Hey, everyone. Thank you for joining. We'll get started here in a few minutes. Quite a few people are still joining the room here. Bear with us for another 30 seconds or so and we'll get started. All right, we'll go ahead and get started. Welcome, everyone. My name is Jan Goetgeluk. I'm the Founder and CEO of Virtuix. Thank you for joining. I see quite a few of our longstanding investors on the list as well. Great to see everybody again. I'm joined today by first of all, David Allan, my longstanding partner, our company's President and COO. David keeps our operations humming without issues worldwide.
David has a storied career prior to joining Virtuix in manufacturing, specifically in Asia, for example, Flex, where he led big programs for customers like Apple and Dell. Thanks for joining, David. David is joining us from Taiwan tonight. We've got Lauren Premo, our Chief Marketing Officer. Thanks for joining, Lauren. Lauren, prior to joining Virtuix, was at, for example, Corsair as Director of Marketing. Corsair is a big gaming hardware brand. What I'd like to do today is I'll walk you through our slides first, maybe 20, 25 minutes or so, show you more about what we're doing, some of the recent developments and successes that we have reported on, and then we'll open it up for Q&A.
If you have questions, if you look at the bottom right corner of your screen, you'll see a question tab, and you can put your questions there. I won't answer them as we go through the presentation, but after the presentation we'll start going through the questions. You can put them there for after the presentation. All right. Well over 200, I think 300 people RSVP'd for this webinar, so it's great to see the excitement and great to see everybody. Let's go ahead and get started. I do want to address, 'cause I've been getting so many questions and messages and emails, even though I'm not supposed to comment on the stock price, I do want to address what happened in the last two weeks.
You know, to see our stock price go down 50% on no news in a week, I mean, it's certainly, it's certainly gut-wrenching for all of us. I know many of you personally here on the chat, many of you have been with us for over 10 years. Just wanna, you know, put it in, explain it a bit what happened here. We were trading well. Zacks, the big investment website, they put us in a portfolio about two weeks ago, 10 stocks under $10, and that really shot up our stock price, 1.3 million shares traded. It seemed to have attracted some major short interest from some big shorting groups, at least that's what we saw on our end.
The next day, on no news, those guys drove down our stock price 20%-30% in a day on no news. The market piled on, and then Zacks pulled us out of the portfolio they had just put us in on. I mean, it was just gut-wrenching to see on no negative news at all. On top of that, I had a 10b5-1 plan that was in motion. That's a preset, predetermined trading plan for executives that I had put in motion. I'd set it up four months ago, even before going public, because I had planned to sell 500,000 shares of my 4.5 million. That's all the shares I'll ever sell. For those who know me, you know I've been working on Virtuix for the last 13 years.
If I didn't create just a little bit of liquidity for my family, I think they would have been ready to leave me. It's something that I had said I would do. It's done. It's finished. We can move on from that. That wasn't an issue at first. The first few weeks, you know, that was reported on, the stock price went up, so that did not impact the share price at all. As the share price went down, that was pointed out as the big boogeyman and, you know, elevated by these shorts in that context. Too bad really, but look, it's behind us. The plan is finished. Also, we built out some lot of great news. Look, we're determined to take it back.
At the end of the day, we're executing. We have some tremendous developments in the pipeline, some of which we'll talk about today. The team and myself are more excited than ever before about our future and about all the things we're working on. If we execute on everything that we have going on, by the end of the year we'll be in a very great spot. All right. Ultimately, the bottom line is this. This is what we're best at at Virtuix, building great products and building a great company. That's what we're focused on, and that's what we'll talk about today. We're only getting started. you know, we have great developments in the pipeline. We're scaling. We're taking the company to the next level.
