Visionstate Corp (TSE:VIS)
:VIS
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Visionstate
(VIS)
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Rating:39Underperform
Price Target:
C$0.01
▼(-30.00% Downside)
Action:DowngradedDate:03/10/26
The score is primarily driven by very weak financial performance (sharp revenue decline, extremely negative margins, continued losses and cash burn, and negative equity). Technical indicators add modest support only in that RSI is low and price is flat versus moving averages, but overall momentum remains weak. Valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Niche facilities & healthcare SaaS
Visionstate’s core offering targets facilities management and healthcare digital task management, a structural market need for accountability and compliance. Durable demand for workflow/monitoring tools supports recurring revenue potential and long-term client stickiness if adoption expands.
Negative Factors
Severe revenue decline
A near-100% TTM revenue decline is a structural red flag for product-market fit and demand. Sustained top-line contraction reduces scale economics, limits reinvestment in sales and product, and increases reliance on external funding, creating durable headwinds over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Niche facilities & healthcare SaaS
Visionstate’s core offering targets facilities management and healthcare digital task management, a structural market need for accountability and compliance. Durable demand for workflow/monitoring tools supports recurring revenue potential and long-term client stickiness if adoption expands.
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)-0.01
Revenue Growth-15.33%
EPS Growth47.13%
CountryCA
Employees7
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)N/A
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
Visionstate Corp. engages in the research and development of technology in the realm of the Internet of Things, big data and analytics, and sustainability. The company, through its subsidiary, Visionstate IoT Inc., provides state-of-the-art IoT pl...
How the Company Makes Money
null...
Visionstate Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 433.08K | 492.38K | 289.24K | 410.54K | 540.64K |
| Gross Profit | -392.06K | -155.40K | -275.94K | 365.01K | 528.20K |
| EBITDA | -1.04M | -891.81K | -1.69M | -573.90K | -981.91K |
| Net Income | -1.08M | -933.16K | -1.73M | -621.13K | -1.04M |
Balance Sheet | |||||
| Total Assets | 191.21K | 826.07K | 386.62K | 976.75K | 1.49M |
| Cash, Cash Equivalents and Short-Term Investments | 75.82K | 456.48K | 89.77K | 19.80K | 635.96K |
| Total Debt | 165.52K | 170.76K | 243.59K | 251.54K | 180.50K |
| Total Liabilities | 504.84K | 517.13K | 641.27K | 720.13K | 830.21K |
| Stockholders Equity | -313.63K | 308.94K | -254.65K | 256.63K | 655.03K |
Cash Flow | |||||
| Free Cash Flow | -826.56K | -671.66K | -1.01M | -766.04K | -536.56K |
| Operating Cash Flow | -826.56K | -671.66K | -1.01M | -766.04K | -536.56K |
| Investing Cash Flow | -82.50K | -63.00K | -22.75K | -109.98K | -1.29M |
| Financing Cash Flow | 528.40K | 1.10M | 1.11M | 259.86K | 2.47M |
Visionstate Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
34.97
Neutral
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VIS, the sentiment is Negative. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 34.97 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:VIS.
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% | |
52 Neutral | C$132.02M | 60.68 | -13.00% | ― | 3.40% | -691.81% | |
51 Neutral | C$104.58M | 2.69 | -0.43% | ― | -59.23% | -100.34% | |
49 Neutral | C$2.86M | -2.52 | ― | ― | 33.92% | -402.25% | |
44 Neutral | C$2.75M | -4.02 | ― | ― | 13.01% | 20.00% | |
42 Neutral | C$6.87M | -1.20 | -212.14% | ― | -56.02% | 91.71% | |
39 Underperform | C$5.17M | -15.43 | -3428.85% | ― | -15.33% | 47.13% |
* General Sector Average
TSE:VIS
Visionstate
0.02
0.00
0.00%
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Visionstate Corporate Events
Business Operations and StrategyFinancial Disclosures
Visionstate Builds Recurring Revenue as MIRA Platform Wins New Subscriptions
Positive
Mar 18, 2026
Visionstate reported accelerating growth in subscriptions to its MIRA compliance platform, adding 11 new location subscriptions across 12 installations between early February and mid-March 2026. These additions contribute about $11,000 in new quar...
Business Operations and StrategyProduct-Related Announcements
Visionstate Repositions Under MIRA Platform as Subscriptions Accelerate
Positive
Feb 19, 2026
Visionstate has rebranded and consolidated its technology under the MIRA compliance platform, shifting its positioning from an IoT facility management provider to a compliance-focused subscription business. The company sees rising regulatory deman...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Visionstate Targets Subscription Growth and Profitability After Compliance-Focused 2025 Investments
Positive
Jan 6, 2026
Visionstate Corp. is entering 2026 with growing subscription-based revenue momentum after a year of targeted investment in compliance-driven technologies, including its MIRA Inspections mobile platform, TidyLogic AI analytics engine, and WandaLITE...
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.