VERSUS SYSTEMS INC C/WTS CL A 22/11/2027(TO PUR COM) | 10-Q: FY2025 Q3 Revenue: USD 0

LB filings
2025.11.14 12:04
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Revenue: As of FY2025 Q3, the actual value is USD 0.

EPS: As of FY2025 Q3, the actual value is USD -0.11.

EBIT: As of FY2025 Q3, the actual value is USD -756.4 K.

Segment Revenue

  • Total Revenue: For the nine months ended September 30, 2025, Versus Systems Inc. reported total revenue of $2,179,348, a significant increase from $57,288 for the same period in 2024. This increase is primarily attributed to the recognition of the ASPIS license revenue and professional services.

Operational Metrics

  • Net Loss: The net loss for the nine months ended September 30, 2025, was - $972,013, compared to - $3,530,376 for the same period in 2024, indicating a reduction in losses.
  • Gross Margin: The gross margin for the nine months ended September 30, 2025, was $2,162,902, compared to $17,011 for the same period in 2024.
  • Operating Loss: The operating loss for the nine months ended September 30, 2025, was - $990,361, compared to - $3,530,128 for the same period in 2024.

Cash Flow

  • Operating Cash Flow: Net cash used in operating activities for the nine months ended September 30, 2025, was - $1,484,267, compared to - $4,255,345 for the same period in 2024.
  • Investing Activities: Cash used in investing activities was - $300,000 for the nine months ended September 30, 2025, attributed to the development of new technology.

Unique Metrics

  • License Revenue: The company recognized $1,980,000 in revenue from a functional license agreement with ASPIS Cyber Technologies, Inc. during the quarter ended June 30, 2025.

Future Outlook and Strategy

  • Core Business Focus: The company is focusing on expanding customer relationships, enhancing technology offerings, and pursuing new opportunities in key markets such as Brazil. These initiatives, along with ongoing cost discipline and strategic partnerships, are expected to support improved financial performance in future periods.
  • Non-Core Business: The company has closed down its operations in the United Kingdom and is exploring strategic alternatives, including potential restructuring or other actions, to improve liquidity and position the business for longer-term growth.
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