To our existing investors on the chat, thank you for being part of our story. To any potential new investors, if you haven't invested yet, we hope you join our journey and our exciting journey ahead. Let's dive in. Quick disclaimer. I may be making forward-looking statements during this presentation. Just don't place any undue reliance on those. Quick overview, just to set the stage. We're scaling. We're, you know, we've brought Omni One to market, which is our best treadmill yet. That's our next generation technology. That's where we're seeing a lot of growth. We reported 41% year-over-year growth in our last earnings for the nine months ended 12/31/ 2025. We have production capacity in place to scale. We can do 3,000 units a month, and David will talk about that a bit more.
That's $100 million in annual revenue potential that we have ready to produce. That's our next big key target as a company. We're focused on three key markets. One is a consumer with Omni One, our gaming system, but with health benefits, a Peloton for gamers. We'll talk about that. Defense is where we're getting a lot of traction lately. We've sold systems to the Army, Air Force. We have a development agreement with the Navy. We just announced we're the lead on a project with the Marine Corps. Lots of momentum in that space. We'll talk about that. Some enterprise as well for industrial training, safety training, medical, robotics, and other potential markets that may open up in the future.
We use AI as part of what we do to create photorealistic virtual environments very quickly, I'll show you a video about that as well. Ultimately, we have a strong patent portfolio around everything we do. 25 patents issued. We just announced that we have the 26th patent allowed. Have a very strong IP around our core technology. For those who are new to Virtuix, let me show a quick video about Omni One, our latest product. I know many of you may have seen that video, just for the new investors among us, let me show that real quick in case you had not yet seen this demo of Omni One.
[Presentation]
All right, that's Omni One, our latest omni-directional treadmill. Full freedom of movement, c rouch, kneel, jump. We sell that to consumers in the consumer space, and also use the same technology for enterprise training and simulation, and defense, most importantly. How did we get to this spot? Yeah, we started quite a while ago. Maybe a few words about myself. You know, even though we're based in Austin, Texas, I don't quite have a Texas accent, as you can hear. I'm originally from Belgium, I came to the U.S. for my first job out of college. I have a mechanical engineering degree. My company sent me to Houston, Texas, for a project, and I loved it.
Fell in love with the U.S., the spirit, the mentality, the American dream, and I decided to stay. My company wanted me to go back to Belgium after my project, and I told them, "You know what? I'm staying here." I quit my job, went to business school, got my MBA. I joined JP Morgan as an investment banker for a few years. I always wanted to do something entrepreneurial, pursue that American dream. I promised myself I would quit my banking job to start a business, and I was very much into gaming, VR. I thought virtual reality was going to be the next big thing, even though it was a bit early.
I thought the biggest problem that hadn't been solved yet was how to move around inside the virtual world, how to walk around in that world naturally. I thought you needed something like a treadmill, but in 360 degrees, an omni-directional treadmill. Nothing existed, so I started working on that while at JP Morgan, which is a tough job 24/7. This was after hours, oftentimes in the middle of the night, working on a prototype. At one point, we had a prototype. Put a video out of me playing a famous game called Skyrim VR on the Omni. This was before the Oculus Quest. Wooden prototype of the device. Huge contraption. That video blew up. Hundreds of thousands of views online.
That's where I thought, "You know, this is it." I quit my job, my investment banking job then, to bring the Omni to market and started Virtuix. That was 13 years ago, and here we are today. We've brought three products to market. The original Omni Pro, then Omni Arena, which is our attraction for entertainment venues, places like Dave & Buster's. We've issued 80 of those now nationwide, installed 80. Then the latest version, Omni One. Because what happened was all our players in the entertainment venues, we have over half a million registered players at those venues. The players, our attraction. We always got the same question. "Well, where can I buy this? Where can I get this for my home?" That's why we decided to work on Omni One.
A consumer system, our most advanced treadmill yet. Full freedom of movement, crouch, kneel, jump, all in 360 degrees. Beyond consumers, we also use that for other markets, as we'll talk about. That's how we got where we are today. We're ready to scale. As I mentioned, we're scaling. We're taking the company to the next level. We have a production facility set up, thanks to David, who's an expert in operations, worldwide operations, engineering, manufacturing. Maybe David, you can just say a few words about our production capacity and facility.
