Virtuix Holdings appoints EisnerAmper as new independent auditor
Virtuix Holdings appoints EisnerAmper as new independent auditor
Virtuix Holdings Inc. (NASDAQ:VTIX) announced a change in its independent registered public accounting firm, according to a press release statement based on a filing with the Securities and Exchange Commission.
On Tuesday, the company’s Audit Committee approved the engagement of EisnerAmper LLP as Virtuix Holdings’ new independent auditor for the fiscal year ending March 31, 2027. The appointment became effective with the execution of an engagement letter on the same day.
As a result, M&K CPAS, PLLC, which previously served as Virtuix Holdings’ independent auditor, ceased its role effective upon the new engagement. The company stated that M&K’s audit reports for the fiscal years ended March 31, 2026, and March 31, 2025, did not contain adverse opinions or disclaimers of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles, except for an explanatory paragraph regarding the company’s ability to continue as a going concern.
Virtuix Holdings also reported that during the fiscal years ended March 31, 2026 and 2025, as well as the subsequent interim period, there were no disagreements between the company and M&K on accounting principles, financial statement disclosures, or auditing procedures. Additionally, there were no reportable events as defined by SEC regulations.
The company confirmed that prior to engaging EisnerAmper, neither Virtuix Holdings nor anyone on its behalf consulted the new firm regarding the application of accounting principles or any audit opinions for the company’s financial statements.
A letter from M&K CPAS, PLLC, dated Wednesday, regarding its concurrence with these disclosures, was filed as an exhibit to the Form 8-K.
Virtuix Holdings Inc. is incorporated in Delaware and is listed on the Nasdaq Global Market under the symbol VTIX.
In other recent news, Virtuix Holdings Inc. reported an 18% increase in revenue for fiscal year 2026, reaching $4.3 million. The company achieved a positive gross margin and reduced operating expenses, although it still recorded a net loss of $16.8 million for the year. Additionally, Virtuix announced a partnership with Sirica Therapeutics to deploy its Omni One platform for autism therapy applications. Two systems have been sold and shipped to Sirica’s treatment center in the San Francisco Bay Area, where they will be used for virtual reality and AI-assisted therapeutic experiences. Furthermore, Virtuix deployed its Omni One system to an Air National Guard unit in Horsham, Pennsylvania. The unit will experiment with the system for military training applications, focusing on movement-based simulation and training scenarios. These developments reflect Virtuix’s ongoing efforts to expand the applications of its virtual reality technology.