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Vsblty Groupe Technologies Corp (TSE:VSBY)
:VSBY
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 28, 2024
|% Change Since: 28.57%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant revenue growth and cost reduction initiatives, along with a profitable JV and strategic partnerships. However, deferred revenue, underperformance of Shelf Nine, existing debt, and long sales cycles in security deals present challenges.Company Guidance
During the call, VSBLTY discussed several key financial metrics and strategic initiatives. The company reported a notable revenue increase of 76% year-over-year for Q3 2024, with revenue reaching $249,000, up from $141,000 in Q3 2023. Year-to-date revenue was $868,000, significantly higher than the $319,000 reported for the same period in 2023. This growth was attributed to the Winkel Master Service Agreement and the Shelf Nine acquisition. A significant portion of revenue, $2.1 million, remains deferred due to accounting treatments but is expected to be recognized starting Q1 2025. The company also reduced its operating loss from $2.4 million in Q3 2023 to $1.4 million in Q3 2024, thanks to cost control measures and improved network architecture. Notably, VSBLTY's joint venture, Winkel, showed profitability on a month-to-month basis, with revenues between $200,000 and $300,000, driven partly by the growth of programmatic revenues. Additionally, the company is involved in a significant security pipeline worth $0.5 billion and a promising retail initiative with a potential addressable market of $80 billion. CEO Jay Hutton emphasized the company's commitment to achieving profitability and growth in 2025.Significant Revenue Growth
Revenue for Q3 2024 was $249,000, a 76% increase from Q3 2023. Year-to-date revenues were $868,000, significantly higher than the same period in 2023, which was $319,000.
Reduction in Operating Loss
Operating loss in Q3 2024 was reduced from $2.4 million in 2023 to $1.4 million in 2024. Year-to-date operational loss also improved from minus $7.7 million in 2023 to minus $4.3 million in 2024.
Winkel JV Profitability
Winkel is now profitable on a month-to-month basis, with total revenue per month between $200,000 and $300,000, and programmatic revenue growing from $0 to $25,000 a month.
Cost Reduction Initiatives
VSBLTY has successfully reduced costs through improved network architecture and system consolidation, leading to significant cost reductions.
Pipeline and Strategic Initiatives
The security pipeline is about $0.5 billion, and the company is involved in large infrastructure deals globally, with a major strategic partnership expected to close soon.
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TSE:VSBY Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
| Apr 30, 2025 | 2024 (Q4) | ― | ― | ― | ― | ||
| Nov 28, 2024 | 2024 (Q3) | -0.1 | 57.00% (+0.06) | ― | ― | ||
| Aug 29, 2024 | 2024 (Q2) | -0.133 | ― | ― | ― | ||
| Jul 22, 2024 | 2023 (Q4) | -0.133 | 78.95% (+0.11) | ― | ― | ||
| May 30, 2024 | 2024 (Q1) | ― | ― | ― | ― | ||
| Nov 30, 2023 | 2023 (Q3) | -0.277 | 50.00% (+0.14) | ― | ― | ||
| Aug 30, 2023 | 2023 (Q2) | -0.1 | ― | ― | |||
| Jul 10, 2023 | 2023 (Q1) | -0.1 | ― | ― | ― | ||
| Jul 06, 2023 | 2022 (Q4) | -0.138 | 0.00% (0.00) | ― | ― | ||
| Nov 29, 2022 | 2022 (Q3) | -0.277 | 0.00% (0.00) | ― | ― |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:VSBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 28, 2024 | C$0.07 | C$0.06 | -14.29% |
| Aug 29, 2024 | C$0.06 | C$0.07 | +18.18% |
| Jul 22, 2024 | C$0.07 | C$0.07 | 0.00% |
| May 30, 2024 | C$0.08 | C$0.09 | +12.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vsblty Groupe Technologies Corp (TSE:VSBY) report earnings?
Vsblty Groupe Technologies Corp (TSE:VSBY) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Vsblty Groupe Technologies Corp (TSE:VSBY) earnings time?
Vsblty Groupe Technologies Corp (TSE:VSBY) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:VSBY EPS forecast?
Currently, no data Available
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