Sure can. Sure can, Jan, and thank you for that introduction. I've been working in hardware design and manufacturing since 1987. As well as working on those very big, large scale manufacturing programs like the customers Jan mentioned, I've also started new businesses that grew to, you know, $20 million, $30 million, $40 million, $50 million in revenues. You know, I think that the most valuable lesson that I learned from all that work is experiencing like 1,001 ways that things can go wrong.
What I said to Jan when we first met, 13 years ago, when Jan all he had was a prototype of the first Omni product that had just gone on Kickstarter, what I said to him was, "Look, I think I can save Virtuix a lot of the pain that I've gone through over 30 years." When Jan said that, you know, production's going smoothly and thank you for saying that. Of course, there's lots of things we can do better, but that's as a result of all the lessons I've learned in the past about how things can go the wrong way.
Been my honor to work with Jan all these years and to get us to this point, and thank all of you for investing and believing in us and helping us continue this journey. Back to the factory, just real quick. We've got about a 40,000 sq ft facility that we set up at a very low cost. It's dedicated to producing Omni One, so it's highly efficient. At our current run rate, we're able to run the whole facility, management, workers, everything, with about 20 people. We can scale it up to about 3,000 units a month from the same facility at full capacity by adding a second shift. I'll just leave it there. That part of the business is going well.
Our biggest challenge right now is building more demand.
Yeah.
We'll talk with Lauren on that in a second.
Yep. Terrific. Thank you, David. Thank you for that.
Yeah.
Let me paint the picture of the different markets that I mentioned. We have our consumer markets with the Omni One gaming system. U.S. first. We just started shipping in Europe, and we'll have more international expansion soon. The biggest catalyst there is the Made for Meta program we announced. That's coming up. I'll talk about that. Enterprise, where we use AI for 3D reconstruction of turning real world locations into photorealistic virtual replicas. I'll show a video of that. We see a lot of interest from that market in industrial training, safety training. Some medical interest, specifically for neurodivergent therapy, autism therapy, and other neurodivergent treatments. Some robotics as well, humanoid robots getting studied with our device. Enterprise is interesting.
It's not our core focus, but we see some potential traction there, potential new markets opening up in the future. We have one particular big project we haven't announced yet that could be quite meaningful for our future. Defense. Defense is where we're seeing a lot of momentum right now. Major catalyst for growth for our company, both with our Virtual Terrain Walk system and some other projects we have in the pipeline that we'll talk about. But our vision is a kind of the high volume consumer business pairing with kinda high value Defense contracts and enterprise contracts, all with recurring revenues. On the consumer side, I mentioned Made for Meta. I mean, consumer is where we that's our bread and butter. That's where we come from, gaming and entertainment.
That's where we have reported most of our growth, 41% year-over-year growth. Our Christmas, December, year-over-year holiday sales was up 60% the last period, so we're growing quickly on the consumer side. The big catalyst there for later this year, in the near future, is our Meta collaboration and being part of the Made for Meta program. Meta sold 20 million Quest headsets. By recent estimates, 6 million active users of Quest, who now for the first time will be able to use their existing headset and games with our device, with our treadmill. That's a major driver for consumer growth, we believe, here this year as well. It's a big deal for us and more to come on that.
As I mentioned, Omni One is a gaming system, but it has clear health benefits, and some people call it the Peloton for gamers. If you play an action game on our device for about an hour, you burn up to 700 calories in that hour. One user lost 40 lbs in four months by using our product. That gives us a lot of gratification. It's a key appeal of our product. It's a gaming system, hey, it's good for your health. It keeps you active, keeps you burning calories, keeps you in shape. We work with all the big VR gaming studios. Integrating our movement input into an existing game is not that much work. We don't need anybody to make games just for us.
