VERSUS SYSTEMS INC C/WTS CL A 22/11/2027(TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 199.35 K

Revenue: As of FY2025 Q1, the actual value is USD 199.35 K.

EPS: As of FY2025 Q1, the actual value is USD -0.2.

Segment Revenue

• Revenue for the three months ended March 31, 2025 was $199,347, an increase of 652% from $26,503 for the same period in 2024. This increase was primarily due to consulting services attributed to the ASPIS arrangement, which accounted for approximately $176,000 during the three months ended March 31, 2025.

Operational Metrics

• Gross Margin: $191,124 for the three months ended March 31, 2025, compared to $2,457 for the same period in 2024.
• Operating Loss: - $1,172,761 for the three months ended March 31, 2025, a decrease of 22% from - $1,501,436 for the same period in 2024.
• Net Loss: - $1,156,477 for the three months ended March 31, 2025, compared to - $1,501,683 for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: - $641,445 for the three months ended March 31, 2025, compared to - $1,757,911 for the same period in 2024.

Unique Metrics

• The company recognized $176,000 attributed to professional services during the three months ended March 31, 2025.

Future Outlook and Strategy

• Core Business Focus: The company plans to increase cash flow from operations and is evaluating other strategic alternatives. It anticipates needing additional financing to execute its business plan and implement its strategy.
• Non-Core Business: The company is considering raising additional funds through public or private equity or debt financings, a bank line of credit, borrowings from affiliates, or other arrangements.