VERSUS SYSTEMS INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $2.2M | $57.3K | $271.2K | $1.1M |
| Cost of Revenue | $16.4K | $40.3K | $103.1K | $617.0K |
| Gross Profit | $2.2M | $17.0K | $168.1K | $491.8K |
| Gross Margin | 99.2% | 29.7% | 62.0% | 44.4% |
| Operating Expenses | ||||
| Research & Development | $48.1K | $246.0K | $1.1M | $2.4M |
| SG&A Expense | $4.3M | $4.3M | $5.9M | $11.8M |
| Operating Income | $-2.2M | $-4.5M | $-10.9M | $-22.7M |
| Operating Margin | -99.0% | -7,923.5% | -4,002.1% | -2,044.6% |
| Interest Expense | — | $17.8K | — | — |
| Pretax Income | $-2.1M | $-4.6M | $-10.5M | $-22.5M |
| Income Tax Expense | $1.6K | $24.2K | — | — |
| Net Income | $-1.8M | $-4.0M | $-9.5M | $-22.5M |
| Net Margin | -82.1% | -7,056.2% | -3,513.3% | -2,026.7% |
| EPS (Basic) | $-0.37 | $-1.54 | $-3.48 | $-64.30 |
| EPS (Diluted) | $-0.37 | $-1.54 | $-3.48 | $-64.30 |
| Shares Outstanding (Basic) | 4.9M | 2.6M | 2.7M | 782.3K |
| Shares Outstanding (Diluted) | 4.9M | 2.6M | 2.7M | 782.3K |
| Dividends Per Share | — | — | — | — |