We work with all the existing big VR titles, both for our Omni One complete system, as well as on the upcoming Meta side as well. The business model on the gaming side, on the consumer side, is DTC, direct to consumer. We sell it through our website online. It's all online digital. There's an upfront purchase price. The price ranges from $2,095 for Omni One Core to $3,495 for the complete Omni One system with the headset, or with a monthly payment plan with Affirm, that becomes about $90-$120 a month. It's not for everybody, but, you know, for our audience, gamers. So those are kind of the prices they're used to. It's in the range of a medium to high-end gaming PC. It's in the range of connected exercise devices.
It's that kind of system. On that upfront purchase price, we make about a 40% target gross margin. By the way, the fact that the product is good for your health, that really adds to the purchase justification. This is not just for fun. Yes, it's for fun, but hey, it also keeps me in shape. It helps people justify the purchase. The upfront purchase price, then we make recurring revenues from software. People buy games from our store. Those are recurring revenues from game sales. Then we have an Omni online subscription, a monthly subscription to play online games, similar to Xbox Live for Xbox or PS Plus for PlayStation. Games are quite used to that kind of subscription. That adds to our margins.
Half of our customers buy the subscription upfront at checkout, and so it adds to our margin quite nicely. We make recurring revenues from software in addition to the hardware sale. Lauren, do you wanna say a few words about how we market our consumer system to consumers?
Absolutely. We are pursuing a mostly online strategy, which is very common in the gaming space. Pillar one for our strategy is paid social media, mostly Facebook, Instagram, YouTube. We've started doing a little bit of experimentation with TikTok and Roku. We're definitely focused on online social media advertising. It's been very effective for us. Pillar two was influencers and content creators. We have an ambassador program where we pay out a referral fee per sale. Some examples of content creators that we work with, there's Nathie, TosiBros, MrRoflWaffles. It's a really effective way for us to work with people who are passionate about our product and get our word out to a broader audience. Lastly, we leverage our passionate customers.
We have an affiliate program that's just for them where they can earn a cash referral fee to refer people into becoming Omni One owners. Through these three components, this makes up the bulk of our marketing effort. We do other things as well, like go to events. Yeah, I hope to see you guys, and I think that's it for marketing.
Yep. Thanks, Lauren. That's a good summary. Enterprise, I'll touch briefly on that. Seeing quite some traction there. We sell enterprise units at about $5,000 per system. It's the same hardware, but it comes with an enterprise license, so more support, access to our SDK, our software development kit. Very strong margins on the enterprise side. Recently a lot of traction on the medical space, which could be a potential big market for us opening up in the future, for autism therapy, neurodivergent therapies. Also some traction on safety training. We have one big project in the works that should be able to talk about it more later this year, which could be a meaningful impact on our company, on our revenues. It's interesting.
It's interesting to see where, what other markets in the enterprise space may open up for us in the future, in addition to our consumer focus and our defense focus. Omni Arena is our attraction for entertainment venues. We've installed 80 in the U.S. In the U.S., that market is, that business is in maintenance mode. We still support our customers. We make recurring revenues from selling game credits, replacement parts, Omni Care maintenance program fees. We are continuing to sell that attraction or a lighter version of that in Asia, Omni Arena Lite as well. It's still a part of our business. It allows us to showcase our technology to consumers nationwide.
You know, we have over half a million subscribers, Omni Arena players who sign up with their email address in our system. That continues to grow. I mentioned AI, we use AI-driven 3D reconstruction to very quickly turn real world locations into a virtual replica using camera footage. The process of creating virtual worlds used to be very time-consuming and very expensive. It could take weeks or months to create a beautiful virtual environment. Now, thanks to AI, specifically Gaussian splatting, you may hear that term more in the future, we can turn 360-degree camera footage into a virtual environment within hours. That's incredible. It really, I think, delivers the full promise of VR, where we now have these beautiful virtual environments, photorealistic, that are created within hours based on real world locations.
I'm gonna show a quick video about that, 'cause it's a big driver of our enterprise and defense business. Let me show that.
