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Visionstate
(VIS)
Visionstate (VIS) vs. iShares MSCI Canada ETF (EWC)
Visionstate Business Overview & Revenue Model
Visionstate Financial Statement Overview
| Breakdown | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 492.38K | 289.24K | 410.54K | 540.64K | 130.14K |
| Gross Profit | -155.40K | -275.94K | 365.01K | 528.20K | 121.09K |
| EBITDA | -891.81K | -1.69M | -573.90K | -981.91K | -610.34K |
| Net Income | -933.16K | -1.73M | -621.13K | -1.04M | -722.67K |
Balance Sheet | |||||
| Total Assets | 826.07K | 386.62K | 976.75K | 1.49M | 290.28K |
| Cash, Cash Equivalents and Short-Term Investments | 456.48K | 89.77K | 19.80K | 635.96K | -27.70K |
| Total Debt | 170.76K | 243.59K | 251.54K | 180.50K | 243.08K |
| Total Liabilities | 517.13K | 641.27K | 720.13K | 830.21K | 1.36M |
| Stockholders Equity | 308.94K | -254.65K | 256.63K | 655.03K | -1.07M |
Cash Flow | |||||
| Free Cash Flow | -671.66K | -1.01M | -766.04K | -536.56K | -316.36K |
| Operating Cash Flow | -671.66K | -1.01M | -766.04K | -536.56K | -316.36K |
| Investing Cash Flow | -63.00K | -22.75K | -109.98K | -1.29M | 0.00 |
| Financing Cash Flow | 1.10M | 1.11M | 259.86K | 2.47M | 381.43K |
Visionstate Technical Analysis
Visionstate Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥242.18B | 15.62 | 6.62% | 2.44% | 9.08% | 2.46% | |
47 Neutral | C$9.23M | ― | 99.64% | ― | 39.88% | 0.20% | |
46 Neutral | C$2.75M | ― | -110.58% | ― | -33.49% | 90.25% | |
45 Neutral | C$5.17M | ― | -482.34% | ― | -6.76% | 54.64% | |
| ― | $1.62M | ― | ― | ― | ― | ||
| ― | $7.56M | ― | -299.37% | ― | ― | ― | |
| ― | $5.56M | ― | ― | ― | ― |
Visionstate Corporate Events
Visionstate Corp. has reported a significant increase in subscriptions for its WandaLITE technology, driven by Ontario’s Bill 190, which mandates digital cleaning and inspection logs in public washrooms by January 2026. The company has secured 21 new subscriptions and has 42 more potential clients in the pipeline, indicating strong market traction and potential revenue growth. Visionstate’s proactive strategy of onboarding clients before the legislation’s deadline and delaying invoicing until the law is effective has positioned it as a trusted partner for compliance. The WandaLITE platform offers a streamlined, cloud-based solution that meets the new legislative requirements efficiently, helping institutions transition from paper logs to digital systems, thereby improving hygiene and operational transparency.
Visionstate Corp. has announced significant advancements in sales, technology, and ESG investments. The company is expanding globally, with plans to enter the U.K. and Indian markets, and has seen increased adoption of its WandaLITE platform in Ontario, Canada, due to new regulatory requirements. WandaLITE, a cloud-based compliance platform, is crucial for maintaining hygiene standards in public facilities. Visionstate is also nearing completion of an AI development project aimed at optimizing facility management. Additionally, its portfolio company, Sol Spaces, is deploying climate-resilient greenhouses and developing sustainable housing solutions, reflecting Visionstate’s commitment to ESG initiatives.
Visionstate Corp. has announced the expansion of its Wanda smart facility solution to a new post-secondary institution in Ontario and a Class A office tower in New York City. This expansion is driven by the upcoming enforcement of Bill 190 in Ontario, which mandates digital restroom cleaning logs, and highlights the growing market momentum and industry confidence in Wanda. The company’s strategic partnerships with building service contractors are facilitating rapid scaling and compliance with the new legislation, positioning Visionstate for mass adoption and increased recurring revenue.
Visionstate Corp. has announced the first deployment of its WandaLITE solution outside Ontario, marking a significant step in its national expansion. The adoption at a regional airport highlights the growing demand for the technology, which offers an easy-to-implement, data-driven approach to facility cleanliness and compliance. This move signals a broader shift in how organizations approach public health and operational efficiency. Additionally, Visionstate is advancing its AI initiative to optimize cleaning operations, further enhancing its technological offerings.
Visionstate Corp. has launched MIRA, a new software-as-a-service platform aimed at digitizing facility inspections to improve accuracy, accountability, and efficiency. MIRA, an extension of the company’s Wanda platform, offers real-time reporting, customizable checklists, and secure cloud-based data storage, providing a seamless transition from paper-based methods. This launch marks a significant business milestone, introducing a new recurring revenue stream and enhancing Visionstate’s position in the facility management industry. Early interest in MIRA is strong, with pilots underway in sectors like education, healthcare, and municipal government, highlighting its potential to streamline compliance and operational processes.
Visionstate Corp. has experienced a surge in demand for its WandaLITE solution following the enactment of Ontario’s Bill 190, which requires public-facing businesses to display and track restroom cleaning schedules. This legislation affects thousands of businesses and is expected to drive significant revenue for Visionstate, as WandaLITE offers a digital compliance solution that replaces traditional paper logs with real-time, cloud-based reporting. The company is actively expanding its customer base in Ontario, including major municipalities and hospitals, and anticipates similar legislation in other Canadian provinces, positioning itself as a leader in smart facility management.