Income Statement Visionstate Corp. OTC Markets

Stocks

VSSSF

CA92836B2012

IT Services & Consulting

Market Closed - OTC Markets Other stock markets 11:17:43 2025-07-29 EDT			5-day change	1st Jan Change
0.0220 ^USD	+120.00%		+423.81%	+423.81%

07-16	Visionstate to Pause Unit Offering, Review Financing Plans	MT
06-30	Visionstate Corp. announced that it expects to receive CAD 1 million in funding	CI

8d0.4qfZuNEAUxcB0j0fzlWlQ_BGjX1Z_H8WaEvynUHPlDo.iuu8iLM2Y2R5pEh2hgfVdMcezDQpv0dRPzu2yhS38m-ok-7tpTYRXyzkUg

Published financial data: VISIONSTATE CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021	2022	2023	2024	2025
Revenues	541K	411K	289K	492K	433K
Other Revenues, Total	-	-	-	-	-
Total Revenues	541K	411K	289K	492K	433K
Cost of Goods Sold, Total	261K	370K	565K	648K	809K
Gross Profit	280K	40.72K	-276K	-155K	-376K
Selling General & Admin Expenses, Total	522K	598K	636K	673K	581K
Stock-Based Compensation (IS)	-	-	-	-	-
R&D Expenses	-	-	-	-	-
Depreciation & Amortization - (IS)	13K	14.52K	16.03K	16.03K	16.03K
Other Operating Expenses, Total	535K	612K	652K	689K	597K
Operating Income	-255K	-572K	-928K	-844K	-973K
Interest Expense, Total	-36.68K	-19.58K	-23.8K	-32.85K	-22.51K
Interest And Investment Income	-	43.3K	14.4K	1.15K	-
Net Interest Expenses	-36.68K	23.73K	-9.41K	-31.69K	-22.51K
Other Non Operating Income (Expenses)	28.72K	-	-240K	-85K	-82.5K
EBT, Excl. Unusual Items	-263K	-548K	-1.18M	-961K	-1.08M
Gain (Loss) On Sale Of Investments	-769K	-65K	-559K	-	-
Other Unusual Items	-	-	-	20K	-
EBT, Incl. Unusual Items	-1.03M	-613K	-1.74M	-941K	-1.08M
Income Tax Expense	7.49K	8.17K	-8.08K	-7.53K	-
Earnings From Continuing Operations	-1.04M	-621K	-1.73M	-933K	-1.08M
Net Income to Company	-1.04M	-621K	-1.73M	-933K	-1.08M
Net Income - (IS)	-1.04M	-621K	-1.73M	-933K	-1.08M
Net Income to Common Incl Extra Items	-1.04M	-621K	-1.73M	-933K	-1.08M
Net Income to Common Excl. Extra Items	-1.04M	-621K	-1.73M	-933K	-1.08M
Per Share Items
Net EPS - Basic	-0.01	-0.01	-0.01	-0	-0
Basic EPS - Continuing Operations	-0.01	-0.01	-0.01	-0	-0
Basic Weighted Average Shares Outstanding	82.27M	109M	131M	187M	250M
Net EPS - Diluted	-0.01	-0.01	-0.01	-0	-0
Diluted EPS - Continuing Operations	-0.01	-0.01	-0.01	-0	-0
Diluted Weighted Average Shares Outstanding	82.27M	109M	131M	187M	250M
Normalized Basic EPS	-0	-0	-0.01	-0	-0
Normalized Diluted EPS	-0	-0	-0.01	-0	-0
Supplemental Items
EBITDA	-254K	-557K	-912K	-828K	-957K
EBITA	-255K	-572K	-928K	-844K	-973K
EBIT	-255K	-572K	-928K	-844K	-973K
Total Revenues (As Reported)	541K	411K	289K	492K	433K
Effective Tax Rate - (Ratio)	-0.73	-1.33	0.47	0.8	-
