VIP Play, Inc. (VIPZ) Form 10-Q — May 14, 2026
VIP Play, Inc. reported a net loss of $7.1 million for the nine months ended March 31, 2026, driven by operating losses and significant non-cash derivative valuation changes. The company disclosed substantial doubt about its ability to continue as a going concern, citing a $70.3 million accumulated deficit, a $39.5 million working capital deficit, and heavy reliance on a $28.1 million related-party line of credit. In a subsequent event, the company announced the discontinuation of its sports wagering operations in Tennessee, which historically generated nearly all of its revenue.
Key figures
- Revenue
- 178000
- Total Debt
- 42322000
- Revenue Yoy
- +889%
- Cash Position
- 2800000
- Wind Down Costs
- 2.0M-2.5M
- Shares Outstanding
- 73457857
- Derivative Liability
- 8335000
- Unauthorized Withdrawals
- 200000
- Related Party Line Of Credit
- 28075000
Price after filing
Close on the filing date to close N calendar days later (from $0.40). Historical, not a forecast.
AI analysis
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