Visionstate Corp (TSE:VIS)
:VIS
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Visionstate
(VIS)
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Rating:42Neutral
Price Target:
C$0.01
▼(-30.00% Downside)
Action:Upgraded
Date:06/17/26
The score is held down primarily by weak financial performance (negative gross profit, large losses, ongoing cash burn, and negative equity with rising debt). Technicals add further pressure with the stock trading below major moving averages and negative MACD. Valuation provides limited support because losses make the P/E less informative and no dividend yield is available.
Positive Factors
Recurring SaaS/Subscription Revenue Model
A subscription/SaaS revenue mix creates durable revenue predictability and higher customer lifetime value versus one-off sales. Over 2-6 months this supports smoother cash inflows, easier forecasting, and scalable margin improvement as fixed R&D and platform costs are amortized across more recurring seats and service contracts.
Negative Factors
Negative Gross Profit and Large Net Losses
Negative gross profit implies the core product does not currently cover direct costs, a structural red flag that limits ability to scale profitably. Even with revenue growth, persistent negative gross margins mean scaling revenue could increase absolute losses unless core unit economics are repaired or product/pricing is restructured.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS/Subscription Revenue Model
A subscription/SaaS revenue mix creates durable revenue predictability and higher customer lifetime value versus one-off sales. Over 2-6 months this supports smoother cash inflows, easier forecasting, and scalable margin improvement as fixed R&D and platform costs are amortized across more recurring seats and service contracts.
Read all positive factors
Visionstate (VIS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.87M
Dividend YieldN/A
Average Volume (3M)370.26K
Price to Earnings (P/E)―
Beta (1Y)-0.51
Revenue Growth5.11%
EPS Growth11.36%
CountryCA
Employees7
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 Technical Analysis
Positive
0.02
Price Trends
0.02
Positive
0.02
Positive
0.02
Positive
Market Momentum
>-0.01
Negative
52.72
Neutral
166.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VIS, the sentiment is Positive. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.72 is Neutral, neither overbought nor oversold. The STOCH value of 166.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
50 Neutral | C$94.83M | -2.45 | -13.00% | ― | 0.83% | -3800.00% | |
47 Neutral | C$104.58M | -0.51 | -0.43% | ― | -36.55% | -156.72% | |
44 Neutral | C$3.23M | -1.07 | ― | ― | -21.68% | -79.78% | |
43 Neutral | C$3.21M | -17.33 | ― | ― | 19.01% | 70.15% | |
42 Neutral | C$3.87M | -3.90 | -3428.85% | ― | 5.11% | 11.36% | |
42 Neutral | C$6.87M | -0.51 | -212.14% | ― | -54.67% | 71.78% |
* General Sector Average
TSE:VIS
Visionstate
0.02
>-0.01
-25.00%
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Visionstate Corporate Events
Business Operations and StrategyFinancial Disclosures
Visionstate boosts recurring revenue with new Ontario health region and U.S. expansion
Positive
Apr 15, 2026
Visionstate Corp. is expanding its compliance software platform with the addition of a new Ontario health region covering five hospitals and related facilities, driven in part by new cleaning transparency regulations in the province. The software-...
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...
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.