[Presentation]
Think about applications like virtual tourism, industrial training, or mission planning and rehearsal for defense and law enforcement. That's called Gaussian splatting. It's a revolutionary technology that is driving a lot of traction for us in the enterprise and the defense space for training and simulation. Real quick, we also did a project with humanoid robots, and I'm not gonna show this video, but you can see it on our website, where the University of Central Florida had someone on the Omni teleoperate a humanoid robot down the hall. As the person was walking on the Omni, he was seeing what the robot was seeing, that robot was walking, basically following the movements of the person on the Omni. For teleoperating robots, training robots, that's another area where we see some traction.
Of course, it's quite futuristic, quite spectacular. I wanted to share that as well. Right, let's talk about defense, because that's where we had a lot of announcements recently, a lot of momentum with our technology. If you think about defense simulation prior to the Omni, a lot of it is screen-based. You have these big screen simulators, very expensive, can't move around in them. It's limited to a few users. It's quite static. More recently, the military has started using VR, room-scale VR, for training purposes, where you wear a VR headset, you have a backpack on, and you can walk around in an area. You're still constrained because that area is limited, so at some point you're gonna hit a wall, you're gonna hit other people. You're limited space-wise.
You're also limited insofar as the number of users. We solve all that. With our technology, the Omni, we can put, you know, 10 Omnis in a room, and 10 war fighters can explore a virtual mission area together in 360 degrees without boundaries. There's no space limits. There's no boundaries in that environment. You can walk around, run around together in a mission area while physically you're in a compact space. That is revolutionary. The military, for the longest time, has had simulators for aircraft. They have simulators for tanks. Until now, they have not had simulators for infantry, for ground troops, for dismounted soldiers. Until now with the Omni, we can simulate actual walking or running soldiers on the battlefield with our technology. Lots of traction there.
The big project we recently announced, actually just this week, was that we have been selected as the lead integrator on a infantry training project with the Marine Corps. We're leading that project, which is a big deal to us. It's a first assignment. I'll talk about it on the next slide, what it means for us. We signed a development agreement with U.S. Navy. We've sold systems to the U.S. Army, the Military Academy at West Point, U.S. Air Force Academy. You've got Air Force Base. As we pursue larger and larger contracts in the government space, these are the initial stepping stones of getting traction and getting in with the various agencies.
What we announced yesterday is that our board has formed a special committee to actively pursue acquisition targets in the defense space, which is another great way for us to accelerate our growth and our footprint in the space, and there's a lot of benefits as well. I think we announced that we're looking for targets with revenues in the $10 million-$50 million range, so it could immediately scale our revenues to a meaningful level already this year, so that's a big advantage. In addition to that, there's many other benefits. One big benefit is acquiring past performance, what I call past performance. If you want to get a $100 million contract with the military, well, they look at what you've done in the past. Have you done a $50 million contract?
Have you done a $30 million contract? That past performance is very important. Well, if you buy, make an acquisition, you acquire that past performance that you can use to bid on bigger and bigger contracts. There's also the access to contract vehicles. If we buy companies in the space, they may have IDIQs, they may have contract vehicles already in place with government agencies that they can use to buy our technology through those contracts. It provides sales channels, access to the right people at the various departments, cross-selling opportunities, synergies with the technologies. I mean, it really accelerates our expanding footprint in the defense space, as we're already getting so much traction there, it really boosts it even more, in addition to providing us with a meaningful scale quickly.
We're very excited about actively evaluating targets, and more about that soon, but it's gonna be game-changing for our company, especially in the defense space. Around the thesis of immersive training, that's our thesis. It's defense training companies. A little bit more about this infantry project with the Marine Corps. We're building this four-person simulator for a fire team. A fire team is four war fighters, four Marines, practicing for missions together inside a virtual environment using our technology and using representative weapons. We'll deliver the first system in Q4 of this year. If successful, to give you a sense of scale here, if successful, that can then be rolled out to all the U.S. Marine Corps training centers in the U.S.
