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Visionstate
(VIS)
Visionstate (VIS) vs. iShares MSCI Canada ETF (EWC)
Visionstate Business Overview & Revenue Model
Visionstate Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 444.93K | 492.38K | 289.24K | 410.54K | 540.64K | 130.14K | Gross Profit |
| -422.29K | -155.40K | -275.94K | 365.01K | 528.20K | 121.09K | EBIT |
| -349.60K | -876.85K | -951.58K | -591.27K | -291.74K | -724.75K | EBITDA |
| -925.30K | -891.81K | -1.69M | -573.90K | -981.91K | -610.34K | Net Income Common Stockholders |
| -971.11K | -933.16K | -1.73M | -621.13K | -1.04M | -722.67K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 389.39K | 456.48K | 89.77K | 19.80K | 635.96K | -27.70K | Total Assets |
| 664.78K | 826.07K | 386.62K | 976.75K | 1.49M | 290.28K | Total Debt |
| 153.99K | 170.76K | 243.59K | 251.54K | 180.50K | 243.08K | Net Debt |
| -235.40K | -285.72K | 153.82K | 231.74K | -455.45K | 270.78K | Total Liabilities |
| 465.53K | 517.13K | 641.27K | 720.13K | 830.21K | 1.36M | Stockholders Equity |
| 199.25K | 308.94K | -254.65K | 256.63K | 655.03K | -1.07M |
| Cash Flow | Free Cash Flow | ||||
| -668.91K | -671.66K | -1.01M | -766.04K | -536.56K | -316.36K | Operating Cash Flow |
| -679.91K | -671.66K | -1.01M | -766.04K | -536.56K | -316.36K | Investing Cash Flow |
| -108.00K | -63.00K | -22.75K | -109.98K | -1.29M | 0.00 | Financing Cash Flow |
| 959.33K | 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | $11.80B | 10.37 | -7.29% | 2.91% | 7.39% | -7.96% | |
49 Neutral | C$6.46M | ― | -482.34% | ― | -6.76% | 54.64% | |
46 Neutral | C$2.48M | ― | -158.04% | ― | 49.97% | 67.56% | |
| $1.31M | ― | ― | ― | ― | |||
| $9.71M | ― | -299.37% | ― | ― | ― | ||
38 Underperform | C$11.53M | ― | 99.64% | ― | 34.05% | -58.84% | |
| $5.25M | ― | ― | ― | ― |
Visionstate Corporate Events
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.
Visionstate Corp. successfully launched two new technology solutions, MIRA and WandaLITE, at the Bunzl National Sales Conference. MIRA is an auditing and inspections software aimed at major grocery chains, while WandaLITE is designed to help businesses comply with Ontario’s Bill 190 regarding restroom cleaning records. These products are expected to open significant revenue streams and enhance Visionstate’s market presence in Canada and beyond.
Visionstate Corp. has announced its application to the TSX Venture Exchange to extend the expiry dates of two sets of common share purchase warrants, originally set to expire in 2025, by two years to 2027. This move, subject to regulatory approval, aims to provide stakeholders with extended opportunities for investment and reflects Visionstate’s ongoing commitment to enhancing its financial strategies and market presence.
Visionstate Corp. has provided an update on its investment in Sol Spaces Inc., which has made significant strides in the greenhouse solutions market. Sol Spaces showcased its high-tech greenhouse at the 2025 Edmonton Home and Garden Show, garnering substantial interest and recognition. The company is expanding its product line with the Sol 48 DIY greenhouse kit and has completed a community-scale greenhouse for a First Nations community. Sol Spaces is also exploring international opportunities, particularly in Mexico, as it continues to innovate in sustainable living solutions. Visionstate holds a 40% equity stake in Sol Spaces through convertible loans, indicating strong confidence in the company’s potential.
Visionstate Corp. has announced a robust sales pipeline and new technology launches aimed at expanding its market reach. The company is experiencing increased demand for its Wanda platform, an IoT-based solution for tracking cleaning and maintenance in public facilities. Visionstate has introduced WandaLITE, a streamlined version of Wanda, and MIRA, a new application for digital inspections, both of which will be showcased at an upcoming conference. The company is also advancing its proprietary AI model to optimize staff scheduling and routing, positioning itself for growth across North America.
Visionstate Corp. has successfully closed an over-subscribed private placement, raising $455,000 through the issuance of 18,200,000 units. This financing will support Visionstate’s growth initiatives, including expanding its WANDA solution into the US market, enhancing sales support, and investing in digital advertising and AI model development for facility management. The move is expected to bolster Visionstate’s market reach and diversify its revenue streams, reinforcing its commitment to delivering innovative technology solutions that improve operational efficiencies and customer experiences.
Visionstate Corp. announced the launch of a standalone inspections application in early Q3, designed to streamline auditing processes for facility managers and integrate with its WANDA product. This initiative is expected to create a new revenue stream by digitizing processes and enhancing reporting capabilities. Additionally, Visionstate is collaborating with the Alberta Machine Intelligence Institute to develop an AI model for optimizing cleaning schedules, with completion anticipated in Q4 2025. This AI initiative aims to transform facility management by turning complex tasks into optimized processes. Visionstate has also updated its WANDA software to comply with Ontario’s new cleaning verification legislation, ensuring that facility managers can meet regulatory requirements effectively.