Normalized Net Income	-164K	-342K	-736K	-600K	-673K
Interest on Long-Term Debt	2.97K	4.96K	7.97K	6.32K	4.48K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: September	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	636K	19.8K	89.76K	456K	75.82K
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	636K	19.8K	89.76K	456K	75.82K
Accounts Receivable, Total	35.03K	34.07K	13.77K	13.73K	12.7K
Other Receivables	-	-	-	175K	-
Notes Receivable	207K	-	22K	-	-
Total Receivables	242K	34.07K	35.77K	189K	12.7K
Inventory	18.54K	-	-	-	-
Prepaid Expenses	21.43K	9.64K	152K	87.5K	25.37K
Total Current Assets	918K	63.51K	277K	733K	114K
Gross Property Plant And Equipment	188K	253K	237K	221K	-
Accumulated Depreciation	-181K	-181K	-181K	-181K	-
Net Property Plant And Equipment	6.5K	72.14K	56.11K	40.08K	24.05K
Long-term Investments	559K	559K	-	-	-
Other Intangibles, Total	-	-	-	-	-
Loans Receivable Long-Term	-	230K	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	2.53K	52.53K	53.28K	53.28K	53.28K
Total Assets	1.49M	977K	387K	826K	191K
Liabilities
Accounts Payable, Total	202K	144K	136K	31.35K	95.19K
Accrued Expenses, Total	270K	229K	250K	266K	192K
Short-term Borrowings	129K	122K	123K	124K	125K
Current Portion of Long-Term Debt	-	-	58.85K	-	-
Current Portion of Leases	9.93K	13.16K	15.28K	17.12K	19.19K
Current Income Taxes Payable	7.49K	-	-	-	-
Unearned Revenue Current, Total	161K	29.84K	11.99K	49.44K	62.12K
Other Current Liabilities	-	65K	-	-	-
Total Current Liabilities	780K	603K	595K	487K	494K
Long-Term Debt	50.38K	54.45K	-	-	-
Long-Term Leases	-	62.52K	46.77K	29.64K	10.45K
Total Liabilities	830K	720K	641K	517K	505K
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	10.08M	10.37M	11.1M	11.93M	12.17M
Additional Paid In Capital	2.17M	2.67M	2.67M	3.83M	3.93M
Retained Earnings	-13.32M	-13.94M	-15.67M	-16.6M	-17.68M
Comprehensive Income and Other	1.73M	1.17M	1.64M	1.15M	1.26M
Total Common Equity	655K	257K	-255K	309K	-314K
Total Equity	655K	257K	-255K	309K	-314K
Total Liabilities And Equity	1.49M	977K	387K	826K	191K
Supplemental Items
ECS Total Shares Outstanding on Filing Date	106M	120M	171M	240M	258M
ECS Total Common Shares Outstanding	106M	110M	171M	171M	258M
Book Value / Share	0.01	0	-0	0	-0
Tangible Book Value	655K	257K	-255K	309K	-314K
Tangible Book Value Per Share	0.01	0	-0	0	-0
Total Debt	189K	252K	244K	171K	155K
Net Debt	-447K	232K	154K	-286K	79.26K
Account Code - Inventory Valuation	8	8	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Finished Goods, Total	18.54K	-	-	-	-
Machinery, Total	181K	181K	181K	181K	-