That's about 20 training centers or so. If you look at sort like systems, you know, cost-wise, maybe $500,000, $2 million. Hasn't been determined yet, but that gives you a sense of size here for this particular project, what it can mean for our company. We have a Virtual Terrain Walk system that we're developing, which doesn't use weapons, but it's meant for mission planning, where we use our AI-driven 3D reconstruction technology to quickly create a virtual replica of a real-world mission area. The war fighter can walk that terrain virtually before they fight on it. Basically, explore the battlefield before we put boots on the ground. It's a revolutionary capability that the military does not have today, that they're very excited about. I'm gonna show another quick video about the Virtual Terrain Walk system that we're developing.
[Presentation]
That's our Virtual Terrain Walk system. It's a revolutionary capability that again, is getting a lot of excitement in the U.S. Army and other branches of the U.S. government. To give you an idea of size there, again, we haven't announced yet or settled on pricing, but the U.S. Army alone has 118 battalions that could buy a system like this. Again, sort of like systems for This would be maybe 10 users or so, half a million, $2 million per system. Again, it gives you an idea of potential sizing in just U.S. Army, there's the other branches as well, Air Force, Marine Corps, Special Forces, and also allied forces outside of U.S., NATO.
Lots of potential for us as we pursue larger and larger contracts in the government space with our technology. It's a major focus area for Virtuix. Just to wrap it up here, a few words about the team. You know, the team has been together for a long time. We've done a lot together. We have experience in gaming and entertainment, but also in the defense space. As I mentioned, 25 patents, sold a lot of products, published cases. We're hardware experts, and we have a track record of success in this space, and that know how to scale hardware businesses. Quick word on the financials, which you can also find in our filings. The last earnings we reported were for the nine months ended 12/31/2025. Our fiscal year end is 3/31.
We'll announce our year-end earnings in June, second half of June, so stay tuned for that. We reported 41% year-over-year growth for the nine months ended. We're growing, our losses are narrowing, our margins are improving. Financially, I'd say everything is going in the right direction as we continue to scale our revenues. Just to sum it up here, what's the opportunity here for investors? The opportunity for growth is a dual use, what we call dual use strategy. Dual use is a term of the DoD, it denotes that we have a civilian use case. In our case, our consumer system, you know, Omni One, our gaming system for the home, that's growing rapidly. We have a big catalyst there with the Meta program that could really take that to the next level.
We have a production capacity in place there. Look, we don't need to sell and ship millions of units. Our revenue scale rapidly with volume. If we ship 3,000 units a month, that's our current capacity, that's already $100 million in annual revenue. We have our high volume consumer business that we pair with high value defense. We have some big catalysts there with, I mentioned the TECOM project for the Marine Corps, is already announced. We have other projects and developments. We have our M&A focus that we announced that could boost our presence and our growth in the defense space and accelerate that. Those are some major catalysts in the defense space that I think will create a lot of growth and potential value for our shareholders.
Also some enterprise as well, volume, consumer defense and enterprise where we have some good developments too, more longer term. We're ready to scale, we're ready to take the company to the next level, and we're ready to execute. Thank you to all our existing investors who've been with us on this journey. We've come a long way, but hey, we're only still getting started, with a lot of great exciting developments in the pipeline. If we execute on those, you know, we're gonna be in a great spot. If you haven't invested yet, join us, join us as an investor on our journey on our exciting road ahead. I'll stop right there and open it up for questions.
I know a lot of people posted questions in the question tab.
Sure.
Uh.
I'm gonna kinda break this down in terms of topics. We have some consumer topics first. The first one is what things are we doing to scale our consumer business?
Yeah. We're growing that business. We have our Omni One Core product, and the Omni One complete system that we already have in place. We have our Made for Meta collaboration around which we'll make some big announcements soon, which is gonna be a big driver of the consumer segment. Then we have our international expansion, where we started shipping to Europe. We'll have some more international expansion news coming out soon as well. A lot of different drivers there that will continue to grow our consumer business.
I know you touched on this, we have a question about how sales are going in Europe.
