VERSUS SYSTEMS INC (VS)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
QuarterlyIQ Insights · VS
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Resolve Nasdaq listing rule deficiency by improving stockholders' equity above $2.5M minimum requirement.
Stated as a priority in 2 recent quarters. Nasdaq issued a deficiency letter in 2026-Q1 due to stockholders' equity below $2.5M as of 2025-Q4. Equity improved from $1.2M in 2025-Q2 to $3.4M in 2026-Q2, surpassing the minimum requirement. The trajectory shows delivering progress on this regulatory priority.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated neutral grew net income 55% of the time over the next year (vs 56% for the rest of the cohort, n=8445).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Nasdaq issued a deficiency letter for not maintaining minimum $2.5M stockholders' equity as of Dec 31, 2025.”
“Company disclosed Nasdaq listing deficiency due to stockholders' equity below $2.5M requirement.”
Pursue and finalize strategic partnerships to drive growth and revenue expansion.
Stated in 2 quarters including 2026-Q1 and 2026-Q2. The company entered a $1.7M Stock Purchase Agreement with ASPIS Cyber Technologies as a strategic partnership. Revenue declined from $17,300 in 2026-Q1 to $6,821 in 2026-Q2, indicating limited revenue growth despite partnership activity. The trajectory shows partial delivery on partnership formation but limited revenue impact so far.
“Consummated Stock Purchase Agreement with ASPIS Cyber Technologies for $1.7M in common stock.”
“Entered into Stock Purchase Agreement with ASPIS Cyber Technologies for strategic partnership.”
Focus on improving operating income and net income to achieve profitability and positive cash flow.
Stated in 4 quarters from 2025-Q3 through 2026-Q2. Operating income improved significantly from -$1.17M in 2025-Q4 to $594K in 2026-Q2, and net income turned positive from -$965K to $473K in the same period. This shows delivering progress on financial performance improvement.
“Operating income was $594,273 and net income $473,297, showing profitability improvement.”
“Operating income was negative $818,695 and net income negative $683,200.”
“Operating income was negative $1,170,949 and net income negative $964,940.”
“Operating income was negative $756,401 and net income negative $537,815.”
Over the trailing year it converted 0.46x of net income into operating cash flow.
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates (low R² over the window).
14 material management or governance events in the past 24 months, led by M&A activity. Historically, Information Technology names rated neutral grew net income 60% of the time over the next year (vs 57% for the rest of the cohort, n=3673).
Not investment advice. As of 2026-09-04.