Fiscal Period: September	2021	2022	2023	2024	2025
Net Income	-1.04M	-621K	-1.73M	-933K	-1.08M
Depreciation & Amortization - CF	13K	14.52K	16.03K	16.03K	16.03K
Depreciation & Amortization, Total	13K	14.52K	16.03K	16.03K	16.03K
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	240K	85K	82.5K
(Gain) Loss on Sale of Investments - (CF)	769K	65K	559K	-	-
Stock-Based Compensation (CF)	-	-	-	-	-
Other Operating Activities, Total	22.49K	-12.68K	27.45K	148K	103K
Change In Accounts Receivable	-22.85K	957	20.3K	39	1.03K
Change In Inventories	1.23K	18.54K	-	-	-
Change In Accounts Payable	-408K	-99.77K	12.71K	-88.77K	-9.28K
Change in Unearned Revenues	133K	-131K	-17.85K	37.46K	12.68K
Change In Income Taxes	7.49K	-7.49K	-	-	-
Change in Other Net Operating Assets	-12.28K	6.79K	-142K	64.2K	62.14K
Cash from Operations	-537K	-766K	-1.01M	-672K	-810K
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-1M	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-300K	-65K	-22K	-63K	-82.5K
Other Investing Activities, Total	7.5K	-44.98K	-750	-	-
Cash from Investing	-1.29M	-110K	-22.75K	-63K	-82.5K
Short Term Debt Issued, Total	-	2K	-	-	-
Long-Term Debt Issued, Total	20K	-	-	-	-
Total Debt Issued	20K	2K	-	-	-
Short Term Debt Repaid, Total	-208K	-10.09K	-758	-	-
Long-Term Debt Repaid, Total	-86.22K	-19.37K	-21.6K	-61.6K	-21.6K
Total Debt Repaid	-294K	-29.45K	-22.36K	-61.6K	-21.6K
Issuance of Common Stock	1.63M	223K	1.22M	1.36M	375K
Other Financing Activities, Total	1.12M	64.6K	-88.8K	-199K	158K
Cash from Financing	2.47M	260K	1.11M	1.1M	512K
Net Change in Cash	641K	-616K	69.97K	367K	-381K
Supplemental Items
Cash Interest Paid	23.46K	404	23.8K	24.07K	16.59K
Levered Free Cash Flow	-673K	-290K	-793K	-672K	-364K
Unlevered Free Cash Flow	-650K	-278K	-778K	-652K	-350K
Change In Net Working Capital	503K	-64.94K	214K	140K	-242K
Net Debt Issued / Repaid	-274K	-27.45K	-22.36K	-61.6K	-21.6K