We haven't announced earnings yet since we started shipping in Europe.
I did say that we did start shipping, a couple of weeks ago, so we're no longer in pre-sales.
Yep, yeah. We started shipping. Seeing good results there. For sure, the U.S. is the biggest market. That has always been our thought. The U.S., the size of the market, the size of people's homes, the nature of the market, that's our core market. We supplement that with Europe. We're going to have some new markets for the consumer business as well. We'll keep driving and growing that business as fast as we can.
Okay. Next we have some questions around our military products. Questions about how people are selected for these types of programs and how we are going to approach this.
Yeah. I mean, it's a relationship business. It's knowing the right people at the right government agencies, different branches of government, getting our technology in front of the right people, which is what we have been doing at these events, at meetings. Our internal team, and we have a former colonel on staff, who was head of the modeling and simulation department of the U.S. Army. We have all the right contacts. You know, us getting, for example, the assignment and selection from the U.S. Marine Corps from SYSCOM, it's a great testament to our technology, but also it's because we know the right people and have the right team in place to make this reality, to make these opportunities happen.
Also the acquisition there, or potential acquisitions that we're evaluating, will help with that as well. As we look at other training companies in the defense space, you know, acquiring one or more companies in that space, they have their own sales channels and existing contract vehicles and existing contract opportunities that we can then use to introduce our technology to what they already have to those various departments. It's a long sales cycle. I think at this point, with the traction we're having, it's actually going a bit faster than we were expecting. Getting the assignment with the Marine Corps, you know, it's thanks to the relationships we have. Most companies would have to wait on that quite a bit longer.
We're very happy with the speed at which we're able to get some of these opportunities and get traction in the defense space. I think with an acquisition, we're only gonna accelerate that.
A follow-up there. Can you expand on which branches of the military we're working with and questions about if we're also looking at police, Homeland Security, et cetera?
Yeah. Yeah, at this point, we're working with all four main branches of the U.S. military. The U.S. Marine Corps, we talked about that. We have a development agreement with the U.S. Navy. We sold units to the U.S. Army and U.S. Air Force. We work with all four main branches. A good question, in addition to the DoD or the DoW, what about Homeland Security, for example? We're looking at it as well for agencies like FBI, CIA. They can also use our Virtual Terrain Walk system, where we very quickly create virtual replicas of real locations. Well, you can do that for FBI, CIA, and other law enforcement agencies as well. It's also an area for us of focus.
Great. We have a question on if a government opportunity is more a scale or a margin type of activity.
Yeah, it's both. It's both. If you look at the size of these potential opportunities, you know, I gave some guidance there for some of the specific projects we're working on, looking at the market size, number of training centers, number of battalions, and kind of the dollar size of a system. These are big dollar opportunities from a monetary value perspective, also the margin is very good. These are high value contracts. In addition to the upfront purchase, we make also recurring revenues from performing on the contract, from software licensing, from, you know, maintenance or training agreements, from ongoing simulation work, if we're the ones who's going to make the simulation, the virtual environment based on camera footage. Most of these contracts are structured as five-year contracts.
One plus four, they call it. You sell the upfront system, and then on top of that, you make revenues for the next five years from all the additional services. High value, high margin, and, you know, from a dollar perspective, very meaningful to our company.
Okay. I'm gonna move on to some enterprise questions. We have a question about robotics and Omni One to control robots. Where do we see this technology going?
Yeah, we're seeing quite some interest there, and I mentioned the project we did with the University of Central Florida. You can find the video on our YouTube channel or on our website, where they literally had somebody on Omni One steering a robot in real time down the hall. Teleoperation of humanoid robots, training of humanoid robots. It's not a core focus of our company at this point, but we're seeing some traction there. We're also working with a partner called 1HMX, who has a system called Nexus NX1, I believe, David. They pair our treadmill with their haptic gloves. The treadmill, the movement on the treadmill and the haptic feedback from the haptic gloves.
