPS)?

Virtual Interactive Technologies Corp (VRVR) reported diluted earnings per share of $-0.34 for fiscal year 2023. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Virtual Interactive Technologies Corp's operating margin?

Virtual Interactive Technologies Corp (VRVR) had an operating margin of -1857.8% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Virtual Interactive Technologies Corp's net profit margin?

Virtual Interactive Technologies Corp (VRVR) had a net profit margin of -2160.5% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Virtual Interactive Technologies Corp's operating cash flow?

Virtual Interactive Technologies Corp (VRVR) generated -$196K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Virtual Interactive Technologies Corp's total assets?

Virtual Interactive Technologies Corp (VRVR) had $128K in total assets as of fiscal year 2023, including both current and long-term assets.

How much does Virtual Interactive Technologies Corp spend on research and development?

Virtual Interactive Technologies Corp (VRVR) invested $17K in research and development during fiscal year 2023.

How many shares does Virtual Interactive Technologies Corp have outstanding?

Virtual Interactive Technologies Corp (VRVR) had 8M shares outstanding as of fiscal year 2023.

What is Virtual Interactive Technologies Corp's current ratio?

Virtual Interactive Technologies Corp (VRVR) had a current ratio of 0.08 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.

What is Virtual Interactive Technologies Corp's debt-to-equity ratio?

Virtual Interactive Technologies Corp (VRVR) had a debt-to-equity ratio of -1.08 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Virtual Interactive Technologies Corp's return on assets (ROA)?

Virtual Interactive Technologies Corp (VRVR) had a return on assets of -2193.5% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Virtual Interactive Technologies Corp's cash runway?

Based on fiscal year 2023 data, Virtual Interactive Technologies Corp (VRVR) had $41K in cash against an annual operating cash burn of $196K. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Virtual Interactive Technologies Corp's debt-to-equity ratio negative or unusual?

Virtual Interactive Technologies Corp (VRVR) has negative shareholder equity of -$1.5M as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Virtual Interactive Technologies Corp's Piotroski F-Score?

Virtual Interactive Technologies Corp (VRVR) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Virtual Interactive Technologies Corp's earnings high quality?

Virtual Interactive Technologies Corp (VRVR) has an earnings quality ratio of 0.07x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Virtual Interactive Technologies Corp cover its interest payments?

Virtual Interactive Technologies Corp (VRVR) has an interest coverage ratio of -2068.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.