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Visionstate
(VIS)
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Rating:43Neutral
Price Target:
C$0.02
▼(-5.00% Downside)
Action:Reiterated
Date:08/11/26
The score is primarily held down by very weak financial performance—negative gross profit, substantial ongoing losses, continued cash burn, and negative equity with rising debt. Technical signals are mostly neutral with limited trend strength, providing only modest support. Valuation is constrained by negative earnings (negative P/E) and the absence of a dividend yield.
Positive Factors
Recurring SaaS / Licensing Revenue Model
A business model built on recurring software fees and licensing creates durable, predictable revenue streams and opportunities for retention and upsells. Over 2–6 months this supports revenue visibility, smoother cash flows, and scalable margin improvements as fixed costs spread with growth.
Negative Factors
Negative Gross Profit and Large Net Losses
Persistent negative gross profit and extreme net losses indicate the cost base exceeds revenue at a structural level. Without material margin improvement, losses will continue to erode capital and constrain reinvestment, undermining long-term viability and the ability to scale profitably.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS / Licensing Revenue Model
A business model built on recurring software fees and licensing creates durable, predictable revenue streams and opportunities for retention and upsells. Over 2–6 months this supports revenue visibility, smoother cash flows, and scalable margin improvements as fixed costs spread with growth.
Read all positive factors
Visionstate (VIS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.17M
Dividend YieldN/A
Average Volume (3M)370.26K
Price to Earnings (P/E)―
Beta (1Y)-0.10
Revenue Growth5.11%
EPS Growth11.36%
CountryCA
Employees5
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding258,326,320
10 Day Avg. Volume459,940
30 Day Avg. Volume370,259
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)-11.95
Price to Sales (P/S)8.66
P/FCF Ratio-4.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Visionstate Business Overview & Revenue Model
Company Description
Headquartered in Edmonton, Canada, Visionstate Corp. is a company focused on research and development in the domains of the Internet of Things (IoT), big data analytics, and environmental sustainability. Its subsidiary, Visionstate IoT Inc., provi...
How the Company Makes Money
Visionstate makes money primarily by selling access to and use of its facilities-management software products (e.g., recurring software fees where offered as a subscription/SaaS, and/or licensing fees where structured that way) and by providing re...
Visionstate Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 484.54K | 433.08K | 492.38K | 289.24K | 410.54K | 540.64K |
| Gross Profit | -515.55K | -392.06K | -155.40K | -275.94K | 365.01K | 528.20K |
| EBITDA | -941.54K | -1.04M | -891.81K | -1.69M | -573.90K | -981.91K |
| Net Income | -993.01K | -1.08M | -933.16K | -1.73M | -621.13K | -1.04M |
Balance Sheet | ||||||
| Total Assets | 248.75K | 191.21K | 826.07K | 386.62K | 976.75K | 1.49M |
| Cash, Cash Equivalents and Short-Term Investments | 17.21K | 75.82K | 456.48K | 89.77K | 19.80K | 635.96K |
| Total Debt | 450.88K | 165.52K | 170.76K | 243.59K | 251.54K | 180.50K |
| Total Liabilities | 682.78K | 504.84K | 517.13K | 641.27K | 720.13K | 830.21K |
| Stockholders Equity | -434.02K | -313.63K | 308.94K | -254.65K | 256.63K | 655.03K |
Cash Flow | ||||||
| Free Cash Flow | -982.54K | -826.56K | -671.66K | -1.01M | -766.04K | -536.56K |
| Operating Cash Flow | -982.55K | -826.56K | -671.66K | -1.01M | -766.04K | -536.56K |
| Investing Cash Flow | -12.50K | -82.50K | -63.00K | -22.75K | -109.98K | -1.29M |
| Financing Cash Flow | 537.52K | 528.40K | 1.10M | 1.11M | 259.86K | 2.47M |
Visionstate Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | C$104.58M | -0.58 | -50.00% | ― | -36.55% | -156.72% | |
46 Neutral | C$119.99M | -3.09 | -24.36% | ― | 0.83% | -3800.00% | |
44 Neutral | C$3.23M | -1.08 | 24.00% | ― | -21.68% | -79.78% | |
43 Neutral | C$5.17M | -6.25 | 399.49% | ― | 5.11% | 11.36% | |
43 Neutral | C$3.21M | -20.00 | 8.99% | ― | 19.01% | 70.15% | |
42 Neutral | C$5.34M | -0.22 | -212.14% | ― | 15.20% | 18.72% |
* General Sector Average
TSE:VIS
Visionstate
0.02
0.00
0.00%
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2.50
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0.03
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60.00%
TSE:DCSI
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1.30
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.