That system, their core focus of that system is robotics, is humanoid robot companies like Tesla, Apptronik, and other companies. They're seemingly getting a lot of traction in that area. We're monitoring that market. It's interesting. It's a great application. We'll see where that leads to.
Yeah, called the Nexus NX1.
NX1, yep. Thanks, David.
Nexus NX1 from 1HMX, if we're correct. Yeah.
Yep, yep.
Yep.
Another question on Oh, sorry, a follow-up question about humanoid robots. Maybe it's a bit technical, but about gait data being used to control humanoid robots?
What's the question, Lauren? Sorry.
Can human gait data be licensed to robotics companies, or can human gait data from Omni One be used to control humanoid robots?
Yeah, yeah. The lifelike teleoperation is what was demonstrated in the video, but also the training is another potential area. Robotics, robots need a lot of training data. Right now, some of these humanoid robots companies, they literally have massive rooms, areas, where they have humans walk, perform all kinds of movements to collect data to train the embodied AI-driven humanoid robots. There's a lot of data needed to do that. That's one other area where, in some aspects of that, our technology could be used as well.
Yeah. Another enterprise question is, do we see any potential with, in the medical field, especially like rehabilitation?
Yeah, it is. It's an area that I'm personally exploring right now. I had quite a few meetings. Yes, especially for neurodivergent therapies. Autism therapy, for example, where they already use VR. VR is already FDA approved for treating or helping specifically children with autism. Adding a movement component to that, motor logic component, it can help a lot. It's potentially a big market for us. We'll see if that opens up and when. It's not yet a core focus of our company. I'm personally exploring where that may lead, and we're getting some partnerships set up and some units sold and delivered to various centers and universities in that regard.
Fantastic. Sorry, back to the Meta topic. A question here about Meta being a competitor.
Meta is not a competitor because they have a VR headset. We don't have a headset, we don't make our own headset. We make the movements components that goes into the games or contents being played with a VR headset. We're compatible with Meta and collaborating with Meta on the Made for Meta program. They don't have the movement component. Only us can allow people to physically walk around inside those virtual worlds. That's our core technology. No, we're not competing with Meta. On the contrary, we're supplementary and collaborating with Meta.
Perfect. I see a lot of questions in here about stock tracking against sales targets. I just want to remind everyone that we unfortunately can't answer all of these questions.
Yeah, can't answer forward-looking projections or questions related to that. We'll have our next earnings release second half of June. Keep an eye out for that for sure. Any questions regarding existing shares that you may own, there's an email address here at the bottom left, vtx@mzgroup.us. Our IR investor relations partner, MZ, can help you with any questions around your existing shares.
Yep. Question from Logan, will we be disclosing members of the newly announced board for acquisitions?
Yes, it's announced. We filed an 8-K announcing that the board formed a special committee, and it's just three members of the board are on the special committee. It's myself, David Allan, who's on the call, and Randolph Read, who's our Audit Committee Chairman. That's a special committee. It's a subset of the board, if you will, that will take the first step at evaluating acquisition targets, which we are actively doing today.
All right. I think we've covered most of the questions here that we can answer, unless anyone has anything supplemental.
All right. Well, let me just, unless there are any more questions, sum up and thank everybody for joining. I really appreciate all the support, the excitement, and again, invite everybody to keep following us, sign up for our newsletter, our press releases. We have a steady cadence of news, 'cause we just have so many great developments that we can't wait to announce and, and show you all. Incredible developments in the pipeline, some of which you're aware of. Keep following us. We have an exciting future ahead.
All right. Just one more time, any information about our shares, we have a investor website I encourage everyone to visit. It's invest.virtuix.com. If you have questions about when stocks are located about Odyssey Holding, we have a lot of that information, so please visit invest.virtuix.com.
Yes, a copy of this webinar will be available for replay at the same link. A little after we wrap up here, there should be a replay available. All right. Thank you, everybody. I really appreciate you all. Thank you for being with us, and let's go. We're ready to go. Appreciate it. Have a good day.