Fiscal Period: September	2021	2022	2023	2024	2025
Profitability
Return on Assets	-17.96	-29.03	-85.06	-87	-119.5
Return on Total Capital	-138.01	-52.8	-232.94	-225.12	-378.55
Return On Equity %	496.76	-136.26	-175K	-3.44K	46.03K
Return on Common Equity	496.76	-136.26	-175K	-3.44K	46.03K
Margin Analysis
Gross Profit Margin %	51.72	9.92	-95.4	-31.56	-86.83
SG&A Margin	96.49	145.63	219.82	136.6	134.04
EBITDA Margin %	-47.06	-135.72	-315.22	-168.16	-220.87
EBITA Margin %	-47.18	-139.25	-320.76	-171.41	-224.57
EBIT Margin %	-47.18	-139.25	-320.76	-171.41	-224.57
Income From Continuing Operations Margin %	-192.19	-151.3	-597.31	-189.52	-248.81
Net Income Margin %	-192.19	-151.3	-597.31	-189.52	-248.81
Net Avail. For Common Margin %	-192.19	-151.3	-597.31	-189.52	-248.81
Normalized Net Income Margin	-30.41	-83.42	-254.37	-121.95	-155.51
Levered Free Cash Flow Margin	-124.42	-70.66	-274.03	-136.5	-84.12
Unlevered Free Cash Flow Margin	-120.18	-67.68	-268.89	-132.33	-80.88
Asset Turnover
Asset Turnover	0.61	0.33	0.42	0.81	0.85
Fixed Assets Turnover	41.57	10.44	4.51	10.24	13.51
Receivables Turnover (Average Receivables)	22.91	11.88	12.09	35.82	32.78
Inventory Turnover (Average Inventory)	13.63	-	-	-	-
Short Term Liquidity
Current Ratio	1.18	0.11	0.47	1.5	0.23
Quick Ratio	0.86	0.09	0.17	1.32	0.18
Operating Cash Flow to Current Liabilities	-0.69	-1.27	-1.7	-1.38	-1.64
Days Sales Outstanding (Average Receivables)	15.93	30.72	30.18	10.22	11.14
Days Outstanding Inventory (Average Inventory)	26.78	-	-	-	-
Average Days Payable Outstanding	463.07	-	90.21	47.22	28.54
Cash Conversion Cycle (Average Days)	-420.35	-	-	-	-
Long Term Solvency
Total Debt/Equity	28.91	98.31	-95.66	55.27	-49.45
Total Debt / Total Capital	22.42	49.57	-2.2K	35.6	-97.81
LT Debt/Equity	7.69	45.58	-18.37	9.59	-3.33
Long-Term Debt / Total Capital	5.97	22.98	-422.77	6.18	-6.59
Total Liabilities / Total Assets	55.9	73.73	165.86	62.6	264.02
EBIT / Interest Expense	-6.95	-29.2	-38.98	-25.69	-43.21
EBITDA / Interest Expense	-6.58	-27.72	-37.63	-24.72	-41.79
(EBITDA - Capex) / Interest Expense	-6.58	-27.72	-37.63	-24.72	-41.79
Total Debt / EBITDA	-0.78	-0.46	-0.27	-0.21	-0.16
Net Debt / EBITDA	1.85	-0.43	-0.17	0.35	-0.08
Total Debt / (EBITDA - Capex)	-0.78	-0.46	-0.27	-0.21	-0.16
Net Debt / (EBITDA - Capex)	1.85	-0.43	-0.17	0.35	-0.08
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	315.41	-24.06	-29.55	70.23	-12.04
Gross Profit, 1 Yr. Growth %	-260.57	-85.44	-777.74	-43.68	141.98
EBITDA, 1 Yr. Growth %	-58.45	118.98	63.64	-9.19	15.53
EBITA, 1 Yr. Growth %	-59.22	124.14	62.29	-9.03	15.23
EBIT, 1 Yr. Growth %	-59.22	124.14	62.29	-9.03	15.23
Earnings From Cont. Operations, 1 Yr. Growth %	43.78	-40.22	178.15	-45.99	15.48
Net Income, 1 Yr. Growth %	43.78	-40.22	178.15	-45.99	15.48
Normalized Net Income, 1 Yr. Growth %	-63.6	108.34	109.1	-18.39	12.17
Diluted EPS Before Extra, 1 Yr. Growth %	-22.01	-54.73	131.22	-62.34	-13.38
Accounts Receivable, 1 Yr. Growth %	187.68	-2.73	-59.59	-0.28	-7.5
Inventory, 1 Yr. Growth %	-6.22	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-66.66	1.01K	-22.22	-28.57	-40
Total Assets, 1 Yr. Growth %	411.66	-34.24	-60.42	113.66	-76.85
Tangible Book Value, 1 Yr. Growth %	-161.03	-60.82	-199.23	-221.32	-201.52
Common Equity, 1 Yr. Growth %	-161.03	-60.82	-199.23	-221.32	-201.52
Cash From Operations, 1 Yr. Growth %	69.6	42.77	32.18	-23.03	20.59
Levered Free Cash Flow, 1 Yr. Growth %	404.96	-56.88	173.23	-15.21	-45.79
Unlevered Free Cash Flow, 1 Yr. Growth %	813.4	-57.24	179.91	-16.22	-46.24
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	117.99	77.61	-26.86	9.51	22.36
Gross Profit, 2 Yr. CAGR %	3.87	-51.65	-0.66	95.36	16.74
EBITDA, 2 Yr. CAGR %	-	-4.62	89.3	21.9	2.43
EBITA, 2 Yr. CAGR %	-39.82	-4.39	90.72	21.5	2.39
EBIT, 2 Yr. CAGR %	-39.82	-4.39	90.72	21.5	2.39
Earnings From Cont. Operations, 2 Yr. CAGR %	4.4	-7.29	28.95	22.57	-21.02
Net Income, 2 Yr. CAGR %	4.4	-7.29	28.95	22.57	-21.02
Normalized Net Income, 2 Yr. CAGR %	-41.35	-12.92	111.56	30.63	-4.32
Diluted EPS Before Extra, 2 Yr. CAGR %	-32.58	-40.58	2.31	-6.69	-42.89
Accounts Receivable, 2 Yr. CAGR %	69	67.28	-37.31	-36.52	-3.96
Inventory, 2 Yr. CAGR %	-7.72	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-	92.3	193.71	-25.46	-34.53
Total Assets, 2 Yr. CAGR %	135.11	83.44	-48.98	-8.04	-29.67
Tangible Book Value, 2 Yr. CAGR %	-5.29	-51.1	-37.65	9.72	10.98
Common Equity, 2 Yr. CAGR %	-5.29	-51.1	-37.65	9.72	10.98
Cash From Operations, 2 Yr. CAGR %	2.52	55.61	37.37	-6.36	-3.66
Levered Free Cash Flow, 2 Yr. CAGR %	53.88	47.57	8.55	52.21	-32.2
Unlevered Free Cash Flow, 2 Yr. CAGR %	62.39	97.63	9.4	53.13	-32.89
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	39.19	53.38	30.5	-3.07	1.8
Gross Profit, 3 Yr. CAGR %	25.32	-46.04	16.58	-17.78	109.81
EBITDA, 3 Yr. CAGR %	-	-	14.18	48.19	19.74
EBITA, 3 Yr. CAGR %	-27.82	-6.72	14.05	49.02	19.38
EBIT, 3 Yr. CAGR %	-27.82	-6.72	14.05	49.02	19.38
Earnings From Cont. Operations, 3 Yr. CAGR %	10.88	-13.31	33.71	-3.52	20.16
Net Income, 3 Yr. CAGR %	10.88	-13.31	33.71	-3.52	20.16
Normalized Net Income, 3 Yr. CAGR %	-28.75	-10.51	17.66	54	24.16
Diluted EPS Before Extra, 3 Yr. CAGR %	-21.18	-40.96	-6.54	-26.68	-8.97
Accounts Receivable, 3 Yr. CAGR %	11.82	40.57	4.18	-26.82	-28.03
Inventory, 3 Yr. CAGR %	-30.47	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	42.21	83.33	-30.66
Total Assets, 3 Yr. CAGR %	48.73	53.76	10.02	-17.76	-41.94
Tangible Book Value, 3 Yr. CAGR %	38.12	-29.43	-38.09	-22.16	6.91
Common Equity, 3 Yr. CAGR %	38.12	-29.43	-38.09	-22.16	6.91
Cash From Operations, 3 Yr. CAGR %	-16.56	14.49	47.37	7.77	1.88
Levered Free Cash Flow, 3 Yr. CAGR %	-1.44	0.7	81.2	-0.03	7.89
Unlevered Free Cash Flow, 3 Yr. CAGR %	-1.02	4.09	121.94	0.09	8.03
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	12.8	18.67	7.61	34.04	27.18
Gross Profit, 5 Yr. CAGR %	11.16	-30.35	14.2	-9.72	16.64
EBITDA, 5 Yr. CAGR %	-1.7	-5.56	-	-	9.33
EBITA, 5 Yr. CAGR %	-1.79	-5.12	6.47	3.68	9.23
EBIT, 5 Yr. CAGR %	-1.79	-5.12	6.47	3.68	9.23
Earnings From Cont. Operations, 5 Yr. CAGR %	25.86	-5.28	17.78	-0.43	8.32
Net Income, 5 Yr. CAGR %	25.86	-5.28	17.78	-0.43	8.32
Normalized Net Income, 5 Yr. CAGR %	-4.11	-7.62	10.11	4.67	8.32
Diluted EPS Before Extra, 5 Yr. CAGR %	-21.35	-33.79	-12.51	-29.1	-23.25
Accounts Receivable, 5 Yr. CAGR %	1.95	14.86	-11.28	2.28	0.84
Inventory, 5 Yr. CAGR %	-6.35	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	4.27
Total Assets, 5 Yr. CAGR %	46.7	105.63	-3.05	25.19	-8.01
Tangible Book Value, 5 Yr. CAGR %	-2.18	-24.77	0.48	-15.81	-21.81
Common Equity, 5 Yr. CAGR %	-2.18	-24.77	0.48	-15.81	-21.81
Cash From Operations, 5 Yr. CAGR %	42.08	11.05	1.85	5.64	20.69
Levered Free Cash Flow, 5 Yr. CAGR %	-	3.45	2.44	18.79	22.29
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	6.74	3.03	21.47	37.55